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Author Topic: WHAT IF the GOVERNMENT wins over BITCOIN?  (Read 2443 times)
cryptomite
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May 21, 2018, 06:29:24 AM
 #541

I believe winning the fight against the bitcoin can be really hard for the authorities but they try to do everything to destroy the bitcoin like limit its use etc.

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May 21, 2018, 07:20:32 AM
 #542

It seems the government will never be able to control the movement and circulation of bitcoin, free-moving bitcoin no one can control it even though the government has worked hard, the government will never be able to control the circulation of bitcoin.

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May 21, 2018, 07:23:44 AM
 #543

They have the power and authority to do what they want and manipulate people that they are doing the right thing. Our only allies are those countries who are in favor of decentralization so I hope they will dominate those anti-btc countries. As far as technology goes, they can not stop it. The price drop will also be temporary. Bitcoin will always go into all-time highs, without government approval.
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May 21, 2018, 08:05:48 AM
 #544

It depends on the attitude of the government in your country before. If previously the government is very firm and strictly prohibit bitcoin, then the end is user history. it seems the user can not do anything else. If the previous government was very supportive, it would be good news for bitcoin users and enthusiasts. At least the government can impose sanctions and penalties on the fraudsters and invest more safely with government regulations.
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May 21, 2018, 11:12:26 AM
 #545

If the Government wins over bitcoin: I think the government will issue strict regulations on the use, ownership and sale of bitcoin. It is possible that the government will suppress the development of bitcoin as much as possible.
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May 21, 2018, 11:16:03 AM
 #546

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind? Undecided

It is not possible! There is no government, companies or person who can defeat bitcoin. The life of the bitcoin depends on its users and I am sure that the users will not let bitcoin die.
samiul12
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May 21, 2018, 11:18:06 AM
 #547

I think government should not bother about bitcoin because either in cryptoworld or in digital business bitcoin is now beyond anyone reach. Government can bann but they can not stop people using it also they can not control the value or process. So I think it won't be a good thinking by the government to take control of bitcoin.
Gulayman
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May 21, 2018, 11:24:04 AM
 #548

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind? Undecided


It's unlikely that the government will win the bitcoin because it's a lot of fighting and many people do not allow because bitcoin is in the hope of being a few people so much will let the government win the bitcoin.
ThePogi
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May 21, 2018, 11:29:48 AM
 #549

Off to a bad start I see! Deflation is Off to a not falling prices, it's a contraction of the supply of money and credit which is usually a result of widespread defaults on existing loans. There simply isn't enough money in the system to pay back the debt, so the money supply needs to grow nominally at least at the rate of interest. Interest rates are 2%, we need 2% inflation. This is built into the currency and banking system. Falling prices are NOT deflation. Prices could fall for dozens of reasons and prices can rise for dozens of reasons having nothing to do with inflation or deflation. Just like Inflation is a measurement of the increase in money supply, so is deflation a measurement of the contraction of the money supply.
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May 21, 2018, 05:43:47 PM
 #550

I am sure the government and bitcoin will be together in the future, the government will indeed contribute to this cryptocurrancy. the government makes regulations so that every transaction also benefits from tax transactions.
jhonnydeep87
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May 21, 2018, 06:47:31 PM
 #551

The government has a role in the state economy. Bitcoin is growing with the support of the country's own government. The more countries that legalize bitcoin so bitcoin prices will be high but it all takes a long time to be realized thoroughly later. We hope that the government can give us a decent life so that our future will be evenly organized without any coherence from each other. Cool
tayecrypto
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May 21, 2018, 07:23:19 PM
 #552

I don't think it can ever happen....Government can only wins over bitcoin if only they know the real inventor of bitcoin which they can't... Satoshi is anonymous which will makes it hard for Government to have control or stop bitcoin currency.
tokneneng
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May 21, 2018, 07:24:26 PM
 #553

My thoughts over this matter is this, if ever government wins over crypto then it will defeat the purpose of bitcoin being created. I'm not sure but if this happens then bitcoins value will drop since it will be controlled by somebody, and if this happens, the question will be which country will have the greatest power over crypto? Guess that will mean war like for the oil countries and rich resources islands.
Antonina
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May 21, 2018, 07:32:31 PM
 #554

We are under great pressure from the countries. The guidelines are not interested in allowing people to freely dispose of their money. All of us are forcibly driven into banks.
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May 21, 2018, 07:44:21 PM
 #555

At my opinion government can't win over bitcoin nowadays, if people want to use cryptocurrencies governments would be probably listen or will get problems...

SaShiRaJaVu
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May 21, 2018, 07:44:48 PM
 #556

I don't think it can ever happen....Government can only wins over bitcoin if only they know the real inventor of bitcoin which they can't... Satoshi is anonymous which will makes it hard for Government to have control or stop bitcoin currency.
Even if Satoshi is revealed there is nothing the government can do to stop it, it has grown from that situation, they can restrict the flow of money but they cannot do anything to stop this peer to peer model. I would like to see the governments coming together and come up with a regulation that would protect the users from scammers rather than thinking about shut it down.
edjames
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May 21, 2018, 07:48:31 PM
 #557

I think one of the main reasons a government want to control anything is the desire to profit from it.

Regulations may come be introduced in regard to trading, money laundering and taxation, but it doesn't profit a government to crash the price. Once they're invested, they'll want to see the price rise, and if anyone can influence a price rise, it's a government that reversed it's position on FUD and starts hyping it to the masses
Heartbreakeren
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May 22, 2018, 01:10:09 AM
 #558

I don't think they'll "win" over bitcoin. They'll simply, IMO, have some level of control. Because it is absolutely certain that the government will compete in this progressively globalized cyber age through the use of cryptocurrencies.
tentara pelajar
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May 22, 2018, 05:04:19 AM
 #559

If governments oppose and ban bitcoin then it is possible for governments of all nations to join and agree on bans on bitcoin worldwide, or even rule on the IMF and the UN. If that had happened then this is really over. This is the end of bitcoin.
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May 22, 2018, 07:14:51 AM
 #560

On that situation,people on that country will have nothing to do anymore. They should obey all implemented laws of their government. But there's a possibility that in the future they will realize the true value of the bitcoin,and it will lead to the government will revised the law and bitcoin will be legalized for the benifits of the people.
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