The U.S. Government Tried To Shut Down Bitcoin

[alyssa85]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin.

Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.

Now, it's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Haun, who is now the first female general partner at U.S. venture capital firm Andreessen Horowitz and co-heads its $350 million cryptocurrency fund, has worked closely with social media giant Facebook in development of its troubled libra cryptocurrency project.

U.S. government opposition to bitcoin and cryptocurrencies has become far more transparent since Donald Trump entered the White House.

Earlier this year, U.S. president Trump sent shockwaves throughout the bitcoin and cryptocurrency industry when he tweeted a vicious attack on Facebook's bitcoin rival plans, branding it and bitcoin "unregulated crypto assets."

Others in the U.S. government were quick to tow the line, with U.S. Treasury secretary Steven Mnuchin adding his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Elsewhere, Apple chief executive Tim Cook has warned companies against creating their own cryptocurrencies.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

Facebook's libra has been under fire over the last week, with internet payments company PayPal, one of the Libra Association's founding members, suddenly pulling out of the group on Friday.

Mark Zuckerberg, Facebook founder and chief executive, had hoped to work with global regulators to clear libra's path to launch in June 2020 but appears to have underestimated the level of opposition to the scheme.

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[NathanJB]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

[1Referee]

It's super interesting how these negatively tinted articles always find their way to the net when the price has been trending down. 

One thing I like about Libra is how politicians of all levels used Bitcoin as benchmark to point out the difference between a decentralized crypto and Libra, a centralized shitcoin that's controlled by a corporation. It must feel great for any government to hammer down on these centralized tokens simply by subjecting them to regulations, something they can't force upon Bitcoin.

I am of believe that even Facebook should be allowed to create its own currency, but they have no option but to abide by the regulations within the countries they plan to operate in. Anyone supporting a free money market should be open to that, no matter how shitty it might look to you.

[nelson4lov]

The government has always been against anything that opposes them or they don't have control over. That have been their number one problem with Bitcoin as BTC seeks to put power back in the hands of the people thanks to its decentralized nature. What's more? In a decade alone, Bitcoin has made significant progress in terms of adoption with hundreds if not thousands of people joining every month. Not to mention lotta retail stores currently accept bitcoin as a means of payment. We even have bitcoin ATMs across several countries.

No matter what they do, They can't stop the decentralization movement!

[hamdi]

see it from this side:

maybe bitcoin IS government created and the 1 million "lost" satoshi-coins are their backdoor, in case the experiment gets out of hand?

[febriyana]

I don't know why they always scared with cryptocurrency.
Is it will killing fiat in the future?
Fiat is we know don't have any transparency. They make it without notice want make it.

If top company want make cryptocurrency.
That will centralized and so easy government broke it.
I don't believe government can shut down Bitcoin. Because that is decentralized. If your ip get blocked, there is bunch VPN ready give a seat to other country. There we can still use Bitcoin.

[CryptoBry]

Bitcoin can be an alternative financial and banking system and being not under the direct control of the government this will naturally attract a lot of opposition however Bitcoin has now grown to the point when it is already impossible to stop it technically and technologically. Yes, the government can instead institute regulations on its trading and the businesses that can sprout out of it but not directly on Bitcoin (and this is a welcomed move, by the way).

The way I am seeing it now, this is the reason why the government has to strongly opposed Libra because this is their opportunity now as Libra still has to publicly open its doors. Of course, we know that within the Bitcoin community a strong and critical number of us are also expressing strong dislike with Libra all because this is centralized and not really a real cryptocurrency (meaning on the same level as that of Bitcoin). Good for Bitcoin bad for Libra.

[zee11224]

The U.S. Government would keep the running Bitcoin nodes as TOR. but it wont have mainstream acceptance. 3rd party service will take over. most people would care about performance & convenience over privacy and secuity. there will be small part of internet would use it but mostly for bypass govt.

[Pab]

I don"t think it may happen.USA is very much unfriendly for blockchain and cryptocurrencies. It is enough to say that Circle move from from USA to offshore location.But ban bitcoin i think it is kind of talk.
I think we can expect hard regulation.Generally USA is nervous about dollar dominance so it is also affecting crypto

[TGD]

It may not happen urgently, there are many registered business already in USA that are crypto or blockchain related. They will need to consider the damage it can be done once they shut it down. They can give rules, laws relating to crypto in their government but not to the point of not using or implementing it to those who are already into it. USA Investors and traders will sure can find a way to still use it even they will put restrictions.

[Zanzibet]

It ought to be known that the market react to convenience and one other thing also acceptability. Bitcoin has been widely accepted over the 10 years of existence. the convenience it gives as compared to most brick and mortar financial products is yet another of its cutting edges.

[AniviaBtc]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin.

Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.

Now, it's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Haun, who is now the first female general partner at U.S. venture capital firm Andreessen Horowitz and co-heads its $350 million cryptocurrency fund, has worked closely with social media giant Facebook in development of its troubled libra cryptocurrency project.

U.S. government opposition to bitcoin and cryptocurrencies has become far more transparent since Donald Trump entered the White House.

Earlier this year, U.S. president Trump sent shockwaves throughout the bitcoin and cryptocurrency industry when he tweeted a vicious attack on Facebook's bitcoin rival plans, branding it and bitcoin "unregulated crypto assets."

Others in the U.S. government were quick to tow the line, with U.S. Treasury secretary Steven Mnuchin adding his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Elsewhere, Apple chief executive Tim Cook has warned companies against creating their own cryptocurrencies.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

Facebook's libra has been under fire over the last week, with internet payments company PayPal, one of the Libra Association's founding members, suddenly pulling out of the group on Friday.

Mark Zuckerberg, Facebook founder and chief executive, had hoped to work with global regulators to clear libra's path to launch in June 2020 but appears to have underestimated the level of opposition to the scheme.

I believe that they can't defeat bitcoin easily. Bitcoin dominates the market nowadays, it revolves around the globe and nothing can stop it. The government is not that powerful enough to shut down bitcoin. We all know that the government always go out of the business of everyone and they notice everything that's growing. Many people adapts it and in the future, bitcoin will become the money used in every transactions.

[serjent05]

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.  

It is obvious that every government is hesitant of this trending digital currency called Bitcoin.  It is also normal for every country to have a hostile initial reaction to something that they thought threaten their curriency's economic power.  So this is actually no news.  Resistance is expected but will soon be overcome by Bitcoin.  Government will choose to coexist with it because of the possibility of benefits they can get if they adopt, adapt and utilize Bitcoin and the other cryptocurrency.

[Baby Dragon]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

Well said, its because they don't have enough power to destroy bitcoin. Many of them had tried many times before and until now they keep on fighting for it despite of losing it. We can't read their minds and thoughts but I think there is a specific reason why they keep on doing it. Bitcoin had faced many challenges and issues before, I don't think that government officials can get rid of it easily. They are just putting themselves into a difficult situation, but we need to stay positive that it won't happen.

[Pearls Before Swine]

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.  

That is most likely the case here.  It appears that some federal prosecutor was asked to investigate bitcoin, but its the article writers who drew the conclusion that this was an attempt to shut it down.  It is not clear to me exactly why this prosecutor was chosen to do the investigating, but I suppose it doesn't matter.  That would be an extreme example of a fool's errand, and I think they realized this early on.

As regards 'shutting down bitcoin', how can anyone really expect a single country to eliminate a global currency?  That is ludicrous to my mind, and this is nothing more than an inflammatory article written by simpletons with unknown motivations.

Well said, its because they don't have enough power to destroy bitcoin.

No gov't truly does.  Any country could pass laws restricting it's use, but there is no way to actually keep people from owning and using it.  Maybe if the mining industry was severely cracked down on in multiple countries, there would be an effect, but then the miners would probably just move their operations to countries where it was still legal.  There's no way to stop bitcoin.

[adroitful_one]

Bitcoin in itself is designed to where it can't be shut down by any entities. The United States government has not tried to shut it down. If they can make money from something, you can bet they're going to. They don't like it simply because it's hard to keep track of who owns what to collect taxes on. That's why they've got Coinbase and others turning over user information to keep track of who has what. I honestly believe if they could track it easily and tax it just as easily, it wouldn't even be brought up within the government.

[Oilacris]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

Well said, its because they don't have enough power to destroy bitcoin. Many of them had tried many times before and until now they keep on fighting for it despite of losing it. We can't read their minds and thoughts but I think there is a specific reason why they keep on doing it. Bitcoin had faced many challenges and issues before, I don't think that government officials can get rid of it easily. They are just putting themselves into a difficult situation, but we need to stay positive that it won't happen.

Even if they do strived to they wont really able to do such thing yet we know on how vast or big the community is when it comes to crypto market specially with Bitcoin.

I'm sure that they didn't expect for BTC to be this big into those earlier years when it was just starting.They do underestimate on how a decentralized currency can really be a exception piece of discovery and now it did become big and unstoppable. After all the years we have seen and government trying to suppress it down plus having those banning on other countries but still we do able to stand strong.

[alyssa85]

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.  

The key word is "tried".

They investigated the possibility of legally shutting down bitcoin in 2012 (before it became mainstream) but probably realised that there was no legal mechanism to do it properly. But they "tried" in that they actually spent time checking whether they could do it.

[Searing]

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#50c193671966

Considering this is just coming out from 7 years ago, what makes you think they have still not continuously been trying to kill Bitcoin/Crypto

since then and up to the present time anyway?

I suppose we will find out in another 7 years that this is an on-going attempt, year by year, anyway.

Brad

[hatshepsut93]

If the US government seriously wanted to take action against Bitcoin, they would have done it. It wouldn't shut down Bitcoin, but it would hurt - we'd have less market liquidity, less services, less adoption.
But from what I see in this article, it was simply a wish of a few officials, and this idea never had any wide support. People often have simplistic view that a government is a monolith organization, but in fact it's just a group of people with often times different views when the government is more or less democratic. Most of the time when we get news about some government and Bitcoin, it's actually just a statement or opinion of some government official and not a government as a whole.

[LeGaulois]

Sorry guys but before you continue the discussion, can you please check the source, because Forbes says "The US tried to shut down Bitcoin", the source says "Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing"

True the White house was investigating (but like many others countries), both titles are differents, Forbes uses a clickbait title, the real news is about a lady who worked for the government and with her professional carrier she is now sitting as a partner at a VC firm with $350 millions in cryptocurrencies.

Here is the basic history. https://www.cnbc.com/2019/10/06/meet-the-former-prosecutor-who-became-the-face-of-crypto-vc-investing.html
An article to promote the lady...

