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Author Topic: Maybe governments can stop bitcoin after all  (Read 11086 times)
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September 16, 2017, 12:23:24 PM
 #141

They can't stop bitcoin only can stop companys for using them. Thats all don't panic.
I do agree with you that the bitcoin currency is growing very fast and it is being so famous in a lot of areas the process of the bitcoin is making the the people aware of the real profit so people are believing in bitcoin more than before.  Currency of the bitcoin is gaining fame in some backward areas as well people are trying to connect with internet for the sake of the bitcoin so it is impossible to stop the bitcoin now.

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September 18, 2017, 07:00:57 AM
 #142

The governments of many countries already invest in bitcoin a lot of money so it means they wont make it illegal.
You are right they can’t stop bitcoin at all because a lot countries have already made investments in bitcoins which means that can’t even make it illegal for the people. It is very difficult for them to do so because of very large number of bitcoin users from all over the world and easier access to its users globally for transactions while sale/purchase of products online.

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September 18, 2017, 08:05:16 AM
 #143

The governments of many countries already invest in bitcoin a lot of money so it means they wont make it illegal.
You are right they can’t stop bitcoin at all because a lot countries have already made investments in bitcoins which means that can’t even make it illegal for the people. It is very difficult for them to do so because of very large number of bitcoin users from all over the world and easier access to its users globally for transactions while sale/purchase of products online.

I say the kind of acceptance we are looking for might take time to come. Some government bearly understand how bitcoin works neither have they gone into investment on it. Also, with the recent happenings in China that caused some push down on price, imagine where few other countries make such decision. Is just to say nothing it impossible. Though bitcoin is rising again  Shocked

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September 18, 2017, 08:18:07 AM
 #144

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

That why bitcoin consider as risky investment since nobody can control it , it's decentralized currency but in other side , all criminal try to take advantage of bitcoin. I think if citizen still want to use bitcoin, government shall let them use it but warn them that if something happen that cause by bitcoin, they can't help at all
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September 18, 2017, 08:38:55 AM
 #145

Yes of course they can stop it. If they will ban bitcoin all over the world. Bitcoin would not stand a chance maybe a few years, and then it will lose all its value. Then other coins will rise up and take up Bitcoins place. Litecoin and eth are for me the best altcoins.
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September 19, 2017, 02:18:46 PM
 #146

They can't stop bitcoin only can stop companys for using them. Thats all don't panic.
I do agree with you that the bitcoin currency is growing very fast and it is being so famous in a lot of areas the process of the bitcoin is making the the people aware of the real profit so people are believing in bitcoin more than before.  Currency of the bitcoin is gaining fame in some backward areas as well people are trying to connect with internet for the sake of the bitcoin so it is impossible to stop the bitcoin now.
A lot of countries are trying to ban bitcoin but they cannot stop the growth of the bitcoin permanently. At the start they will ban bitcoin or may be try to do this but later on they will see that banning bitcoin has no affect on the strength of the bitcoin and they are not capable to stop the Bitcoin River to grow more so government cannot stop bitcoin and the bitcoin will keep on growing more and more.

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September 19, 2017, 02:40:53 PM
 #147

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

This is my insight, full of common sense and precious intelligence. BTC arose from nothing, maybe a lot of anger and angst, but nothing much. And it became this, this monstrosity eight years later. Bless SN. Think, if tomorrow it ALL died, then after a few stunned days, won't it come back again? The seeds in people's minds and hearts are still there, even more so now. The internet, cheap electricity, is still there. Come, don't you see that only by taking down the internet can BTC die? It may fade and transfer its life force to another, but the idea and the execution is out. Take my wisdom and internalize it. This, this thing can only grow and metamorphosize, thorium reactors/ big data/ cheap storage/ etc will feed it until Elon Musk is right, and we evolve out of our carbon-based forms into new silicon-based life, complaining and FUDing all the while, just as the apes did when sapiens arose.

To your query, yes, the exchanges are weak. But as long as some countries are welcoming of BTC: Japan, SKorea, Switzerland, UK, people can find a way there electronically to participate. Yes, the life force is pushed into the shadows again. But my idea is that now the genie is out. Imagine China does an about turn and allows some trading, maybe under very strict KYC/AML after their cleaning house. Maybe only exchanges run by "friends", properly taxed and loyal to the state. The rebound will be spectacular and astronomical. Why? Many people will already be familiar with the crypto-system, believe it and want it. So it may be pushed into the shadows but each release will bring it to its previous level and then some.

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September 19, 2017, 02:45:56 PM
 #148

Sure crypto has been affected with China bans over ICO and rumours about forbide exchanges, due to the abusive using of those to make the ilegal money clean and without any issues, some people might had mooved fortunes over ICO and made their business ilegal to sounds like somethign legal, but bitcoin is bigger then any country and those has been proven since it had reached again the 4000 dollars recently.


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September 19, 2017, 02:48:25 PM
 #149

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

BTC itself has technical problems besides adoption. But happily, LN, Segwit etc can solve some of this. Knowing it is not so anonymous though, u shd know another problem: governments can slowly co-opt it into the system. Will raise its price to the stratosphere when it becomes mainstream. However, it will just be another government currency. Imagine then you want to send BTC to an address, you'll be made to declare where you're sending it to etc.

