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Author Topic: Why has not any government stopped Bitcoin?  (Read 2163 times)
Onuohakk
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October 16, 2020, 05:25:35 PM
 #101

First of all why it should be stopped by the government???

There is many positive things on blockchain and Bitcoin that should be legally approved and accepted by every government in this world. That is what everyone is expecting in the crypto or community.
Let's hope all will adopt blockchain and make blockchain government throughout this world.
So many industries is diverting to Blockchain mode of operation. Which enables them to get things done without much manpower. Blockchain is fast and easy to operate on.
Government banning crypto will be kinda of difficulty to accomplished. Crypto can only be regulate.
We're in the verge of digital era, no more analog settings. Blockchain is leading the way of advanced technology and government has no option to legalize bitcoin

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Argoo
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March 27, 2021, 05:22:59 AM
 #102

How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
States have very broad powers and capabilities in relation to the circulation of cryptocurrencies. The financial sphere has always been the sphere of exclusive powers of the state, here they dictate their conditions.
We see ripple's price drop immediately when the SEC filed a lawsuit against two Ripple Labs executives last December. In addition, cryptocurrency exchanges located in the United States have also refused to trade this coin. This is despite the fact that the SEC has no complaints about ripple itself. So the opportunities for governments to influence a decentralized cryptocurrency are enormous and should not be neglected.
Streets 2.0
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April 09, 2021, 07:17:53 PM
 #103

If you do not believe in one world government, then this statement is incorrect. Many people know that there are countries where there is a total negative attitude towards bitcoin and other cryptocurrencies from the very beginning, their appearance. And this attitude somewhere has already begun to change for the better, somewhere the opinion has completely changed and bitcoin has become legal and taxed. The flexibility of government is a sign of the wisdom of the people who work there. In my opinion, we are close to the moment when the legal circulation and circulation of cryptocurrency will be recognized and approved at the United Nations level, then all members of the world community will join this. Regular money is rapidly losing popularity - this is inevitable.

Banprox
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April 16, 2021, 04:23:13 PM
 #104

Bitcoin is a decentralized token. No one can trace its transaction. A Government can ban bitcoin from his country. But no government can stopped it. Because no one can that power to stop bitcoin. Bitcoin is run now by its own style and character.  Wink
Streets 2.0
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April 16, 2021, 08:02:31 PM
 #105

The answer to this question is very simple. When Bitcoin first appeared, only advanced netizens and programmers knew about it. The community did not grow as fast as it does today. And then bitcoin was worth nothing - most often it was treated with humor from there and all these stories about sold pizzas and so on. However, time passed and its price increased - when it reached significant heights - financial markets began to pay attention to it and already behind them - governments, but it was too late to try to do something, even if they could do something there was a chance missed.

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