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Author Topic: Why hasn't any government stopped Bitcoin?  (Read 36251 times)
portatifx
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May 04, 2018, 11:53:43 AM
 #321

They haven't stopped it because it's impossible to stop. The whole point of decentralization is that if one computer still has it, it still exists. They have to deal with it whether they want to or not. might as well capitalize on it..
Tigorss
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May 05, 2018, 10:53:41 AM
 #322

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
not want to but it can not, except if electricity and internet no new government can stop bitcoin
Name: Claudio
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May 05, 2018, 12:57:00 PM
 #323

One thing or one reason I think why they can't stop is they can't just block its pathway on the internet, many can shot down exchange also but exchange also keep on coming and popping up to offer service and to trade money to BTC.
Tylev
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May 05, 2018, 04:50:52 PM
 #324

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
Most likely in Russia and China were convinced of the futility of their possible prohibitions. Citizens vseravno find other ways to use kriptovalyutu without going to exchanges and exchangers, which are controlled by this government. And openly to fight with their people, forbidding even the Internet, they are afraid. Now the same story is repeated in India. Reserve Bank of India banned its banks
to render services in the crypto-currency and this ban will soon come into force. Again, see what happens.
darkedelf
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May 05, 2018, 05:19:18 PM
 #325

because bitcoin is not regulated by any government by the bitcoin is digital currency it is not owned by any person so it works on bitcoin network.
ecnesa101
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May 06, 2018, 08:13:01 AM
 #326

In my opinion bitcoin never stop nowadays people are benefits from bitcoin and Government can't stop,too. Because Government has benefit from bitcoin they can benefit from it through taxes from the companies who provides services such as buying and selling from bitcoin. Long live bitcoin...
gkhnhsyn1
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May 06, 2018, 10:20:05 PM
 #327

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?
Mentari78
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May 10, 2018, 02:16:04 PM
 #328

Because bitcoin provides an alternative to the banking and government systems. Bitcoin offers an alternative to the conventional banking system that is approved by the state.
gogrowglow
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May 10, 2018, 02:43:54 PM
 #329

Bitcoin is a digital currency and is using decentralized Bockchain technology, so nobody  can be accounted for it.   Currently not many countries are adopting bitcoin and declare about its legality but it is proven that bitcoin can be a good innovator for the development of digital currency. Government still, doesn't have any clue to stop  Bitcoin. Some countries instead of banning Bitcoin,  they want to make Bitcoin as legal tender because of the  technology behind it.
kashkarev55@mail.r
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May 11, 2018, 10:26:39 AM
 #330

It will make you smarter, why deny if it is possible to busem to control the process and earn.
Camorra Dev
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May 14, 2018, 03:32:56 PM
 #331

We have to remember, there are many obstacles we need to overcome before countries start to officially accept the bitcoin
BUK2016
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May 14, 2018, 05:40:38 PM
 #332

Attacking method some time generate more attention of so many people around the world and I believe that people have over the see the potential inherent in bitcoin and crypto current and is why every thing seems cool with such negative news from the government in recent time. 
reality18
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May 14, 2018, 06:37:16 PM
 #333

Total ban of bitcoin by the government seems impossible because it will marvel you to know that even most of the people holding higher positions in the government in one way or the other have investments in Bitcoin. The extent to which they can go is to impose regulations to its operation in order to gain at least some power over it.
abelmon66
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May 17, 2018, 04:18:35 AM
 #334

Many governments are trying to stop bitcoin but it can not be done for themselves, because bitcoin reaches the world-wide network, and if the government uses bitcoin it will be profitable for the government.
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May 17, 2018, 10:27:31 AM
 #335

Actually bitcoin is not an enemy of the government rather it is the only one that can possibly change the way of people life from simplicity to greatness. Government know  that bitcoin gives purpose to the citizens even without tax from it. They try to control bitcoin but they cannot.
investorck
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May 17, 2018, 10:29:09 AM
 #336

Bitcoin is a decentralize currency on the blockchanin so it willl be difficult for any body o stop it.
Thanks
Magic Sarap
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May 17, 2018, 04:42:57 PM
 #337

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
Because governments still looking on how they should legalize the bitcoin. Governments upon to believe that it should be

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Camorra Dev
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May 18, 2018, 08:24:57 AM
 #338

Because it is so easy to earn money with Bitcoin and use it, people start to get interested in it, especialy after the price went from less than 1K to over than 10K.
cryptorocket84
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May 18, 2018, 10:05:23 AM
 #339

 I know and believe that no Government can stop Bitcoin, reason because i don't see how Bitcoin does not affect the way the Government should govern her country. Government should look out for the need of his people and solve the problem not looking for a way to stop bitcoin. It's only a Government that is lazy that will leave what they are suppose to do and is now thinking on how to stop bitcoin. I think such Government should get busy and stop lazying about.
Anees1122
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May 19, 2018, 12:59:54 AM
 #340

Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin – and its alt-coin contemporaries – in a way that could impede its progress.
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