BevNation (OP)
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February 27, 2021, 06:50:39 PM |
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Bitcoin Vs Government This is a question I often ask myself each times I hear that the government is doing all within there power to break down the Bitcoin or crypto system as a whole and every time they try, they just fall one more time. Then you see the bitcoin market gain more and more investors as it continues to flourish. Overtime, I’ve always heard the government is the most organized body on the planet and if determined unity, they can do almost anything but somehow, there limitation starts right from where bitcoin and other crypto markets began. In the instance of government trying to tear down the walls of bitcoin, it only ends up fueling it’s dried grass and it sets of like wild fire, gaining more investors and value. So, instead of the people getting really terrified, they see an investment opportunity which explains how these wars and bitcoin are impacting on the public. A perfect strategy, using every negativity for tool. So, who is really at the frontline for bitcoin in this war? * Is there someone or, * It’s fought by every strangle investor or, * It’s all fought by no one at all. One thing I know for sure is, we grow stronger in being passionate for our trade. So let’s stay passionate and win some more.
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Upgrade00
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February 27, 2021, 07:31:48 PM |
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Firstly, majority of governments are independent; so Bitcoin is accepted by some, regulated by others and restricted by yet some more. There is no global stance on Bitcoin. Also, Bitcoin is a decentralized network, regulations can only do so much, but no one can stop the public from holding and transacting across wallets. So, who is really at the frontline for bitcoin in this war?
The immutable protocol which supports Bitcoin. There is no centralized authority and the community can only do so much, but the fact that Bitcoin would always remain the same regardless of government actions means it cannot be stopped.
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bL4nkcode
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February 27, 2021, 07:57:46 PM |
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It's always the businesses adoption (investment and/or accepting as payment option) towards bitcoin, then its users through its influence. Once every or most fintech businesses do adopt bitcoin, banks will follow as if they're embracing their own drawbacks. Then government will though its not as easy as 1,2 3. Decades might pass to make it possible.
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ReiMomo
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February 27, 2021, 08:24:42 PM |
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It's fought by us, a crypto enthusiast, a crypto community, and most of all those investors that keep accepting and adopting bitcoin as a form of payment or as an investment. If the government will not fully understand what bitcoin protocol is, they will I guess think that bitcoin is a big threat for them when it comes to the financial system, then, once they were enlightened and see that bitcoin is an asset, a valuable asset that will help through those have fintech businesses, that's the time there could be no war between the government and the bitcoin.
A government that banned bitcoin was lead by people who did not open-minded about bitcoin, they had zero knowledge of it. WE, as a part of those frontline showing them that we should have financial freedom and not always controlled by them.
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SaShiRaJaVu
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February 27, 2021, 08:33:24 PM |
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This is a question I often ask myself each times I hear that the government is doing all within there power to break down the Bitcoin or crypto system as a whole and every time they try, they just fall one more time. Then you see the bitcoin market gain more and more investors as it continues to flourish. There are some governments trying to disrupt the market but there are governments that are embracing the decentralized currency and trying to figure out on how to use them as an alternative. If any governments wants to create a law and ban the entire market they can do that in that country and until there are other markets open for you to trade there is nothing they can enforce until the government impose heavy fine and jail terms which is the most probable tactics they will be using.
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Baofeng
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February 27, 2021, 09:09:08 PM |
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I'm not really sure if we can categorically call that there is a war against bitcoin. It's just that there are countries that doesn't like the idea, imposed total ban, but majority are still in the gray area are far as legally is concern, and then there are countries that totally welcome and embrace them. And I would say that majority are pro-crypto anyways, so these supposedly war is over before it began.
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AmoreJaz
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February 27, 2021, 09:33:45 PM |
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I'm not really sure if we can categorically call that there is a war against bitcoin. It's just that there are countries that doesn't like the idea, imposed total ban, but majority are still in the gray area are far as legally is concern, and then there are countries that totally welcome and embrace them. And I would say that majority are pro-crypto anyways, so these supposedly war is over before it began.
theres no war against bitcoin. i think, it is more on how countries react to this new digital currency. the sentiments are varied as you said. and the majority are still in grey area because they dont know yet how to legally approach crypto. if you are not conversant with the topic presented, can you decide on this subject? nope. so govt people need to educate themselves first before they can truly implement something towards crypto. it is hard to formulate laws and regulations if they are not well-informed on this matter. this is the reason why they are still hesitant up until now with crypto. they dont know how to tackle this subject and most of them dont know where to begin
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Hamphser
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February 27, 2021, 09:52:51 PM |
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Do we really need frontline or simply a war? Bitcoin might be created for some sole purpose but it isnt really actually trying to get rid of fiat.It is just the government do really
see this as a threat thats why global adoption would always be still on question but still basing off on the rate of acceptance and awareness then we can really see up some movement.
