Controlling Bitcoin

[U2018]

Most of the areas that regulate cryptocurrency merchants nowadays are designed to increase taxes, and they do not actually control Bitcoin!

[Jimbo201]

İt depens on what you mean by controlling.To control bitcoin you have to own it.
Other than that, governments can have lots of it if they want to but it looks like that is not happening openly.
We don't know who the whales are, or if they are working for some government really.Maybe they are already controlling it.

Every Shareholder is a owner and we all have equal rights. If someone has got more BTC, doesnt matter. The ideology is right and the timing is superb.

[Twkasun52]

I Dont think so.Its really difficult to do any government.How can they track BCT holders?

[Diane757Clarke]

When the value of the cryptocurrency is high, the government is forced to tax as well as business negotiations on the financial market.

[cokroalif]

You may not understand and read about cryptocurrency, it cannot be controlled by the government or other people, because of its nature, so many interested parties, BTC is decentralized meaning there are no centralized entities / institutions that print money, but money printed by users. This is what causes Bitcoin to emerge as a decentralized system.

[Lumberjackpj]

I don't think it's technically possible. For the moment, at least. The government might get some kind of a tool to do so, but as far as I understand, they don't have a way to do so directly. 

Right. They cannot do it directly, but they can catch some people when they are trying to spend some fiat they had earned from the crypto: some governments have a threshold amount for spending in their country. As soon as the amount you are trying to spend legally reaches the threshold amount, they start demanding that you provide some proof of the source of money you are going to spend. This is one way to control it, but there might be lots of others.

[Larrycool]

Bitcoin cannot be controlled by anyone, not even the government of the day, one of the reason is, bitcoin is a digital currency, not Fiat, It is decentralised and volatile. all these characteristics are not under the control of anyone.

[Peacemaker1994]

Well the blockchain technology which bitcoin functions on is a decentralized technology and so does not answer to any government but so government still has a way a taxing trading in bitcoin done in there country

[cliquehandclap]

There are many countries that have added bitcoin in their tax list. Glad I don't live in one of those xD