If strong countries in the world decide to stop this market. Can they do it?

[jonathan6655321]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

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[Red-Apple]

the market yes.
bitcoin not a chance.
bitcoin trading no.

and by market i mean the centralized exchanges which should really be stopped and replaced with the decentralized versions of themselves anyways. and that is what any country can stop.
but bitcoin is a decentralized currency and as long as there are peers on the network sustaining it, bitcoin will live on. it can even be traded in a decentralized manner.

[Marileno]

There is no doubt that government will seek to regulate this space quite heavily in the future. Concerns around money laundering are paramount. Basically governments want to know as much as possible about the flow of funds to 'keep us safe'. They will use this scare tactic to push through legislation that pushes BTC underground. It is difficult to see how a BTC type product ever becomes mainstream, especially considering how unattractive it is as a method of transaction (costly and slow)

[nskendrovic]

This is the beautiful thing about Bitcoin. When you buy bitcoins you are taking away from the power of the centralized banking system which is what our current financial system revolves around. Bitcoin's system is decentralized which means nobody owns it or controls it, thus leaving room for innovation and adoption worldwide. It is unstoppable and this is why we don't see them really trying to stop it, because they don't want to make a public mistake and look bad.

[digaran]

Do you mean like they have stopped North Korea from becoming a nuclear power? like enslaving Iranians and then moving in to the country to jump hot Persian girls? powerful countries are not allies, when something could potentially weaken one of them the other ones would support it.
Crypto currencies are decentralized, a country has infrastructures, another country could attack those infrastructures to cause the most damages, crypto infrastructure is a full node, if you could find a way to bring down all of the full nodes you could stop the network, otherwise no.
Satoshi disabled the jump function for Bitcoin, that means no body could jump us like we jump the rest of the world. full stop lol.

[Komandor8957]

I think there is a way, to align the use of bitcoin and crypto currency to fraud. And then, at the first opportunity, people will be imprisoned, after 10-50 cases, no one will be particularly engaged in this. Even on the Internet anonymity is under threat and to calculate who, what and when sold has the opportunity.

[mcb5181]

One guy at work seems to think that the US government can shut down Bitcoin with the push of a button. Every time he says that I explain to him that that is impossible because the network is distributed. They would have to shut down most or all of the nodes to cripple the network even just temporarily. I don't really think that the government has a move here other than to get on board with it.

I figure the only way they could discourage people from using Bitcoin would be to use the IRS to go after people for not paying taxes on gains.

[jc89]

The only thing they can do is to hinder the exchanges in their own country which won't really hurt btc at all. Simply because they cannot influence everyone and there will always be other countries who will support btc and the whole cryptocurrency world. They cannot stop bitcoin as well as the people who are patronizing it. Seeing its potential, people will not just dump their coins just because of some petty power play pulled out by group of people who are afraid to lose a lot from income taxes.

[Flomo]

it might be possible, but on what basis do they do it? by stopping the free market from blockchain they have to have a good reason. because already many people and almost all countries use it.

[Xavofat]

What would happen:

-The price collapses extremely dramatically (at least 90% of the way down).
-The majority of people try to panic sell through P2P means and leave, never intending to come back again.
-Those who care stick around (especially the anti-government types in America and occasionally other countries), but they use mixers illegally and take further steps to protect their privacy.

If they were really adamant to get rid of BTC altogether, they would most likely try a 51% attack, which would be significantly easier because less people would be mining when the price was lower.  In that case, they may be able to manipulate unconfirmed transactions and potentially mess up BTC altogether.

However, this is almost certainly not going to happen.

[Conal Garcia]

Governments have responded differently to bitcoins, ranging from anxiety, fear, to total acceptance, although there is a difference, but all the same is the decision to behave. With Blockchain or Bitcoin and the electronic currency are calculated very carefully and seriously. If all the governments are against bitcoin, we have met the end of the world.

[Discourze]

It's very unlikely they could eliminate Bitcoin entirely.

Though new regulations are coming, there's only so much control they can actually have. Unless they somehow manage to physically stop every miner, there's very little change they can have a finite effect.

Take China, for example, they've made all ICO-related investments completely illegal, yet millions of Chinese RMB are still being invested and hundreds, if not thousands, of people are still hodling their tokens. Could the gov't find out who each of these people is and confront them, take them to jail... Maybe, but it'll take them a really long time, and most people will just go to a jurisdiction that won't be so tight on their rules.

Blockchain is the future because it needs no centralised servers to hold it, it's a free currency.

[jahn_quid]

It's not in government interests to let decentralized applications run unfettered. At the same time, I don't think there have been any full indications as of yet that any country wants to simply stop cryptocurrency or blockchain. If anything, states are trying to understand if they can centrally control it.

[Kakmakr]

Countries can target several aspects of Crypto currencies with strict regulations. <AML/KYC> We see some countries accepting Bitcoin, but they are apposed to ICOs, so they will not ban all Crypto currencies, but rather concentrate on regulating these ICOs. The Chinese government is cool with Bitcoin mining, but they concentrate on regulating the exchanges where currency are converted to their reserve currency.

