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Millzp0
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October 30, 2017, 03:49:35 AM
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Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

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October 30, 2017, 04:07:37 AM
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Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.

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October 30, 2017, 04:53:15 AM
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I think they would have to consider jurisdiction in such a case because not every state or country abhors bitcoin or cryptocurrencies and so Wallstreet or whoever the power that be can and will only restrict bitcoin if its possible within the area he controls and not somewhere else because we have several other countries that are upholding bitcoin usage like Japan and you cannot absolutely ban bitcoin in japan from the United states.

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October 30, 2017, 04:55:47 AM
 #4

Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

Wall Street has no hold on bitcoins no matter how much they try because it isn't owned by any country nor market. Banks cannot intervene with bitcoins because they're virtually money or profit for them. Laws don't bound bitcoins because it's decentralized and it's just virtually floating in the internet earning more value by the week. Bitcoins today are just unstoppable.

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October 30, 2017, 05:51:01 AM
 #5

Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

Bill Gates says, NO BODY CAN STOP BITCOIN! And I agree with him. Wall Street and any banks don't have the technology to stop Bitcoin. Now, some governments are fighting Bitcoin because they think it's a threat to their financial system. Maybe you're interested to read the following, What could the U.S. government do to stop Bitcoin and why would they want to?

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October 30, 2017, 05:56:39 AM
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Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.
Everyone should keep in mind that there is a difference between "wants" and "can".
Sure they can pass a law to deem Bitcoin illegal but if users are careful and don't tie it to their identity by using an exchange (or using a mixer) then they can still keep using it.
They can't really block every single Bitcoin node. They'd have to block the internet like NK.

   
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October 30, 2017, 06:07:43 AM
 #7

Ok, stopping Bitcoin is like attempting to stop hurricane, we all know it's coming but we cannot do anything.
Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.

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October 30, 2017, 06:18:28 AM
 #8

In my fucking country they trying to stop it. Using bitcoin(or gold) to by a cup of coffee make you go to prison. But you can keep it and tranfer it to money.

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October 30, 2017, 06:25:41 AM
 #9

Ok, stopping Bitcoin is like attempting to stop hurricane, we all know it's coming but we cannot do anything.
Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.
that is a well made answer to this thread topic, yes that is a big check and big fact. He made the rules of bitcoin not the wall street guys nor the central banks they just creating the rules of noise about how bad and negative bitcoin is, that is their marketing strategies just to survive their own businesses for the upcoming years, getting rid of the bitcoin or riding the roller coaster of its sky rocket price just to profit from it. They cannot stop bitcoin for now unless they shutdown the entire internet.

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October 30, 2017, 06:36:11 AM
 #10

Bitcoin cannot be stopped. Bitcoin is running on a global decentralized network of computers and stopping something like that are actually impossible. Governments can ban it's use, but people will still be running the software somewhere in the world, where it is not banned.

The rules are not written by Banks or Wall Street, but by the people running these full nodes to support a decentralized network. ^smile^

Go play https://play.google.com/store/apps/details?id=com.IUPuzzleMatch.WhackARabbit and think how these people might feel about Bitcoin. Bitcoin gets hit and it pops up somewhere else. ^lol^

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October 30, 2017, 06:38:19 AM
 #11

Goldman Sachs Group is seeking to help its customers trade bitcoins and other virtual currencies.
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October 30, 2017, 06:38:50 AM
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While China banned some bitcoin deals, Japan is fast becoming the leading center of the digital money market.
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October 30, 2017, 06:44:11 AM
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At the moment, it seems that "bitcoin" is becoming a keyword that can be guaranteed if a company wants to increase its share price.
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October 30, 2017, 07:21:50 AM
 #14

No one can stop bitcoin currency and its popularity.
Wall street or banks have no right or power to stop bitcoin operations.
Banning something is done by the government of any country.
What Banks or financial institutions like wall street can do, they can build a pressure on their respective governments to ban bitcoins.
Satoshi Nakamoto published a white paper about btcoins at the time of its introduction.
As bitcoin is a decentralised autonomous currency no one can control or manipulate it.
Its rules are already decided by its founders and  its users are following it strictly for the safety of their investments.
Countries like China, Bangladesh, Iceland, Russia, Sweden who feel bitcoins as a threat to their economy have banned it.
But there are countries like Japan, USA, Uk who are encouraging use of bitcoins.
There is a mix response over bitcoin all over the world.

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October 30, 2017, 07:27:48 AM
 #15

I do not know about that, try the others can help answer kah

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October 30, 2017, 07:38:34 AM
 #16

Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

Wall Streets or Banks does not have any final say on bitcoin. No central authority is above bitcoin for that matter because its decentralized. The only thing that nation or government is to put up regulations to somewhat "controlled" the flow of bitcoin in their country. And it you think that someone can really stop bitcoin, then go back last month specially the China news. Yes, the market has impacted, but bitcoin world didn't stop after they ban ICO and put a tighter regulations. See where we at right now, we just hit ATH without the biggest supporter of bitcoin before. So I guess you can have your answers regarding stopping bitcoin.

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October 30, 2017, 07:47:54 AM
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Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
In my country the banks have officially banned bitcoin as well as crypto. This is a determination to stop bitcoin in my country that is a sad thing Sad

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October 30, 2017, 08:05:19 AM
 #18

Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.

almost same here at philippines, nothing to worry to stop the bitcoin, because bitcoin here are totally adopted/accepted and some on us people are totally using bitcoin and gets involve in our daily life. more transaction now are related in bitcoin by our country bitcoin wallet provider to legally allowed us to use bitcoin in our whole country. and the outlook here are pretty positive too.

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October 30, 2017, 08:27:10 AM
 #19

The key word here is decentralization. As to who can be in command (who is writing the rules) for Bitcoin the answer is that nobody is doing it. However, there are developers working for Bitcoin and they are the ones in charge with the upgrading of the network to make it more agile and better responsive to new challenges...this is the reason why we have scheduled forks. In essence, nobody can ever control Bitcoin like a company controlling its assets. And whenever there are attempts to drastically change and control Bitcoin, the whole Bitcoin community is always on standby not to let it happen. And this can also be the big reason why many governments are afraid of Bitcoin because it is really beyond their freaking control and full influence unlike the traditional fiat or paper currency we are using right now where interventions are always done for different purposes.

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October 30, 2017, 08:30:13 AM
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Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.

almost same here at philippines, nothing to worry to stop the bitcoin, because bitcoin here are totally adopted/accepted and some on us people are totally using bitcoin and gets involve in our daily life. more transaction now are related in bitcoin by our country bitcoin wallet provider to legally allowed us to use bitcoin in our whole country. and the outlook here are pretty positive too.
Can't say that if there's none of government's representation stating that bitcoin is officially accepted in your country.
To determine whether a country accept such cryptocurrencies is not because many people use it there, but how the regulation regarding its existence released by the government and there's no sign of "Prohibited/Illegal"

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