Government trying to stop bitcoin, what I see

[said666]

the government tries to stop bitcoin is something that will not happen, now bitcoin can develop to the best position and has a high price that is not based on government support. but only support from many people, so I don't think that will happen

[Altcoin Reviewer]

It's not the first time to do so, I think this type of step has taken before from many countries. But I think Bitcoin will not be a stoppable platform for the future purpose. This is not a scam or a general thing, It's meant a lot.

[Dissident991]

Here is what I see each time the government tries to stop or control bitcoin-






Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

What's about China with controlled by chinese mining pools 74 percent of Bitcoin’s hash power?  In theory they can directly influence on the Bitcoin network if they will unite or chinese government will take their farms by force.

[rosemary4u]

We must not  allow politicians or governments to interfere in the world of crypto. Governments always wants to have control over everything that is happening in their respective countries. I believe most people don't understand how crypto currencies work. The authorities are  really sacred about crypto but they wish they could do something about how decentralized blockchain technology is.

[rishad quraishi]

Exactly. You are seeing it right. The government and central banks are already after bitcoin from a long time ago, but it's hard for them to control it. If they puts a ban on bitcoin it may be illegal but it can't be stopped totally. Though illegal transaction like money laundering has already increased and government has a big point of this to put a ban. But they should know that everything has a positive along with a negative effect. Banks have many negative sides also, but they are making profits that's the reason it's legal to them, and bitcoin is decreasing their profits . But bitcoin can't be stopped.

[iamaruf]

yes government and local bank trying to stop bitcoin.In our country and central bank banned bitcoin and arrested few bitcoin resellers which is very bad for me.Hope they will accept soon

[bitfocus]

I don't understand how will anybody even dream of stopping a Decentralized P2P currency as Bitcoin, I think Government is just stalling before ligalize it nationwide in the USA.

[CrazeCoinz]

i think the adoption is gradual process, even if government  try to ban it.. is just for a few countries because my country uses bitcoin for transactions mostly restaurant over here are accepting bitcoin.

Yeah all we can do is not being intimidated with those regulations that being released by those government as we can continue to use bitcoin without them. Somehow in the future they will brace with this technology as our future currency.

[DAVETUN]

Bitcoin is unstoppable, every new technology require an awarness and acceptance period, Bitcoin is in the phase, as it is still an evolving technology,  we have to keep the hope on, trust in the system, no need to panic or lose faith in the community.

[Btcjunpitz18]

Every country and government has it all power just to stop bitcoin if they think that it cannot benefit to all. If they see that people is having a right way of having bitcoin then I don't see anything why should government stop bitcoin.

[snatoshi]

Here is what I see each time the government tries to stop or control bitcoin-






Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

They can do anything to stop blockchain. Every attempt they make will just help to reach massive awareness 

[pragna]

Here is what I see each time the government tries to stop or control bitcoin-

Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

Yes, There are some government believe that BTC will use badly and their inhabitants will fall in problem. They also think that they could not control BTC transaction correctly and as a result they will fail to caught who using it incorrectly. But i think day is not so far that when every government accept it without any hesitation when they use blockchain technology as BTC using this.

[MajkD000ooo]

Bitcoin is dangerous because it is difficult to control, although at the heart of the cryptographic world lies a certain goal: the ability of the cryptocurrency to reform the financial system, increasing transparency and eliminating the urgent need for trust in counterparties. When there is no reason to doubt, there is no chance of becoming a victim of deception or fraud.Cryptocurrency takes power from centralized systems and transfers it into the hands of legitimate owners — ordinary people. That is why the state will always be against cryptocurrency, because if you can not control the money, you can not control people.

[Luthfiyaaa]

the government will not be able to stop bitcoin, unless it stops at their own country because bitcoin is transparent, there are already several countries that support bitcoin and bitcoin already have many users. if the government wants to stop bitcoin, it will be difficult. actually why does the government want to stop bitcoin ?

[Chachacoin17]

the government will not be able to stop bitcoin, unless it stops at their own country because bitcoin is transparent, there are already several countries that support bitcoin and bitcoin already have many users. if the government wants to stop bitcoin, it will be difficult. actually why does the government want to stop bitcoin ?

There were some countries prohibited the use of bitcoin, but they couldn't stop their people of investing with it through discreet transactions. For me they couldn't stop this activity unless it became a legal currency to regulated. The decentralized character remains untouchable and has its own freedom to roams around blockchain technology network and provide profitable needs towards the people around it.

[Pinkris128]

Bitcoin have lot of advantages. Most of the bank very concerned about Bitcoin. so Government  alwase try to stop Bitcoin. but I I think it not possible. man still using crypto currency. they buy Bitcoin and hold it. Bitcoin gives enough opportunities to trade. so I think , it is impossible to die Bitcoin.

I agree, bitcoin was decentrlized cryptocurrency which no one controls it. Maybe government can stop people in their countrybusing bitcoin but they can not directly stop bitcoin only the user of it. In fact it already help so many people but sadly because some government still agains on it.

[KofiAdepa]

Yeah government is trying it possible best to stop Bitcoin and cryptocurrency at large but day in day out the crypto crypto world is growing. Most at times hide behind terrorist and fudsters to tarnish the image of BTC forgetting that these things seems to exist way before the existence of cryptocurrency. They are just scared crypto might rule the world one day.

[Naughty Princess]

Will not all government trying to stop bitcoin. There are some country government still accepting and reviewing the blockchain technology. Just in my country philippines our philippines central bank has already reviewing the blockchain but i dont know whats the result and hope it will be legalize soon

I agree. There are countries that ready to adapt the new currency because they see the potential, benefit, and how their people earn from it. This country also develop own exchange and involve on other currencies. It is easier to transfer everywhere and even can invest for the good profit. Just like business, crypto is evolving and widely it is known.

[Qurelal]

Bitcoin can't be stopped by the state. They make great efforts, but this is impossible. A bitcoin system is provided for ananomic use.