[Kemarit]

Sorry guys but before you continue the discussion, can you please check the source, because Forbes says "The US tried to shut down Bitcoin", the source says "Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing"

True the White house was investigating (but like many others countries), both titles are differents, Forbes uses a clickbait title, the real news is about a lady who worked for the government and with her professional carrier she is now sitting as a partner at a VC firm with $350 millions in cryptocurrencies.

Here is the basic history. https://www.cnbc.com/2019/10/06/meet-the-former-prosecutor-who-became-the-face-of-crypto-vc-investing.html
An article to promote the lady...

I totally agree, the title is very misleading, I think the lady has move on after 2012 and obviously she really understand that there's no way that crypto couldn't be stop before. And now look at here, sitting on a VC firm with a lot of capital and she could really turn it into a billions with here experience. I guess this is just another example, how crappy and shitty are crypto journalist are (yes, I know we have been seeing this for years), but this one is very obvious so say the least.

[ecnalubma]

Its very important to read the whole story before we can react on the article  but given the fact that if its true I think it will be hard for the Government to shutdown Bitcoin, I should say its too late for them now that it is used accross continents. Its a myth that they can control this type of asset, only harsh regulations they can impose.

[magneto]

Is this surprising at all? We've long knew that governments around the world would start looking at trying to stop BTC from growing sooner or later, and it turned out that they had their eyes on that goal a lot sooner than people expected.

Of course, it's just not enforceable no matter what kind of bans they try to impose on BTC, because it is ultimately decentralised. Regulations and restrictions can only go as far as regulated exchanges and businesses go, and not to the actual blockchain ledger itself.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

The difference between BTC and Libra is decentralisation, which makes Libra easily prosecuted by governments, which will likely to happen. That's why I'm pessimistic on Libra's chances.

[mu_enrico]

If the US Government really tried, they would have used coercion tactics. They have done it in the past with gold (read Executive Order 6102).

At the moment, I think the US Government didn't see Bitcoin as a threat to their national interests.

[audaciousbeing]

Of course. Its an open secret. Over the years several forms of currency have been promoted and they have found a way to shut it down. Liberty reserve comes to mind. What the man was made to go through and even plead guilty to some charges in his own widest dreams never thought exist but eventually he has to cave in. The irony here is that, its not only the US government, its every governments of the world that would have tried one thing or the other to shut down whatever that they feel will threaten the peaceful co-existence that they have come to enjoy and its that simple. I have read governments clamp down protesters, even their organisers slammed with treason for attempting to overthrow a sitting government how much more a currency that could whittle down government influence and there really no one to be held accountable. Shutting down becomes the best alternative.

[alyssa85]

If the US Government really tried, they would have used coercion tactics. They have done it in the past with gold (read Executive Order 6102).

At the moment, I think the US Government didn't see Bitcoin as a threat to their national interests.

Or they've decided bitcoin is actually a help to their national interests, in that it might undermine other fiat currencies but not the dollar.

Given the US-China rivalry and the fact that so many Chinese were using bitcoin to get their money out of China, the Americans might have concluded that bitcoin was an ideal tool to undermine the yuan and prevent it becoming a reserve currency.

[Strongkored]

Well, I'm not an US citizen, news like this will continue appear not only for US but also news from other countries that will say so, but what we see is only news from media not officially that has been conveyed by the government officially.
Those who continue to say about shut down BTC who only see the BTC from the price and also price fluctuating.

[Google+]

I hope this is just fake news that usually often circulates on the internet when the price of bitcoin rises, traders must understand if this can be fake news and don't easily panic so you don't lose.
Market conditions are starting to improve so follow the flow and let's bring the price of bitcoin to the moon.

[dengpei]

I hope this is just fake news that usually often circulates on the internet when the price of bitcoin rises, traders must understand if this can be fake news and don't easily panic so you don't lose.
Market conditions are starting to improve so follow the flow and let's bring the price of bitcoin to the moon.

You are right there, there is a need to verify news before making a decision because we are in the era of fake news. Anyway even if the news is correct it can only affect the price of the coin for a while only and price correction happens soon after the news goes stale.

[SaShiRaJaVu]

It's super interesting how these negatively tinted articles always find their way to the net when the price has been trending down. 

That is the magic receipe for the price to fall further, we have seen those articles at the right moment when there is a minor correction and all these negative articles pops up and the price would fall further, just repeating the old drama  .

It must feel great for any government to hammer down on these centralized tokens simply by subjecting them to regulations, something they can't force upon Bitcoin.

It is a fact that if they give a green signal to Facebook then they know very clearly that they will get thousands of application from every fin tech corporate to start their own centralized token and it will create issues beyond imagination and probably will open a can of worn that cannot be repaired  .
Even i expect there will be a ton of regulation and stipulation if they release Libra.

[Genemind]

I don't actually believe in this type of news. Yes, the government is somehow seeing Bitcoin as a threat but the US is really into crypto adoption. If it really happened, maybe the government might have done something to stop it because it might impulse terrorism but maybe after seeing its worth, things have changed and the government is into supporting it right now. We really don't know the story behind but it's still hard to believe complex news without proof.

[South Park]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

[blckhawk]

I think the government and the media wants to influence the minds of those who still don't have an idea to what cryptocurrencies really is. They want to prevent mass adoption by saying negativity about these cryptocurrencies first before people even have the chance to research their true idea. It's no surprise that the government tries to supress its spread since they know what it can do to change the current centralized systems and it isn't limited to payment, but csn also include public cloud storage for different applications, even in politics.

[Periodik]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

And since Mark is an open target unlike Satoshi, he is now invited to countless hearings. He has to appear in countless meetings and investigations and what not and not just within the US but also in other countries around the world. Satoshi was indeed a genius. He knew what is to come with his invention, and he was completely prepared for it right from the get-go. He was not someone the governments can easily track and identify.

[ivakar]

i knew all problems for the world comes form us 
but actually this is very disturbing information, cause that means if several country will combine its efforts to shutdown bitcoin or any other crypto coin, the could, in fact, succeed in their mission.

and that would be the end of the crypto as we know it. 

[stompix]

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.  

Of course, she needs some attention, she works for a crypto fund now, they have to pull out stories and keep standing in the spotlight otherwise the bear season is going to get them.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

Of course, let's totally ignore the name of the colleague because if she does that coleue might sue her for lying. 

True the White house was investigating (but like many others countries), both titles are differents, Forbes uses a clickbait title, the real news is about a lady who worked for the government and with her professional carrier she is now sitting as a partner at a VC firm with $350 millions in cryptocurrencies.

I would call it a paid clickbait article...
Seriously, lately, all the articles from those people are screaming look at us, we're cool, gives us money!!!!
I'm anxious for the "Cryptos might revive Elvis"  article.

[abhiseshakana]

The style of economic and political policy in the United States has indeed changed since the shift in power from Obama to Trump. Trump with the policy of making America great again "always takes controversial decisions. For Trump make American first is his main focus, so that America seems arrogant and isolates his own country.

When the U.S. wants to become the ruler of the world, America must reduce its dependence on others, commitments that are felt to limit the movement of America will also be violated. America also has to intervene in every field so that if there are potential problems that will interfere with America can be minimized or even avoided.

Bitcoin and cryptocurrency are something that Trump cannot control. It has its own system that is beyond American control, Trump can avoid but cannot stop. There are no eternal friends and enemies but only eternal interests. Trump sees cryptocurrency as a threat to America and a gap for America's enemies to intervene in America unnoticed.

[cutesgirl]

US government always try for shut down bitcoin and never give space for their people become with bitcoin and altcoin investment, many ICO not allowed for investor come from United State because their government never allowing for US citizen invest on ICO or IEO, on the bounty campaign many KYC submit do not support for United State person.

[redsun114]

I would not be surprised if US had a hand in this recent crash of bitcoin, and I think that have a mole in the market who would definitely be a mole looking for every opportunity to crash the market and every attempt they have been making had failed. I am sure this recent crash too was timed, as we all expected that the bakkt would have effect on bitcoin price, but only for us to witness a crash after their released.

Don’t we think that this is a perfect conspiracy too to discredit the project of bakkt who would have made very much impact on bitcoin, and it seem that they really succeeded in destroying bakkt as we no longer hear news on bakkt again, the hype has gone down, but no matter what they do, now or in future, it would be impossible for bitcoin to be shut down, and the more they try, the more they get it increased.

[iv4n]

I can`t remember exactly where I read about it, but someone was claiming that most of the countries, different hackers groups, etc.. already tried to shut down bitcoin network, and guess what, nobody succeeded. I remember that I tried to find more about that, but I couldn`t find anything. Truth or not, I can`t tell, it`s logical to assume that some groups tried to do that, to hack bitcoin, with the purpose to control it or to shut it down. By the present state of bitcoin we can assume that nobody succeeded in that, bitcoin is still alive and well. Will they be able to do it in the future? I doubt it, it`s pretty hard to beat the fact that there are many nodes out there, any messing with the chain will be recorded at least on one place, if not on many.

[beerlover]

I think other countries didn't looked into "shutting it down", nobody is that scared of bitcoin, they tried to probably ban bitcoin in their own country because they know they can't ban it all together and probably China and Russia looked into a way to control it as well because they are used to controlling everything but they realized this is something they can't control like they do with everything else.

Those are it probably, just a way to control it and a way to ban it in their countries but nobody looked into "shutting it down" that is like trying to say shutting down the whole internet all around the world, it is not possible and it can't be done no matter how much countries get together to do it together there would still be some people with internet.

[Reid]

They have two problems regarding this. But yes, they do want to shutdown bitcoin but just can't.

First problem is they do not like bitcoin because it is decentralized. That means privacy and freedom which they dont want. Everything must be under control.

Now, they want to fight it with a centralized one.
The second problem comes.
Suckerberg offers Libra. But he freaking still freaking own it and the government doesnt want that. It will just keep Mark getting more greedy.

Third problem comes now.
They will create their own but nobody supports it.

[Maslate]

They have two problems regarding this. But yes, they do want to shutdown bitcoin but just can't.

First problem is they do not like bitcoin because it is decentralized. That means privacy and freedom which they dont want. Everything must be under control.

Now, they want to fight it with a centralized one.
The second problem comes.
Suckerberg offers Libra. But he freaking still freaking own it and the government doesnt want that. It will just keep Mark getting more greedy.

Third problem comes now.
They will create their own but nobody supports it.

US government has been in contradiction with crypto even from the start and the fact that they can't control bitcoin just like they did with dollar, so they will do things that could possibly shut down bitcoin. But they can't easily shut down bitcoin because there are still a lot of believers and users of bitcoin who will continue to believe on it. They can banned bitcoin in their own country but shutting it down will never happen.

