Why is Bitcoin allowed to continue?

[dothebeats]

Prolly because they don't consider bitcoin as a threat? And should bitcoin grow bigger and bigger, they already have the means to contain it without much effort. Knowing that the banking industry overshadows the cryptocurrency markets by a huge margin, it's not really hard to control the flow of the markets if they ever feel threatened by the popularity of bitcoin. Right now, they don't deem bitcoin as a threat, and there's a huge possibility that they are already benefiting from it. Also, they are trying to get the people believe that digital currencies are the future, and perhaps overhaul the need to print physical money and just replace it with digital cash instead. That way it would be easier, more convenient, and allows them to control the money supply with more flexibility and at will.

[bitfocus]

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

[Hudadahuda2018]

It's because central bank are know how much bitcoin can help the people and the country economic, but i didn't understand why they didn't allowing full adoption of bitcoin operation as legal currency, one thing i senn the reason is because bitcoin is threat currency to become banks are die.

Actually bitcoin can be operated to help banks better but there are still many banks that lack confidence in the presence of bitcoin so they cannot allow the full adoption of bitcoin operations as legal currency so there is likely to be one reason because bitcoin is a threat currency to become a bank.

[primeminer]

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't know what is said. the important thing is that bitcoin can make a profit and I will still be here to get a profit even though it is very difficult to get profit from bitcoin because prices can change at any time. now I start to understand buying when prices go down and sell when prices go up this way really gives a profit.

[BigBos]

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't know what is said. the important thing is that bitcoin can make a profit and I will still be here to get a profit even though it is very difficult to get profit from bitcoin because prices can change at any time. now I start to understand buying when prices go down and sell when prices go up this way really gives a profit.

well, the only reason to use bitcoin is still allowed to continue is because bitcoin is still providing benefits for current development. well, even though there are so many FUDs from people who hate it, but still bitcoin will continue to be developed.

[rexona]

are you saying that you want central banks to stop bitcoin?! what makes you think that would be possible?!

I don't understand and no matter what is said, what is important to me is that bitcoin is the most profitable place to invest, even though it takes patience to get profit, because bitcoin is very easy to change so the price can go up and down anytime, but I will still here until bitcoin doesn't have a price anymore.

[ys fs]

the assumption about bitcoin is very diverse, and there is a possibility that bitcoin has been approved by the big parties and maybe it is quietly to take big profits, we do not know how the cunning government carries out its cunning behavior, and like the headings above is suspicious, because bitcoin is left just like that and there is no such strong ban from these cunning governments...

[coinwizard_]

Same question for alcohol, most of the crimes happen when people are drunk or high. Better to control it than outlaw it. Bitcoin can't be banned anyway, it is decentralised and will bypass any legislation

[Kemarit]

~ snip ~

Is Bitcoin a trap?  Is this a central banker monstrosity used to turn us into tax slaves by recording every transaction?  Was Bitcoin innocent and free money and the central bankers are trying to squeeze their way in so they can use it as a weapon?  The only thing I do know is they are not handing over a decentralized economy to us because they love us.  What's the play?  Are we being set up?  Are we the useful idiots getting all our friends and countrymen involved in crypto?

Why would you think that bitcoin is a trap? I know that there are 'conspiracy theory' saying that Bitcoin is the handy work of US authorities (CIA, FBI, NSA etc), but I'm not buying it. Obviously, there's a lot of hostility against crypto from the Central Banks around the world because they may have perceived it as a threat. However, we saw that most of the countries now just wanted to have a full regulations because they know their's nothing to be afraid of. And its not even as disruptive as it may seems. In fact, some countries whose in economic turmoil now (Venezuela, Zimbabwe and even Argentina) are going to crypto as hedge against inflation.

[Karakas]

there are some countries that consider that bitcoin is a currency threat to become a useless bank but on the other hand bitcoin can help people and the economy of the country so I don't understand why they don't allow the full adoption of bitcoin operations as legal currency

[Barretwallace]

To some extent, the world market still needs the exchange to develop e-commerce. Bitcoin is in the trend and will control the crypto market in the future.

[aray80]

It's possible the central bank is still learning about bitcoin technology to see how far the use of Fiat will apply in bitcoin transactions

[Trustor]

Bitcoin has survived all the ups and downs through the years and is still competitive in the market. Its demand has not decreased as people view a lot of potential in the bitcoin and the benefits and profits it can provide. It has the staying power and it represents the future digital money. The changing technology does not allow it to be discontinued or to die down.

[manyu22]

Bitcoin has survived all the ups and downs through the years and is still competitive in the market. Its demand has not decreased as people view a lot of potential in the bitcoin and the benefits and profits it can provide. It has the staying power and it represents the future digital money. The changing technology does not allow it to be discontinued or to die down.

Not a few of the users who are now becoming Bitcoin miners. Bitcoin miners, commonly called miners, have several ways to collect the digital coffers. Ranging from simple methods with small tools, to professionals with tools more than tens of millions of rupiah.

[Gozie51]

Same question for alcohol, most of the crimes happen when people are drunk or high. Better to control it than outlaw it. Bitcoin can't be banned anyway, it is decentralised and will bypass any legislation

That is the point, the impossibility of the total ban makes it look that they are quiet which is not like that. They fight it and some governments have made statements on it but the citizens that are enthusiast, keep bypassing it or leave the country. Bitcoin is decentralized and out of control of banks nor government.

[BlockchainGod]

I think the bankers just realized the futility of fighting crypto and decided to adopt blockchain. Otherwise, the cryptocurrency would have just destroyed the banks! IMHO

[richman3451]

if banks will bypass the cryptomir side, then many finances they will cease to control them, or what does not remain like adopting new technologies and will include in the work

[Sebas.tian]

I think the bankers just realized the futility of fighting crypto and decided to adopt blockchain. Otherwise, the cryptocurrency would have just destroyed the banks! IMHO

Who knows, maybe banks themselves conspired with the CIA or other influential entities to create bitcoin for some kind of experiment--any other silly to absurd conspiracies can be possible for all we know so we can't say for sure that cryptocurrency destroyed/will destroy banks.

[1NV3ST0NM3]

Crypto is trending today and everyone knows this. And obviously not everyone is a fool who are following CRYPTO. There are many controversies as whether crypto is worth spending time on or it is just a trap and engulfing us all into a bog. So there are different theories being put up by a number of people in the bitcoin community and on this forum as well. So any of the ways we cannot purely deny the fact that there is dark use of bitcoin also that fosters and leads to a negative society. ANyhow getting to the point, I don't think central bankers gotta stop bitcoin development in anyway, because there are hell lot of other things to their concern.

[ZoomhashLLC]

I think it is more like it cannot be entirely controlled to uphold it's continuance.

The train started moving and if the brakes get hit they will be very slow.