Xester
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March 20, 2018, 10:55:31 AM |
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And it will remain so for a long time. No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely. That would be the end of free world we know.
Losing the internet will cause a tremendous breakdown on the world of economy. Since we are already on the digital age, transactions are done online including banking transactions. Much of the business including hotel accommodation, stock market and almost everything uses the internet. If the internet will be banned that would cause a huge losses to almost all countries especially the first world countries. Bitcoin holders will suffer also a huge impact and great losses if that happened.
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Notcalculator
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★Bitvest.io★ Play Plinko or Invest!
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March 20, 2018, 11:02:53 AM |
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It would take an international effort to 'crack' it. As they have to target exchanges and miners from all over the world. Also, currently, there is no incentive to "cracking" it. Governments are reluctant to ban as it could play a crucial role in the future. Killing it too soon could put them at a disadvantageous position.
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ciciteng
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March 20, 2018, 11:04:58 AM |
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The only one of weakest point of Bitcoin is the user. Bitcoin designed to be unbreakable. Not with the current technology of course. We heard a lot of hacking and stolen Bitcoin, but they are not exploiting the Bitcoin bugs, but exploit the users and their infrastructures.
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shezu007
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March 20, 2018, 11:09:41 AM |
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They will never tackle it. Since they likewise can not crush every one of the PCs on the planet in a moment since it can harm every single existing system. The main thing they can do is battle through denials and controls to propose their own answers Or they will attempt to modify and gradually accept it exists in different ways. In a few nations the state lawmakers don't care for the difference in a run of law since they will keep business as usual bravo as well, however in the event that there is a mass in the basic they won't have the capacity to stop, at that point they will endeavor to adjust rapidly to comprehend the circumstance and seeing where there is an open door for them.
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xidireti382
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March 20, 2018, 11:15:50 AM |
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agree with this opinion so now the government and impose restrictions because they can not control bitcoin
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jona
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March 20, 2018, 01:14:26 PM |
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Despite impossibility to crack bitcoin,the Government are pushing In other to fight and effect a ban on bitcoin the Government have term bitcoin as a fraudulent investment including other cryptocurrecy
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Mohamme
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March 20, 2018, 01:21:19 PM |
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Indeed there is no any technology can decode the bitcoin, but I still worry for the future of the bitcoin, because of the high speed of quantum computer operation may be able to understand the private key of the bitcoin, so this is the biggest threat to the bitcoin.
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bolbau
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March 21, 2018, 02:04:54 PM |
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even if every country ban and make bitcoin as illegal payment or assets, i think the bitcoin will not die easily. while there is still demand and it is profitable, anything can be done. we can analogy like drugs, almost in every country, drug abuse can be punished, but the drugs transaction keep running until now. so bitcoin will not die completely, but will move secretly in black market
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taxmanmt5
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April 05, 2018, 05:36:23 PM |
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Bitcoini bans are a very difficult situation, but they are easier to legislate by countries, but a few countries seem to prefer to ban Bitcoini as a game of cheating, but that is not the case, I think these countries will understand them for a short time.
But i don't think government would stop they'll surely make some policy in future to take it down ,like tracing IP for those who is using bitcoin's wallets or blocking some wallets sites.
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sarajahon
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April 05, 2018, 05:46:08 PM |
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That is why we must make bitcoin independent from tracking
Yes, Bitcoin and other cryptocurrencies are blooming in the market.
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taxmanmt5
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April 08, 2018, 02:55:00 PM |
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And it will remain so for a long time. No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely. That would be the end of free world we know.
True there's no way to take bitcoin down even government can't ban bitcoins. That's the main reasons why bitcoin is growing and increases amount the users. People know their money is in safe hands they believes wallets more than banks because they're not paying highly tax to government.
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Vladv26
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April 08, 2018, 07:01:00 PM |
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That could be a strength but dont be that sure that governments cant take bitcoin down. Remember that governments dont have to ban bitcoin to stop it. All they have to do is to spread some official rumors on the internet and why not on TV wich is going to make a lot of people stop using bitcoin and selling everything they have for a small price. If the president would make such an announcement agains bitcoin I am sure the price will drop more than 50% in just a few hours and then fo even lower.
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WootenMayo
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May 28, 2018, 10:12:25 AM |
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Strength of bitcoin in the great prospects of technology and different ways of development.
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bitcoinjasensatom
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May 28, 2018, 10:28:02 AM |
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Strength of bitcoin in the great prospects of technology and different ways of development.
The greatest advantages in Bitcoin make it incredibly well such as no third-party seizure, no taxes, no tracking, no transaction costs, no risk of charge backs and most of all Bitcoin cannot be stolen. And with this I think nobody can crack it.
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HelenS
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May 28, 2018, 10:33:41 AM |
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I trust bitcoin, but nothing should be taken at faith value. Maybe in the distant future there will be even crackers of BTC, who knows.
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mineko
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May 28, 2018, 11:45:57 AM |
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it also has a point, because the internet network is still turned on, it's even better
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HaddenChapman
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May 28, 2018, 03:55:25 PM |
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And it will remain so for a long time. No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely. That would be the end of free world we know.
They can not possibly ban bitcoins, they can harm it in different ways. But Bitcoin is way ahead now, the government knows how people will react to this sudden change or ban on their trading procedure.
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badakjawa
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May 28, 2018, 04:14:59 PM |
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if without government, I think that the crypto world will be more free and uncontrolled. I admit that if without government, the crypto market will persist and be high, it will even explode to the highest peak. nothing can affect bitcoin.
but standardization to control the crypto market is necessary, regulation and adoption can make bitcoin more stable.
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MilesEldwin
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May 28, 2018, 04:17:27 PM |
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And it will remain so for a long time. No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely. That would be the end of free world we know.
Of course, they cannot crack Bitcoin, today or in the near future. Coins like TAU, BTC, ETH are way successful at the moment, and the users are addicted to using them. They can cause severe damage to it, but banning is not possible.
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Dmitry.Vastov
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May 30, 2018, 08:23:22 AM |
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And it will remain so for a long time. No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely. That would be the end of free world we know.
No government or no country can ban bitcoin globally. Bitcoin is self governing crypto currency and every country can ban bitcoin from their nation only , no country can ban its international use so person can own bitcoin in any nation but cannot use domestic exchanges for transactions but I don’t think this is the biggest advantage because of lack of authentic governing body the illegal use of bitcoin has been increasing day by day and for stopping this bitcoin needs to be legalised world wide.
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