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

[asus09]

I don't understand why anyone would try to stop bitcoin and cryptocurrencies, perhaps they fear the future.
Some countries have tried to stop bitcoin, but again nothing. This is probably because they understand that there is nothing wrong with bitcoin, only good.
No one will ever stop bitcoin.

Of course, you need to understand that the government today is not ready to accept bitcoin. The government can harm itself, thereby infringing on the rights of Bitcoin consumers and those who are involved in mining Bitcoin. It is necessary to ensure that both sides do not go into conflict.

Governments are going to keep their control over the people and the economy, they can't do it when bitcoin is borderless. They wold need to regulate the market and the money coming into it because the citizen has to be protected too when it comes to scam. Some government are already adopting to crypto but some are just going to keep the battle. Bitcoin is already too big to fail and I think its been ready to fight against those who stops it.

I'm not even remotely concerned about it though. Governments like china banned its use and trading exchanges yet changed heart recently. And even though bitcoin has had a bad reputation with fraud, scams and heavy dumps, i think people are slowly becoming aware of it and its transactional use and investment potential.

With big country want to banned bitcoin as transaction or investment have bigger effect for bitcoin price, many investor become panic and loss hope with bitcoin, just few minutes after announcement will give bitcoin price down suddenly, how ever bitcoin keep on higher price because bitcoin is not dominance in one country.

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[Bitcoinislife09]

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?

In my opinion bitcoin cannot be banned since nothing owns it the government from a country could easily restrict the people from using it but surely they cannot do cannot about it or bitcoin because it is already in the internet. They cannot delete bitcoin and bitcoin already have a lot of assets already.

[Yamifoud]

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?

These people are just wasting their time trying to fight something they bearly understand what it is and its relevant importance it has.  Bitcoin has been in the financial ecosystem for ten years now and its ecosystem and market keeps growing.  Only ignorants will have problems with the existance of bitcoin....

Nah! I don't think that Mr. Brett Sherman would like to shut down crypto. I understand his role to protect the community from scams and others form illegalities when it comes to the financial situation but he should wisely think of what he does next. Yes, he might have the power to influence the market in a way of price manipulation but most likely he never succeeds cause he is just one against the millions of people supporting crypto.

[Ayiranorea]

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?

In my opinion bitcoin cannot be banned since nothing owns it the government from a country could easily restrict the people from using it but surely they cannot do cannot about it or bitcoin because it is already in the internet. They cannot delete bitcoin and bitcoin already have a lot of assets already.

Yes, even after hard restrictions people continue to using it through different pathways. This way it is all about the users mind and the need. Right now the usage keeps growing in number than decline. Each and everything is interconnected and without internet connectivity nothing is possible. This makes bitcoin to be used with the growth of technology.

[gweedo]

Since 2017 until now, many countries and governments have tried to stop Bitcoin and the cryptocurrency market, but as a result, the market is still growing and Bitcoin is still operating. There is no sign that the market has collapsed by countries trying to stop it, even though some countries have lifted the ban and gradually accepted cryptocurrency. So we don't need to worry too much about this, Bitcoin and cryptocurrency will always grow in the future

[Bonenx14]

Since 2017 until now, many countries and governments have tried to stop Bitcoin and the cryptocurrency market, but as a result, the market is still growing and Bitcoin is still operating. There is no sign that the market has collapsed by countries trying to stop it, even though some countries have lifted the ban and gradually accepted cryptocurrency. So we don't need to worry too much about this, Bitcoin and cryptocurrency will always grow in the future

a little added that currently some countries are trying to build their own crypto, and therefore I am sure that crypto will continue to grow and it is difficult to fight it. therefore some countries may have begun to conduct research on this technology and hope that many countries will respond favorably to the presence of this crypto.

[White Christmas]

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.

That's right, one of the lack of our community is the person who are willing to stand up and voice out about cryptocurrency  and bitcoin so that the community will be able to follow him, we need a person or even a single person that will voice out what bitcoins is, in order for us to voice out our feelings and freedom.
Maybe one of the best way to do in order the government accept bitcoin is we need a crypto enthusiast in the government to be the person who will voice out our wants and what the government will try to do in order to relieved on us. Politician are the one who are the lawmakers so in order to make a law that in favors to cryptocurrency or bitcoin then we must have a crypto enthusiast inside the government.

[julius caesar]

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin. But, as long as there is no KYC needed in the transaction that you are going to do, it might take them several months to distinguish who made the transaction. They will have a hard time trying to identify who is who.

[fullhdpixel]

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.

No matter how hard they try to stop Bitcoin it’s always going to succeed and that’s the truth. I know for sure that there will be countries that will try to stop their citizens from making use of Bitcoin, but not every country will do that, there are already a lot of them that are in support of Bitcoin. So, even if others tries to stop the use of bitcoin, there will still be others that are strongly promoting it.

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin.

This is not the first time I’m seeing people talk about stopping Bitcoin, it has been said a lot of times but one thing I know for sure is that that’s never going to happen. Regulations and laws against using bitcoin may stop people temporarily as adopting bitcoins and using it can be done highly anonymously like without letting your IPS or colleague or spouse knowing what you do.

[Oceat]

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin. But, as long as there is no KYC needed in the transaction that you are going to do, it might take them several months to distinguish who made the transaction. They will have a hard time trying to identify who is who.

