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Author Topic: Why hasn't any government stopped Bitcoin?  (Read 36080 times)
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November 16, 2017, 01:39:15 AM
 #201

Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.
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November 17, 2017, 02:23:49 AM
 #202

Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.

Governments are starting to regulate the use of bitcoin because of the threat that it is giving to the fiat system. Yes bitcoin might become the future's currency but government will not allow a non regulated currency to be used by their residents.
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November 17, 2017, 02:33:52 PM
 #203

Bitcoin cannot be stopped by the governments because they don't have control and authority over bitcoin. It is also open to individual, anyone can participate in this currency and it isgetting wider and famous and proven. Countries who declare bitcoin as legal sees and realize this as a good form of economy, investment and currencies.

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November 19, 2017, 07:49:19 AM
 #204

Stopping bitcoin just means stopping economies to grow more. These countries are going to be stucked in a slow progress if they will not give bitcoin a chance to be used in their monetary system. Bitcoin is the best invention of this era to help everything to be monetized fairly so it's a stupid move if they will stop it.
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November 19, 2017, 09:30:29 AM
 #205

Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.

Governments are starting to regulate the use of bitcoin because of the threat that it is giving to the fiat system. Yes bitcoin might become the future's currency but government will not allow a non regulated currency to be used by their residents.
In the sense of regulation which they cant directly regulate bitcoin thats why they do target on the services or the things which do connects on bitcoin like exchanges and merchants because theres no way that government can really block the network to avoid their citizens to engage into bitcoin because as long theres an internet,citizens do freely move and can engage to bitcoin without noticing by the government.This is why they do block indirectly because they cant do nothing if they would really target on the roots.

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November 20, 2017, 11:32:03 AM
 #206

They are not stopping bitcoin because nothing is illegal with it.
Bitcoin doesn't violate any existing laws.
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November 21, 2017, 09:26:07 AM
 #207

They can't stop it because they don't know where to start. Trading is not illegal, Mining is not illegal, possession is not how are you suppose to stop it?
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November 21, 2017, 01:05:58 PM
 #208

governments can't stop bitcoin with laws and people are also not able to understand why it should be illegal. It's not drugs, it doesn't beat anyone, it doesn't hurt anyone, so what could be the reason to prohibit it successfully?
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November 26, 2017, 04:47:43 PM
 #209

A country can establish laws  prohibiting the btc etc. But the problem it’s they put themselves on the sidelines of other countries. While they forbid, other countries are friendly altcoins and the companies are created, people  are being hired. It’s good for the economy of the country. So did they want to come on board or missing out on important opportunities ?
But a government can't stop the btc because the btc, it's internet and you can't stop internet. Unless you cut electricity. So it’s impossible.
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November 28, 2017, 01:24:37 AM
 #210

Yes bitcoin is a new technology to improve the economic crisis that occurs in a country, the government can not also oppose it because the growth of their country also rose thanks to bitcoin. But the country is also confused because bitcoin is also widely used for other illegal things. I think it takes a new law to regulate bitcoin in that country
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November 28, 2017, 05:16:46 AM
 #211

The state is only interested in their own narrow interests. You seriously think politicians care about your health and is therefore prohibited drugs? They are concerned about a large number of not controlled by people who do not benefit the country. For bitcoin they are also. Their concern is that thanks to bitcoin, people will be self-sufficient and the government will lose control over them. For government officials the bitcoin worse drugs.
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November 29, 2017, 04:58:21 PM
 #212

Maybe because that it beyond their control and they don't feel like focusing on it since many people can be benefited from Bitcoin. Plus, they can't stop it because it has already gained many users and it is not illegal.

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November 29, 2017, 08:43:06 PM
 #213

Because they are confused and yet do not know what to do, but soon the power will take bitcoin in their hands.

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November 29, 2017, 11:58:56 PM
 #214

Bitcoin will not be stop by any government it's because of it's anonymity, bitcoin is like a good virus/malware that cannot be appreciated by government. russia , China, and any other country cannot fully erase bitcoin.   If internet network exist then bitcoin will never stop existing and insisting to any protocols. Government will just waste their time trying their best to make bitcoin dissolved.
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November 30, 2017, 12:17:44 AM
 #215

don't think the governments take care of the ordinary people Sad This is very similar to the situation under the name "we cannot stop what is happening, so we must lead it "! Today everybody knows, the members of  government prefer to store their financial savings in the Bitcoin currency.
In fact legislation is too slow, hard and complicated mechanism, what have to take into account the terms of consideration. Laws will never catch up the internet fresh ideas and new projekts which are born in the world of crypta.

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November 30, 2017, 08:50:40 AM
 #216

 I suppose ,that there is nothing that can stop a government or central bank from banning bitcoin,becouse  there is no single organisation or person that controls btc. If there we to block all the websites that people can download Bitcoin wallets from, new ones will come up and some people will compile their own wallets from source code.
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November 30, 2017, 03:48:59 PM
 #217

Bitcoin will not be stop by any government it's because of it's anonymity, bitcoin is like a good virus/malware that cannot be appreciated by government. russia , China, and any other country cannot fully erase bitcoin.   If internet network exist then bitcoin will never stop existing and insisting to any protocols. Government will just waste their time trying their best to make bitcoin dissolved.
Its really possible for it to be stopped but would really require super quantum computers which we do know that it isn't available as of now and it would still take time for it to be invented which means bitcoin would able to still exist for longer years as of now.Government cant really do nothing on its existence and it cant be stopped this is why they do only impose laws on their vicinity regarding on the prohibition of using it but totally shutting it down it isn't possible.
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November 30, 2017, 05:50:12 PM
 #218

Bitcoin will not be stop by any government it's because of it's anonymity, bitcoin is like a good virus/malware that cannot be appreciated by government. russia , China, and any other country cannot fully erase bitcoin.   If internet network exist then bitcoin will never stop existing and insisting to any protocols. Government will just waste their time trying their best to make bitcoin dissolved.
Its really possible for it to be stopped but would really require super quantum computers which we do know that it isn't available as of now and it would still take time for it to be invented which means bitcoin would able to still exist for longer years as of now.Government cant really do nothing on its existence and it cant be stopped this is why they do only impose laws on their vicinity regarding on the prohibition of using it but totally shutting it down it isn't possible.
You are wrong. In order to destroy bitcoin simply to strengthen governmental control over Fiat money. This is the weakest link in the chain of bitcoin. Now, there are no conditions to bitcoin existed independently. Every user is compelled to exchange their coins for Fiat. If banks are banned from such transactions then bitcoin will lose popularity.
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November 30, 2017, 09:24:37 PM
 #219

You are wrong. In order to destroy bitcoin simply to strengthen governmental control over Fiat money. This is the weakest link in the chain of bitcoin. Now, there are no conditions to bitcoin existed independently. Every user is compelled to exchange their coins for Fiat. If banks are banned from such transactions then bitcoin will lose popularity.
I am not compelled to exchange for fiat. I don't want fiat so I only use bitcoin. If I can't get it for bitcoin then I don't need it. There is nothing that will change my spending habits now and I'm not asking for permission to use crypto, I'm telling the banks that I will.

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November 30, 2017, 09:25:55 PM
 #220

Actually in China and Morocco bitcoin related services has been shutdown and later a few prohibions appeared.
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