USA government power over Bitcoin

[Kakmakr]

The USA has no control over Bitcoin...

The Bitcoin protocol are distributed all over the world and the Protocol cannot be altered without the majority consent from the full nodes.     Yes, a lot of the developers are working in the USA or originate from the USA, but their hands are tied, because it's not a centralized database.. where 1 company or government can do what they want.

The USA can influence policy makers in other countries, with the laws and regulations that they implement in the USA, because a lot of these countries have poor leadership and are looking at large western countries for guidance to mold their own policies.

We saw this with the banning of Crypto currency advertisements on large Social media platforms, when the ICO's got out of hand. A lot of other countries implemented similar actions, when the large corporations in the USA started doing this.  

Voters should vote better leaders/politicians that can think for themselves.  

[Serious475]

The USA has no control over Bitcoin...

The Bitcoin protocol are distributed all over the world and the Protocol cannot be altered without the majority consent from the full nodes.     Yes, a lot of the developers are working in the USA or originate from the USA, but their hands are tied, because it's not a centralized database.. where 1 company or government can do what they want.

The USA can influence policy makers in other countries, with the laws and regulations that they implement in the USA, because a lot of these countries have poor leadership and are looking at large western countries for guidance to mold their own policies.

We saw this with the banning of Crypto currency advertisements on large Social media platforms, when the ICO's got out of hand. A lot of other countries implemented similar actions, when the large corporations in the USA started doing this.  

Voters should vote better leaders/politicians that can think for themselves.  

USA has no power to control bitcoin but it has a power to open the full potential of bitcoin by adopting it. If USA managed to adopt the bitcoin then other countries will surely adopt it too because they will think that bitcoin will make their country improve. Any country would really improve in many aspects if they managed to adopt bitcoin. But if USA managed to ban the usage of Bitcoin then it will be a big change for all of us because there are some whales that came from USA.

[lepbagong]

The USA has no control over Bitcoin...

The Bitcoin protocol are distributed all over the world and the Protocol cannot be altered without the majority consent from the full nodes.     Yes, a lot of the developers are working in the USA or originate from the USA, but their hands are tied, because it's not a centralized database.. where 1 company or government can do what they want.

The USA can influence policy makers in other countries, with the laws and regulations that they implement in the USA, because a lot of these countries have poor leadership and are looking at large western countries for guidance to mold their own policies.

We saw this with the banning of Crypto currency advertisements on large Social media platforms, when the ICO's got out of hand. A lot of other countries implemented similar actions, when the large corporations in the USA started doing this.  

Voters should vote better leaders/politicians that can think for themselves.  

USA has no power to control bitcoin but it has a power to open the full potential of bitcoin by adopting it. If USA managed to adopt the bitcoin then other countries will surely adopt it too because they will think that bitcoin will make their country improve. Any country would really improve in many aspects if they managed to adopt bitcoin. But if USA managed to ban the usage of Bitcoin then it will be a big change for all of us because there are some whales that came from USA.

there may be a sense of anxiety in the public if the US bans bitcoin trading, but now technology has advanced even though there are restrictions there could be loopholes that can be done because nothing crypto can stop transactions. even though there is a ban, of course an alternative will be found so that we can do it.

but the class of a large country will certainly not take irrational actions that are contrary to most of its people, it will certainly accommodate these needs because the state also needs for economic progress in the future.

[concept2]

They have the rights to do what they want to their country. If you do not like their laws, you can choose various ways to avoid being controlled by the government. Laws and regulations are needed to make a country in a right order. Moreover, they are not try to control bitcoin from other territories. You can change your IP or simply move out of United states

Tax is obligatory. Citizens need to contribute so that they can build more facilities, infrastructure and public building for better life

[NelfiNovita]

I think the US government is worried about the increasing price of bitcoin, the US government knows that many criminals are doing money laundering and drug buying and selling using bitcoin.  At this time, identity recognition has not been fully implemented in the crypto world, therefore the US government wants to interfere in overcoming this problem about bitcoin.

[wxa7115]

The USA government talking about Bitcoin like they have rights for this?

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?


USA fincen antymoney laundering Laws and etc.
So how come that USA have power so much over Other juristications?

The USA like any other powerful country will use their power to try to get their way, this is nothing new and if some other country had that kind of power they will use it in the same way or even be more aggressive with it.

