Maybe governments can stop bitcoin after all

[bs9]

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.

Most of governments never want to cryptopia currency any country .If they agree and legal to their country they didnot get huge tax and face a problem in economy.Developed country already agree and legal there country but its some country and most of country use bitcoin or any other coin illegal.

[Kahoy01]

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.

Do you think that the government has a power that can stop bitcoin? I believe that all of us are aware that there is no organization, group or even government that can stop bitcoin. I can say that the bitcoin is unstoppable.

[rfouziha]

Government of any country cannot stop bitcoin after all. Cryptocurrency is invented for its won identification which cannot be traceable and you don't know who is having how much which give the investor freedom to grow independently. Till internet is available in the world no one can block bitcoin. Technology is the key power of cryptocurrency it cannot be banned.

[quantumcomputing11]

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.

Sure some may dump and move on some see the bigger picture and are holding on for that. If you live in a 3rd world country and got in early yeah you can get out and retire but for the rest of us that simply can't happen yet. Also I doubt the government's come together and crash bitcoin it would mean that they would have to see eye to eye which has never happened in human history. It is possible but I put it at improbable.

[aeternus]

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.

But that only makes icos illegal, that does not ban crypto in itself, that just means that the developers cannot expect to get millions of dollars without having anything ready, if they want to obtain money they are going to need to do it by supporting their coins creating giveaways and creating support for their projects, I like it, this way we are going to see better coins and not just attempts by scammers to make a quick dollar.

[mardaed]

I feel government can stop bitcoin with a choice of stopping it from mainstream activities. The technology of crypto currency is really beneficial as there is money on it. Government may try to put some limitations for trading and exchanges. There is a tremendous growth in bitcoin.
World is enjoying the profits of bitcoin including the bankers do keep interest.

[YTBitcoin]

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems  and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

Yes, the governments are afraid of their economies but they are seeing bitcoin only from one side and are only worried about the banking system of their state but on the other hand, bitcoin is modernizing people and giving them opportunities. It can help people to improve their financial condition so indirectly bitcoin is also helping countries to improve their economy but the governments can't see it.

[poodle63]

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.

Do you think that the government has a power that can stop bitcoin? I believe that all of us are aware that there is no organization, group or even government that can stop bitcoin. I can say that the bitcoin is unstoppable.

Yes it is. Remember the bitcoin pegged into the centralized site. that means if the bitcoin can stand without exchange site. As the decentralized exchange population is very low rather than the centralized exchange. The centralized exchange was following the government's rules. It may become a very bad part in crypto.

[mornabo]

Bitcoin has been banned in some countries but it still grows. In a way, it helps the developed nations, so many countries have adopted it. People can join it even though it becomes illegal because it is completely in the dark and nobody knows you. So Bitcoin will continue to grow despite the hindrance of government and banking

which country has adopted bitcoin? which I often see is that many countries still prohibit the use of bitcoin, yeah bitcoin grows and more popular but it is true that many people are increasingly hating bitcoin due to the development of bitcoin, and the government may give bad rules on bitcoin

[Charisse1229]

They are not banning the Bitcoin just they banned only ICO's because it may create lot of panics in the governments already there is big rumors about China. Definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems. Unless the Bitcoin's community is threatening the world's economy and the tax of the government, there is no reason to bans Bitcoin if they can tax the Bitcoin's user

[Napole0n]

The government can certainly stop bitcoin at any time, but this will never reduce or stop bitcoin, a simple example is china which is the biggest user and government banned bitcoin but does not reduce bitcoin performance at all.

[Hxyro]

The question is could they  REALLY stop the community or its holder from using bitcoin? xD
there'a a lot of ways from hiding it xD  Bitcoin is already proven back then that its not  good because of its anonymous transactions can be use in black market or any other illegal thing yet is still Popular until now xD

[waynechong1995]

I think so far governments wouldn't have control against crypto as long they stays on blockchains, decentralized. Yeah it's possible for for governments to make massive ban on owners with clarification along with severity of audition towards fiat/crypto platform services providers. People are picking up confidences on crypto even though they are exposed to risks of being illegal, you can't kill the network transaction could still happens, even one day let's say a massive trial go against exchanges or like bitcoin developers and price's are gone. Still crypto in general would just simply goes on and up & downs and continue.

[fuer44]

I think the government has no good reason to close bitcoin. so far, bitcoin doesn't have a bad effect on the government. so, before any case concerns bitcoin, I don't think the government can ever close the bitcoin.

[zhelis74]

I think the government has no good reason to close bitcoin. so far, bitcoin doesn't have a bad effect on the government. so, before any case concerns bitcoin, I don't think the government can ever close the bitcoin.

On every issue that i have hear of why some government did not go for bitcoin is because they say bitcoin is an accessory of criminality and i think that is not the reason, since we ever know that anything about money can be a source of criminality if it is abusively do. Bitcoin is really a big help of almost all practical people around the world, we earn it and spend time and effort or generally we work for it and so the reward is the bitcoin and then is there anything wrong with that?

[BabyBoss]

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems  and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

[medsi2]

In my opinion Bitcoin (and cryptocurrencies in general) can't be stopped by governments. I like Decentralization for THIS REASON!
Maybe governments will get involved (or they are already involved) in controlling exchanges, so I believe that decentralized exchanges and Anon Coins will have a bigger portion of marketcap in the future (for avoiding taxes and incomes.)

[mikel00]

no i dont think so bitcoin can stop by the government because bitcoin its not illegal

[Sled]

no i dont think so bitcoin can stop by the government because bitcoin its not illegal

Bitcoin can be and cannot be illegal in some particular ways. One of the perspective that we can see that bitcoin is illegal is when they are using bitcoin to do some illegal activities like buying and selling drugs, firearms and other stuff that they can transact. Government can just shut down bitcoin if they want to like making a law against bitcoin and banning it. But as of now, it is not happening because most of the governments are looking at bitcoin as a potential opportunity for their country.

[warr1979]

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems  and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

The government know Bitcoin, they knew it since the price of Bitcoin reached at $1,300 in 2013.
I can be sure that for my country, because I don't know the government of other countries!
And of course, if they have enough power to manage the Bitcoin users, they will take advantage their power to tax the Bitcoin's user as soon as possible.