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altcoinhunter01
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October 04, 2018, 12:16:22 PM |
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I am fully agreed with your opinion that this technology is going widespread acceptance because of its safety feature and no one can infiltrate in its data and it cannot be cracked.
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bce
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October 04, 2018, 01:08:38 PM |
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They don't need to ban it directly to outlaw it. What if fiat money made off of selling cryptocurrencies were declared illegal? Even if you had billions of bitcoins, they would be worthless because you wouldn't be able to cash out legally.
maybe in my opinion the power of bitcoin lies in its own investors not to anyone if indeed bitcoin has become legal and official in a country and government may be bitcoin has the power that will protect bitcoin itself |
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bitalk1
Jr. Member
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Activity: 1494
Merit: 3
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October 04, 2018, 02:11:35 PM |
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All that is made by man can also be broken by man.
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mmo_online_1981
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October 04, 2018, 02:22:41 PM |
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Bitcoin can not die if the community is still in use, Prohibition by the government and organizations can only slow down the development process, can not kill peer transactions
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neilshetty
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Activity: 42
Merit: 0
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October 06, 2018, 01:03:17 PM |
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I believe and agree that the power of bitcoin is so strong that even nobody can break it, even governments can not easily ask what they want from bitcoin, which is why they are so angry about bitcoin, even if they do not accept it there are still many people from the country they are taking bitcoin on the internet. But in theory, quantum computers can crack the BTC algorithm. In fact, the actual trading method of the BTC may be broken!
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pat4cryptoreal
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October 06, 2018, 01:16:04 PM |
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The Government, organization or individuals can not stop bitcoin and blockchain at large instead they are joining us. There was a time we heard that facebook will block cryptocurrency ADs but now facebook is about to launch it own token. Don't worry bitcoin is taking over.
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dimiinx
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October 06, 2018, 01:48:25 PM |
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Bitcoin can not die if the community is still in use, Prohibition by the government and organizations can only slow down the development process, can not kill peer transactions
the power of bitcoin in my opinion there is nothing strong in fact there is a price that can drop dramatically is it called strong? it won't be the power of bitcoin in my opinion if the price decreases it can stabilize again |
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iamaruf
Sr. Member
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Activity: 1064
Merit: 265
Vave.com - Crypto Casino
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October 06, 2018, 01:50:26 PM |
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They don't need to ban it directly to outlaw it. What if fiat money made off of selling cryptocurrencies were declared illegal? Even if you had billions of bitcoins, they would be worthless because you wouldn't be able to cash out legally.
But that is what people are failing to understand I feel like. You don't need to cash out once you have all the Bitcoin because you can spend that as currency. Everyday it becomes more spendable yet you want to cash out to the ever weakening purchasing power fiat currency? Yeah right, I will stick with my Bitcoins for the rest of my life, you can do whatever you like  . How you can spend ? if online shop of your country don't support digital currency ( bitcoin ). How you pay your bus,train or taxi fee? if they don't support bitcoin? If government take serious step then it is hard to use bitcoin. In my country I can't buy anything from online via bitcoin coz our country online shop don't accept bitcoin payment. |
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Shresherya
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October 06, 2018, 02:22:47 PM |
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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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oseikuf44
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Merit: 10
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October 06, 2018, 02:24:52 PM |
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So far with bitcoins not possible for hackers to crack and take it hostage is the major reason why it has become a stable money remittance tools which is trusted by all cryptocurrency traders and has proven to come to stay.
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Cassy14
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October 06, 2018, 02:31:04 PM |
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This is the main reason why many businesses wants to adopt the blockchain.
As it is very safe to have now.
Bitcoin together with blockchain will never or difficult to crack.
fast and secured.
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Tangow3
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Activity: 61
Merit: 0
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October 06, 2018, 02:42:17 PM |
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I think they just have to ban the use of bitcoin in their country. And making horrifying punishments for those that do not follow and people will blindly follow the government.
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Treasurer
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October 06, 2018, 02:45:18 PM |
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I believe and agree that the power of bitcoin is so strong that even nobody can break it, even governments can not easily ask what they want from bitcoin, which is why they are so angry about bitcoin, even if they do not accept it there are still many people from the country they are taking bitcoin on the internet. But in theory, quantum computers can crack the BTC algorithm. In fact, the actual trading method of the BTC may be broken!
A technical revolution is impossible to ban. As history shows, the rulers of different countries tried to ban the development of science, medicine, culture, however, they didn't succeed. |
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ongkok87
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October 06, 2018, 02:52:47 PM |
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of course, because bitcoin is a very strong coin in any disaster. so bitcoin is one of the most special coins and can change the future too
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nur rochid
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October 06, 2018, 03:06:34 PM |
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of course, because bitcoin is a very strong coin in any disaster. so bitcoin is one of the most special coins and can change the future too
this is because more and more bitcoiners, so the longer it will be difficult to drive. only through massive news can prices be moved significantly. but at future BTC will move according to the path |
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geminiboy
Full Member
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Merit: 100
https://ammut.network/
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October 06, 2018, 04:03:19 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.
We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future. not all governments hate bitcoin at this time, many large countries have accepted bitcoin as a development of technology for the economic progress of society |
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hubballi
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October 06, 2018, 04:27:08 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.
We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future. not all governments hate bitcoin at this time, many large countries have accepted bitcoin as a development of technology for the economic progress of society No government can ban bitcoin but they can only give rules and regulation of usage of crypto currency or just make it illegal to use it in their respective country. Like what China have done it. |
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cjinny
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October 06, 2018, 05:52:06 PM |
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The power of bitcoin lies in the decentralized coin side (no third party intervention) so all bitcoin holders can manage it independently. Bitcoin also offers anonymous transactions, this can provide benefits from bitcoin holders who want to keep their data private.
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untugede
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October 06, 2018, 06:00:36 PM |
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The power of bitcoin lies in the decentralized coin side (no third party intervention) so all bitcoin holders can manage it independently. Bitcoin also offers anonymous transactions, this can provide benefits from bitcoin holders who want to keep their data private.
yes, so we don't need to doubt investment in bitcoin, bitcoin is a decentralized crypto currency that has a future, and will benefit many people, even if there are some negative news about bitcoin, don't be easily affected and panic. |
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teejayrichard2
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Merit: 12
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October 06, 2018, 06:01:20 PM |
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for a long time now, this issue of government fighing bitcoin has been on but lets face one thing, the bitcoin idea is a really great one which will be of great benefit to both government and individuals. i dont think government will ban bitcoin, they will only look for a way to regulate things surrounding bitcoin and blockchain.
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