Need bitcoin control?

[FlightyPouch]

It is quite difficult to control the bitcoin of the Government because bitcoin is decentralized and its users are anonymous so it can not control bitcoin literally.

What did you say? Did I just read it right? "Bitcoin of the Government?" and you also said it is a decentralized crypto currency, that is ironic in every way I look at it man. Bitcoin is not Government's property not being controlled by them, it is a decentralized crypto currency and no one controls or owns them. The only reason why Bitcoin is having a price change is because of its decentralization.

[abhi777]

It is quite difficult to control the bitcoin of the Government because bitcoin is decentralized and its users are anonymous so it can not control bitcoin literally.

yes in my opinion we must always control the bitcoin even though bitcoin is flucfuative it can go up and down quickly so we must always check it. so we don't take the wrong step if we invest.

[pejuang_mamak]

in cryptocurrency which is decentralized, it cannot be controlled, because cryptocurrency has the opposite nature
without any connection

[khaled0111]

Governments and countries may use digital currencies in the future when they get convinced that it is fir their best.
It will be different from Bitcoin and other cryptos because it have to be more centralized and they have to add features allowing them to have control over it.

[loveinberlin]

I think that btc is the best coin among others thanks to its benefits like confidentiality. To my mind, btc is the best coin because it can provide us with the financial independence and freedom

[zeingrind777]

I don't think it's necessary. If the state and the government fully control the cryptocurrency, then they will lose their basic character which is decentralized. Bitcoin should indeed be fully controlled by the holder, not the state and centralized government. If bitcoin is fully controlled by the central government, the holder will not be free to make transactions without a third party

There must be an agreement so that bitcoin can be used throughout the world, because currently many countries are not willing to accept bitcoin. The most reasonable agreement is to modify bitcoin from unmanageable to controllable, in the sense of narrowing the space for the criminals  use bitcoin to carry out their actions.

Crime has been around for a long time. Even before Bitcoin was present, money laundering, terrorist funding and other financial crimes had often happened before. That is not caused by Bitcoin. Crime always uses any situation to carry out the action. The state and government only see the negative side. And I think that's just an excuse that the state banks are not abandoned by society.

[Burogh]

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of ​​Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

If government or central banks create their own cryptocurrency, i think its can not compare with bitcoin. Their cryptocurrency must be centralized and bitcoin is decentralized. Its not different with fiat money if government cryptocurrency centralized and the supply controlled by central banks

[Sobocirevo]

In reality, it doesn't make any sense for any government to issue cryptocurrency unless they transfer the entire control to the users who are involved in transactions with that particular cryptocurrency. The basic characteristic of Bitcoin is decentralization and this is also applicable to altcoins out there and that's what makes it unique which will not be the case regarding cryptocurrencies launched by the government or any other central authorities.

Of course the government has an interest in controlling bitcoin, but in reality the government cannot because all transactions occur on the internet and peer to peer so that only the two parties know. The government is not stupid, so control is carried out at the place of withdrawal, namely the exchange of bitcoin into fiat money. That's where the government can find out the data of the bitcoin owner and withdrawal of taxes for the state.

[satosibtc1000]

I think that this is a race in which each country will compete in the development of new technologies. I think that every country should have its own cryptocurrency !

[Bunsomjelican]

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of ​​Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

- For what reason why the country will create its own crypto currency? for them to control their own crypto, because they don't want to adopt decentralization instead centralization so that they have the power and fully control for it. That's the main thing reason why they want it to be happen.

[sublime5447]

I think the government will find it difficult to control bitcoin, even though there is a government that has created crypto/altcoin, then it will follow the rules of the crypto which has been running on demand and cannot be controlled by anyone.

[wow.magic]

In the foreseeable future, each developed country will create its own crypto currency, provided by the national currency.

How much can this contradict the very idea of ​​Bitcoin as a free, decentralized system?

Need cryptocurrency state control?

I can't see that all of the countries can manage to create and maintain a cryptocurrency on its own. But I see your points because when the whole world has accepted cryptos, many powerplayers will rise and try to monopolize the market. What you have forgotten is that many individuals can and will create their own movement to compete in the market.

[logic123]

I think no need to control bitcoin. if we do what will happen??

[dr_chen]

Goverments may put their own coins into circulation but they can only decrease the demand for bitcoin at a limited ratio. Most of investors are not only investors and most of them are also familiar with the idea of decentralization and its advantages. In a near future, we'll see such attempts to implement some form of official cryptocurrencies. I think, people wouldn't let authorities totally control the digital currency market.

[callyf]

Bitcoin control is necessary but those who believe bitcoin go high that not happy with when it in control

[Coin-1]

Cryptocurrencies are decentralized, and cannot be controlled, but regulations made by countries or the world can regulate the stability of crypto development.

Yes, Bitcoin is designed to be a decentralized crypto currency without transaction censorship and it cannot be controlled technically. But nowadays most of the mining pools that have a lot of ASICs are located in China, and many investors do not like such situation. One day the chinese government can ban all the mining pools by restricting connections through their "great firewall". In this case, the global Bitcoin network will be temporarily paralyzed until the mining difficulty is reduced. I think this is a vulnerability.

I agree that the regulations are necessary to prevent money laundering and to control criminal activities, but policies of governments are different.

[tanxpresisit514]

These currencies will be contrary to the idea of creating Bitcoin. But I think they won't affect bitcoin itself.

Bitcoin was created as a digital currency with the aim of not depending on the government, meaning that the government cannot intervene and control bitcoin.
However, in its development, many countries prohibit bitcoin because it cannot be controlled. So, for the future so that bitcoin can be accepted by all countries, there must be modifications so that the government can get taxes and can protect its citizens from fraud.

[jaloto]

Creation of the national crypto won't change a thing. Maybe, national digital currency will be more suitable for performing payments, but it will be fully controlled by the government in the same way as fiats are now. Bitcoin needs not control but regulations and also institutional investors.

[gulshan1]

Block chain is totally decentralized and not controlling by the any individual entity or any body, so that's why it is impossible to control on the internet. Bitcoin is not running in even single country and it is internet based currency buy and sell system which can use any body at any where and any time in the  world.

[bosta20]

To me personally....the technology CAN'T be control! But am advocating for services and start-ups in the space should be control....even ICOs; they need some level of regulations!