I dont know on whats the point of frontlining matters because adoption itself or recognition by the masses would really be enough to show that majority of people do loves decentralization.
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hatshepsut93
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February 27, 2021, 10:01:21 PM |
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There is no war, Bitcoiners think that if Bitcoin is a competitor of fiat currency, then surely all governments and banks will want to stop it, but this isn't true. Yes, some governments have banned Bitcoin, but most of them, especially those with huge global influence have not, because they simply don't see Bitcoin being a serious threat to them. Adoption is still so low that governments don't look too much at Bitcoin, so they don't ban it not because it's impossible, but because it would just create more work for them that isn't worth it.
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batang_bitcoin
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February 27, 2021, 10:02:11 PM |
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I don't even think that there's a war against the government. It's just your conceptualized idea that bitcoin is at war. But let's say that there are frontliners about it, I'll give the credit to those people that have been visionary about bitcoin from the very start. Those who believed in the project of satoshi nakamoto and et.al which I consider them as the frontliners of it because at the early stage of bitcoin, there have been a lot of backlash already and only a few believed on it.
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Ryker1
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February 27, 2021, 10:20:30 PM |
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Well, perhaps those people who believed in bitcoin will be considered as a frontline, but I don't think if there is a war. Not all countries ban bitcoin so I think there is no war, the problem is government was a centralized form of the organization while the opposite of the bitcoin since it is decentralized and the government can't even be neutralized. So upon imposing such regulation they cant regulate bitcoin that is why they are trying to ban instead of regulating bitcoin. However, I can conclude that the war is over since bitcoin now is the mainstream.
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Kemarit
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February 28, 2021, 12:35:00 AM Last edit: February 28, 2021, 12:54:55 AM by Kemarit |
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I'm not really sure if we can categorically call that there is a war against bitcoin. It's just that there are countries that doesn't like the idea, imposed total ban, but majority are still in the gray area are far as legally is concern, and then there are countries that totally welcome and embrace them. And I would say that majority are pro-crypto anyways, so these supposedly war is over before it began.
Exactly, crypto is going to stay, governments will have to accept that fact, so it is a useless war for them. They have adapted as well, some of them are having their own crypto, (CBDC) - Central Bank Digital Currency. And just this year, we have seen bitcoin's narrative change from speculative asset to a reserve assets for big companies, like Tesla. Also, we have to move away from the notion that bitcoin or crypto in general will replace the old and traditional fiat system, because it will not happen.
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OcTradism
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February 28, 2021, 12:53:12 AM |
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The Genesis block: https://en.bitcoin.it/wiki/Genesis_blockThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks
The governments are on-going to self disclose their rotten fiat currencies and now are switching to CBDCs. Bitcoin is created by Satoshi Nakamoto to beat them and change the world. Bitcoiners contribute to the growth of adoption, usages of bitcoin are contributing to it. Learn and try to increase your privacy for your life and your bitcoin transactions are one of way to contribute to the fight.
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meanwords
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February 28, 2021, 10:41:55 AM |
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Is there even a war to begin with the government? It's not like all the government in the world is against Bitcoin. There are some but that doesn't mean Bitcoin is in trouble from all those bans and restriction. They can do that but there's really no point since people can still use Bitcoin whenever they want, people just need to be sneaky of course. Nonetheless, there's a lot of government who supports Bitcoin now.
Anyway, who's this government you are referring to? because I disagree that your government is doing within their power to stop Bitcoin because if they are, you wouldn't even be in this forum.
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BevNation (OP)
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February 28, 2021, 07:31:27 PM |
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Well, the war always comes in when there is one or two countries, entities or elements contesting for something. There is very much a war against bitcoin from my perspective with the many government interventions in seeing how not to make it work. The problem comes in from the fact that, only one side are known and seems to be fighting very consciously while the opponent which is bitcoin through bitcoiners do fight but rather unconsciously through keeping faith, investing and believing in bitcoin.
