The fight against Bitcoin is coming. Are we ready?!

[axismoto1]

Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolution

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

[MURONDI]

in my opinion there is nothing to worry about, someone always tries to stop bitcoin, even in the past several countries strictly prohibited the use of bitcoin, but in fact until now bitcoin is still going well, bitcoin is not easy to stop.

[Yaunfitda]

There's nothing that we can do overall as a community, the worst thing that it can happen is that regulations are going to be put in place, which is already happening at crypto sphere with KYC/AML mandated by exchanges already.

Plus they have barred their citizens from investing into ICO's so I think nothing will change here. So I wouldn't worry even if we see hard line stance coming from Brett Sherman himself. If he introduced a bill to stifle bitcoin in the US, then it's US crypto enthusiast loss not the whole bitcoin ecosystem.

[CryptoBry]

Sadly, for now there is no single and powerful voice representing the Bitcoin community and that can be a weak spot as far as law-making is concerned. We know that laws are passed by politicians who are concerned on the votes they can possibly get in the next election. So that means that if there will be a united front for Bitcoin, lawmakers will be thinking twice of any laws that can stifle the growth of this industry as a whole. The community seems to be following the concept of decentralization so there is no strong force that this industry can lean on.

[bitcampaign]

only stupid people who try to stop bitcoin and other cryptocurrencies, don't need to worry about that many cases are crazier than this news and nobody has ever made bitcoin and crypto currencies fall, during adoption and many communities together with crypto currencies don't it would be possible for those anti-bitcoin to win the fight

[crwth]

I'm quite two-sided here. Imagine knowing Bitcoin is illegal in one place makes it more in demand or whatever, depending on the usage. Wouldn't that benefit the ecosystem? But I think there would be several consequences with that like shutting down of different mining farms or any other system that is related to Bitcoin.

Also recently, BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

Looking at it in a non-biased way, they are just adapting to what Bitcoin or the blockchain has started. I hope people would see that Banks still wants to be in control of the financial system, and they want Central banks to be the center of it all. The people involved in this want complete control and that's the opposite of what Bitcoin is for, it's decentralization.

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

I doubt there would be a time where we are not ready. We should be considering the actions with regards to what is right and let them know that they wouldn't have complete control because Bitcoin is still the best and at the top. They can't topple that. They can try, but I think it won't be successful.

[Darker45]

Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolution

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

The fight against Bitcoin has been waged by the government, the banks, the rich elites who are the ones benefiting from the unfair system Bitcoin is trying to disrupt, the people who are too comfortable with the old system, and so forth for a long time. Everything has come.

We don't have to rally together. We can just remain as individuals who are supporting Bitcoin in our own little ways. Buy, HODL, spend, trade, and accept BTC and you are already a soldier of Bitcoin against this battle. We don't have to bother what congress is brewing against Bitcoin. They have been like that ever since. They may create their own cryptocurrencies but everybody knows that the result is a bogus one, something closer to domestic fiat rather than the open, decentralized, and global Bitcoin.

[axismoto1]

I'm quite two-sided here. Imagine knowing Bitcoin is illegal in one place makes it more in demand or whatever, depending on the usage. Wouldn't that benefit the ecosystem? But I think there would be several consequences with that like shutting down of different mining farms or any other system that is related to Bitcoin.

I don't think the government will explicitly ban bitcoin or miners, but they will definitely make it highly taboo to touch it for banks.  Especially if it threatens central banking powers.  They will likely create a false flag scenario where bitcoin was used for drugs, terrorism, child pornography.  They just have banks barred from doing business with crypto exchanges.  It won't be a full press ban, but a stranglehold restriction which will probably be more effective than making it illegal (which I do agree would raise its value as a black market asset).

[iamaruf]

there is nothing to worry.There are so many peoples who tried to manipulate bitcoin/against bitcoin.You can check the history but they can't do anything.Brett Sherman is not only the first person, who against bitcoin.Don't panic keep clam And hold bitcoin.Bitcoin born to lead the financial markets.

[bitvalak]

Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolution

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

Will he really stop bitcoin if he sees that the interest of people with bitcoin is very high.
I think it is an opportunity for him to monopolize when he sees a situation like this, I would not believe if he would stop the circulation of Bitcoin.
What is clear is he will definitely take advantage of this situation, whether many people will realize it or not.

