Maybe governments can stop bitcoin after all

[chichigirl]

They cannot stop the decentralized transaction. Afterall, bitcoin is very popular in other countries, how can a government may stop something that is very useful and important for the benefits of others.

Why don't they focus on the economy, crime and corruptions that are happening and not with the issues about someting(bitcoin) that is useful.

[Kotone]

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.

It really can't be helped if some governments might make Bitcoin illegal as there are really transactions that make everything more shady when Bitcoin is involved. It is very dishesrtening to see a technological innovation being used or wasted but the end point would always be that Bitcoin is depending on who uses it.

[Sled]

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

[legendbtc]

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

Yes, I agree with you but there are many other sectors showing interest towards the Bitcoin and started legalizing the Bitcoin. The government is understanding that Bitcoin and Blockchain are future trends where we can secure the transaction for transparency.

[kahei626]

not very likely to happen, as there are too many stack holders

[Wingo]

It just kills the decentralization of bitcoin because the government can now limit its use. It is sad that some government are just too corrupt to not give the people the freedom to use crypto currencies. Many people are successful with trading and investing in crypto currencies and I don't think that crypto currencies are a threat to a country's economy.

[BitcoinPC]

Governments have all rights even on internet. Yes they can ban / stop bitcoins by blocking all sites. Most of countries ban bitcoins because governments gives order to them. I hope they realize their mistakes and unban the bitcoins. Maybe now or later, every government will realize that bitcoin is non-stoppable and all their efforts to ban the bitcoin will be in vein.

[HalfDeck]

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

Yes, I agree with you but there are many other sectors showing interest towards the Bitcoin and started legalizing the Bitcoin. The government is understanding that Bitcoin and Blockchain are future trends where we can secure the transaction for transparency.

Only Blockchain, I think Bitcoin not useful with the government, a currency can not control by anyone never become an international currency as our hope.

[MAbtc]

It just kills the decentralization of bitcoin because the government can now limit its use. It is sad that some government are just too corrupt to not give the people the freedom to use crypto currencies.

This should all have been expected. Bitcoin and cryptocurrencies don't necessarily threaten a state's ability to issue money, but they can potentially reduce a state's monetary control if their values continue to climb. This won't be the last time that a government places massive restrictions on cryptocurrency, especially with regard to authoritarian governments like China.

At the end of the day, even if they ban mining and block the network itself, there will always be non-internet methods and VPN to sync and publish transactions/blocks. But it could be a major deterrent to Chinese investment.

[Panda Trump]

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.

Okay... And now the English version of what you just said?

Regards,
Trump

[John Wick]

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.

It really can't be helped if some governments might make Bitcoin illegal as there are really transactions that make everything more shady when Bitcoin is involved. It is very dishesrtening to see a technological innovation being used or wasted but the end point would always be that Bitcoin is depending on who uses it.

Despite everyting, I still don't believe that governments can control or stop bitcoin after all of the actions. They can only limit the usage of it and trades. The rest will be decided by us.

[amaral1977]

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 price is almost all derived from speculation. The real use cases, This forum micro economy, blackmarkets and a few other can hardly explain this price level. So as a purely speculative asset it will be seriously exposed to this kind of pump and dump based on news, even irrelevant ones.

"goodbuy, i´m tired of this volatility"; "did he say buy? everybody buy, buy,buy!!!" ; "what the hell?"; "huh sell?,  "shit let me dump everything before he does!!"

[BunnyShibe]

Governments have all rights even on internet. Yes they can ban / stop bitcoins by blocking all sites. Most of countries ban bitcoins because governments gives order to them. I hope they realize their mistakes and unban the bitcoins. Maybe now or later, every government will realize that bitcoin is non-stoppable and all their efforts to ban the bitcoin will be in vein.

yes they can that is a fact, but i do not think that they will, because bitcoin is becoming more popular and it is now become the need of the people specially the new generation who are giving more importance to online currency as compare to fiat one. i think that it is also the need of the day therefore i am sure that government will take a very positive steop toward bitcoin and will surely make bitcoin as legal currency just like japan.

[Afnan_faizah]

The government will never stop bitcoin,  they do not have choise, they have to adopt butcoin as payment methode. Bitcoin is much better than any fiat, also the economic sectir will grow faster if people use bitcoin.

[BitcoinPanther]

The government will never stop bitcoin,  they do not have choise, they have to adopt butcoin as payment methode. Bitcoin is much better than any fiat, also the economic sectir will grow faster if people use bitcoin.

I agree government will have difficulty in stopping Bitcoin.  Aside from that if the government wanted to stop Bitcoin, they need to shut down the internet which is impossible since there are lots of transactions and information that are using the internet.  Beside the government itself will be affected once they shut down their internet connections.  For example, China had been hostile to Bitcoin but they always fail when they attempt to stop their citizen from using Bitcoin or banning bitcoin.

[_Dawid_]

It is very unlikey, to do stop for Bitcoin globally. Bitcoin use blockchain technology which guarantee independence and autonomy for its measures.
That's why the Bitcoin price is so high lately, it is one of the key features that this currency offers to its users.
Of course if any of goverments would like to stop Bitcoin or any other crytpo currency he would be able to do it.
With huge efforts but it is possible using the law and many punishments due to  stop BTC.

[faceoff97]

There is no denying that government may affect the current state of bitcoin, government has no control with bitcoin but they have the control with the users. Once they decide to ban it probably investors and holders would stop also , thia is how the government regulate the crpytos. But the fact that banning bitcoin is a hard thing, government woukd have a difficult time regulating it (They have to cut all internet connection to ban it). Though government may become a factor of rising and dumping, bitcoin is still not dependent on government. Bitcoin would still go on and continue its right track. They can stop but they would really under go a really really tough and hard times.

[DrGuns4Hands]

bitcoin is a decentralized currency so i think that government could not stop bitcoin. maybe government can banned trading but still there's a lot of ways to do trading you can't stop what is meant to happen. bitcoin is our destiny that's why im keeping all my bitcoin on my wallet and holding it till bitcoin reach my asking price per each bitcoin.

[Sled]

bitcoin is a decentralized currency so i think that government could not stop bitcoin. maybe government can banned trading but still there's a lot of ways to do trading you can't stop what is meant to happen. bitcoin is our destiny that's why im keeping all my bitcoin on my wallet and holding it till bitcoin reach my asking price per each bitcoin.

Even bitcoin is decentralized they can still stop bitcoin because you know that the demands are coming from the people from different countries and because of those people there is a demand in the market that dictating the price because the whole market is depending on the demand and supply and once the governments will ban bitcoin from their country then the demand will be gone and bitcoin will stop from its position and it will slowly go down.

[jaysabi]

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.

First, the premise is flawed. A law that outlaws exchanges is the opposite of "irrelevant." This is a risk of Bitcoin. There is no regulatory landscape, and as one emerges, some countries could take a hard stance. It's perfectly understandable that people liquidate BTC after it becomes extremely difficult to exchange fiat, or illegal. It's a risk people need to consider.