[gentlemand]

This crappy article doesn't illuminate anything. There's plenty of wariness and scepticism about BTC from the US government but little evidence of any sustained assault. The recent Libra hearings were overall positive about it I'd say.

As for Tim Cook - "I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency,"

No private group will ever be permitted to set up a competing currency and Libra will never happen, nor any other similar thing. Luckily totally open groups can.

[timerland]

I saw the article in my Google feed a couple days back and had a read, it looks like it's really scrappily made and they don't actually have any real information/proof and it's just here to clickbait users into reading the article.

Tim cook is a weird fella. I don't agree with his views at all and he is too government oriented and isn't as free thinking most of the Bitcoin community is.

Think most of us got baited hard.

[jaocoincrypto18]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand. We all knows about Trump openly criticize Bitcoin so maybe he is now using his power to shutdown it slowly in the way that looks like nothing happen but failed so hopefully he realized it now that it is not that easy to destroy Bitcoin and that he may ended up like JP Morgan.

[20kevin20]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand. We all knows about Trump openly criticize Bitcoin so maybe he is now using his power to shutdown it slowly in the way that looks like nothing happen but failed so hopefully he realized it now that it is not that easy to destroy Bitcoin and that he may ended up like JP Morgan.

You're a great example of somebody who blindly trust a source just because it's one of the top mass media websites in the USA.. It's obviously their dream to take BTC and the entire crypto market down. Otherwise, people will not only become richer as the recession gets closer but they'll also get the taste of economical freedom. That scares them institutions for sure, and they don't want to loose us.

[stompix]

Bitcoin and cryptocurrency are something that Trump cannot control. It has its own system that is beyond American control, Trump can avoid but cannot stop. There are no eternal friends and enemies but only eternal interests. Trump sees cryptocurrency as a threat to America and a gap for America's enemies to intervene in America unnoticed.

A small flaw in your speech against Trump. (not that I like the guy).
This supposed incident, which I doubt it even happened, took place in 2012, 3 years in the first presidency of Obama.

US government always try for shut down bitcoin and never give space for their people become with bitcoin and altcoin investment, many ICO not allowed for investor come from United State because their government never allowing for US citizen invest on ICO or IEO, on the bounty campaign many KYC submit do not support for United State person.

Oh, the evil usa fascist gubbermint is not allowing its citizens to lose money in scam ICOs and only to buy bitcoins.
The perfect plan to bring down BTC. Thanks for showing me the truth, I would have never guessed it since it was such a well thought and elaborated scheme.

[gentlemand]

It's obviously their dream to take BTC and the entire crypto market down. Otherwise, people will not only become richer as the recession gets closer but they'll also get the taste of economical freedom. That scares them institutions for sure, and they don't want to loose us.

Evidence, please.

They are right to warn people about it and right to be sceptical. Plenty of people will either rape themselves or get raped.

I've yet to see any actual malicious acts against it. They're trying to get it to fit in current laws as they would for anything else. It may not work but that's their job.

[ashmodeus]

well, first china , then now U.S.A , btc fail to get approval from SEC and this the end of story.
what i curious is , both china and USA ,have a lot of miners there.
and why they try to shut down BTC ?
US have a large companies engaged in the field of cryptocurrency, such as coinbase and bittrex.
Are the tax regulations not so beneficial for the government?

[TheUltraElite]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand.

Wont do be so sure about it. Trump knows the current market scenario and though he may not accept bitcoin into the government mode of payment he wont try to stop it. They more or less know who and how are using bitcoin and though they dont attempt to stop it they wont punish you for it.

We all knows about Trump openly criticize Bitcoin so maybe he is now using his power to shutdown it slowly in the way that looks like nothing happen but failed so hopefully he realized it now that it is not that easy to destroy Bitcoin and that he may ended up like JP Morgan.

Like I said, you are thinking too much. Remember the fact that Trump was the owner of several casinos in Vegas. He knows how to make money and possibly knows the importance bitcoin has.

You should do some research before accepting a news that pops up. Its said in the first line that its from the conspiracy theorists. Those who make up conclusions without having evidence or just false/fabricated evidence in order to raise a propaganda.

[gentlemand]

well, first china , then now U.S.A , btc fail to get approval from SEC and this the end of story.

Really?

Nothing to do with the Bitcoin market being incapable of fitting the SEC's remit? If it did fit perfectly then they probably would approve it, albeit reluctantly. Since it doesn't and can't be made to fit then they won't approve it.

Crypto won't receive any exceptions or charity. Because of its nature it's going to have to work to gain acceptance from places like the SEC and the likelihood is it may never manage it. It's also likely that's totally fine. In the meantime it has plenty of its own markets to be getting on with.

[BitHodler]

It's obviously their dream to take BTC and the entire crypto market down. Otherwise, people will not only become richer as the recession gets closer but they'll also get the taste of economical freedom. 

I agree with the point that governments don't want people to enjoy economical freedom, but that's not why they are trying to "shut down" crypto. I even doubt that they have such intentions to begin with.

Nearly the whole crypto market disregards the sole reason of why it exists, so what are governments really afraid of? People still trust centralized parties---parties governments can easily exercise control over. They like it more than they don't.

As for people getting rich during a recession, I really really doubt that---recessions generally take down any asset with it, where the speculative assets are being hit the hardest. Bitcoin is a speculative asset too.

[Murat]

It's not an easy task to shit down this platform, I think this platform has formed in a vast way, Billion dollar has been invested in this platform so to shut down is not only easy task but also it will bring a massive loss for the economy all around the world, In this perspective, The US government will not try to do this, Yes, they are very reluctant to run this platform in the future, even they are trying to stop initiative of Facebook's own digital currency named Libra, So every cryptocurrency is concern for the US authority, But it doesn't make any sense, If they could then they did it very earlier of Bitcoin invention, I think they will not do and they will not be capable to do this in the future.

[20kevin20]

Evidence, please.

They are right to warn people about it and right to be sceptical. Plenty of people will either rape themselves or get raped.

I've yet to see any actual malicious acts against it. They're trying to get it to fit in current laws as they would for anything else. It may not work but that's their job.

I don't think there's the need of evidence. Bitcoin eliminates the need of third parties, it's supposed to eliminate the state from the process too. I highly doubt any leader is okay with it taking even a little piece of the state's power away.

I agree with the point that governments don't want people to enjoy economical freedom, but that's not why they are trying to "shut down" crypto. I even doubt that they have such intentions to begin with.

Nearly the whole crypto market disregards the sole reason of why it exists, so what are governments really afraid of? People still trust centralized parties---parties governments can easily exercise control over. They like it more than they don't.

As for people getting rich during a recession, I really really doubt that---recessions generally take down any asset with it, where the speculative assets are being hit the hardest. Bitcoin is a speculative asset too.

I couldn't agree more with the second paragraph there, and it's kinda sad to see it's turned into an all-about-money thing. But while recessions do take down any asset with them, the price of gold soars as it's considered a safe haven asset. It's yet to be seen whether Bitcoin would be considered the same during such times.

[ajaymukund]

Personally, I feel Americans are saying this right about it. Have you always thought that creating a business in the crypto market is lucky and certainly profitable?
no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.

[iMark]

Personally, I feel Americans are saying this right about it. Have you always thought that creating a business in the crypto market is lucky and certainly profitable?
no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.

Every statement and policy of the US government always has a strong foundation and reason. Yeah, that could be a reason for them to at least put a halt to the development of bitcoin. I also admit that crypto business and investment are far more risky than the stock market. there are a lot of manipulations, coin scams, scam projects and so on, which is such a case rarely in centralized investments like in the stock market. The SEC has not yet come then make crypto investments have no legal basis, but to shutdown bitcoin is not the way out.

[cryptoknightt]

bitcoin can never be controlled by any government so i think the U.S government will never be able to beat bitcoin, bitcoin will still exist and bitcoin will still have a high selling price.

[Dr.Osh]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

[3DBrushes]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.
But yeah, USA is bad for crypto markets. They closed down Payza.

[meliodas]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.
But yeah, USA is bad for crypto markets. They closed down Payza.

Even though those countries are against to cryptocurrency they cannot stop the users of cryptocurrency. As long as there are VPNs and other ways to bypass the banning of cryptocurrency then the users will continue to exist and they will continue using the cryptocurrency. It is an indeed challenge for the cryptocurrency user but those bans for cryptocurrency are temporary because in the future, cryptocurrency will become the king of the internet because of its technology.

[Arsenyo]

The U.S Government will never get a chance to shut down Bitcoin, every time they will fail. There is no country in the whole world that can shut down it. But it could affect the market, we'd have less market liquidity and of course less adoption.

[qiwoman2]

They can't kill Bitcoin or Crypto, as it stands against the whole idea of FREEDOM AND DEMOCRACY, which is their supposed slogan. If they relegate their Citizens into using Fiat and only regulated assets/commodities, then I bet many Crypto Millionaires will leave the U.S and look for greener pastures to park their crypto assets. The BIG CORPORATIONS create so-called charitable Foundations to put all their billions in to avoid paying taxes, yet the IRS and SEC are ramming their manifesto down little people's throats because they don't want the transfer of wealth to happen through Crypto, which is inevitable. It's all a big baloney to protect the Interests of the BIG BOYS and a few feudal families that want to keep the rest of the world in poverty and slavery, even most of their own citizens. As long as the word FREEDOM exists in our vocabulary, so will Crypto for as long as WE want it to.

[DabsPoorVersion]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.
But yeah, USA is bad for crypto markets. They closed down Payza.

Even though those countries are against to cryptocurrency they cannot stop the users of cryptocurrency. As long as there are VPNs and other ways to bypass the banning of cryptocurrency then the users will continue to exist and they will continue using the cryptocurrency. It is an indeed challenge for the cryptocurrency user but those bans for cryptocurrency are temporary because in the future, cryptocurrency will become the king of the internet because of its technology.

Even if they want to shut down bitcoin, or announced banning of cryptocurrency into their country, it is nearly impossible to keep those words until the end. There will be a time in the future that they will finally accept it. US government wanted to have their hands in bitcoin, they are trying to do everything to control it and they wont stop until they do.

[desticy]

The US government is smart, it understands that attempts to completely isolate Bitcoin will lead to its even greater spread.
They went the trickier way, creating an atmosphere in the info field in which people themselves would reject bitcoin because of its danger and futility, it is these settings that the US government forms with its messengers.

