Why has not any government stopped Bitcoin?

[lyka]

If you see why the Austrian authorities banned Silvio Gesel’s “free money” in 1932, you will understand why bitcoin was limited, but not prohibited. A global emission-free economy awaits us all. Sooner or later, the problem of world debts and banks will be solved. Silvio Gesel announced the principle of fair money, and in 1932 an experiment was made in the Austrian city of Wörgl on the use of such money. In essence, this was a presentation for the initiates, since the technology of turnover and accounting for such money did not exist yet.
Now such a technology is a blockchain. But it must be brought to perfection.

[Upgate]

The only thing I think the government can do is to regulate bitcoin, but putting a ban on it totally, it's impossible. The world is moving away from analog into a digital world era and cryptocurrency is leading way for that. Inasmuch you can say, the most secure and fastest way to actualize digital era is to adopt blockchain globally without further delays and sentiment's from the government bodies.

[hahay]

Is that a reality? Because even bitcoin is legal in many countries and of course the government will not stop bitcoin because what will happen is an increase in the actual use of bitcoin, at least bitcoin will be a great opportunity in the future to be used in terms of payments and other transactions because with digital transactions this is a solution to cut off the spread of any virus on this earth.

[Lorence.xD]

The only thing I think the government can do is to regulate bitcoin, but putting a ban on it totally, it's impossible. The world is moving away from analog into a digital world era and cryptocurrency is leading way for that. Inasmuch you can say, the most secure and fastest way to actualize digital era is to adopt blockchain globally without further delays and sentiment's from the government bodies.

The regulation is the best compromise a country can do to get on the good side of bitcoin, we may never know what are the authority's ulterior motive but that is an assurance that bitcoin holder are safe within the confines of the country. The only thing that a government that can get when they ban bitcoin and other cryptocurrency altogether is a growing hate and disdain from their people and as a wise and smart politician, I would rather get on the good side of things.

[Upgate]

Bitcoin popularity has gone all over the globe since her creation. The government didn't known that bitcoin will blossom in such a way that it will be difficult to control is circulation. They only thing they can do against bitcoin is not to be in full support of it, by telling their citizens not to invest in it cos they can't trace bitcoin transactions in case someone lost his or her money.

[YOSHIE]

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.

if you visit my country you might not believe what happened with Bitcoin there.
from presidents to ordinary people, who use Bitcoin.

"How do you forbid all your family "not" can eat and sleep in your home". It is impossible...

In the Bitcoin stronghold that trades and invests, not just you here, starting from the president of the board members, the people, law enforcement, police, judges, involved and tempted by Bitcoin, so, how to ban and who prohibits...the answer is definitely not there..

You see in the news, the media, it's just a trick of the government to the people, as if Bitcoin is not good, the fact they are all in droves to buy Bitcoin.

[Ozero]

There are several reasons for this.
First, the G7 and G20 states have come to the conclusion that bitcoin and other cryptocurrencies do not pose a threat to the stability of the global financial system. Therefore, no common efforts by states to ban the circulation of bitcoin have yet been made.
Secondly, it is unlikely that states will be able to fully control their decision to ban the circulation of bitcoin. They can severely restrict its circulation by administrative measures, but they cannot prohibit and track transactions between people. To do this, you need to turn off the Internet, and no one will go for it.

[hv_]

They might stop all of it, cause the defi shit and scams we see


https://twitter.com/brucefenton/status/1293959332510470145?s=20

https://assets.documentcloud.org/documents/7035314/Complaint.pdf

[dansus021]

One think comes to my mind is Bitcoin is unstoppable and government just scared because so many transcation point to the illegal things such a drug dealer and dark web things and based this

https://assets.documentcloud.org/documents/7035314/Complaint.pdf

there's some transaction about funding terrorism. in my country it self there's some rule about it like its prohibited use bitcoin for buying anything. so u can still use bitcoin but u can't spend it. maybe some country will implemented this rather ban it.

[Saisher]

Bitcoin popularity has gone all over the globe since her creation. The government didn't known that bitcoin will blossom in such a way that it will be difficult to control is circulation. They only thing they can do against bitcoin is not to be in full support of it, by telling their citizens not to invest in it cos they can't trace bitcoin transactions in case someone lost his or her money.

They have not able to stopped it when it was just starting out now it's become viral how they are going to do it now, it's going to be useless and a lost effort on their effort if they try to do it now, and even if they have a warning with so many videos and open information about Bitcoin and Cryptocurrency on it's beauty, they will likely support Bitcoin and eventually invest on it.

[husencoe]

many people are involved in bitcoin transactions because the mechanism is easy and fast, so they don't care about government restrictions because the system that government intervenes is too complicated and too long.

[Oppo57]

The government has banned the cryptocurrency Bitcoin. The government is working hard to get its people to move away from bitcoin. But the government does not have the power to curb bitcoin. In almost all countries, there is a problem when cashing bitcoin.

[Tamim121]

Because of decentralization, no government can control bitcoin. Also can't trace its transaction. Government can't get any charges or taxes. For this reason some government stopped or say it illegal in their country.

[pilosopotasyo]

The government has banned the cryptocurrency Bitcoin. The government is working hard to get its people to move away from bitcoin. But the government does not have the power to curb bitcoin. In almost all countries, there is a problem when cashing bitcoin.

They have a chance when it was starting out ten years ago, but now that Bitcoin is very popular and there are traders and holders in many countries and these are first world countries so it's almost impossible now to ban Bitcoin the closest they can do is to regulate Bitcoin ansd impose taxes, so instead of banning Bitcoin they should just, make it a revenue generating project.

[Defimwh]

From what i've seen and heard, they tried but until now they can't really do much. infact some government already ban transaction with cryptocurrency and restrict the user, that's pretty much what they can do and they already did it.

[Upgate]

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

[hv_]

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

Why impossible? Dont' fool yourself.

[oprahwindfury]

First thing is Bitcoin is legal in some countries and luckily some are using bitcoin as their daily payment method and options.Except countries Like india will ban this if this is at their hand.We know about bitcoin that this is a decentralised  currency that trades by p2p and it has public demand as it is simple and helpful.So people are sticking with bitcoin.That's  why Government Can not stop bitcoin yet.

[hv_]

Seems they are after it. At least those 'cryptic' parts, additions, hooks that gets things darkside points

https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework

[vlast01]

Governments have done enough to dissuade common people from using Bitcoin extensively.

Because Internet is to vast and government can't  stop people from using Bitcoin extensively the only thing that they can do as of now is to control/monitor on bitcoin transactions.

Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Every people do have different views on bitcoin and so are the government, It is possible to ban it on a certain country and on some point but they don't have the power to end it at all.