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Author Topic: Why has not any government stopped Bitcoin?  (Read 2096 times)
TopExchanger
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January 27, 2020, 04:45:39 AM
 #61

The answer is simple - decentralization. Bitcoin is unstoppable because it's decentralized. Do you know who controls the system? Neither do the government.
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January 27, 2020, 12:38:35 PM
 #62

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.

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January 27, 2020, 04:59:06 PM
 #63

Basically, they can stop it by regulating it, but to shut down bitcoin completely it is too impossible since it's uncontrolled and decentralized. Therefore the only way they can do is regulate and banning it. We all know that in some countries crypto has been banned from using it in terms of payment. Some countries also are trying to embrace technology behind bitcoin The Blockchain and starting to build their own crypto.
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January 31, 2020, 03:21:09 PM
 #64

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
You need to know that since Bitcoin was created by Satoshi, many Western governments have to do what, do not know what to do especially with Bitcoin until now.

"Bitcoin is hard to stop".

The fact that there is currently no leader of Bitcoin, even Bitcoin escapes censorship by governments in the world.

Even though there are governments that forbid their citizens from using Bitcoin, in fact, people still favor Bitcoin, because it is caused by Bitcoin having a decentralized network, you need to know again, bitcoin is currently implementing technology so that Bitcoin can be used without having to use the Internet, maybe you don't believe it but that's reality.

I repeat, "individual or country, the government cannot stop Bitcoin", because bitcoin is not controlled by individuals or centrally, with the exception that it may be restricted.

With what's happening now to bitcoin, the government can't do anything, the government, which recognizes illegal bitcoin, is more focused on taxes than its transactions, that's the best for them, instead of stopping it is complete the government chose this option rather than stopping, it can't, the key of Bitcoin is in yourself to stop and continue.

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February 04, 2020, 06:48:50 PM
 #65

First of all why it should be stopped by the government???
That's the right question. Since we don't really know everything about Bitcoins origins, it might even have been a project run by an agency.
Doesn't matter. The community runs it todays.

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February 05, 2020, 02:35:40 PM
 #66

First of all why it should be stopped by the government???
That's the right question. Since we don't really know everything about Bitcoins origins, it might even have been a project run by an agency.
Doesn't matter. The community runs it todays.

They can only try but there is no guaranty that they can, so they would not even try to do that they can do that when it was just starting out and they can save their resources but it's now very popular and very viral, it would take a huge resources to stop it and of course investors will not let government stop them, there is big money to be made here.

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February 08, 2020, 01:43:47 PM
 #67

First of all why it should be stopped by the government???
That's the right question. Since we don't really know everything about Bitcoins origins, it might even have been a project run by an agency.
Doesn't matter. The community runs it todays.

They can only try but there is no guaranty that they can, so they would not even try to do that they can do that when it was just starting out and they can save their resources but it's now very popular and very viral, it would take a huge resources to stop it and of course investors will not let government stop them, there is big money to be made here.

It's impossible. It seems to me that stopping crypto is similar to stopping the Internet, it will require an incredible amount of resources and this should be mutually beneficial with most of the world's countries.
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February 20, 2020, 03:23:31 PM
 #68

Governments have done enough to dissuade common people from using Bitcoin extensively.
I don't think it's enough, it just keep Bitcoin moving and getting adopted it's Bitcoin who gets the government to surrender because they cannot contain it anymore, you cannot bring down a great technology it will find it's way, because people find it interesting and unique.

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February 20, 2020, 03:45:45 PM
 #69

The answer is simple - decentralization. Bitcoin is unstoppable because it's decentralized. Do you know who controls the system? Neither do the government.

I doubt they'd be interested in actually stopping Bitcoin, since that would be them destroying innovation. Governments will do their absolute best to (over)regulate Bitcoin by restricting fiat on/off ramps (look at the recent AMLD5 changes).
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April 03, 2020, 12:47:24 AM
 #70

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Governments were caught off guard when many used bitcoins. Governments may not be able to stop something that is not in the law. There are no penalties to the emergence of bitcoins as there are no laws that would penalize them. Governments nowadays, should provide a law and provide concrete guidelines together with it corresponding penalties for violators and those who abuse it. In line with this for example, using bitcoins as a means to evade tax or use these bitcoins  for illegal transactions.
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April 03, 2020, 07:47:33 AM
 #71

Hard to stop compliant systems

Easy to see segwit is not-compliant

That's what reasonable ppl & govs  do

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April 03, 2020, 01:19:12 PM
 #72

Because goverments wants to regulate it, not to stop it
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April 04, 2020, 04:11:26 AM
 #73

Bitcoin, like other decentralized cryptocurrencies, spreads bypassing all traditional financial systems via the Internet. To stop Bitcoin, you need to stop the Internet, and so far no government can do it.
Recently, the Deputy Chairman of the Central Bank of Russia admitted that it is impossible to stop cryptocurrency. Many governments have already considered this possibility, but all of them subsequently abandoned this idea.
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April 10, 2020, 01:26:39 PM
 #74

Because goverments wants to regulate it, not to stop it
Some government are trying to ban cryptocurrencies, it proves that they want to stop it, but they are unable to do it.
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April 12, 2020, 08:22:04 PM
 #75

As a comparison, think of P2P file sharing/torrent. It can only be moderated to an extent, and I don't think the government would be willing to use that many resources to shut down bitcoin anyways. Besides which, they would have to work towards regulation policies before they had enough reason to shut it down.
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April 13, 2020, 02:36:30 PM
 #76

they can't even though if they try  Wink
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April 13, 2020, 07:37:21 PM
Last edit: January 04, 2021, 11:45:40 AM by MCVXYZ
 #77

There is a very simple answer...People put their assets into this,they trust and believe in it more and more, even today when its very hard to invest your money in a pandemic-proof business. the most important thing in this case is people and nothing more. I think this is the measure of person's liberty and bitcoin has already proved its safety.
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April 13, 2020, 07:43:20 PM
 #78

Because it is Future
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May 13, 2020, 04:47:33 PM
 #79

Any government can easily stop bitcoin. But no one needs it. Bitcoin acts as a foreign exchange currency for the blockchain industry. And the blockchain industry has needed and still needs breakthrough ideas, building infrastructure, and building the foundation for the subsequent adoption of blockchain worldwide. It can be done imperceptibly, for this purpose it is necessary simply not to interfere with it.
But we all saw how the banks tightened the requirements for exchange and .... everything! Many projects that planned to issue debit cards have ceased operations. Not only that, here is a new example - Pavel Durov's blockchain project is closed.
But blockchain is needed by everyone, and governments too. Therefore, they choose the methods of influence, but are not going to close the blockchain.
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May 20, 2020, 04:09:05 AM
 #80

There is a very simple answer...People put their assets into this,they believe in it more and more,even today when its very hard to invest your money in pandemic-proof business and that's why. the most important thing in this case is people and nothing more.I think this is the measure of person's liberty and bitcoin has already proved its safety.
What he is saying is the very reason that the government should take measures to stop bitcoin altogether, maybe the reason for the governing bodies not stopping bitcoin is that they believe that it is a solution in development and they are trying to figure out how to harness and benefit from it. We will never know how the governments truly wants, but I think they see the same thing that a normal person can see and they are just calculating the risk whether it would outweigh the rewards or not. Ulterior motives have been around since the dawn of humanity and we can never comprehend.

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