Maybe governments can stop bitcoin after all

[neonshium]

I don't think that government able to control bitcoin because it is decentralized but market mess will be created over and over against bitcoin and alternative coins .

Panic in the market is created by those people who do not want to believe that bitcoin is a very strong coin. With every minor news, they begin to panic. I think that the government has no way to ban bitcoins

Jamie Dimon taken as a recent example. His bashing did not really caused a panic, but his origins are to be considered.
Goverments are overated in a globalized society. Corporations expanded into the scale of countries. There are banks of that size.

A goverment has ruling limits documented by their constitution. Any of the other players of compareable sizes are not limited by something even similar. I think they are the real thread. And those got a lever into politics by lobbying, bribery or other means.

I don’t so because still the governments have no control over bitcoin because of decentralization. They can just ban the trade in bitcoin like China. But as we see that now China is also has a soft corner for bitcoin and may they legalize bitcoin in the near future. The statement of a single person should not be taken seriously. It is his personal opinion and not the voice of all the people around the world.

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[kevpantof]

The government's regulation of bitcoin transactions should instead consider bitcoin illegal. because if indeed the government can really mean it then the country can get more income than bitcoin subsidy.

No government will kick the development and progress chance out from their country and bitcoin is the major chance of development and economy stability and those who are using it see their economy and their development state and compare with those who are not and governments will not be jealous to their citizens if they are making clean and clear money.

[giarised]

Government can do anything and there is always pressure of authority bodies when something extra ordinary happens within the world. However in developed countries government might just not care much about bitcoin or digital world as long as something illegal is not happen with it. The vulnerability of getting stopped with bitcoin might arise in the countries which are underdeveloped because the government won't allow people's to use third world currency as they may loose control over there own. This is complex and you never know what decision your government might just take in first place.

May or may not the governments can do anything but bitcoin is not the property of one government. It is circulated all over the world. And the people invest in bitcoin from all over the globe. So it may not be so easy for any government to stop bitcoin because it is not only a currency but also a coin business and all the people have the right to invest their money where they want and where they feel the most profitable field.

[mrfreezeh]

The government's regulation of bitcoin transactions should instead consider bitcoin illegal. because if indeed the government can really mean it then the country can get more income than bitcoin subsidy.

No government will kick the development and progress chance out from their country and bitcoin is the major chance of development and economy stability and those who are using it see their economy and their development state and compare with those who are not and governments will not be jealous to their citizens if they are making clean and clear money.

Really? What do you think about the cryptocurrency world are become the speculation place than an investment market? You also know too many new investors participate in this market, of course you will think this is a good signal to help Bitcoin grow more. But the fact is not great as your thought, too many newbie synonymous there are many "investors" have not any knowledge and become speculators.

[Bohxz M4p4gm4h4l25]

No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.

If you are not believing consider the fact that bitcoin is a decentralized system that has been establishing its own name all over the globe that as they say may have the possibility that it may replace fiat which is undoubtedly be happened, but the thing is governments will never allow a decentralized sstm may rule over them and their signature curreny if government cannot hold in the fact that ut may be greater than fiat they might do some action that may lead to governments to stop bitcoin.

[Bohxz M4p4gm4h4l25]

No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.

If you are not believing consider the fact that bitcoin is a decentralized system that has been establishing its own name all over the globe that as they say may have the possibility that it may replace fiat which is undoubtedly be happened, but the thing is governments will never allow a decentralized sstm may rule over them and their signature curreny if government cannot hold in the fact that ut may be greater than fiat they might do some action that may lead to governments to stop bitcoin.

[Bohxz M4p4gm4h4l25]

No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.

If you are not believing consider the fact that bitcoin is a decentralized system that has been establishing its own name all over the globe that as they say may have the possibility that it may replace fiat which is undoubtedly be happened, but the thing is governments will never allow a decentralized sstm may rule over them and their signature curreny if government cannot hold in the fact that ut may be greater than fiat they might do some action that may lead to governments to stop bitcoin.

[BartS]

I don't think government can stop bitcoin in the coming years but I do think they will soon have a share on each individuals who use bitcoin to gain profit, especially when they pass a law to tax bitcoin users. Also if I were to based it on my countries condition, bitcoin has not yet caught their attention or any other digital cryptocurrency that is available around the world. 

No one can stop bitcoin if they cannot stop torrents and people from downloading movies and video games or from streaming their favorite shows, then they are not going to stop bitcoin, people think of governments as all powerful and while they are powerful there are things they cannot stop and bitcoin is one of them and I’m sure they have realized that.

[ilovefeetsmell]

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.

How sad, we will lose our hard work in just a snap. Bitcoin would dump after Government announced the irregularities in bitcoin. There is nothing we can do when the government decides on it, just follow the rules. I still believe that we can still earn more money online even without ICO and bitcoin. All we have to do is look for our brighter side and use our best skills via online like programming, designing, and etc.

[mozillaspez]

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.

The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years.

No it will never happened because millions of people have invest their money in bitcoins and the only hope of unemployed people is Bitcoin so no government will treat their people so harsh that they will stop Bitcoins at all.