[Colt81]

In my own opinion, the US government will never shutdown bitcoin because bitcoin transaction is legal in their country and bitcoin doesn't harm the economy of their country. I also think that no one could ever shutdown because as long there are people who still buys bitcoin it will never die, so bitcoin will still live.

[sana54210]

I doubt it was a really big deal but it wasn't a lie neither. Think about it, nobody paid her millions of dollars to shut down bitcoin, nobody really put hundreds of manhour into this, it was just a simple "look into shutting down bitcoin" and I think that is quite possible, if someone rich told a politician to shut down bitcoin or even bitcoin is hurting their business there is a big possibility that politician just wanted to check if it was possible at all.

Back in those days nobody knew what decentralization was so they though maybe bitcoin was like ripple or tether with a central organization controlling it, when they realized it is not it was too late anyway. So, I think this was very very early on and it was nothing major, simple check on how things work and if it could be shut down at all, not an all in fight against bitcoin with money and lawyers and many other whatever, just a quick research, so I think it is true story but not as big of a deal as the title suggests.

[imstillthebest]

In my own opinion, the US government will never shutdown bitcoin because bitcoin transaction is legal in their country and bitcoin doesn't harm the economy of their country. I also think that no one could ever shutdown because as long there are people who still buys bitcoin it will never die, so bitcoin will still live.

is it really legal on thier own country ? last time there are post about mining restriction and recently a news about trump dislikes btc  . its really possible that u.s are tryin to shut down btc even if btc does not harm them  .   btc can harm or cannot depending on the use of the public but its also possible for it to be banned in whatsoever reason depending on your countries government  but shutting it down worldwide ? no thats not possible

[Brunus]

Surely, ALL governments, not only those of the United States, try to boycott the spread of bitcoin in every way, perhaps by proposing alternative currencies.
The war will be long, but the traditional states are destined to lose.

[Flor1982]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

This is true specially that the current US administration is openly criticized and declared that they are against the Bitcoin existence but not the reasons that you have mentioned which are already common issues but because they did not just like the concept of it in talking of business and investment affairs.

[Faxmate]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand. We all knows about Trump openly criticize Bitcoin so maybe he is now using his power to shutdown it slowly in the way that looks like nothing happen but failed so hopefully he realized it now that it is not that easy to destroy Bitcoin and that he may ended up like JP Morgan.

Bitcoin is not the currency of any particular country especially of those ones which are under direct political influence of United States of America. Bitcoin is the currency of world and the p coming super power i.e. china will definitely support bitcoin or specifically promote it if USA is trying to shut it down. People understand that trump is conspiring something against bitcoin.

[ethereumhunter]

Surely, ALL governments, not only those of the United States, try to boycott the spread of bitcoin in every way, perhaps by proposing alternative currencies.
The war will be long, but the traditional states are destined to lose.

And for US government, they can do anything to shut down bitcoin, but I don't think that they can do that because people in the US who are using bitcoin will find a way to use bitcoin still. The US government, with all of their resources, will try to shut down bitcoin, but the problem is they need to shut down the internet connection too if they want to shut down bitcoin. That means, they will see all people in the US will get disappointed and maybe they will demo to the government.

[inanilujimi]

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

I agree with you, man.
no one will be able to stop bitcoin be it a big country like the US though.
the freedom that currently exists cannot be taken away by anything.

[kayvie]

Surely, ALL governments, not only those of the United States, try to boycott the spread of bitcoin in every way, perhaps by proposing alternative currencies.
The war will be long, but the traditional states are destined to lose.

And for US government, they can do anything to shut down bitcoin, but I don't think that they can do that because people in the US who are using bitcoin will find a way to use bitcoin still. The US government, with all of their resources, will try to shut down bitcoin, but the problem is they need to shut down the internet connection too if they want to shut down bitcoin. That means, they will see all people in the US will get disappointed and maybe they will demo to the government.

They can't really shut down bitcoin, they can only stop the citizen of the US from using bitcoin by closing any connection in all cryptocurrency websites. But I don't think that this is really their plan, the US government wanted to control everything especially when it comes to investment and the development of technology, and bitcoin is one of their interests.

[ReiMomo]

We don't need to pay attention about plan of those who want to try killing Bitcoin, because that can never happen. They tried it several times but still failed. So I think we should not be afraid of their threats, we will continue to give people a good understanding about Bitcoin so they can really accept it.

Well, in that case, the government is afraid to bitcoin the reason why they want it to shut down. They can shut it down as much as they want but I do believe that they won't succeed because the government has no access to bitcoin the reason why it's hard for them to shut it down because it is decentralized and no body's own. There are still many countries adopted and accepted bitcoin especially in south Asia.

[BitHodler]

the freedom that currently exists cannot be taken away by anything.

That freedom can be severely limited though, especially when governments start to crack down on fiat onramps---if there are no legal fiat onramps, most of the retail and especially institutional capital will not enter.

Instead of pointing out how it would help Bitcoin become more peer to peer because transactions will move underground, think for a second account the ecosystem, the network, development, and so on.

We should be happy that most stable countries haven't gone that far yet, and lets hope they won't ever have to, because I rather see Bitcoin and everything around it grow at current pace in a healthy manner. Much better.

[jostorres]

i never like this opinion of new coin libra , and i am sure it can creat problem for bitcoin in the future if libra creating or launching , i am sure that there is relation between Tried  ban bitcoin and creating libra coin , i hope facebook will cancel this project libra coin because it is not beneficial to the future of Bitcoin

I don’t think that it will ever create any problem for bitcoin, because Libra coin is not a centralized coin, and secondly Libra coin of Facebook will operate a stable coin, and being a stable coin, they will only become issue for most stable coins that we have like that of tether and others.

There are many people like you out there that dislike Facebook, which means they will really have few users of their coin, the only reason why there might be high purchase at the onset is because of the hype, and after the hype, it will return back to reality where people would have bought the coin before they realize that it is just a simple stable coin that will not have any form of growth when it is released and in future also. Bitcoin is very safe with any system that is being released.

[atjiat]

It seems to me that there is no need to disseminate information that is controversial.  No need to put Bitcoin and Libra on the same plane.  The fact is that with regard to Bitcoin in the USA, everything is not so bad, since Bitcoin futures trading has already started and in some States of the USA at the official level cryptocurrency is recognized as an official digital asset, as well as a digital security.  In addition, I would not advise literally taking all those words that Trump voices, since any statements can be interpreted in their own way.  And regarding Libra there are a lot of questions that indicate problems with this project.  I have long said that the project will either never be implemented.

[cotton ball]

The U.S. Government always tried to make bitcoin down with they never give allowing for their citizen become investor with bitcoin and altcoin, bitcoin and altcoin in United State not only illegal but also not available for investing and make bitcoin become investment assets. Some country only bitcoin as illegal for using as transaction but can be investment assets, in US they can't have bitcoin although now for payment because United State government want to make bitcoin down.

[Sithara007]

The heading is very misleading. The Americans never tried to shut down Bitcoin. On the other hand, one top ranking official was asked to study about the possible methods to destroy Bitcoin back in 2011/12, when Wikileaks started to accept donations in cryptocurrency. But as of now, there is no evidence to claim that they actually went ahead with any of the methods. And to be honest, they could have easily destroyed Bitcoin in 2012, if they wanted to do that. The hashpower was very low and it was very much possible to launch a 51% attack and destroy the reputation of the coin.

[enhu]

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.  

It is obvious that every government is hesitant of this trending digital currency called Bitcoin.  It is also normal for every country to have a hostile initial reaction to something that they thought threaten their curriency's economic power.  So this is actually no news.  Resistance is expected but will soon be overcome by Bitcoin.  Government will choose to coexist with it because of the possibility of benefits they can get if they adopt, adapt and utilize Bitcoin and the other cryptocurrency.

I don't see anything that says they are going to shutdown Bitcoin. Forebes despite being popular are still into clickbait.

Bitcoin will be opposed there is no doubt about any government will want it not to be used by their people since its obviously a threat to national currency. US had already knew BTC long before Trump sit his office, so why now. The government didn't stop it before becomes this huge because it would seem to appear now that they are helpless in stopping BTC. The only and best thing to do is collect tax as what government had always been doing, they are good at it.

[bitgolden]

There are ways to regulate something without shutting it down tho. Like they are doing KYC for example, which means if terrorists or people who just want to launder money needs to find bunch of ID's from people and also have bank accounts of those people and send money to those places and then somehow cash them out to their own places. Its literally much simpler to just own a place and make it look like its more successful than it is, car wash comes to mind (thanks to breaking bad).

Bitcoin is already heavily regulated if you want to commit a crime using it, hell you can scam people out of their crypto and be fine but if you scam governments and evade taxes using crypto you will be caught and that is why people won't be using crypto for illegal activities when there are easier methods.

[MathGame]

They must be foolish for doing that. how can you shut down something that is fully decentralized? someone should please tell those geniuses that are trying to shut down bitcoin from anywhere around the world that bitcoin has a peer-to-peer decentralized network that cannot be shut down.

[3DBrushes]

I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease

But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.
But yeah, USA is bad for crypto markets. They closed down Payza.

Even though those countries are against to cryptocurrency they cannot stop the users of cryptocurrency. As long as there are VPNs and other ways to bypass the banning of cryptocurrency then the users will continue to exist and they will continue using the cryptocurrency. It is an indeed challenge for the cryptocurrency user but those bans for cryptocurrency are temporary because in the future, cryptocurrency will become the king of the internet because of its technology.

Most of the users want to trade crypto to Fiat or in the end they want to earn more Fiat. If the government legally bans crypto transactions then it will take a huge hit on traders. They will be feared. Ofcourse they can use VPNs but the crypto buyers will be reduced gradually and sellers will be increased because at that time everyone wants to get rid of their cryptos.

[NathanJB]

There are ways to regulate something without shutting it down tho. Like they are doing KYC for example, which means if terrorists or people who just want to launder money needs to find bunch of ID's from people and also have bank accounts of those people and send money to those places and then somehow cash them out to their own places. Its literally much simpler to just own a place and make it look like its more successful than it is, car wash comes to mind (thanks to breaking bad).

Bitcoin is already heavily regulated if you want to commit a crime using it, hell you can scam people out of their crypto and be fine but if you scam governments and evade taxes using crypto you will be caught and that is why people won't be using crypto for illegal activities when there are easier methods.

Regulation came out much later as another option. Perhaps that is their new approach after they failed in all their previous strategies. They tried to shut it down and they failed. Perhaps they made countless of attempts, nobody is counting all their efforts. But they apparently failed every time. And here comes regulations by way of KYC, audits, and other processes that involve accreditation, licensing, and permits. These are still attempts to control Bitcoin. They shifted to this approach because they cannot totally shut down Bitcoin.

