Maybe governments can stop bitcoin after all

[Ayiranorea]

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.

Most of the countries have the same thinking when it comes to cryptocurrency. Very few countries has made themselves in a state to accept it, even though they find it highly used for illegal needs. Such a support has helped with the growth of the economy, and following this more countries might provide legal support for bitcoin in the future than thinking about the banning of bitcoin.

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[twostepsally]

Gorvernments can't stop the bitcoin. It sperate one and privates Pearson. So it good to use for the future growth and gather some information from bitcoin. No one can't control this. It will connect the country people. It will connect the country and people gather for the information nand gather future growth. Bitcoin is give opportunity for the improver your self and knowledge. So it good to for the future investment.

[jeanpadel14]

It never happen that goverment stop bitcoin.First of all there is no law violation for bitcoin.And bitcoin helps greatly improve the economy bucause bitcoin we also consider a job specially on people who have no work.Bitcoin give chance to change our life style and support our daily needs.

[JCLee]

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 think the government in the country hardly be able to completely prohibit Bitcoin trading, because the majority of individuals trading BTC through the trading platform, not direct transactions. The BTC trading floors are located overseas, not in the management of that national government. Because simple BTC does not depend on any currency, any country should ban it is difficult to do, unless the BTC no longer exists.

[JTEN18]

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 think the government in the country hardly be able to completely prohibit Bitcoin trading, because the majority of individuals trading BTC through the trading platform, not direct transactions. The BTC trading floors are located overseas, not in the management of that national government. Because simple BTC does not depend on any currency, any country should ban it is difficult to do, unless the BTC no longer exists.

They cannot stop it because they cannot control the minds of many people unless they will banned it in their country just like Korea will do. Korea believes that bitcoin is just deceiving us from transacting money over nothing that is why they decided to banned it as well. But here in our country they don't have plan to ban it in fact they will legalize it here.

[lazaruseffect11]

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 is true that governments in different countries can stop the spreading of the idea of bitcoin in their place. They have the power to ban bitcoin and make the usage of bitcoin punishable by law. The government has also the power to legalize bitcoin because it can help the economy of a certain country to grow more and develop. Also, if the idea of bitcoin is present in a certain country, there will be less poor people because of the capability of bitcoin to help people sustain their financial needs by earning their own money.

[aeternus]

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

The governments have the power to almost stop everything in this world. If all the governments will be together and convinced all of them to ban bitcoin then it will be the reason for bitcoin to stop working and all of the bitcoin users will undergo to a bankruptcy which is the worst case scenarios in the world of cryptocurrencies.

But for that you will need every single country of the world to do the same thing at the same time, and such a coordinated effort has never happened in the history, you must remember that different countries have different needs that is why some countries have banned bitcoin while some others have decided to accept and tax it like it is the case in Japan.

[innocent93]

Even if let's say bitcoin becomes illegal, this doesn't mean that bitcoin and cryptocurrency will disappear, first of all we should look at bitcoin concentrating on the technology behind it, that is what makes bitcoin's value, not just the marketplace.

[Koadharber]

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.

Most of the countries have the same thinking when it comes to cryptocurrency. Very few countries has made themselves in a state to accept it, even though they find it highly used for illegal needs. Such a support has helped with the growth of the economy, and following this more countries might provide legal support for bitcoin in the future than thinking about the banning of bitcoin.

Knowing that each country do have different views depending on the leader who do holds it but I do believe most of them will surely prohibit bitcoin because there are lots of things to be affected on negative way which they did already realize that it wont really be ideal for it to be adopted this is why we do see countries which do really prohibit or even make laws that bitcoin is an illegal stuff this is why adoption do really have its blockage.

[Pendularin]

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

The governments have the power to almost stop everything in this world. If all the governments will be together and convinced all of them to ban bitcoin then it will be the reason for bitcoin to stop working and all of the bitcoin users will undergo to a bankruptcy which is the worst case scenarios in the world of cryptocurrencies.

But for that you will need every single country of the world to do the same thing at the same time, and such a coordinated effort has never happened in the history, you must remember that different countries have different needs that is why some countries have banned bitcoin while some others have decided to accept and tax it like it is the case in Japan.

I think it depend on the leader of the country, that's why other country races stop bitcoin because the leaders they had were greed and don't want their country men to have a freedom of financial stability. All they want is their own pocket to be filled with wealth and not their people's future be filled with blessing from bitcoin. No more reasons to be profound with this matter and all I can say is government could not stop bitcoin because there's no law for it to prevent people have an access through internet.

[androidr]

I think it possibly happen if there are people who abuse Bitcoin that should not be done. If governments together banning ICO like what china does or banning altcoins that possibly can make bitcoin also dissappear.

[Zicadis]

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.

They say there is strength in numbers and if this is the route most countries choose then they are half way their but bitcoin is a new technology that is opening the world to new opportunities and its, for this reason, it should be adopted and not banned

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.

In as much as this sounds scary, its the honest truth and banning bitcoin would prevent other blockchain startups from taking off as they would avoid going the same path as bitcoin.

[Andrianla]

The fact is most governments do not legalize Cryptocurrency. But the government can not remove it because it is a system based on its users.

[posoa]

Governments cannot stop Bitcoin, they are still studying modality where and how it will be of benefit to the government and also to the Banks that is in country where bitcoin is accepted and is been use.. Many countries have actually tried to kick against the emergence of Bitcoin and other Cryptocurrency. The government have known that the blockchain technology was design for self use, and need no assistance of bankers. Government , because of the awareness of members of the public cannot achieve their purpose of stopping bitcoin, they may just not approve the general usage, but cannot stop bitcoin.

[shark69]

I think to stop very difficult, because the circulation is very limited and bitcoin security system is very safe. if the government will stop bitcoin then it takes a very hard effort to do it.

[Joshapat]

Many governments are banned bitcoin, the government is worried that the use of bitcoin can create big problems for the country's economy, bitcoins can not be controlled so that risky to speculators disrupt the economy of a country.

[Blondy12]

there may be some countries that their government may make bitcoin illegal but there more more countries also that the government supports bitcoins. so i can't see the fallen of bitcoins in the future. what i see is that bitcoins will be discuss in the senate worldwide someday, not to make it illegal rather than to make it legal.

[tuanvie]

Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.

[z38630610]

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 government in my country is planning to generate income from bitcoin instead of stopping it. they are trying to find a local name for bitcoin to enter the literature. and then they plan to buy tax on bitcoin. I hope they will not succeed in this.

[Domenc]

Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.

No, What ? ,Who said and what are you reading ? Bitcoin transactions are under observation and they might bring some regulations regarding taxes system for bitcoin but they are not going to ban bitcoin after all they were so supportive for bitcoin in the past and also people were giving reference of South Korea how they have manged to expand bitcoin in their country. South Korea plays a vital role and they also earn much revenue from this system if introduced taxes and will never ban a stuff which helps them to earn them so much revenue.