Will Governments let Bitcoins and Crypto World survive?

[nizamcc]

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

[jseverson]

Well the major global powers seem to be letting it thrive for the most part. For as long as they're not taking an overly hostile stance against Bitcoin, other governments going the other way don't really pose enough of a threat to its survival. It has proven to be incredibly resilient, fielding bubble remarks from all the way back to when it was worth just a few dollars and even massive Chinese FUD. I'm inclined to think governments don't have the power to decide its survival anymore, and should rather embrace it so as to not get left behind.

We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

There hasn't been any recent bans though, right? The South Korea situation has pretty much stabilized, and I understand there's somewhat of a situtation in India but it doesn't look so bad. These fears of a worldwide Bitcoin ban are largely unfounded.

[jpespa]

Bitcoin or crypto currencies can survive even if government intervenes, unless the the whole world will ban it and how will that happen when other countries have openly accepted bitcoin as part of payment methods aside from fiats? Anyone who are threatened with its existence are the ones who are determined to stop its progress.

[tahmad]

Yes it will, goverment must be allows cryptocurrency. Cause this is the era, the era of cryptocurrency. No one can't stop it except god

[Fuhre]

Some of them will have rules against bitcoin, I'm not sure whether crypto can survive with government intervention that has rules to scare off the communities that use it. should the state forbid having a good reason to ban bitcoin, should they also imitate japan and America. They do not forbid it, it is the government's role in the supervision of bitcoin at this time.

[akkocoin]

Why not allow? Now that the global fear of bitcoin is unfounded, maybe they are also looking for ways to control bitcoin. The illegal trading is because of the anonymity of Bitcoin itself. If we can solve the problem of not being able to trace criminals, I think there will be more people accept bitcoin.

[chiggz]

I believe that they will try to pump and dump to bring it down. Remember that bitcoin only makes up half of 1% of the total investments in the world. When it crosses to 2 - 5%, then it will become a problem. Personally, I believe that if people do it legitimately and extract their money through coin base for example and actually pay their taxes, they won’t have a problem with it.

Also you have to remember that most countries are embracing bitcoin, not the other way around. And we all know a global currency is coming. The government is controlled by the big banks and they will do anything to destroy anything that comes in their way!

[blinchain]

To be sure, many countries are drafting taxation or laws against bitcoin, which means they are ready to formally recognize bitcoin, whether in that form or in their opinion, as long as bitcoin is regulated and it can exist , But we tend to think that when bitcoin is regulated, bitcoin is not bitcoin, and this is where contradictions e

[zeingrind777]

if the ban is only limited to buy goods using bitcoin, I think it is still reasonable to do by the government. because the country already has its own currency and they do not want to lose their currency. after all most bitcoin holders only trade crypto for profit. and it is not considered illegal

[teilwalL05]

I think that government have interest in the way Cryptocurrency works but the way it works they are not the ones that have control over it that is why they think that it can be use in certain illegal ways everyone can use it even the terrorist can have access in transferring funds fast and convenient, that is why they think it is best to have a portion that they can control, Well even though there are some countries that are banning and against bitcoin there are still some that are using bitcoin or other Crypotocurrency and even manipulating its price so they can profit from it.

[Kakmakr]

What choice do they have? If they ban it, it will just go underground into Dark markets or people will transfer their bitcoins to relatives in other countries, where Bitcoin is legal. Bitcoin is also decentralized, so they cannot just stop a single centralized server to shut it down.

If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^

[MikesLeo]

Governments do not encourage bitcoins and crypto world survive for sure as it creates a huge impact for banking industry which is ruled by the Government so Government may BAN or even prohibit the bitcoin or any crypto currency which brings losses for them.

[ehrz22]

What choice do they have? If they ban it, it will just go underground into Dark markets or people will transfer their bitcoins to relatives in other countries, where Bitcoin is legal. Bitcoin is also decentralized, so they cannot just stop a single centralized server to shut it down.

If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^

Well said, governments should never ban the use of bitcoin, instead make a regulation for using it or put some tax. They can use it to add more profits and also they can monitor peoples assets or anything that they own. The governments needs to study it first.

[levvv]

The government should be the one who assure the bitcoin future.
Because bitcoin, their peoples can developed using the blockchain technology.
Knowledge, Business, Education, etc are more easier to reach because blockchain technology

[rizkyhiw]

They are too stupid, banning bitcoin is not a way out for them. This will add a burden to them.
The bitcoin is decentralized, neither they nor anyone else will ever be able to destroy it. should they be able to think positively, for a country with debts, they can invest bitcoin and pay it off.
I think, although the government has a thousand rules that strictly prohibit, people will still use it even if it is against the law.