Stopping Bitcoin is almost impossible not unless there is a total ban of crypto trading worldwide but as far as I know that is not happening yet. And I don't think it will ever going to happen in the future but of course, the government can do anything what they want to protect its people. Although Bitcoin is not the problem here that's why the government wants to ban crypto trading, it is the scammers.

[lepbagong]

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin. But, as long as there is no KYC needed in the transaction that you are going to do, it might take them several months to distinguish who made the transaction. They will have a hard time trying to identify who is who.

Stopping Bitcoin is almost impossible not unless there is a total ban of crypto trading worldwide but as far as I know that is not happening yet. And I don't think it will ever going to happen in the future but of course, the government can do anything what they want to protect its people. Although Bitcoin is not the problem here that's why the government wants to ban crypto trading, it is the scammers.

technological development cannot be dammed by anyone because it is clearly indeed what should happen, as well as with bitcoin because this is a technological product and cannot be blocked by rules that forbid it, because by prohibiting proving it cannot accept the progress of the technology. there is a limitation so that there is no misuse for things that are not true or misuse which results in many being harmed.

[romero121]

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin. But, as long as there is no KYC needed in the transaction that you are going to do, it might take them several months to distinguish who made the transaction. They will have a hard time trying to identify who is who.

Stopping Bitcoin is almost impossible not unless there is a total ban of crypto trading worldwide but as far as I know that is not happening yet. And I don't think it will ever going to happen in the future but of course, the government can do anything what they want to protect its people. Although Bitcoin is not the problem here that's why the government wants to ban crypto trading, it is the scammers.

The usage of cryptocurrency has gone beyond the limitation, this means governments didn't expected such a level of growth. Even now there were more restrictions to use bitcoin around the world, but people from those countries to still continue to use it. This is all about the decentralized functioning and the need for such an advancement. There will be people and authorities who oppose advancement, but this is unstoppable by anyone holding power.

[adzino]

I think they can't stop the usage of bitcoin. The only thing that will make it stop is when they propose a law regarding the usage of the bitcoin. But, as long as there is no KYC needed in the transaction that you are going to do, it might take them several months to distinguish who made the transaction. They will have a hard time trying to identify who is who.

Why is it going to be really hard to identify who is who? You have your public address. They can peg your username to your public address. Thus they will be able to identify who you are without having the need of going through the KYC process.
The government can stop the usage of bitcoin, but they can ban bitcoin. They can make using bitcoin as an offence thus penalizing the person using it, but since bitcoin is decentralized, they won't be having any central authority to ban.

[error08]

There is nothing he can do against the current situation of bitcoin in the face of regulation as it has been set on stone, as long as people pay the taxes. Two conditions that may happen, bitcoin acceptance growing positively or be restricted to use it which unlikely as we have seen it before, bitcoin is unstoppable. And the government could extract the money from capital gain, win-win solution.

[Edraket31]

There is nothing he can do against the current situation of bitcoin in the face of regulation as it has been set on stone, as long as people pay the taxes. Two conditions that may happen, bitcoin acceptance growing positively or be restricted to use it which unlikely as we have seen it before, bitcoin is unstoppable. And the government could extract the money from capital gain, win-win solution.

Exactly, there is nothing we should worry about actually, Bitcoin has been existing for a decade, so we should now worry about it, we are here to support Bitcoin all throughout, many has tried but they didn't succeed in bringing Bitcoin down, many altcoins telling people that they are the next Bitcoin, but they can't even enter to 10.

[Eugenar]

Exactly, there is nothing we should worry about actually, Bitcoin has been existing for a decade, so we should now worry about it, we are here to support Bitcoin all throughout, many has tried but they didn't succeed in bringing Bitcoin down, many altcoins telling people that they are the next Bitcoin, but they can't even enter to 10.

Although it is not an exemption that if an investment platform is old enough, it could be invulnerable, but the fact that we have nodes all over the world and the supporters are all scattered, it is not enough that the single entity like him could definitely pass a regulation to stop the development of bitcoin. Remember, our system is decentralized and he have nothing to do with the codes behind that makes the security of it invulnerable. Or else, he might have an interest in compromising mining facilities and spend millions of dollars to destroy a currency that don't have and negative implication but just to provide great service to the world.

[Lee01]

Some countries before now already placed ban on Bitcoin transactions within their locality and this have not even prevented it's compatriots from transacting with Bitcoin and so it's quite clear that restrictions on Bitcoin are usually based on a particular country and would never be global, because of this it'd have little or no side effects on Bitcoin@ Bitcoin will ever be victorious

[adjed]

We have seen some pretty crazy opposition to Bitcoin in the past and I doubt there is a larger opposition that would surpass what we have seen in the past, Facebook was fighting against Bitcoin and Cryptocurrencies in general, Google was waging it's war as well, anyways only the future can tell but I have a feeling that we have nothing to worry about, 2020 would likely be our best year yet.

[BlackFor3st]

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?

Even if we are not yet ready still we have no other option but to be ready on what to come as we all know already that there plenty of entities that are against bitcoin because of their own greediness towards monopoly of money.

Our fight against them are those entities who have the same goal with us. Let's continue to spread the good news of crypto currencies so we can widen our allies as it is our only way to win this fight against them.

[ohyeahhaha122]

I think that things will happen in their natural way, the better will always replace the outdated ones, no matter how much they are affected, just as you have seen even though bitcoin has a lot of bad news. once it went down to 3k$ but they still grow until now about 7k$