[kanayaTabitha]

as long as bitcoin becomes a medium of exchange and not a virtual currency may not be a problem like yesterday. most countries forbid bitcoin because there are many irresponsible parties that make ico as money laundering.

[sariz12]

I think the problem of all cryptocurrencies is not goverment, but its volatility. The Chinese wind has blown in negative way and we have seen a huge dump in one day. Today we see some positive news about cryptocurrencies in Russia and everything is stabilizing. Goverment cannot stop bitcoin, but it can truly speculate as much as they want.

Government will always be government if ever they will pass a law that can really kill Bitcoin it only means that they need someone from the legal team of Bitcoin to give them tax for them to continue to ignore Bitcoin. The reason why Government will possibly do this is because the more people who uses Bitcoin the less they are getting from the tax. Because as we all know if we used Bitcoin we can use this for transaction, buy and sell or even in gambling and those are the things that government get tax. And I also think that The government didn't shutdown even once they are just trying to regulate bitcoin but they don't shutdown bitcoin because they can't since it is decentralized.

[Rosochka]

government can not stop bitcoin

[speedy963]

No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.

No government will stop it, because they know very well that bitcoin has potential to give boost to their national economy and those who will do this stupid thing they will cut off their development and they will lag in each and every field of progress and no government can do this because citizen know better than government what is best for them and what is not and bitcoin is best,

Many countries find exact opposite situation  of what you are saying about the bitcoin giving boost to their national economy. For example, China govt purposefully devalued the value of their currency. Why was done? it was done under the impression that if yuan price remain higher then foreign investment may decrease and may go to other countries. This triggered the volunteer devaluation. However this national interest decision wrecked havoc for wealthy people from china.  These wealthy people suddenly discovered that without any loss in business, their net worth has reduced. Thus it is observed that these people turned to the some specific gambling casinos (which acts as currency exchanger ) and  crypto currency and started sending money out.

I think you maybe have a point dude, as well as the others also have been worried if what might be happening if bitcoin will be officially banned by each of the states, and the worst scenario is that the government maybe would think that people having bitcoins are criminals maybe, because they objected the law. In my own point of view maybe the reason why it could be banned or hopefully not someday, is because they see it as an economical enemy by the government, and maybe they think it could outplayed their system, and adding on those uncontrollable transactions happening. Correct me if i'm wrong.

[JohnBitCo]

No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.

No government will stop it, because they know very well that bitcoin has potential to give boost to their national economy and those who will do this stupid thing they will cut off their development and they will lag in each and every field of progress and no government can do this because citizen know better than government what is best for them and what is not and bitcoin is best,

Government,  even they wish to stop or ban bitcoin cannot succeed because bitcoin can be used online so virtually no government can stop it. And those who tried to stop it or even declared publicly to ban bitcoin, faced massive reaction from the people, no citizen of any country wants the bitcoins to be stopped.     

[joshua10]

they might not be too much to say if bitcoin would still stop them just supporting them so that they can help their users do not know how much bitcoin helps people if they stop it they will not succeed many people lose their jobs and many will be affected so if they do not have a good deal with bitcoin if they stop it then it will be better then they just support them so they can help

[Vastraint]

Government can't ban Bitcoin completely because people will always find some ways to do transactions through bitcoin. But if Bitcoin is termed illegal then it could quite difficult because then it cannot be converted into local currencies, hence no use for the citizens of that countries. Then if they want to use their stored their Bitcoin the only possible way I can see is that shifting to a country where it is legal and then converting into Local currency

Hmmm. I dont think they can ban bitcoin completely the bitcoin because they will pushed people into pressure and make it illegal but because people are slowly having an awareness in cryptocurrencies and its underlying potential in the financial imfrastructure. They might be able to hold it for a little while but not longer. Have you seen china ditching out cryptocurrencies but announce that they will make their own?
Some are just afraid to lose thier crown in controlling the money of people.

[ronafurw]

I don't think government can stop bitcoin in the coming years but I do think they will soon have a share on each individuals who use bitcoin to gain profit, especially when they pass a law to tax bitcoin users. Also if I were to based it on my countries condition, bitcoin has not yet caught their attention or any other digital cryptocurrency that is available around the world. 

No one can stop bitcoin if they cannot stop torrents and people from downloading movies and video games or from streaming their favorite shows, then they are not going to stop bitcoin, people think of governments as all powerful and while they are powerful there are things they cannot stop and bitcoin is one of them and I’m sure they have realized that.

That is actually the matter of fact. No one can demolish bitcoin even you are talking about governments as well. They can control the people for using software, playing online games and streaming videos and much more. As long as internet and computers or laptops are here in this world, nothing can make bitcoin disappear from the crypto world.

[coin_1122]

If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.

[rayneh]

If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.

No one can even try to ban bitcoin as china tried there people come against china. Now bitcoin is local in china because bitcoin having ability to do something different in your life. So i'd like to say that we should be forever with bitcoin. Because bitcoin is a opportunity provider to people which is best quality of bitcoin let's see the best price of bitcoin and go for holding some bitcoins.