[Distinctin]

I'm quite two-sided here. Imagine knowing Bitcoin is illegal in one place makes it more in demand or whatever, depending on the usage. Wouldn't that benefit the ecosystem? But I think there would be several consequences with that like shutting down of different mining farms or any other system that is related to Bitcoin.

I don't think the government will explicitly ban bitcoin or miners, but they will definitely make it highly taboo to touch it for banks.  Especially if it threatens central banking powers.  They will likely create a false flag scenario where bitcoin was used for drugs, terrorism, child pornography.  They just have banks barred from doing business with crypto exchanges.  It won't be a full press ban, but a stranglehold restriction which will probably be more effective than making it illegal (which I do agree would raise its value as a black market asset).

That's their claims towards crypto and that is how anti-bitcoin thinks about. I couldn't see that this person (as mentioned in the OP) will banned crypto but I think he just likes to regulate Bitcoin and the entire cryptocurrency. But it takes a process that may prolong the discussion and even comes out for nothing.

[josephrioveros123]

In my point of view. I think bitcoin cannot be stop. Because it is decentralize. But for us to help bitcoin not to drop it's price we should help advertise bitcoin and other cryptos. Invite friends to use it. And help to make the image of bitcoin be good. Because what they do is to make the image of bitcoin bad so that no investors would go and try bitcoin and with that the growth of this industry is being hold back. What we should do is to help the growth of the community. Imagine if all of us users of bitcoin would recruit or would have one of our friend to be active in this industry. That will be a big addition to the community and to the number of crypto users that are using bitcoin. And I believe that would help crypto currencies increase it's value.

[hatshepsut93]

Yesterday people were hyping Bakkt's CEO appointment as a senator and the Crypto Mom's participation in some conference, but today some nocoiner gets into position of power and it's suddenly the end of the world. Can we just stop overreacting to insignificant events like this one? I understand that we are currently in a boring period, when the price doesn't move much and no big news happens, but this doesn't mean that we should look at every single event through a "this is good/bad for Bitcoin" prism - they really don't mean much in the grand scheme of things.

[Ducker Smith]

This is something that's expected - governments doing their best to control things. But that has not stopped Bitcoin in any way.

[onlinemarketingtop1]

I just care about the price is down or up )))

[meanwords]

To be honest, what can we do if we did that? They have the power and the authority to do what they want. They can pass bills that they want and they will do what ever it takes to get approved. I think the only thing that we can do is to stay anonymous and continue to use Bitcoin until they realize what they are missing. They can't can try to make some resistance against Bitcoin but they can't stop it entirely.

[DreamStage]

Another hater on the market?
What can we do about it anyway? If you continue investing and using it as always i am sure it will not change a thing.

It is just a matter of political principles that someone is trying to achieve due to being but hurt or hated in other aspects.
This has happened multiple times it's not 1 person that will deny us from using Bitcoin.

[bounceback]

only stupid people who try to stop bitcoin and other cryptocurrencies, don't need to worry about that many cases are crazier than this news and nobody has ever made bitcoin and crypto currencies fall, during adoption and many communities together with crypto currencies don't it would be possible for those anti-bitcoin to win the fight

yes of course, and I am very sure that bitcoin or cryptocurrency will slowly develop its adoption although now some of them are anti-cryptocurrency who want to inhibit the growth of crypto but in my opinion this cannot affect bitcoin at all to be worthless or die, because if we see it now that almost everyone and the community will continue to promote and support the development of crypto among them.

[Kprawn]

Fortunately the USA have a democratic voting system and people's votes still help to get the right people into powerful positions. In the next

election people should find out what the political candidate stand for when it comes to Bitcoin and vote for the pro-Bitcoin candidate. In many other

countries, people have a dictatorship and they do not have a free and fair voting system. So, use your vote to get a Bitcoin friendly government.

Also lobby votes for Bitcoin supporters to vote with you and be active in supporting candidates who support our cause. 

[topbitcoin]

1 thing that we must be worry is when internet is dead. I think although in other thread maybe people see there are a way to send crypto without internet. As long we have internet  in here nothing to worry. Government ban bitcoin in their country, their people still can access it. Crypto supporter already big too for now.