The USA can get away with it for many reasons but one of the most important is that the world uses the dollar as a reserve currency, this means that the US has power over all of those countries and they can hit them with it if they want so many countries have to consider whether it is worth or not to comply and move on or to not comply and suffer the consequences, this is why many countries are looking for a way out of this system since they want to reduce the influence of the US.

[CyberKuro]

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?
 

Because the USA have such power to do so, and there is international agreements in the field of law and treaties on defense, security, politics, and law enforcement cooperation.
That's why they can act as the world police by forcing the law under international aggrements, but they cannot be arbitrary towards a citizen of another country though.

So Let's say they want more Control over BTC...
They cant touch the BTC its just computer based Virtual thing right?
They Can only be involved in fiat Exchangers...

They can't control bitcoin, not in any way as decentralized system make sure it won't happen, but they can regulate bitcoin through policies, the same as today.

[Wysi]

I am not a supporter of US administration or any other government but I feel they are doing this to avoid dirty money and money laundering which could be a possible threat to any region as nowadays some notorious criminals and gangs are demanding ransom in Bitcoin due to its anonymousity and  that's what is making government to think about regulating the crypto domain which is not possible task.

[Fesatmas]

You are right, why America is so terrible. it is as if America claims to be God's country. yes indeed we count America with all its military strength, to be victorious in the second world war, and plus as a country that regulates policies for any country. America always interfered, including bitcoin. Logically, why should there be any American involvement in managing bitcoin, enough for those like us who live outside America and trade without exception.
I hope bitcoin will become a worldwide co-ownership. bring the welfare of mankind.

Regardless of all that, we admit America had a big role in the development of bitcoin, I appreciate that.

[BuNga_cute]

Of course America as the big country in the world wants to control Bitcoin, but it never works. Because Bitcoin is decentralized which
cannot be controlled by anyone, even though America has military power, does not guarantee that you can control Bitcoin. Therefore
some American politicians who hate Bitcoin are only able to spread FUD. But since there are many Bitcoin holders in America and also
with a large number of ATMs in America, making every policy made by the American government against Bitcoin at least has an effect
on the Bitcoin market in the world.

[Smartprofit]

The USA government talking about Bitcoin like they have rights for this?

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?


USA fincen antymoney laundering Laws and etc.
So how come that USA have power so much over Other juristications?


Is this Reason is only they have big army and of you dont comply with them they Will just use Military power!

Like what Gives them to decide over so many Peoples lives and countries?

USA sec and fincen Can they just shut up about Bitcoin?

They killed liberty reserve it was greatest things I used and love it.
Now they talking about Bitcoin dont they have better things to do?

So Let's say they want more Control over BTC...
They cant touch the BTC its just computer based Virtual thing right?
They Can only be involved in fiat Exchangers...

Many governments are very wary of the idea of ​​legalizing bitcoin. 

Why is this happening?  Governments know that national currencies are bad money.  This money is not backed by anything.  The issue of national currencies is not limited.  The national currency is inherently an inflationary currency.  Bitcoin is another matter.  Bitcoin is a deflationary currency (1 BTC = 21,000,000 coins).  Governments fear Bitcoin will destroy the global financial system.  Issuing money is real power over the world. 

Governments are afraid of competition, so they seek to control both cryptocurrencies (Bitcoin, Ethereum, etc.) and the money of IT corporations (Libra, TON).

[Kupid002]

Of course America as the big country in the world wants to control Bitcoin, but it never works. Because Bitcoin is decentralized which
cannot be controlled by anyone, even though America has military power, does not guarantee that you can control Bitcoin. Therefore
some American politicians who hate Bitcoin are only able to spread FUD. But since there are many Bitcoin holders in America and also
with a large number of ATMs in America, making every policy made by the American government against Bitcoin at least has an effect
on the Bitcoin market in the world.

And Bitcoin is use in different places not only in their country even how strict and regulate Bitcoin transaction in their country it will not be the same to others. Since other countries see it also as good alternative to Fiat for online transaction .

if they really want to get rid of it they need to forcely ban it all over the world , which is impossible to happen because it is accepted in other countries and they don't have any control to other countries laws and regulations.

[vlast01]

The USA government talking about Bitcoin like they have rights for this?

well IMO, the government see's Bitcoin for these past years as a threat to the balance of the society where in most of that time money/finances has a great control, so the government finds it way to deal with it in order to maintain the balance.

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?

Well I think that the government concerns is that the impact that will cause by the btc in the society and not for the individual persons.

