Maybe governments can stop bitcoin after all

[megynacuna]

Sometimes I'm confused with the attitude of the government, if bitcoin is useful for its citizens why many countries are banned. although the government knows that bitcoin is a threat to fiat money, it is time to give clear rules that give us certainty.

 That is the problem, because if they regulate bitcoin in any particular country then it means we have handed oyur finacial freedom back in their hands , the very freedom bitcoin seeks to bring us. They will centralize it if they get the chance and with that happening then we are better off using our good old fiats.

[katiecbell]

I doubt it, government can't stop BTC. They have no control in every digital currency. They cannot trace the person behind for every transaction unlike with banks.

Governments cannot stop anything. Honestly, they try hard, pass thousands of laws, and make cop departments for forcing the laws but still the crime rate is increasing. If we look a little deep into this matter, we find the some politicians who are also involved in wrong doings.

Smuggling, killing, human trafficking all are serious crimes but no one is able to control them. Similarly, no one can stop a person from what he plans to do and we cannot control anyone’s internet usage also. Pus, BTC is a good thing.

[Sled]

I doubt it, government can't stop BTC. They have no control in every digital currency. They cannot trace the person behind for every transaction unlike with banks.

Governments cannot stop anything. Honestly, they try hard, pass thousands of laws, and make cop departments for forcing the laws but still the crime rate is increasing. If we look a little deep into this matter, we find the some politicians who are also involved in wrong doings.

Smuggling, killing, human trafficking all are serious crimes but no one is able to control them. Similarly, no one can stop a person from what he plans to do and we cannot control anyone’s internet usage also. Pus, BTC is a good thing.

It is different from the law for the outsider and law of their country. It is true that some of the laws that they made is not being followed by their fellow politicians but if the law is about something that they cannot hurt themselves and that is why they can stop bitcoin because no one can get hurt by that and the only thing that they need to do is to be against bitcoin. So they can easily stop bitcoin.

[nambunamba]

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.

i agree its hard to be stopped. but if all country declare bitcoin illegal, i wonder what will happen to the market value. what makes goverment cant stop the coin is because the technology that cryptocurrency had such as blochchain . k still believe the future of all of thing related to business is this technology.

[rainezerr401]

Government is really capable of manipulating bitcoins in their country and it will be really hard for everyone if this government departments will vote to shutdown bitcoins in the country, With that cause a lot of company will fight to get bitcoins back to running.

[julzcoinbit]

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.

i agree its hard to be stopped. but if all country declare bitcoin illegal, i wonder what will happen to the market value. what makes goverment cant stop the coin is because the technology that cryptocurrency had such as blochchain . k still believe the future of all of thing related to business is this technology.

I think the government will not stop bitcoin, now bitcoin is slowly get involve in society. Just look at the government of the country of Japan they made bitcoin legalize and they are the proof that bitcoin will never become a threat for a country and bitcoin will become a huge help for them and that is why not all the government will banned bitcoin.

[doomloop]

Well, I think how many people are helped with bitcoin especially for those who have lost their jobs or unemployed people, they are helped by having bitcoin to meet all their financial needs, and many positive things that bitcoin produces, of course it would be very harmful if the government forbids bitcoin, if the government prohibits the bitcoin it will affect people who hold their bitcoin, they will lose the source of income they have been living, it will certainly have an impact on the increase of unemployment in the country

every government of a country does have such a capability, like china, they even had time to make an effect on bitcoin prices. well, but I think it would be very loss if doing that. although I can, but I think it would be very much harmful to people.

I agree, Bitcoin has been once declared an illegal even by china themselves even though they came out later to say the news wasn't accurate but did that stop bitcoin from thriving. Government cannot do anything about that ,they have to take proper notes of different economy,first of all cryptocurrency is decentralized and government centralized they cant control it over.

Well for something that doesn't have any real form, it will.be hard for governments to stop it. Even in china, i don't believe that bitcoin isn't being used. There probably are still a lot of people working around that ban and continues to trade.

The value and the importance of the bitcoin is high and you are right is not possible to make the bitcoin unused anywhere so in china the bitcoin is being use and the importance of the bitcoin will be more than this in few coming years, it is not good for the people only but for the government as well so I think the government will not stop the use of the bitcoin in the country at all.

[BartS]

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.

While governments in theory should worry about the well being of their populations, at the same time, they are going to do everything to ensure their own survival, if they think bitcoin is bad for them, they are going to try to ban it, even if for most of the people that have invested in bitcoin, the experience has been positive thanks to the big earnings they got out of their investment.