[care2yak]

i think that they will. i think they're benefiting from it but are just discreet about their use of it. i'm not saying that they're evil, but they're not saints either and if there's a way to get away with a few thousand dollars without having their name tied to a transaction, then crypto is the way to go.

[Hui8]

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

This issue has become real serious in the recent years and it grown like anything when we had the last years boost. Every government was relaxed until that period because they thought it as child play and when the boost occurred last year it shaken the officials all over the globe. That’s obvious becaus they literally never thought that country’s economy will drive towards the crypto currencies in such short period of time.

They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.

I think they are not wrong in their seat. They are not really assuming things but thing like money laundering and terrorism acts do happen with the help of crypto currency. This is golden opportunity for dark side people and they will surely mix things up to survive.

The thing is we need a middle way so that government can agree on that as well as the crypto community can sign the deal with happy face too.

[Ms Emi]

They will.
Bitcoin and crypto society habs been already become a big community with millions of user all over the world,  now ask why those people inside BTC banned countries are still trying and still in to crypto world? Because they know its potential and capabilities, today, government may not fully understand but let's wait for few more years....

[yytcoin]

I think, after all, blockchain technology is so advanced, why the government should hinder their own country progress? Now is the era of information technology development, if the choice of conservative is likely to lag behind other countries, I think the national government has specialized personnel to adjust to improve it, but not yet mature.

[zknight777]

Over the last 200yrs, Private bankers have taken over the supply of fiat currencies.  These are called Central Banks owned by the Rothschild's dynasty.  Any government that created its own currency was a threat to them, so they sent the US (debtor nation) to war (regime change) in those countries (most recently Afghanistan, Iraq, Sudan & Libya).  There are only 3 countries left without a Rothschild owned Central bank (Cuba, North Korea and Iran).  Expect America (Rothschild puppet) to go to war with these countries in the future over some false flag event.  The only thing that may save North Korea from takeover is the fact that is has nuclear weapons, any defenseless country was an easy target.

Nathan Rothschild: "Give me control of a nation's money and I care not who makes it's laws."

Now crypto's come along that are a whole new decentralized currency out of the control of the bankers.  We are at a critical point in history where the Rothschild dynasty could lose control of the money supply.  It will all depend on what the people fight for.  Most are happy living in the matrix, working hard to barely earn enough to survive and after that just want to be entertained, few look to educate themselves.  Central Bankers will not give up control of the currency monopoly for a competing currency (crypto's) that easily.  The Central Bankers in many socialist/communist countries simply push Governments (debt slaves) to ban crypto's.  In democratic societies it is not quite as simple, the people think they are mostly free, not realizing most of their lives are dictated by Government laws (ie. you must be licensed for just about anything you do, you need vaccinations, fluoride is good for you, you must not exceed our arbitrary speed limits, you must pay most of your income in taxes, etc).  However, if Governments push too hard too quickly, people will smell a rat, so they must be calculated in bringing in laws to ban crypto's.  If one Government party says ban and another party says no ban, Governments risk losing power.

Central bankers have a few plays here, they can use bankers who basically have unlimited access to currencies to continually smash crypto prices down to try to destroy peoples faith in them (as has happened mid January 2018), pressure Governments to block crypto's, continuously spread fake news through MSM that they own or position themselves to take over the crypto market as they will be able to do when the Bitcoin Lightning network is released.  What we do know is that they will not stand idly by while their monopoly is stripped from them.

Governments on the other hand do not have a huge incentive to ban crypto's on their own.  They are simply debt slaves seeking power over the sheeple who are also mostly debt slaves.  Governments have been hoodwinked to be debt slaves to the Rothschild Central Banks just as people are hoodwinked into being debt slaves to Banks.  As the Bible says, "the borrower is servant to the lender", the servant (Governments) must comply with the demands of the Central Banks.  Many people think Governments are there to serve them and their interests, but this couldn't be further from the truth, the Governments are there to serve their masters, the Central Bankers and financial elite.

The best thing about crypto's is that is has woken up many sleeping sheeple into understanding what is happening outside of the martix.  All of a sudden, there is a small resistance army forming.  The longer crypto's are left to survive, the greater this army will become.  Can the people take back the Governments and oust the Central Banks, let's hope so?!