It is all about money and control, so if you play by their rules, then everything will work out for you. 

[lizardbtc]

it might be possible, but on what basis do they do it? by stopping the free market from blockchain they have to have a good reason. because already many people and almost all countries use it.

I do not believe it is in their interest, because exchanges produce an income and thus pay huge amounts of taxes. When people from other countires register and verify their accounts they can collect that data from people and then track whatever else they might need. The only way some will consider this is because it may threathen their economy or whatever and then you will still have the ways to trade it since some countries wouldn't have problem with enabling people to do so.

[Sar elok]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think it allows a stronger country if the State banned the circulation of bitcoin in his country. The policy of a country depending on who its leader. If State leaders the strong countries resent the bitcoin, they will create a law banning bitcoin in his country.

[Leighton Walker]

Support from the government is very important. In recent years, the fintech industry has increasingly become "blockchain" and many laws have been enacted to encourage development. In addition to Europe, blockchain is almost a goal that Europe wants to build in order to build a system of transparency and sharing of data between markets and organizations in the region.

[saiharden]

Bitcoin is just starting its way. So far, people will be interested in him, stop him, no country can. For society, bitcoin can be a salvation.

[jhache]

All these countries cant agree to one thing currently and theres no way all these countries are going to come together and ban the crypto market. Also even if they ban it, it wont help them as crypto currencies are decentralized and what that means is that no one has control over it but everyone. So even if they ban the markets, it wont work.

[Awraawra]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

it is only the higher officers who can answer this question,but in my opinion if strong countries in this world decide to stop this market,well..i know that they can do it but if our force is very strong they can never do it,because we will fight for our right and if we will tell our reasons i know that they will understand us.

[Lyly Coline]

The SEC has issued three strict regulations for ICO donors to prevent fraudulent practices in this form of investment. Therefore ICO investment in the United States is very restrictive of ICO investment, where individuals wanting to buy ICO must prove they are an investor and their source for ICO investment is legal. This is how the government controls bitcoin. They can.

[Amelial]

All of depens on government also the peole in the country, if they always do btc so  government can not stop.btc

[EvieeHist]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think that even though all powerful states stop in contributing and stop support for the existence of bitcoin I do not think it will have a big effect on the bitcoin nature, the bitcoin article is built not on the will of the state, but it is built on a system that I think is so good, safe from interference from any party including government.
the market will continue to be crowded as long as people still need each other, among developers and corporate investors as well as other support. so that determines the cessation of the crypto market is not a strong country though but the breakup of various parties who are connected and connected in blockchain crypto. it is very unlikely because it crossed the reality.

[1020kingz]

No, they can’t stop this market. Even those powerful countries have their own cryptocurrency, Thus they can’t stop bitcoin but they can regulate the transaction of bitcoin. Around the world many people trading and using cryptocurrency, stopping it would be more hard than regulating it. Don’t be worried your over thinking over things that will not happen.

[wireless1889]

Yes they can in my opinion. Since bitcoin is accessed through internet many people can come up for the transaction or the sites to be blocked in the country. Some other countries already banned bitcoin. But they shouldn't do it though because bitcoin might or will help their community to cope up, bitcoin can lessen the poverty rate of a country in this prior matter and it will help their economic status as well.

[tegarp90]

Which market ?
I think they not able to do that since bitcoin is decentralized, so no one can stop it.

[infested]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

They can't stop cryptos but they can reduce the fiat gateways right now. After cryptos see mass adoption they wont be able to do anything to stop them.

[makolz26]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think that even though all powerful states stop in contributing and stop support for the existence of bitcoin I do not think it will have a big effect on the bitcoin nature, the bitcoin article is built not on the will of the state, but it is built on a system that I think is so good, safe from interference from any party including government.
the market will continue to be crowded as long as people still need each other, among developers and corporate investors as well as other support. so that determines the cessation of the crypto market is not a strong country though but the breakup of various parties who are connected and connected in blockchain crypto. it is very unlikely because it crossed the reality.

Well, if countries such as USA and Japan will do stop and decide to stop the market then the tendency is that bitcoin will go down but let us not think of this thing because it won't happen, so there is no way to be worried about such thing.

[Happydd]

Bitcoin is chosen by many countries in the world. But there are also some strong countries that have decided to stop investing in bitcoins. Perhaps they have recognized the risks in the bitcoin market. This may affect the price of bitcoin compared to the present.

[Baimovic]

yes, the world can do that, if there is no crypto market, then bitcoin will also have no special value. bitcoin will only be a trash that has no benefits.

but I think the world will not to do that, fiat currency is not able to maintain its value, because the value of fiat easily influenced by interests such as politics, the monetary crisis, and also the chaos of the world economy.

so investors and the public will choose bitcoin as a place to invest, transact, and save their money.

[Notcalculator]

If you define stop as it ever reaching mainstream or wide adoption then yes. You make something illegal then it would never be mainstream. Doesn't mean the market will completely disappear. It would still exists underground and places out of the jurisdiction of the party who banned it.