[electronicash]

There are ways to regulate something without shutting it down tho. Like they are doing KYC for example, which means if terrorists or people who just want to launder money needs to find bunch of ID's from people and also have bank accounts of those people and send money to those places and then somehow cash them out to their own places. Its literally much simpler to just own a place and make it look like its more successful than it is, car wash comes to mind (thanks to breaking bad).

Bitcoin is already heavily regulated if you want to commit a crime using it, hell you can scam people out of their crypto and be fine but if you scam governments and evade taxes using crypto you will be caught and that is why people won't be using crypto for illegal activities when there are easier methods.

banks have limitations when it comes to how much one could withdraw. different countries may have different laws regarding this but in my country we are only allowed to withdraw about less than $10K a day and banks will probably be alarmed when suddenly one person will withdraw such amount every day, probably even every month.
if someone don't want to raise suspicions he'd rather make it gradual stay stealth under the radar.

[3DBrushes]

There are ways to regulate something without shutting it down tho. Like they are doing KYC for example, which means if terrorists or people who just want to launder money needs to find bunch of ID's from people and also have bank accounts of those people and send money to those places and then somehow cash them out to their own places. Its literally much simpler to just own a place and make it look like its more successful than it is, car wash comes to mind (thanks to breaking bad).

Bitcoin is already heavily regulated if you want to commit a crime using it, hell you can scam people out of their crypto and be fine but if you scam governments and evade taxes using crypto you will be caught and that is why people won't be using crypto for illegal activities when there are easier methods.

banks have limitations when it comes to how much one could withdraw. different countries may have different laws regarding this but in my country we are only allowed to withdraw about less than $10K a day and banks will probably be alarmed when suddenly one person will withdraw such amount every day, probably even every month.
if someone don't want to raise suspicions he'd rather make it gradual stay stealth under the radar.

But don't you think $10K a day is too much for a common man like us. Why would one want to withdraw so much amount of money and risking himself by holding cash?
This limit can also protect customers from fraudsters as they can't empty someone's account completely.

[South Park]

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

And since Mark is an open target unlike Satoshi, he is now invited to countless hearings. He has to appear in countless meetings and investigations and what not and not just within the US but also in other countries around the world. Satoshi was indeed a genius. He knew what is to come with his invention, and he was completely prepared for it right from the get-go. He was not someone the governments can easily track and identify.

This is why I have always believed that satoshi was a single individual instead of a team of people like some like to speculate, if bitcoin was created by a team one of those members would have talked already and revealed the identities of the rest of the group, the fact that has not happened tells me satoshi was composed of a single person working alone, which means that he is a genius and that he knew from the beginning that all of what it is happening now with Libra could have happened to him if he did not remained anonymous.

[electronicash]

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

And since Mark is an open target unlike Satoshi, he is now invited to countless hearings. He has to appear in countless meetings and investigations and what not and not just within the US but also in other countries around the world. Satoshi was indeed a genius. He knew what is to come with his invention, and he was completely prepared for it right from the get-go. He was not someone the governments can easily track and identify.

This is why I have always believed that satoshi was a single individual instead of a team of people like some like to speculate, if bitcoin was created by a team one of those members would have talked already and revealed the identities of the rest of the group, the fact that has not happened tells me satoshi was composed of a single person working alone, which means that he is a genius and that he knew from the beginning that all of what it is happening now with Libra could have happened to him if he did not remained anonymous.

Satoshi knew he could even be killed if he reveal himself during that time when he was actively communicating with the team and so he didn't after all he seem to have no intention to be famous, he knew privacy is more important. i suspect he was actually a well known man from the start that is why he knew all these could happen. Mark will soon just be spending all his time attending to all these hearings. there may be more projects to be shutdown if the government will really be pursuing to stop crypto.

[Webetcoins]

We don't need to pay attention about plan of those who want to try killing Bitcoin, because that can never happen. They tried it several times but still failed. So I think we should not be afraid of their threats, we will continue to give people a good understanding about Bitcoin so they can really accept it.

Well, in that case, the government is afraid to bitcoin the reason why they want it to shut down. They can shut it down as much as they want but I do believe that they won't succeed because the government has no access to bitcoin the reason why it's hard for them to shut it down because it is decentralized and no body's own. There are still many countries adopted and accepted bitcoin especially in south Asia.

Not only USA but many other countries are afraid of bitcoin because they cannot rule it. Bitcoin is not giving all power to governments rather it is giving power to common people, to those who make investment into coins. Bitcoin could not be shut down by anyone because of the reason you have discussed already. It is decentralized.

[bitcoinst]

Bitcoin is not subject to control, at least in the usual understanding of control.

It is foolish to think that the governments of other countries will be able to somehow block Bitcoin, for example, by making it outside the sign, imagine how the price rises.
In one of the African countries, there was already a precedent, the price of bitcoin there rose to $ 50,000.

However, the government can form a frightening negative image of cryptocurrency in society.

[Oneandpure]

US government want try to shut down bitcoin to raised their USD payment value, Government in the world want to allow how Unite State payment using USD, they have bilateral relations for each country with US for using USD as payment when paying for import and export product, if bitcoin have popular USD will left by investor.

[plast555]

I don't think any country's power will be enough to destroy Bitcoin. But I understand why they oppose Bitcoin. Because cryptocurrencies prevent banks and states from exploiting people. That's why it's clear that they're deeply opposed to cryptocurrencies.

But cryptocurrencies cannot be shut down. We live in a free world under free economic conditions and no one can stop it.

[SummerBliss]

It was easy to shut down the crypto market in the past when it did not gain much attention from the investors in sthe starting phase but now the market has grown vast and its impossible to decline the usage of these coins like bitcoin.The governments are really afraid of these decentralized coins on which they have no control and thats why they use different ways to nib it but they also want to implement blockchain technology in their system.But nothing can stop the growth and usage of bitcoin around the world even not the US government as they have tried earlier also and failed each time.So be positive.

[tungaqhd]

It was easy to shut down the crypto market in the past when it did not gain much attention from the investors in sthe starting phase but now the market has grown vast and its impossible to decline the usage of these coins like bitcoin.The governments are really afraid of these decentralized coins on which they have no control and thats why they use different ways to nib it but they also want to implement blockchain technology in their system.But nothing can stop the growth and usage of bitcoin around the world even not the US government as they have tried earlier also and failed each time.So be positive.

Indeed, the U.S. government was too subjective and missed the opportunity to close bitcoin at an early stage when bitcoin and the system did not receive too many major investors or any attention but only for a short time, the system and the crypto sector have been overgrown, bitcoin being the most prominent figure in this field, the shut down will face many protests and face many traders that have a great impact on the economy. Instead of trying to tightly control this system, the U.S. government, even other countries, should be flexible with bitcoin to create an additional source of profits for the nation.

[fullhdpixel]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand.

Wont do be so sure about it. Trump knows the current market scenario and though he may not accept bitcoin into the government mode of payment he wont try to stop it. They more or less know who and how are using bitcoin and though they dont attempt to stop it they wont punish you for it.

They might have tried that and after several failure, I think they now want to look for a way to actually incorporate it into their own system, and I think that they will only accept it as digital asset as against using it as currency, so everything they will do in their power right now too is to ensure that they changing people's mindset towards accepting it as digital asset which they think it is even more beneficial to them as they will be able to create platforms that will make it taxable.

If bitcoin system was possible to shut down, I am sure that even countries like China and France would have joined hand with the United states to do so, but I think they have already seen it as something that is impossible which they will never even think towards that angle of shutting it down again.

[RealMalatesta]

It was still not that easy, you need only one person to keep it alive which means even when it was just 5 people using it you would have to find all of them and considering the US government failed to find just satoshi nakomoto himself, at worst case he would keep it alive himself, however that would have hurt the adoption and bitcoin wouldn't be what it is today.

It would be one of the failed projects of the past where they did tried to create something like bitcoin but failed, bitcoin would have been one of them. Leaving that aside bitcoin has created a system where everyone is the ruler of bitcoin, we are all equal in the eyes of blockchain so you can have as much power as you may think but as long as the general public doesn't support your idea it won't be changed at all, that is why decentralization is so important.

[Xxmodded]

The government has always been against anything that opposes them or they don't have control over. That have been their number one problem with Bitcoin as BTC seeks to put power back in the hands of the people thanks to its decentralized nature. What's more? In a decade alone, Bitcoin has made significant progress in terms of adoption with hundreds if not thousands of people joining every month. Not to mention lotta retail stores currently accept bitcoin as a means of payment. We even have bitcoin ATMs across several countries.

No matter what they do, They can't stop the decentralization movement!

Government want to control over with bitcoin if become legal, but when government can't control bitcoin they try for shut down bitcoin transaction and always fight with bitcoin become lower price, the power of bitcoin on investor hand and how ever many country banned bitcoin if investor trust and invest bitcoin will be on the top currencies, bitcoin have been banned in China but price bitcoin just down few days and back to higher again.

[South Park]

Bitcoin is not subject to control, at least in the usual understanding of control.

It is foolish to think that the governments of other countries will be able to somehow block Bitcoin, for example, by making it outside the sign, imagine how the price rises.
In one of the African countries, there was already a precedent, the price of bitcoin there rose to $ 50,000.

However, the government can form a frightening negative image of cryptocurrency in society.

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

[Mometaskers]

Who knows if they still weren't trying to kill it... or worse, coopt it.

About Libra though, I don't feel sorry for it. It's an idea worth killing in the crib.

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

This. Who knows who those whales are, whether they are actual people or institutions. It's like using one of bitcoin's fundamental virtue against it.

[TheUltraElite]

If bitcoin system was possible to shut down, I am sure that even countries like China and France would have joined hand with the United states to do so, but I think they have already seen it as something that is impossible which they will never even think towards that angle of shutting it down again.

It more or less points to the direction that bitcoin is not going to be stopped but people are going to be punished for laundering money through it. I believe that is a good thing for the future. Let people use crypto as they wish to but punish those who try to use it for wrong purposes. There is still the problem of governments snooping on your transaction and that how would happen is still a question mark.

Shutting down bitcoin is not possible as well. It would mean shutting down the internet/electricity. Though a regulation may be needed in future.

[7788bitcoin]

Shutting down bitcoin is not possible as well. It would mean shutting down the internet/electricity. Though a regulation may be needed in future.

