The U.S. Government Tried To Shut Down Bitcoin

[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.

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[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.