I think it's impossible if government can stop bitcoin because bitcoin has contributed many things already. The money that it has from crypto are being distributed from different sectors considering the small entrepreneurs which give them hope to build a better business and help industries. I don't think can still stop that because some entrepreneurs can definitely recognized bitcoin as a source of success and that moment, governments will change their minds.

Even if it is impossible for governments to ban bitcoin, they are going to try, and they are going to do everything in their power to stop something like bitcoin, bitcoin is a direct competitor to two of the biggest organizations of the world, banks and governments, and I do not think they are ready to lose a great part of their earnings simply because a new technology appeared.

[game-protect]

If a country or if several countries will declare ICOs as illegal, the providers will simply start their projects in jurisdictions where it is allowed.

Many governments declared online gambling as illegal or regulated it and there are still million of people doing it. You can not stop a decentralized and worldwide system like bitcoin with declaring it as illegal.

[btcprospecter]

When bitcoin wasn't well known governments didn't think much about it now it is one of this centuries hottest products and has received alot of attention they will see it as a revenue stream they are missing out on and will want their slice. If more and more make ico illegal we will just have coins we have in the market.

[yohan09]

Im totally confused with this kind of topic, because mostly people agree's bitcoins will last because of its features and significant used for everybody, but in my opinion im still worried that if the Government will pursue their best to find ways to counter act bitcoin users because of its uncontrollable issue may be there's possibility to realize. There's a lot of programmers and developers who had amazing skills that could be helpful to do it.

[tamanegi]

There is a possibility thet government can stop it, but as of this present moment there is nothing seen to require regulation. The bitcoin expert says that the report ends with a cautious note that this could change.

[noictib]

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.

You are saying about the bitcoin ban that is already regualted and legalised in many countries and many of the countries who didn't legalised yet are looking to legalise Because they know exactly that they can make rules to not to use bitcoin but still they can't stop people to use bitcoin transaction with the help of the internet connection.
Here in my opinion if bitcoin ban happen in my country then surely I will never sell.my bitcoin Because I know that I am.safe with bitcoin Because the people in the another countries have much demand of the bitcoin where bitcoin is totally legalised. , So what may be the descion by the government of the country , we will still use bitcoin for our profit .

[bambazamba]

At some point, Yes it may happen because when the government is unable to track the transactions and starts facing shortage of funds due to wide usage of Bitcoin it may be a necessary step for government to impose a ban on Bitcoin and sites which help in the transactions of Bitcoin. But as we know Bitcoin is a decentralized currency, so stooping its usage will be a difficult process.

[barabarian1]

actually, no one people get harmed by bitcoin. bitcoin price control by us, by market order.
if someone say they loss because of invest in bitcoin, its their mistake.
government can stop it by banned all site and exchanger in their country

[GardenRose]

Basically request material have a hard time obtaining the government to stop the bitcoins. Particularly now it's a strong one. And lots of individuals remain faithful into it. And also the only feasible thing to do to have it completely unlawful is that if it's something wrong do. Are going to the example is nov banks. And should this happen they'll most likely stop. But it still cannot be terminated.

[anelenaniku]

Sure it can! Bitcoin is traceable and also miners are a weakness that a government can use to destroy the bitcoin. If a government want to stop it will stop it.

[tam31]

They can and they have the power. If they fine people for using bitcoin and that you could get arrest. Not a lot of people will use it, because sometimes people want no trouble with their government.

If all the country's in the world work together bitcoin would fall to zero in less than a week, because bitcoin needs people otherwise the price would fall down.

[a4techer]

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.

I dont think that government can stop bitcoin because bitcpin was a international cryptocurrency that even government cant stop the continuously upgrading, promoting all cryptocurrency just like now many investor was waiting and waiving for the time to invest in any altcoins so that many of users was cant agree to that plan of government.

[Trela]

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.

I dont think that government can stop bitcoin because bitcpin was a international cryptocurrency that even government cant stop the continuously upgrading, promoting all cryptocurrency just like now many investor was waiting and waiving for the time to invest in any altcoins so that many of users was cant agree to that plan of government.

Currently, the Bitcoin community is still small and if all the government cooperate to kill Bitcoin (stop it), they can do that because they can stop provide electric for Bitcoin miner => The worker to confirm the transaction of Bitcoin will not have electric to run the mining farm => No one can transfer/receive money through Bitcoin => Bitcoin dies.