On a different idea what happens if all the big mining farms are forced to shut down by the governments around the world, it is possible as it is easy to identity the big farms easily and if the governments around the world takes a collective decision to shut all these big farms then it will be easier for the government to manipulate bitcoin and take complete control. This is just a hypothetical situation but it is possible.

[atjiat]

Shutting down bitcoin is not possible as well. It would mean shutting down the internet/electricity. Though a regulation may be needed in future.

On a different idea what happens if all the big mining farms are forced to shut down by the governments around the world, it is possible as it is easy to identity the big farms easily and if the governments around the world takes a collective decision to shut all these big farms then it will be easier for the government to manipulate bitcoin and take complete control. This is just a hypothetical situation but it is possible.

Today, many countries have a different attitude to cryptocurrency, and in particular to Bitcoin.  As an example, the US negative attitude to Bitcoin, but nevertheless in some States, cryptocurrency was recognized as digital assets.  In Germany, for example, startups are held at the official level, with the help of which blockchain will be introduced into the economy and use cryptocurrency on an ongoing basis.  Japan in general is practically a leader among countries that are positive about cryptocurrency.  Well, if countries forbid mining, then in any case there will be rebellious countries, for example, from the sanctions list, which will be able to provide better opportunities for miners.

[el kaka22]

Of course they have "looked into it", I mean we wouldn't expect anything less from the US government to be honest with you, it takes power from the rich and gives power to poor, why would they want something like that.

Rich people bribe the politicians, politicians do something that makes rich people richer, and rich people keep paying bribes to politicians with the money they make, that has been like that for years. There are few politicians like Bernie Sanders and now AOC that doesn't take big money and bribes but the generally almost all of them does take it, it is just how it is in USA.

So, when bitcoin made other people rich politicians tried to save their buddy rich people but since bitcoin is decentralized there is no way they could have closed it.

[South Park]

If bitcoin system was possible to shut down, I am sure that even countries like China and France would have joined hand with the United states to do so, but I think they have already seen it as something that is impossible which they will never even think towards that angle of shutting it down again.

It more or less points to the direction that bitcoin is not going to be stopped but people are going to be punished for laundering money through it. I believe that is a good thing for the future. Let people use crypto as they wish to but punish those who try to use it for wrong purposes. There is still the problem of governments snooping on your transaction and that how would happen is still a question mark.

Shutting down bitcoin is not possible as well. It would mean shutting down the internet/electricity. Though a regulation may be needed in future.

It is possible that governments are looking for ways to try to filter the bitcoin traffic from all the other traffic that happens on the Internet, if they are somehow capable of doing this they could shut down bitcoin without shutting down the Internet, I do not know how likely this can be since I am not an expert on the topic, but that could be another way in which the governments could try to shut down bitcoin, but I'm sure the developers could find a way around it if they had to.

[Bitcoin Seller]

Bitcoin is not subject to control, at least in the usual understanding of control.

It is foolish to think that the governments of other countries will be able to somehow block Bitcoin, for example, by making it outside the sign, imagine how the price rises.
In one of the African countries, there was already a precedent, the price of bitcoin there rose to $ 50,000.

However, the government can form a frightening negative image of cryptocurrency in society.

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

America is the most Bitcoin-friendly country. Despite all these attempts to legalize crypto and take taxes for it, the USA lets people do with BTC and alts whatever they want. Officially, over 14% (now, probably more) hold cryptocurrencies. In reality, this is about 25%. In a couple of years, 40% of Americans will deal with virtual money. By the way, Trump joked that in a couple of years (being not a president), he will buy BTC for almost all the money he has.

[alyssa85]

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand.

Wont do be so sure about it. Trump knows the current market scenario and though he may not accept bitcoin into the government mode of payment he wont try to stop it. They more or less know who and how are using bitcoin and though they dont attempt to stop it they wont punish you for it.

They might have tried that and after several failure, I think they now want to look for a way to actually incorporate it into their own system, and I think that they will only accept it as digital asset as against using it as currency, so everything they will do in their power right now too is to ensure that they changing people's mindset towards accepting it as digital asset which they think it is even more beneficial to them as they will be able to create platforms that will make it taxable.

If bitcoin system was possible to shut down, I am sure that even countries like China and France would have joined hand with the United states to do so, but I think they have already seen it as something that is impossible which they will never even think towards that angle of shutting it down again.

I think once they realised that it wasn't really anonymous but was a public ledger system, that made them happier about it. After all no need to get warrants to look at someone's bank transactions - it's all there on the public ledger.

[enhu]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

[ice098]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

[oktana]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

Sentiment changes very quickly, and the blockchain starts entering the trade war you mentioned. Jinping is good at seeing opportunities even though he doesn't say bitcoin at all. Trump will think twice after yesterday's China announcement.

blockchain development can be used potentially and the US should not take the anxious attitude first. This actually benefits speculators against crypto, especially bitcoin because differences of opinion have emerged from two different economic giants.

[eaLiTy]

Sentiment changes very quickly, and the blockchain starts entering the trade war you mentioned. Jinping is good at seeing opportunities even though he doesn't say bitcoin at all. Trump will think twice after yesterday's China announcement.

I do not see any hidden message from Xi Jinping about BTCitcoin, all he did is appreciate the blockchain technology and it has far more meaning from what we see from the surface, the Chinese government can come up with their own version of crypto currency and i do not think a country like China will accept BTCitcoin just like that as they like to restrict what people does and BTCitcoin gives you the freedom to trade and transact.

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

Trump is a real estate guy and he does not understand technology and i have never seen him speak highly about the new market either and i am not expecting it from him either. It is a fact that BTCitcoin has grown and it cannot be shut at this stage any government could have during the initial phase but not anymore.

[Wintersoldier]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

But considering the business by Trump, it is not inclined in the track of cryptocurrency, in that case, he is subject to be an opposition to what cryptocurrency is achieving in the latter future. The only way we can make him turn the table is when he realizes how the world is now changing to cryptocurrencies. In this case, he will enter the market and invest his assets onto it. We are all bound to the changes which crypto is experiencing right now, if both of these huge country enter the race officially, every country will follow.

[ice18]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

Do you think US government and Trump administration are not doing anything for now in relation to bitcoin and blockchain technology? Im sure they are secretly studying and planning what will be the future actions in relation to digital currency and blockchain technology, for now they are against crypto but once they cannot control the momentum and user adoption they will follow what China is doing right now.   

[bitbunnny]

From my point of view this is just another conspiracy theory (and it seems that Bitcoin users love them very much).
US government is aware of new emerging technologies and that cryptocurrencies are one of them and that they are inevitable in any modern society. Also, it's very well aware what new technologies, including crypto, mean in competition with other countries, especialy Russia and China
Trump is a businesses man who doesn't know much about Bitcoin and cryptocurrencies but he certainly didn't try to do something like that, he knows what would that mean for the position of US.

[jets567]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

Do you think US government and Trump administration are not doing anything for now in relation to bitcoin and blockchain technology? Im sure they are secretly studying and planning what will be the future actions in relation to digital currency and blockchain technology, for now they are against crypto but once they cannot control the momentum and user adoption they will follow what China is doing right now.  

I somehow disagree with what you've said that US is against crypto because Bitcoin and other cryptocurrency are regulated as both currency and as security under US law. They don't fully adopt crypto but they recognized it and as far as I know, most of the regulations for cryptocurrency are made by US regulators and then followed by other countries.

[BitHodler]

Trump is a businesses man who doesn't know much about Bitcoin and cryptocurrencies but he certainly didn't try to do something like that, he knows what would that mean for the position of US.

Even if Trump doesn't exactly know what Bitcoin is, his advisors do and forward every detail that matters directly to him. It's impossible for him to not know much about Bitcoin with how even the federal reserve is talking about it.

I'm sure there have been a lot of closed-door meetings where they discussed the potential damage Bitcoin could inflict on their financial stability. It has grown past that joke no one would care about. It's impossible to ignore Bitcoin at this stage.

The funny part about Trump tweeting negatively about Bitcoin is the fact that it actually helps Bitcoin gain global exposure, so his attempt to discourage people from using it works against him.

[South Park]

I think once they realised that it wasn't really anonymous but was a public ledger system, that made them happier about it. After all no need to get warrants to look at someone's bank transactions - it's all there on the public ledger.

It is true that bitcoin is not truly anonymous and that everything you do is on the blockchain and available for everyone to see but there are some issues with that theory, first of all under the current system the only ones than can see those transactions are the banks so now one power they had over anyone else is gone and I am sure they do not like that, another problem is that you need to first link a person to an address and unless you do that you only know what happened but not who did it.

[boltz]

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

[darewaller]

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

This. Who knows who those whales are, whether they are actual people or institutions. It's like using one of bitcoin's fundamental virtue against it.

From what I have been able to analyze, I think that both individual and institution can be termed as whales. To manipulate the market really requires huge amount of money, and with the money that is involved in manipulating the market, only the very rich people and institution can do that, but what I still don’t understand concerning individual whale is that, they already have so much money because really, it takes millions of dollars to manipulate the market and see the effect instantly.

If they are so rich, I see no reason why they should still come to the market to manipulate it when they know that majority of their action on the market will affect the innocent masses that are just trying to have some means of investment for their future in life.

[k@suy]

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

Yes they cannot shutdown it, people will do their way so that government cant stop them. There are other countries as well that prohibits their citizens to use and purchase bitcoin but still people continues to have it. If their network provider ban any bitcoin sites still they can browse to it, if they know how to surf with other ip address that cannot be block by their networks.

[Oneandpure]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin.

Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.

Now, it's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Haun, who is now the first female general partner at U.S. venture capital firm Andreessen Horowitz and co-heads its $350 million cryptocurrency fund, has worked closely with social media giant Facebook in development of its troubled libra cryptocurrency project.

U.S. government opposition to bitcoin and cryptocurrencies has become far more transparent since Donald Trump entered the White House.

Earlier this year, U.S. president Trump sent shockwaves throughout the bitcoin and cryptocurrency industry when he tweeted a vicious attack on Facebook's bitcoin rival plans, branding it and bitcoin "unregulated crypto assets."

Others in the U.S. government were quick to tow the line, with U.S. Treasury secretary Steven Mnuchin adding his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Elsewhere, Apple chief executive Tim Cook has warned companies against creating their own cryptocurrencies.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

Facebook's libra has been under fire over the last week, with internet payments company PayPal, one of the Libra Association's founding members, suddenly pulling out of the group on Friday.

Mark Zuckerberg, Facebook founder and chief executive, had hoped to work with global regulators to clear libra's path to launch in June 2020 but appears to have underestimated the level of opposition to the scheme.