[Sahyadri]

All the top counties together have been unable to stop terrorism, exploitation, thefts, pirated websites, child labour, poverty. What makes you think they can stop bitcoin trading? People will find a way somehow. Even in countries where bitcoin is banned people have found ways to do trading.
So unless there are extremely strict bans in place, nothing can be stopped.

[daarul50]

More and more parties are threatening to ban any crypto activity then the stronger also crypto will survive. Before stopping the better crypto the government stops in advance the long-standing problems such as money laundering, corruption, illegal funding using fiat currency. After they can solve these problems they can only try to stop the crypto market even if the effort will be in vain because bitcoin users will continue to find ways of the various problems encountered.

[Topek3]

if the strong countries try to stop this market i think the other countries where ban this forum will join force to stop this market in the world because the bitcoin are make in internet and will stop using internet . For short bitcoin is make in internet it will be end in internet

[freesia_pnp888]

can you tell me which strong countries?

[aitrading]

Maybe they will try to do it, but in the end no results will come.

[shaikhimoqc]

Only a combination of world powers can stop this market!

China banned the market in September 2017, after a brief dip and then a rally.

The power of a single country can hardly affect the digital encryption money market!

[TheGodFather]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

They can, of course they can. Especially if the majoy countries or the world powers as we call them would decide that they fear bitcoin more than they can find ise for the cryptocurrency market then I know that even if bitcoin is decentralized it can spark a chain reaction that can result not just in the end of bitcoin but for the whole of the cryptocurrency market as well. But, for this it has to be unifoed and to me that is neigh impossible as some are considering the use of this system

[tayogpanganiban]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think they can't stop it,even the strong country,people are already start embracing and adopting cryptocurrency.I think they wouldn't do it because cryptos are made because they want to give good oppurtunity  to the people.

[franciscoDC]

No i think it cant stop the market even if they are the best stronger country in the world,because there are still more country that could support this and probably because of many people who want tosupport this.

[jaymmagne]

Some countries regulates their government to stop bitcoin transactions but it's very difficult for them to stop it right now. Many high influence people have some connections with bitcoin as of today.

[cherry yu]

many people patronizing bitcoin , i think it cannot stop easily the market. in what basis they stop the market? because of fear that it might control thier economy? if specific country ban bitcoin yes... but  stop the market i doubt it. people who are connected in blockcahin crypto will find the to way to acess.

[daenarys_stormborn]

I think the possibility of a very strong country government can remove bitcoin, of course, but it is likely to be very difficult, which may happen is that market prices will fall drastically, due to reduced investor confidence, and the reason for bitcoin is very difficult to remove is because there are so many big companies that use blockchain and bitcoin technology, so it has been considered important for their economy

[7788bitcoin]

The governments around the world could restrict the market and they could ban the usage of banks and their national currencies to trade crypto currencies but the market will move on and if the common people can create this market then we will find a solution for all the hurdles, the most important thing they should understand is that if they legalize things they could monitor the flow of money and if not it will be nearly impossible to track and i think government wants the upper hand and thereby legalizing it will be the only solution.

[gentlemand]

Absolutely no way can it be stopped. To do that they'd have to shut down the internet and all banking.

Can they massively dampen it? You bet. They can do a China and block sites, ban exchanges and order banks to reject anything identifiable as crypto. That's still not going to stop it but it would deter a lot of people.

In time the people who'd been deterred might see that the markets continue as decentralised exchanges improve, private trading platforms get better and P2P becomes the norm and then the deterred get back in at which point the government efforts prove to have been a waste. They've just helped to ignite a market that exists outside government control, has no interest in returning to it and has been thoroughly battle tested to resist it.

[Finestream]

many people patronizing bitcoin , i think it cannot stop easily the market. in what basis they stop the market? because of fear that it might control thier economy? if specific country ban bitcoin yes... but  stop the market i doubt it. people who are connected in blockcahin crypto will find the to way to acess.

Yes.People will still pursue to make an access to bitcoin even if it takes harder for them.I think there's no way to stop bitcoin,unless if the internet will be shut down.All the transactions will not be successfully made.Strong countries may stop the market but bitcoin will still continue.For sure this will bring negative pressures and the price will be affected again.But still people are strong enough to face all these trials.

[jayco25]

The cannot do that to stop market or even use of bitcoin. Like Korea and China they banning some crypto currencies market but still most of players and traders are Chinese and Koreans. Im not comparing bitcoin to drugs but if you know drugs is prohibited but still a lot of users.


#Taklimakan

[Argoo]

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

Of course, the world's leading states can, if desired, greatly harm the circulation of the crypto currency by closing all the possible and under their jurisdiction crypto-exchange exchanges, exchangers, core sites and establishing responsibility for using crypto currency. However, in practice, such association of these states with the purpose of prohibiting crypto currency is hardly possible. In addition, the end of such attempts is difficult to say. People will always have the opportunity to use the crypto currency until the Internet exists and if at least one state allows the existence of crypto-exchange exchanges and exchangers on its territory.