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Author Topic: Who wrote the rules for bitcoin  (Read 433 times)
bubblebit
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October 30, 2017, 08:37:29 AM
 #21

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

They’re trying for sometimes now, as well as more propaganda’s for the public supports them but the end result is most of the people just ignored them and move on. Most investors now are earning much more than the banks that they supported for a long time. They have acknowledged that this officials are getting richer and richer while they’re investments on banks are not profitable as they have with bitcoin.

This laws will not hold the public from doing what they want as democracy is the main slogan of most country.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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October 30, 2017, 09:33:41 AM
 #22

I'm sure banks will want to stop the spread of bitcoins, but there is nothing they can do about it. They can only go with the flow, but they're still resisting.
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October 30, 2017, 09:40:31 AM
 #23

I am not sure if government in my country can really control bitcoin by bringing out rules but our central bank is already thinking to prevent people from moving into bitcoin by highlighting it as risky.
Strange thing is that our central bank wants to release its own crypto currency to counter bitcoin rise.

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October 30, 2017, 10:55:04 AM
 #24

There no rules set by a gouvernement or by a legislator but the rules in the Bitcoin Community are set by its own users.
The users think that rules will be limiting the users' privacy, because the believe that every single member of this great community can contribute or can be part of a big (project, change, ...).
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October 30, 2017, 09:47:22 PM
 #25

lobbyist with a lot of money and influence dictate the laws at the end of the day

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October 30, 2017, 10:13:15 PM
 #26

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

They can just ban trading or stop accepting it by companies but it is impossible  to freeze wallets or cease them somehow.
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October 30, 2017, 10:28:55 PM
 #27

Well, the creators wrote the rules which they too abide by.
 Those entities and others like them will definitely try on stopping Bitcoin but will continue fail as usual.

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November 01, 2017, 09:04:54 AM
 #28

Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
Bitcoin will always prevail.  Grin They cannot stop bitcoin. Bitcoin is known all over the world if only they can convince all bitcoin users to stop using it then that's the end. However it's impossible.  Grin

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November 01, 2017, 09:32:07 AM
 #29

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

lol no Smiley They might try but they will probably fail. Right now i think Wall Street is probably looking into ways how to profit from the bitcoin price increase. To stop the bitcoin you would literally need to control entire internet. And this would work only until a workaround for the solution would be found.
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November 02, 2017, 08:41:41 AM
 #30

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.
If it could be happened so countries would have been banned bitcoin now but bitcoin is not in control of countries because bitcoin is completely decentralized. Counties can just impose restrictions on exchanges and not they can do more than this. There are so many ways for people to access to bitcoin frequently.

If someone draws rules for bitcoin so I don’t think so that they would be able to implement the rules in real sense and at the end they would realize the fact about decentralization feature of bitcoin. 

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November 02, 2017, 10:23:49 AM
 #31

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

They’re trying for sometimes now, as well as more propaganda’s for the public supports them but the end result is most of the people just ignored them and move on. Most investors now are earning much more than the banks that they supported for a long time. They have acknowledged that this officials are getting richer and richer while they’re investments on banks are not profitable as they have with bitcoin.

This laws will not hold the public from doing what they want as democracy is the main slogan of most country.
As we know that bitcoin is decentralize and still it’s a very big question in bitcoin that who is the founder of bitcoin and from where it’s going to operate and who is going to operate bitcoin so it’s very hard to say about bitcoin who wrote the rules but all is going well in bitcoin because it’s going to help humanity so thanks to bitcoin.

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November 04, 2017, 11:37:00 PM
 #32

Every time Wall Street makes a decision or Banks make a decision it highly affects the rules of the BTC Game.

For example: CME planning Bitcoin Futures is Huge News like no other compared announcement so ultimately Wall Street/Banks have the most influence as well as the FEDS on controlling and manipulating MARKETING for Bitcoin

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