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Author Topic: Why is Bitcoin allowed to continue?  (Read 2202 times)
yanglei504
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November 09, 2018, 10:37:49 AM
 #101

I think bitcoin can help for the future transferring of money in a safe way and in the fast way also in low fee per transaction. Bitcoin have a potential to make more expensive than now because of its being popular and also more users and holders come to use bitcoin. Some of the country make it legal in using payment in different store or any shop.
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November 09, 2018, 10:43:18 AM
 #102

I think bitcoin can help for the future transferring of money in a safe way and in the fast way also in low fee per transaction. Bitcoin have a potential to make more expensive than now because of its being popular and also more users and holders come to use bitcoin. Some of the country make it legal in using payment in different store or any shop.
it is true that blockchain technology is very safe and sophisticated, making cryptocurrency and bitcoin will be suitable payment tools for the future, and to realize all that begins with the acceptance of each state government because until now only a few countries have accepted bitcoin as a means of payment valid other than the national currency.

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Peacemaker1994
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November 09, 2018, 11:06:48 AM
 #103

I was just wondering why you would want bitcoin not to continue going by your title. Well bitcoin is decentralized so no central bank has any regulations over it bitcoin would soar and keep soaring although there has been some plans to centralize
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November 09, 2018, 11:08:47 AM
 #104

There is actually no single individual we can identified as controlling bitcoin since it started. And so far the founder created a holistic economy with bitcoin without any interferences and as such no banks or any other could interfere with it and have control over it. The can  only stop their operations in nations and nevertheless that does not stop bitcoin because the more some government ban the more bitcoin continues to grow.

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nicko122
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November 09, 2018, 11:11:29 AM
 #105

No one can forbid people to use Bitcoins, but they can try to ban it. Some countries do this, while more advanced countries like Japan have a positive attitude towards cryptocurrencies. This is the right direction.
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November 09, 2018, 12:00:39 PM
 #106

No one can forbid people to use Bitcoins, but they can try to ban it. Some countries do this, while more advanced countries like Japan have a positive attitude towards cryptocurrencies. This is the right direction.
for now there may still be a ban on Bitcoin but that won't be forever because I'm sure they will realize that Bitcoin has a more positive impact than the bad impact. if a large country like Japan can legalize Bitcoin, then it can be ascertained that Bitcoin provides benefits so it is legalized. it only takes time for Bitcoin to become legal throughout the world.
Seeker#9
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November 09, 2018, 01:50:57 PM
 #107

Bitcoin is a decentralized currency, it means no one is in control of it, not even central banks so whether they like or not, the top coin will continue to be use by the people. All they can do is ban this cryptocurrency or prohibit their people from using it but they can't control it. People can still able to buy or sell bitcoin in many ways even in underground exchanges. People has the right to own any coin and this is reason why a court in China ruled in favor of bitcoin because anyone has the right to own cryptocurrencies.
sinta23
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November 09, 2018, 02:04:03 PM
 #108

No one can forbid people to use Bitcoins, but they can try to ban it. Some countries do this, while more advanced countries like Japan have a positive attitude towards cryptocurrencies. This is the right direction.

until now no one has been able to ban bitcoin from circulating, because everyone has the right to vote. especially nowadays many countries do not want bitcoin. so the country only forbids its people from using bitcoin, but they cannot ban bitcoin from circulating.

badungs
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November 09, 2018, 02:17:14 PM
 #109

In my opinion. crypto currencies cannot be stopped because this is a product of technological developments so that the central bank or any country cannot stop it. Crypto currency is a discovery that can be scientifically accountable and no one has experienced the negative impact of crypto currencies. and this currency is very useful in the future.
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November 09, 2018, 02:56:26 PM
 #110

Why is Bitcoin allowed to continue? Because Bitcoin has more positive side compared to the negative side, and Bitcoin has also changed the economy of society much better, so the government will not be easy to delete Bitcoin.