Don't worry if US government want to shut down bitcoin because still have bigger country want to adopt and legal using bitcoin transaction, China want to make bitcoin become their payment transaction and President of China have ask to their economic minister to adopt and legal using bitcoin and altcoin as transaction payment, they will give positive way for bitcoin and altcoin in China.

[daianapotter]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin.

Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.

Now, it's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Haun, who is now the first female general partner at U.S. venture capital firm Andreessen Horowitz and co-heads its $350 million cryptocurrency fund, has worked closely with social media giant Facebook in development of its troubled libra cryptocurrency project.

U.S. government opposition to bitcoin and cryptocurrencies has become far more transparent since Donald Trump entered the White House.

Earlier this year, U.S. president Trump sent shockwaves throughout the bitcoin and cryptocurrency industry when he tweeted a vicious attack on Facebook's bitcoin rival plans, branding it and bitcoin "unregulated crypto assets."

Others in the U.S. government were quick to tow the line, with U.S. Treasury secretary Steven Mnuchin adding his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Elsewhere, Apple chief executive Tim Cook has warned companies against creating their own cryptocurrencies.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

Facebook's libra has been under fire over the last week, with internet payments company PayPal, one of the Libra Association's founding members, suddenly pulling out of the group on Friday.

Mark Zuckerberg, Facebook founder and chief executive, had hoped to work with global regulators to clear libra's path to launch in June 2020 but appears to have underestimated the level of opposition to the scheme.

Don't worry if US government want to shut down bitcoin because still have bigger country want to adopt and legal using bitcoin transaction, China want to make bitcoin become their payment transaction and President of China have ask to their economic minister to adopt and legal using bitcoin and altcoin as transaction payment, they will give positive way for bitcoin and altcoin in China.

China always going in the opposite direction than USA xD If i dont remember bad, a few years ago it was prohibited to mine bitcoin or have it.

[BigBos]

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

in fact I have also often heard resistance from the U.S government regarding this matter, and I think this will indeed happen. this might be the reason why some projects also require KYC and forbid the people of U.S to be involved. however this has happened long ago. I suggest to focus on other things than this.

[Andrews193]

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

in fact I have also often heard resistance from the U.S government regarding this matter, and I think this will indeed happen. this might be the reason why some projects also require KYC and forbid the people of U.S to be involved. however this has happened long ago. I suggest to focus on other things than this.

Not only in the US government, almost every other country in the world has protests when they know about bitcoin and the extent to which bitcoin can operate but many years passed, governments' attention to bitcoin is still not high, although to this day, they have realized the problem from bitcoin, but trying to shut down bitcoin has been meaningless. Bitcoin is too independent, so as you say, listening to similar information is unnecessary, focusing more on the issues that would be profitable would be better.

[fullhdpixel]

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

Just a statement of their interest in blockchain is what really made the value of bitcoin to spike few days ago, and we can imagine how much the market will boom if they eventually release their own Blockchain. There is nothing that china can do again to really short down the system of cryptocurrency, I think that it is already too late to do that.

[SaShiRaJaVu]

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

The Chinese government will be implementing the blockchain technology and there is no one denying that and all the countries will be implementing it in the future and if the US government wanted to ban bitcoin they could have already done that by forcing the exchanges to shut down but the only restrictions as far as i know is against the scam ICO projects and it was a good decision by their authorities.

[alexsandria]

As expected to developed countries though. They don't want to take the risk 'cause it might be the very cause of their economic crisis. Besides their economy are all looking well nothing to be worried about or to cover up for them to accept bitcoin unlike Venezuela. Even the US citizens majority are trusting their bank and the government.

[Oneandpure]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

[styca]

It doesn't matter if any government tries to shut down Bitcoin - they won't succeed.
This is the power of a decentralised currency. It is beyond government control. It is borderless, and there is no figurehead whom the governments can take to court.
It doesn't matter how hard they try, Bitcoin will survive and prosper. It is good that crypto is now being seen as a threat to the established interests.

[Memminger]

It doesn't matter if any government tries to shut down Bitcoin - they won't succeed.
This is the power of a decentralised currency. It is beyond government control. It is borderless, and there is no figurehead whom the governments can take to court.
It doesn't matter how hard they try, Bitcoin will survive and prosper. It is good that crypto is now being seen as a threat to the established interests.

Not totally in my opinion. Governments can do something about it. I think it would significantly bring prosperity to Bitcoin and the crytoworld if somehow the government would accept it but of course with reservation and proper legalization in order to have a solid ground if ever any disputes would arise since after all cryptocurrency is still a currency -- a money. We spend it in different ways and some would take advantage of it. With the government at its back, it would create a healthy environment in the cryptoworld and cryptocurrency would be seen in a new lense.

[Aying]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

[Mike Mayor]

Trump is a businesses man who doesn't know much about Bitcoin and cryptocurrencies but he certainly didn't try to do something like that, he knows what would that mean for the position of US.

Even if Trump doesn't exactly know what Bitcoin is, his advisors do and forward every detail that matters directly to him. It's impossible for him to not know much about Bitcoin with how even the federal reserve is talking about it.

I'm sure there have been a lot of closed-door meetings where they discussed the potential damage Bitcoin could inflict on their financial stability. It has grown past that joke no one would care about. It's impossible to ignore Bitcoin at this stage.

The funny part about Trump tweeting negatively about Bitcoin is the fact that it actually helps Bitcoin gain global exposure, so his attempt to discourage people from using it works against him.

Sensationalist Americans though. Trumps an idiot and everyone knows it. His ignorance is insane and the things he thinks up and says.... -_-
It is just paranoia and if he really does have advisers telling him all about the dangers of bitcoin then I really do not know what to say, that is taking it so far. I think they inflict it themselves on their financial stability, I mean they running on a system of constant debt.

[South Park]

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

The Chinese government will be implementing the blockchain technology and there is no one denying that and all the countries will be implementing it in the future and if the US government wanted to ban bitcoin they could have already done that by forcing the exchanges to shut down but the only restrictions as far as i know is against the scam ICO projects and it was a good decision by their authorities.

This is because despite their protests governments can see the potential of this technology, what they do not like is its decentralized nature but they think that if they are the ones in control of the technology then they will have unparalleled power over the lives of their citizens, this is why powerful countries still did not banned cryptocurrencies because despite the threat they pose to them they also see the benefits that a centralized cryptocurrency could bring to them.

[Faxmate]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it.

[Xxmodded]

I think once they realised that it wasn't really anonymous but was a public ledger system, that made them happier about it. After all no need to get warrants to look at someone's bank transactions - it's all there on the public ledger.

It is true that bitcoin is not truly anonymous and that everything you do is on the blockchain and available for everyone to see but there are some issues with that theory, first of all under the current system the only ones than can see those transactions are the banks so now one power they had over anyone else is gone and I am sure they do not like that, another problem is that you need to first link a person to an address and unless you do that you only know what happened but not who did it.

United State government not friendly for bitcoin and altcoin, they always try to destroy and shut down bitcoin become legal transaction and investment assets, how ever bitcoin and altcoin more profitable as investment assets for long term than we have save and buy USDT money. Bitcoin can increase more than 100% and USDT looks inflation with every day have lower price, this reason why US government want to banned using bitcoin as legal currency.

[karanggatak]

some governments are always like that they try so that bitcoin cannot develop. because they fear that bitcoin can be a threat to their currency. they always regulate and control the people's economy with national currencies. so it's natural that they don't like and want to turn off decentralized bitcoin. but I am optimistic that not easily turn off bitcoin. because now bitcoin has developed rapidly, has a large community, capitalization and trading volume.

[Tungsten-1]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it.

There could always be a middle way where both extremes can meet such as in the case of governments portraying centralization and bitcoin representing decentralization. Government if work smartly can use bitcoin and it potential for increasing economic stability and providing jobs to unemployed people. State can launch programs involving bitcoin helping unemployed people in becoming useful for the state.

[Sirait]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

Bitcoin is hated by many world leaders because it is not centralized. I am very confident that in the future there will be more world leaders who develop their cryptocurrency as opposed to Bitcoin.

remember. Bitcoin cannot shut down, Bitcoin can only be opposed.

[Serco]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

Bitcoin is hated by many world leaders because it is not centralized. I am very confident that in the future there will be more world leaders who develop their cryptocurrency as opposed to Bitcoin.

remember. Bitcoin cannot shut down, Bitcoin can only be opposed.

maybe not hated,but need to regulated.bitcoin and cryptocurrency at this moment recognized as good investment place.many people thinking this the fastest way to be rich.and we know many bad man trying to cheat investors by creating fake projects and tak their money.this is that government want to prevent they have task to protect their citizen from fake investment,and issue many policy that considered as step to take down crypto.we have to realistic in crypto market too many lie that harmed investors.

[Wintersoldier]

They can possibly see the advantage and goodness bitcoin can bring once it has been implemented to China. But it will be too late for them if they can't figure out the crypto development race that is already starting between all countries to start and adopt cryptocurrency especially bitcoin. US might be having a fear on how bitcoin can impact to their government and people, they will surely try to stop or shutdown it, but it is backed by the whole world. If they want to become in line with the latest financial technology, they should turn the table and see the difference between their fiat and bitcoin.

[secretgirl]

I think most countries do not like bitcoin and cryptocurrency. including the United States government. they don't like bitcoin and cryptocurrency because anonymous and unregulated cryptocurrency can be used for criminal acts such as drug trafficking and terrorist financing. and I think if now the United States government wants to stop bitcoin I think it's too late because bitcoin has grown rapidly and already has a lot of investors all over the world.

[error08]

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

[GideonGono]

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

But the government can control the country and if they control their country from using bitcoin then it will have a huge effect from the price of bitcoin like the China do.

There has a lot of young millionaire from US that I heard from using bitcoin when they are kid because of their advanced technology so why they need to shut it down?

[tsaroz]

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

But the government can control the country and if they control their country from using bitcoin then it will have a huge effect from the price of bitcoin like the China do.

There has a lot of young millionaire from US that I heard from using bitcoin when they are kid because of their advanced technology so why they need to shut it down?

China is probably the largest market for bitcoin. China's ban on crypto has made people much more aware of bitcoin.  And Chinese people trade bitcoin and other cryptocurrency P2P.
Which is also the real intention for cryptocurrency. Many of the merchants too accept crypto in China despite the ban.
US is a much more friendlier nation for freedom of people. And they'll probably not go against a lot of people to restrict the use of bitcoin in the US.