So, it begins to make the government look bad, like tyrants as they seem to be fighting against freewill. To think of it, How can one fight freewill? As every bitcoin investor or enthusiast do invest out of freewill. Is the problem with bitcoin because of the fiat or as most of it's transactions isn't taxable.
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just_Alice
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February 28, 2021, 08:25:00 PM |
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Let's not forget we're not living in a dictatorship. Most governments don't have full control over the country. And government can't win in something where they have no control. That's exactly why the government is against crypto, especially in developing countries - they're afraid, and they should be. What can they do? It's a decentralized network? Block any bank accounts, that are related to crypto exchanges, like they're doing in Nigeria? So what? People will get new ones, or find other solutions.
Nowadays, people are getting stronger, more willing to speak out, and much more serious about questions regarding freedom. We can see it everywhere: revolutions against the governments are going on in numerous countries right now, different strike actions, claims against using personal data, etc.
I think mostly the govs understand now, that they can do nothing against the majority. Any form of banning will not be successful, it will only make people angry and force them to protest. Plus, it's not only regular people now, with well-known figures expressing support for Bitcoin it will be much harder for the governments to go against it. I think they'll have no choice but to accept it.
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BevNation (OP)
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Merit: 19
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February 28, 2021, 10:17:45 PM |
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Block any bank accounts, that are related to crypto exchanges, like they're doing in Nigeria? So what? People will get new ones, or find other solutions.
Nowadays, people are getting stronger, more willing to speak out, and much more serious about questions regarding freedom. We can see it everywhere: revolutions against the governments are going on in numerous countries right now, different strike actions, claims against using personal data, etc.
I think mostly the govs understand now, that they can do nothing against the majority. Any form of banning will not be successful, it will only make people angry and force them to protest. Plus, it's not only regular people now, with well-known figures expressing support for Bitcoin it will be much harder for the governments to go against it. I think they'll have no choice but to accept it.
Getting new accounts after a crypto related ban! Is that really possible in Nigeria? I suppose that is with a different back maybe, as i am not so grounded in the current situation on the matter but the biometric system in place can trace and link you to previously banned account and this might result in some complications. I guess the solution would be online wallets or Online banking. Yeah, people are expressing themselves and the government for the people pay deaf ears. Now, whom are they serving and who is the majority. Government is just government.
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maxreish
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March 03, 2021, 10:40:27 AM |
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Other governments prefer bitcoin now while others see it as a threat. It's not a war between btc vs government who is an anti bitcoiner. They are just having a second thought to fully accept and implement it because there are still some issues using it by criminals and fraudsters. On the other hand, I think the frontliners might be the ones who are already inside the government, the employees maybe or the one's that have a position inside of it that can fight and explain the essence and advantage of cryptocurrency.
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Argoo
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March 20, 2021, 05:49:21 AM |
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This is a question I often ask myself each times I hear that the government is doing all within there power to break down the Bitcoin or crypto system as a whole and every time they try, they just fall one more time. Then you see the bitcoin market gain more and more investors as it continues to flourish. There are some governments trying to disrupt the market but there are governments that are embracing the decentralized currency and trying to figure out on how to use them as an alternative. If any governments wants to create a law and ban the entire market they can do that in that country and until there are other markets open for you to trade there is nothing they can enforce until the government impose heavy fine and jail terms which is the most probable tactics they will be using. Bitcoin and other cryptocurrencies do not need to conflict with states and their governments. This is a dead-end line of behavior, as cryptocurrency has little or no chance of fighting against governments. They have not fought with cryptocurrency yet. Cryptocurrency needs peaceful coexistence with other types of currencies, this is the only way it can develop further. This will be in the face of a constant push by governments to regulate the circulation of cryptocurrencies. There is room here to defend our rights, but not to fight governments.
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Kong Hey Pakboy
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March 20, 2021, 06:26:20 AM |
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Why do we have to go on a war against them though? I mean all they do is ban, regulate and spread FUD about bitcoin and I think that the last one is a good thing for bitcoin because it automatically filters out the deserving people that should get bitcoin. War is never a good thing in the first place, the only way for bitcoin to grow is for it to coexist and slowly swallow the traditional institutions.
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