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November 09, 2018, 03:22:54 PM
 #111

If the market is hard and the price doesn't show any growth still the people use bitcoin for transactions and it is allowed to do business in continue like when there the speculation occurs in the market the market highly fluctuated and after that the recovery is so difficult many of the bad news and personal opinions makes hurdles in the life of a coins and some time people even lose trust for that which cause the coin to die so bitcoin is powerful and it is allowed in every time.

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November 09, 2018, 04:18:29 PM
 #112

what I think is let it continue because this is a big technology asset and must be developed to be bigger because we don't have to think far enough just to wait and be patient
Amevalentine
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November 09, 2018, 04:21:06 PM
 #113

let it continue, is it already a world asset and soaring and I don't think this bitcoin should be erased or destroyed, I believe and believe it can be relied on in the future and useful
virtfund
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November 11, 2018, 07:55:34 PM
 #114

Blockchain technology is very safe and sophisticated and could make bitcoin suitable for making a cheap transaction and payment tool in the future. Until now, we didn't see such progress and fee rates are still very high when compared with digital fiat currencies. That's one of reasons that bitcoin is considered as an investment tool instead of considered as a transaction and payment tool. You can't sell hopes and expectations to people for a long time. If we can't see a real progress or success in cripto world, prices will not go up sooner or later.
Nikolay Piddubrivnyy
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November 11, 2018, 09:08:13 PM
 #115

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mekie
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November 11, 2018, 09:35:02 PM
 #116

There are two distinct and separate issues. Firstly the Banking industry, which sits there raking in vast fortunes off the likes of you and me through bank charges, interest using our money to gamble with subprime assets etc. They do not like bitcoin/crypto because it threatens their lucrative monopoly, and secondly governments don't like it because they have no control-and governments love to be in control. So at the moment bitcoin et al is not much more than a curiosity and irritation-but should bitcoin or more likely one of the other coins become widespread in it's adoption and use then expect governments under pressure from the banking industry to take action against the industry. 

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November 11, 2018, 09:38:39 PM
 #117

I have been thinking a lot lately about why the central bankers are allowing Bitcoin to continue with only minor resistance.   The central bankers have set up shop in almost all civilized countries and have a money printing racket going on.  In America the central bankers are kind enough to let our treasury print the money and then they take 6% off the top thus enslaving the American population.  Don't worry though most Americans are completely unaware of any of this.  The central bankers control the military as well as they own the government.

The last country, without nuclear weapons, to attempt to bypass the central bankers was Libya.  I can still see the vivid video on the internet of Qaddafi being murdered in broad daylight in the middle of the streets of Libya.  Another fellow who attempted to not use the US dollar and went against the wishes of the central bank was Saddam Hussein.  Once again he met a similar fate.  He was hung.

The three countries without central banks right now Iran, North Korea and Syria are under constant attack or threat of attack from the central bankers.

Why would they allow Bitcoin to continue like this and grow momentum?  All they would have to do is outlaw it and 90% of the world population would bitch out immediately and stop.  But they don't do it. 

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?


How does bitcoin recording every transaction make you a slave if all transactions are completely anonymous? Even if the blockchain secretly records the IP addresses of bitcoin senders and recipients, this information is not enough to prove that this transaction was carried out by you. Plus, the legislation does not regulate it.

fosco333
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November 12, 2018, 09:56:35 AM
 #118

I think it is because no one can stop peoples to using bitcoin. For example if i using bitcoin in my pc, can government prevent me to use bitcoin ? and how ?
Bitcoin and cryptocurrency has decentralized blockchain database, not just a single database that can be blocked by governments. Aside from that, more governments nowadays are allowing bitcoin or crypto to be used in their country.

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November 12, 2018, 10:09:18 AM
 #119

Mainly used for money laundering, extortion, buying illicit goods and avoiding currency controls. With simple electronic payment mechanisms like PayPal there is really no need for bitcoin to continue.
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November 13, 2018, 03:30:05 AM
 #120

Bitcoin is a new technology that is still in the development stage but is very popular and has the potential to provide financial improvements to its users
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