USA fincen antymoney laundering Laws and etc.
So how come that USA have power so much over Other juristications?

The government controls, monitors and keeping the country in peace why don't you just look to the bigger part and not focus on the small one. imagine if a country does not have a government? Will you enjoy your life as the same?

Is this Reason is only they have big army and of you dont comply with them they Will just use Military power!

Like what Gives them to decide over so many Peoples lives and countries?

USA sec and fincen Can they just shut up about Bitcoin?

They killed liberty reserve it was greatest things I used and love it.
Now they talking about Bitcoin dont they have better things to do?

So Let's say they want more Control over BTC...
They cant touch the BTC its just computer based Virtual thing right?
They Can only be involved in fiat Exchangers...

IMO, Overall the government of a certain country can't have the majority control of Bitcoin, so rest assured for now.

[iamsheikhadil]

I think USA has so many nuclear power they can literally end the whole world and turn it into dust killing all civilians. Any country with so much power will definitely have ego lol. It's a good thing that USA is a democracy so common people there have a say to what the government should do. And if they can destroy the whole world, obviously Bitcoin will also go away. Bitcoin exist as long as the Earth exist!

[Sebas.tian]

The US actually have the powers to do an undo when it come to the world but virtually, i don't see them with such powers when Bitcoin is directly involve. They made some attempts several years ago bu couldn't stop the spread of Bitcoin, more reasons they can't control Bitcoin is that Bitcoin is decentralized in nature and not like the regular fiats which is subject to USdollars. US can cause FUD which will pose a major challenge to Bitcoin but can't destroy Bitcoin in-totality.

[hulla]

Statistics shows the US to be the most powerful country in the world in terms of Military power and dominant economic. Besides, in the aspect of cryptocurrency users and Bitcoin ATM location the US has the highest users and BTC atm which i believe automatically make them the world police but I don't think they will sure Bitcoin cause if they have such a plan they won't have given Kraken the ease of crypto to fiat (vice versa) license. Mind you, Trump has once tried to stop Bitcoin and the Chinese either but they all failed.
With that been said, with the increase in institutions investment in Bitcoin we may somehow see some price manipulation from their side in the future though so the crypto community needs to spend less and accumulate more to avoid this from happening.

[snarlpill]

The US government tries to control and/or kill anything they can't control. They killed NORFED (National Organization for the Repeal of the Federal Reserve) and its Liberty Dollar that was trying to return a solid gold and silver backed currency to the people of the US instead of the US Dollar which is literally just a paper note backed by empty promises. And indeed, OP hit the nail on the head mentioning the US's large military. I am from the US and I sadly recognize that we are viewed as the bully of the world that tries to stick our nose into everybody else's business.

I strongly feel that the globalists are going to try to switch from individual government Fiat money to a one world digital currency, and since they can't seemingly control Bitcoin enough to use it for that purpose I think they will eventually do everything they can to kill Bitcoin by regulations, taxes, and legal crackdowns. But for now Bitcoin is helping their cause by spreading the knowledge and widespread acceptance of a digital currency.

[Noctis Connor]

That's was an issue last year US government worried about crypto currencies where they think it can be use to fund terrorist and other activist that can lead into a rebel, there at still at risk for it as they don't want it to stabilize some coin and yet some of them stock it already.

Source : https://news.bitcoin.com/us-government-worried-crypto-can-shift-power-to-private-sector/

[HabBear]

The USA government talking about Bitcoin like they have rights for this?

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?

Who in the government is talking about Bitcoin? Is there an article you just read or are you speculating.

No Government can control Bitcoin. Every government can try to control a citizen's access to Bitcoin, but it would be very tough. And every government can try to control how they collect taxes off of bitcoin sales, a bit easier to do.

A government trying to collect taxes is reasonable...the government needs to run on some form of incoming money. Controlling poeple's access to bitcoin is most possible by restricting national banks from accepting transactions from bitcoin or allowing transaction to bitcoin. This is all easy to avoid though since the internet provides access to many banks that don't operate within the jurisdiction of a single government.

What new squawking have you heard from the States government about this?

[erikoy]

No, they aren't because the USA had been affected by the bitcoin or its citizen had been involving bitcoin and experience losses this is what the government is mandated to do to protect the community. But, they can't impose on something like it does not under thier jurisdiction but they had the power too over international court so this is why the US government can interefere. There is nothing wrong about it if their only objectives is to serve juatice for the bitcoiners that had been losing in their investment from scammers.