[Meowth05]

I think most countries do not like bitcoin and cryptocurrency. including the United States government. they don't like bitcoin and cryptocurrency because anonymous and unregulated cryptocurrency can be used for criminal acts such as drug trafficking and terrorist financing. and I think if now the United States government wants to stop bitcoin I think it's too late because bitcoin has grown rapidly and already has a lot of investors all over the world.

Even if they did ban the usage of Bitcoin still they cannot prohibit the people from using it, Bitcoin has an untraceable track which makes things more difficult for the government. The government is only against in Bitcoin and other cryptocurrencies simply because it is tough to regulate this type of currency, meaning this can be used in some notorious transaction that involves drugs, terrorism and more. Moreover, as long as people could get profit from Cryptocurrencies they will never stop utilizing this technology even if they declare it unconstitutional.

[South Park]

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

It is not an old story because I think they will keep trying but they will try different tactics, instead of destroying bitcoin they are trying now to create so many regulations that any normal person will be unable to deal with them slowing down adoption in the process, but while they may be successful in the short term with this strategy if their economies begin to go down you can be sure that people will begin to use bitcoin and will not care at all about their regulations.

[kapalmabur]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

[TheGreatPython]

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United  State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it.

The initial perspective that they had over it was initially wrong, and I think that is already getting corrected as they have seen that bitcoin has not threat to their rule of power at all and there is chance for them to actually regulate bitcoin if they want to and at the same time, also benefit from the use of cryptocurrency by their citizens when used for trading and for some other business that could make more money to come into their pocket.

It will even be foolish of the US government to keep pressing to shut down bitcoin at this level that cryptocurrency has grown to because there are so many world's leaders that are beginning to even legalize bitcoin, like France, japan, Switzerland and the rest even though some of them are just on the verge of legalizing them.

[asus09]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

Only united state country want to shut down and banned using bitcoin, there are still many bigger economic country want to adopt and altcoin as legal currency payment. From china to Japan have adopt bitcoin as transaction for the future payment and give access to investor become crypto as best solution for investing assets.

[AjithBtc]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

United States always tries to have control over the rest of the world. Upon the same people believe that USA is trying to have control over bitcoin. The community isn't depended on the single country, the usage is spread all around. This means a single government's control can't make big impact over the entire market.

[suvo05]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

Only united state country want to shut down and banned using bitcoin, there are still many bigger economic country want to adopt and altcoin as legal currency payment. From china to Japan have adopt bitcoin as transaction for the future payment and give access to investor become crypto as best solution for investing assets.

Not only the united state, but there is a bigger list of country who want to either ban or regulate bitcoin. you can find a wiki list here regarding the legality of bitcoin https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory . There are some country like China and India they where BTC is not banned but a different type of ban imposed while trying to trade BTC.

[wozzek23]

Not just US government, it is absolutely impossible for bitcoin to be control by government through its entire system in their hand because there is no one that own bitcoin, and there is no one that can make any coin that is similar to bitcoin, government will therefore control the exchanges than these coins, once they are able to regulate and control the exchange, they have already started controlling the better part of cryptocurrency.

For this not to happen, we have to all start working towards encouraging dex exchange developers to do more, because with dex and using a decentralized coin, we will have absolutely control and government would not even be able to do anything about it rather than just looking for a way to deal with the situation.

[Ryker1]

Well, even if how many attempts they are going to do to shut down bitcoin it will never be shut down because they don't have an access on it and bitcoin is a cryptocurrency and even if it's banned in the US but still it's growing and no one can shut it down. Through using VPN it will change IP address and you can still be using Bitcoin but you can sell into fiat money which is asking personal data. Indeed, even the government did not have a power to shut down Bitcoin.

[Vishnu.Reang]

Well, even if how many attempts they are going to do to shut down bitcoin it will never be shut down because they don't have an access on it and bitcoin is a cryptocurrency and even if it's banned in the US but still it's growing and no one can shut it down. Through using VPN it will change IP address and you can still be using Bitcoin but you can sell into fiat money which is asking personal data. Indeed, even the government did not have a power to shut down Bitcoin.

If I am not wrong, the article says that some of the government officials investigated the possibility of destroying Bitcoin back in 2011-12 (probably due to its use in Wikileaks funding). But the informant specifically says that apart from these investigations, none of the agencies ever took any real steps in that direction. Perhaps they thought that it will be counterproductive, giving more publicity for Bitcoin.

[Webetcoins]

I think most countries do not like bitcoin and cryptocurrency. including the United States government. they don't like bitcoin and cryptocurrency because anonymous and unregulated cryptocurrency can be used for criminal acts such as drug trafficking and terrorist financing. and I think if now the United States government wants to stop bitcoin I think it's too late because bitcoin has grown rapidly and already has a lot of investors all over the world.

Even if they did ban the usage of Bitcoin still they cannot prohibit the people from using it, Bitcoin has an untraceable track which makes things more difficult for the government. The government is only against in Bitcoin and other cryptocurrencies simply because it is tough to regulate this type of currency, meaning this can be used in some notorious transaction that involves drugs, terrorism and more. Moreover, as long as people could get profit from Cryptocurrencies they will never stop utilizing this technology even if they declare it unconstitutional.

Governments really need to understand that their banning and declaring bitcoin or altcoins illegal does not harm the assets in any way. Rather these sort of actions makes more people attentive. It is a bit disappointing that an advanced country like America takes such decision, but fear can make us do anything. It simply does not want to lose control over economy. But as you said, this wont stop crypto enthusiasts.

[South Park]

Well, even if how many attempts they are going to do to shut down bitcoin it will never be shut down because they don't have an access on it and bitcoin is a cryptocurrency and even if it's banned in the US but still it's growing and no one can shut it down. Through using VPN it will change IP address and you can still be using Bitcoin but you can sell into fiat money which is asking personal data. Indeed, even the government did not have a power to shut down Bitcoin.

There are two ways to shutdown bitcoin, they can shutdown the electric grid or they can shutdown the Internet, what happens is that none of these options are really appealing to anyone since shutting down any of those networks will create a huge disruption around the world, but make no mistake bitcoin as formidable as it is has some weak points like anything else and we cannot discard the possibility that in the future the governments find an exploit and try to destroy bitcoin again.

[Triffin]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

What I believe is that you have answer in your question. America will always try to oppose Russia and China because of her differences with them. China is claiming to be the next super power and Russia was once a super power. Both these countries are not in favor of America as a super power. Well as far as bitcoin is concerned, I am pretty sure that in the coming decade it would be accepted by all states of the world. 

[Brunus]

In such a confusing domain, it is normal that theories of all kinds are born.
In reality, even if there is apparently a war going on, governments are quite indifferent to what happens in the world of crypto: volatility is high, trade volume is irrelevant, and mass adoption - if there ever is - very far.

[huige007]

In such a confusing domain, it is normal that theories of all kinds are born.
In reality, even if there is apparently a war going on, governments are quite indifferent to what happens in the world of crypto: volatility is high, trade volume is irrelevant, and mass adoption - if there ever is - very far.

Lets just start with the basic concept of crypto currencies. They were created as a digital medium of exchange but as all new concepts take time, this one also requires some time before the purpose is served. We can see countries planning to launch their own crypto currencies and definitely this means we are heading towards an era of crypto coins. What future do you think bitcoin and altcoins hold?

[coinfinger]

Bitcoin cannot be killed by the United States alone, Bitcoin is controlled by all the people of the world,
if America tries to kill then kill us all, indeed I don't think why America hates bitcoin, even though China and Russia now support bitcoin 

What I believe is that you have answer in your question. America will always try to oppose Russia and China because of her differences with them. China is claiming to be the next super power and Russia was once a super power. Both these countries are not in favor of America as a super power. Well as far as bitcoin is concerned, I am pretty sure that in the coming decade it would be accepted by all states of the world. 

Those states that don’t even support bitcoin will like it forcefully because of the competition for power amongst them. I learned that Russia is a country that is very much cryptocurrency friendly, and so now too that china is becoming cryptocurrency friendly too form their recent action of scrapping the plans to ban cryptocurrency and also at the same time, encouraging their young people to make us of the blockchain technology.

The united states will never even think of destroying the bitcoin again, but they would rather look for the opportunities to also blend and also create things that would make them to want to be in control of the cryptocurrency technology, so there will not be any plan by US again to scrap cryptocurrency, except they want to lose their power completely.

[TheUltraElite]

Lets just start with the basic concept of crypto currencies. They were created as a digital medium of exchange but as all new concepts take time, this one also requires some time before the purpose is served.

A digital medium of exchange? Then what difference does Gaypal, ApplePay and others like those have with bitcoin? Bitcoin is decentralized and somewhat anonymous, censorship-resistant. Thats what gives it an upper hand.

We can see countries planning to launch their own crypto currencies and definitely this means we are heading towards an era of crypto coins.

Wrong. People who understand the ideals of a decentralized currency would not go for state government backed coins. They are completely centralized like Ripple and a waste of an investment to make, let alone use any for transaction purpose. If you like them then do as you wish but taking Venezuela as an example would be a biased one since they had an economic collapse without any way to recover from it while other bigger countries are able to recover with time.

[drlukacs]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

[

I think they do the right thing. they have a voice and their country hates money laundering or tax evasion. As for the crypto market, most businesses formed here are just to avoid tax or money laundering wisely. That's why you see more than 4,000 coins were generated and only a few dozen alts worked well. This is the largest manipulation and money laundering market in the world that any government hates and prohibits businesses from joining. If we run a large country, we would not want our people to evade taxes or launder money in this way. things will get chaotic and the economy will not be stable.

[AliMan]

see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

[

I think they do the right thing. they have a voice and their country hates money laundering or tax evasion. As for the crypto market, most businesses formed here are just to avoid tax or money laundering wisely. That's why you see more than 4,000 coins were generated and only a few dozen alts worked well. This is the largest manipulation and money laundering market in the world that any government hates and prohibits businesses from joining. If we run a large country, we would not want our people to evade taxes or launder money in this way. things will get chaotic and the economy will not be stable.

This news constitutes with other fud makers and I think that there's a shady plans for other big whales in connection to the government. No matter who eager they're trying to pull down bitcoin, they couldn't be successful because of the decentralization of bitcoin. It's created to become anonymous, so people preferred to use it independently, and in fact most of the growing businesses in US implemented the system using blockchain technology.

[Karmakid]

Even though all the biggest countries will try to shut down bitcoin, they will not become successful at it. Bitcoin is completely decentralized and there is no person or company behind bitcoin that is completely responsible to it. Bitcoin works on its own and the reason why government is trying to shut down bitcoin is they know that bitcoin is so powerful so they are trying to shut it down so people will get scared of using cryptocurrencies.