Government trying to stop bitcoin, what I see

[hahay]

Bitcoin adoption continues to occur and bitcoin continues to grow until we see the market finally recovering slowly. I personally do not feel worried or afraid if there is one government from the existing country prohibiting bitcoin, because I believe there are still many countries that support bitcoin, statistics of bitcoin legalization around the world we can see and bitcoin legalization has been done by many countries. So with a ban or anything from just one government, I am sure that is not a feared threat.

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[Kolikalex55]

Bitcoin was created for freedom from banks and a rotten economy so that people could use it anonymously and independently of the state ! The state will not be able to influence it, as it is controlled only by people and in their hands all the power .

[TravelMug]

I belive that bitcoin go to up off his knees and raising over Fiat money

We all believed that bitcoin can go up again, but I don't see it raising over Fiat system. Most countries (specially 3rd world), relies on fiat in order to function. So we won't see fiat getting overrun by crypto. They will continue to flourish together with crypto market.

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.

Its gonna be slow, remember bitcoin is just on its early stage, we are barely 10 years, so there's going to be a lot of things to change in the next 10 years. We don't know, we might see adoption coming, but stopping bitcoin is a different thing. Government can't stop it at his point.

[Juggy777]

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.

The government has been trying and has been hopelessly failing to stop the wave of Bitcoins users, some government have acted wisely and made it a legal tender like Japan. I feel bitcoins has the potential to uplift developing nations the most as they'll get a currency that'll appreciate in time, and can be cashed for fiat. If only governments were wiser they should legalise it and then tax it, this way both the users and governments shall earn money, as bitcoins cannot be stopped by any rules, or boundaries.

[pltgksl]

I don't think there's a possibility that something like that might happen. They can remove obstacles, try to restrict them, but not stop them. Because no one can stop technology and change.

[Trustor]

Bitcoin has no owner and that probably is the only reason why it is illegal in so many countries. Government of such countries try to stop bitcoin because of the potential threats the anonymity of such a powerful currency carries. If it were only a little more controllable it would have been viewed totally differently especially by the governments of countries.

[Arhaan10]

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”

That lack of central authority is the primary reason governments are afraid of the crypto currency. To understand this fear,

It is important to know a little bit about governments and conventional currencies.

[pinggoki]

I think the government shouldn't bother with trying to stop bitcoin, but instead use it as an opportunity to take advantage of the situation, why not impose tax to earn out of it.

[Friskaadew]

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.

haha that's really sarcasm, because in my opinion that is how the government can prohibit btc while BTC is circulating in cyberspace where there is no government at all, that's why I am attracted to btc which is very flexible and anonymous, making anyone free to use and use it for buy anything

[mekie]

Governments can not control Bitcoin due to it's decentralized nature, they can and will regulate exchanges, and trading in it through conventional channels such as banks, this will mean that it will always  be an interesting but marginal system. The tech behind it however will be adopted into the mainstream.

[Taki]

That's normal. It's like to stop killing of people. It's illegal and the punishment for it is rough, but don't people kill anymore? So I do not see the difference between stopping bitcoin and stopping killing.

[KAPOORSHAH]

“In addition to cheap [cryptocurrency] mining costs, another thing that the Eastern European countries which appear on this list have in common is that all have gone through prolonged periods of war and recession recently, which has resulted in the poor working class losing trust in government and banks,” Jesse Cohen, a senior analyst at Investing.com, said in an emailed statement to The Independent.

[Coroline]

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.

because the government regards bitcoin as a currency that cannot be tracked who owns it, and is too easy for people to use for crimes, such as drug transactions or it

[becak mesin]

This is not something new. It is most Bitcoin and crypto currency holders moan due that local government will stop of bitcoin. In fact, Bitcoin now is becoming rapidly grow wider, means that bitcoin is acceptable and useful for many people. It would be better that government stop trying to stop or ban bitcoin, there should be a rules and regulation of it. Government should realize that this trend of digital money is useful even comfort of today life.

[udidrone]

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


~snip



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.

haha that's really sarcasm, because in my opinion that is how the government can prohibit btc while BTC is circulating in cyberspace where there is no government at all, that's why I am attracted to btc which is very flexible and anonymous, making anyone free to use and use it for buy anything

Government will have way to block bitcoin, but users will have many ways to access it. It is true, in internet world anything we can do without prohibition if we want. Only thing that we know is we must take responsibility for that.

[baconlike]

There are a number of governments trying to stop the BTC because they always think the BTC is bad, BTC is the money to support the terrorists, but the BTC has many positive aspects if applied to them. live will be ok

[cpoer2011]

Every new technology not always be acceptable in short time even it will bring a better future. Just like bitcoin, I am not surprised if many government of the country trying to stop it. But, I am sure soon of latter bitcoin will get the right place for our life.

[stiffbud]

Yes they want to stop or  bitcoin but i doubt that they stop this because bitcoin now was now world wide currency that easy to use for any transaction and if they want to manipulate bitcoin they cant because bitcoin is not part of government property so that no one can stop spreading news regarding bitcoin.

Yes many government want to stop bitcoin and its progress. Because its progress creates a lot of problems for them. According to many government bitcoin affects their economy growth. It affects their country national currency value at international market and also affects their national bank profits and because of this reason China ban it first. Chinese government also influences many other government to ban it in other country. Association of bitcoin us another reason behinds it ban in many country like Israel, Ecuador etc.

[mahibul49]

govt can announce bitcoin is ban but actually they cant stop using it.
bitcoin is p2p transactional thing and decentralized and heart of blockchain.

[DenCho?]

I think those countries Who are REALLY aimed to digital Era understand that it is impossible with out some kind of Cryptocurrency, but if course they want to control it. So they want to stop spreading of clear p2p and free coins like btc. But they need to understand that if they Will not offer us an Awesome alternative bitcoin community and philosophy Will crash the old world order