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September 19, 2017, 02:58:08 PM
 #150

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Yes the government of a single country can really stop bitcoin because they have the power to control a country and to give orders. That's why we should not used bitcoin in such illegal activities because the government will make a moved to stop bitcoin and removed all it's sites in the internet.

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September 19, 2017, 04:00:37 PM
 #151

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Yes the government of a single country can really stop bitcoin because they have the power to control a country and to give orders. That's why we should not used bitcoin in such illegal activities because the government will make a moved to stop bitcoin and removed all it's sites in the internet.

Well in china it was reported that they use bitcoins to buy drugs online so it would not be caught easily, That is the reason why they banned ico's and it really affects the market badly today. But still it would not stop me from trading and i did not rush selling my etherium coins at the lowest price hoping that price will increase again eventually.

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September 19, 2017, 04:02:51 PM
 #152

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Governments can make Cryptocurrencies' prices drop.. They can discourage you to use them. Heck, they can even make Cryptocurrencies illegal!

But what they can't stop, is the power of our Cryptocurrency community. Ofcourse, the community that would still be using it, would be much smaller, but it would still be present.

Regards,
Trump

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September 19, 2017, 04:05:54 PM
 #153

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Governments can make Cryptocurrencies' prices drop.. They can discourage you to use them. Heck, they can even make Cryptocurrencies illegal!

But what they can't stop, is the power of our Cryptocurrency community. Ofcourse, the community that would still be using it, would be much smaller, but it would still be present.

Regards,
Trump


Apart from Japanese non of government give fuck to bitcoin or altcoin. Since bitcoin is independent medium to invest start the business. Till that will survive without any help of government.
Each and every single person can invest in bitcoin related platform and can earn without any trouble or taxation.


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September 19, 2017, 04:22:16 PM
 #154

The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.
I agree , the government  more likely  wants to control bitcoin rather than to kill it or to let it gone in the future. Be asue they also know that bitcoin has a good future ahead. It just depends on how people would support bitcoin in the future for it to attain once again the development  and the innovation it could achieve.

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September 19, 2017, 11:25:58 PM
 #155

no they can NOT stop bitcoin.

first of all the government has never had anything against bitcoin. they have always have been against illegal things that is done with it. with bitcoin and any other cryptocurrency. this China ICO drama is the perfect example of what i just said.

secondly nobody can stop bitcoin. things like what happened can temporarily damage the price. and even if all countries announce bitcoin as illegal the price drops and that will be the worst part of it. but it won't kill bitcoin!
I agree, The fact that what ever happens bitcoin will be damaged but it will not make bitcoin vanished. Nothing can stop bitcoin because of its being encrypted.

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September 20, 2017, 12:15:08 AM
 #156

no they can NOT stop bitcoin.

first of all the government has never had anything against bitcoin. they have always have been against illegal things that is done with it. with bitcoin and any other cryptocurrency. this China ICO drama is the perfect example of what i just said.

secondly nobody can stop bitcoin. things like what happened can temporarily damage the price. and even if all countries announce bitcoin as illegal the price drops and that will be the worst part of it. but it won't kill bitcoin!
I agree, The fact that what ever happens bitcoin will be damaged but it will not make bitcoin vanished. Nothing can stop bitcoin because of its being encrypted.

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September 20, 2017, 12:26:22 AM
 #157

Actually, any government can stop bitcoins, the only thing they can't are the investors who are into this trend.  CHINA has declared a halt to cryptocurrency exchange but they cannot stop the Chinese Investor to venture to other countries like Japan and South Korea.   Chinese traders even went to Hong Kong to continue investing and have exchanged it to Gatecoins where Hong Kong is using that name for their cryptocurrencies.  So if ever the government will halt the exchange in the Philippines, we can still use this to buy goods online who are accepting this currency... CHOW.....

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September 20, 2017, 12:39:29 AM
 #158

Actually, any government can stop bitcoins, the only thing they can't are the investors who are into this trend.  CHINA has declared a halt to cryptocurrency exchange but they cannot stop the Chinese Investor to venture to other countries like Japan and South Korea.   Chinese traders even went to Hong Kong to continue investing and have exchanged it to Gatecoins where Hong Kong is using that name for their cryptocurrencies.  So if ever the government will halt the exchange in the Philippines, we can still use this to buy goods online who are accepting this currency... CHOW.....
Government can ban ot like what China government did, but some countries haven't access on advancement of technology that are able control thei internet since there are vpns that can be used still.

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September 20, 2017, 01:56:39 AM
 #159

They can stop it by imposing some restrictions of using bitcoin but that restrictions are very LIMITED only because bitcoin is decentralized and not centralized.




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September 20, 2017, 02:47:48 AM
 #160

Many people should know the importance of bitcoin in our lives, especially the help that it can give to people who wanted to have investments and gain profit. These laws that the government make are just too pointless. I support bitcoin and we all should, like Japan and how they adapted the legalization of the use of bitcoin in their country. Japan's economy is growing, they are a proof that bitcoin is not a threat to the economy so why should China or Russia ban the trading/transactions using bitcoin.


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