The U.S. Government Tried To Shut Down Bitcoin

[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.

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[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

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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.