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

[figmentofmyass]

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.

this is gonna be a nothingburger. it doesn't mean anything. the current chair, carolyn maloney, is not influential and neither is brad sherman. and at the end of the day, he needs 217 other representatives on his side to pass a bill through the house.

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.

out-competing crypto is unlikely, but this way they can stay in the game.

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[Webberson]

As far as cryptocurrency is concern, Bitcoin has been having series of challenges, and despite all of these, the cryptocurrency is still striving and gaining recognition by the day. There is nothing one can do about what is coming, but just to wait and see what the future outcome would be.

[owengtam09]

There is nothing we can do if that is already happening and I don't think that we need to worry about it. Bitcoin has its potential and it cannot stop unless people will stop using bitcoin but as long as we will use bitcoin until we want it will still remain as it is and for sure improve more in the future.

[znation]

Bitcoin has always had its people against it since its inception but the fact that Bitcoin still exists and is developed by a part of the community is supported, anyway no need to worry if bitcoin is accepted as legal for each nations do exist for Bitcoin to go farther in the future.

[blckhawk]

We can't do anything but to still use the platform. True censorship through restrictions is quite impossible to implement. In the most basic level, it's just a mesh network of interconnected nodes which has the capability to re-route through different ways such as proxies and virtual private networks, and pretty much like the internet, it won't go down as long as there's still a single node running (unless outright ban on internet access has been implemented on ALL countries).

[ChrisPop]

They only thing against censorship are decentralized exchanges. It's good that they are planning to create cryptocurrencies to replace the fiat ones, but they still haven't understood that they can't replace Bitcoin with a centralized crypto. The power of BTC is given by its scarcity and power of decentralization.

[Golftech]

As far as cryptocurrency is concern, Bitcoin has been having series of challenges, and despite all of these, the cryptocurrency is still striving and gaining recognition by the day. There is nothing one can do about what is coming, but just to wait and see what the future outcome would be.

He might implement some rulings but since this industry is global and there's already a lots of people/investors who are inside this market for sure things will still continue to be a endless arguments if there's a chance for this people to control bitcoin. Supporters will keep being positive while those haters will try harder to see more fall to happen. Lets see what future will be for this investment currency.

[Shasha80]

Many people have tried to kill bitcoin but ended in failure. Now there is news about Brett Sherman, I'm sure he won't be able to
destroy bitcoin. We don't have to worry too much about responding to news like this, nor do we need to panic by selling all the
bitcoins that we have. Be calm and hold the bitcoins that we have. That way definitely won't nothing happened. Basically as long
as there is supply and demand for bitcoin it will never die. I hope that holders of bitcoin do not affected by negative news like this.

[akirasendo17]

This is not a bad news, actually its better why because they are slowly adapting blockchain
technology they realize that there is no way they can stop it, now what they are trying to do is to create
their own coin because they are really way behind now , they want to have a control where people
can use their coins intead , that way they have the power to have control over people , but its not gonna happen
i think because people now already know what they are doing

[joinfree]

Let's not waste much time on the governments attacks and rants about bitcoin. All that the government can ever do is to abolish the use of bitcoin in the real world but never in the digital world where it's about privacy. Seriously i don't think we really need to worry much about their attacks but rather stay strong and develop systems within this digital world that would accept bitcoin other than relying on existing industries from adopting to accept bitcoin. That is the more reason why ICOs and IEOs should come out with good use cases so that we can support and not all the scams that are spreading in this industry.

[Ucy]

You don't need to fight anyone if you use Bitcoin the way it should be used. 
Besides, Bitcoin is quite transparent, governments can benefit from this  to fight crimes. The communities should be responsible as well by fighting the crimes themselves if we don't want the arguments from other sides to be justified.
People should focus more on development, usage and investment in Bitcoin and less on fear. 
Better to just focus less on people who clearly  do not mean well. I am hardly bothered by this things.

[killerfrost]

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.

Exactly like that, Bitcoin cannot be stopped. Its popularity is sure to expand over the coming years, as I've seen many countries try to stop Bitcoin. But it was impossible and they changed their mind, they are looking to create a cryptocurrency for each of their countries

[daarul50]

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.

Not surprising at all , psychology war happening now.

one trying to heads people up in optimistic way to believe that there is a glimmer of hope with the Bakkt's CEO appointment and the other one that is bring an opinion to public that something bad going to happen , this is clearly a conflict interest.

what would you choose? of course you don't have to choose in between them.
this is normal when an upcoming big event getting closer there is a lot of FUD spread everywhere , remember this : further gains are imminent for bitcoin there is no other way to deny that bitcoin halving day will deflect to market drop instead a crazy gains.
of course i am ready to see my bitcoin value gained instead caring about a garbage news that drag bitcoin market to drop like this.

[avikz]

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?

He is surely powerful but not that powerful to influence entire congress house of representatives! There's nothing ti be worried about just because he has been appointed to a crucial role within the government! IRS is already doing more damage that this guy! They have recently introduced a new tax form where tax payers will have to mention their crypto assets to the government!

If US tries to restrict anything on their soil, exchanges will be moved to a more crypto friendly countries like Malta or Singapore! Chill!

[rdluffy]

I don't think we should worry about this
Every week/month/year someone try to fight against BTC and every single time BTC is winning, BTC is still alive for more than 10 years

When you are here for some time you'll get used to

[1Referee]

If US tries to restrict anything on their soil, exchanges will be moved to a more crypto friendly countries like Malta or Singapore! Chill!

That's already the case. It's not for nothing that overseas exchanges have more daily active users than the regulated brave kiddies within the US.

I have seen a lot of people trash these overseas exchanges, which in some cases is well justified, but the most important aspect is that they do provide people some degree of freedom of use. The only bummer is that more and more exchanges are enforcing kyc/aml procedures.

I really hope that one day there will be widely deployed interoperability between the different networks so that people can trade coins back and forth in a truly decentralized fashion. This is one aspect Ethereum with its ERC20 ecosystem does exceptionally well.

[Lizzylove1]

Don't worry about that, there will be no serious issue. Everyone who has strongly opposed bitcoin usually later back off when they see that it's unstoppable and never dies. More anti-bitcoiners means more success for bitcoin.

[sovie]

How about this news?
Cryptocurrency CEO selected for interim Georgia Senate seat
Just like her appointment wont have any positive effect on crypto likewise Brett Sherman appointment wont have any negative impact on cryptocurrency.

[lionheart78]

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?

I don't think that we have to worry about this news.  As far as I know, there is a Bitcoin enthusiast that was seated as senator thus nullifying this news somehow.  Aside from that, it is normal to see Central banks as center of digital currency, so there is no news about this stuff.

[JC btc]

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?

I don't think that we have to worry about this news.  As far as I know, there is a Bitcoin enthusiast that was seated as senator thus nullifying this news somehow.  Aside from that, it is normal to see Central banks as center of digital currency, so there is no news about this stuff.

There is nothing to worry about, let's follow the news of course, we should do it for us to keep updated, but on the other part we should not panic and worry at all, as Bitcoin will be part of our life and will still remain in our life, so worrying will just cause panic to us and will lead to selling of our Bitcoins, remember that there are people willing to paid advertisements just for them to make people panic.