They will try to stop Bitcoin

[Mahanton]

there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins

China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.

Banning and prohibitions decisions made out by China isnt something new and if you've been here on this market for a while now then you wouldnt really be surprised on how things do works when it comes to fundamentals like these on which it cant really be avoided for people to think that there would be might some major or big effect on the entire market which is still not an assurance for it to happen.
Everything will really vary on demand of course but sentiments like this could neither give out some significant impact or not depending on how the community would react into it.
Stopping is something usual to happen because government does really hate decentralized things.

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[zaesvlas]

It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.

[Taskford]

they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing

To many attempts made by anti bitcoin from the past but nothing of them succeed and how much more right now where the adoption spreading fast across the globe for sure they will not succeed on what they plan towards this currency.

But for sure those any attempts will not succeed since one thing is for sure they are also into bitcoins and they are just spreading hate or any other reasons what you said just to paint bad bitcoins and dump it temporarily.

[Obito]

there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins

Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?

[stadus]

there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins

Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?

Let me answer that, I don't know if this list is still updated but there are the top 5 countries in which cryptocurrencies are banned.

1- CHINA
2-BOLIVIA
3- INDONESIA
4- TURKEY
5- EGYPT

source / https://www.news18.com/news/tech/five-countries-that-have-banned-cryptocurrencies-4233206.html

[chanler]

There are some restrictions in some countries that do try to stop bitcoin. That's okay because not all countries are eligible to accept bitcoins and not everyone accepts bitcoins either. even this has happened from the start but bitcoin has proven that it deserves to be accepted and also used with its soaring value and rapid development. each country must have its own regulations to be able to accept or prohibit bitcoin for certain reasons.

[macson]

It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.

yap...they don't really want to stop bitcoin, they invest in it and try to manipulate its price with the bullshit news they create every time the value of bitcoin goes up.  they are drama makers and trying to make big profits from panic sellers.

[gloriamartin]

Stopping Bitcoin would be a stupid move. It's benefiting people in many ways and will benefit them in the near future as well. Yes, the government can impose any indirect control over transactions, but internally, they can’t impose any regulation on Bitcoin.

[ropyu1978]

long ago they have said they want to stop bitcoin in their respective countries like the Chinese government which loudly and loudly rejects the circulation of bitcoin among its people where they openly do this, but they also have not succeeded in stopping bitcoin, they just can stop it by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin

[bakasabo]

What is this, another horror story of Bitcoin being dead? How many times people bury or tried to kill Bitcoin? I guess every quarter someone appear that "will definitely stop or ban Bitcoin". But if I open mempool, it is never empty. Isnt it a proof that Bitcoin can not be stopped ? Countries tries to ban Bitcoin, but dont succeed fully. Banking and law system tries to stop Bitcoin - we see how they fail or cryptocurrency finds a way out.

[bitterguy28]

Stopping Bitcoin would be a stupid move. It's benefiting people in many ways and will benefit them in the near future as well. Yes, the government can impose any indirect control over transactions, but internally, they can’t impose any regulation on Bitcoin.

It is indeed who benefits many people but there are part of the world that are not, specially governments and other areas that people are being hindered by decentralization and Volatility .
and that is the reason why there are still faction that wanted to stop bitcoin but it is clearly that they are failing over and over again.
it has been years and years now yet Bitcoin is alive and kicking so in the end of the road they are failure.

[AicecreaME]

https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

''We therefore call for:

1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality.
2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods.
3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.''

''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.''

 


Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

- that is my opinion -


... or the topic could be:

The topic of this thread should be : "they wish they could stop Bitcoin"

Much better, I tend to agree with you.

Indeed, when bitcoin has been reaching its ATH , people have so many things to say and do so that they could stop its growth. But guess what, no matter how hard someone would try to destroy bitcoin, they just can't. Bitcoin already passed the test of time. It has withstood all the bad things thrown at it years back then and was able to survive the pinning down of other countries such as China who kept on trying to bring bitcoin down by imposing banning of anything related to crypto. But instead of totally declining, bitcoin just eventually bounced back after some backslash on its end. It didn't really went downhill and reached rock bottom. It managed to stop the dump and get back on the top like it usually does. You see, bitcoin is a strong coin.

Despite the efforts of declaring bans and such, it will still continue to exist. Bitcoin requires power and energy to be mined and we all know that. Hence, bitcoin mining is often done in areas which has low electricity cost to minimize the cost efficiently and at the same time, they try as much as they can to minimize the power consumption as well. That is why there are places that has been relying now on renewable sources of energy such as using geothermal energy to power the mining of bitcoin. That way, the pollution would be lessened and the power consumption would be minimal, resulting to saving little more portion of the production cost.

Sure, there are alternative ways to mine coins and we know for a fact that miners are already doing that to effectively harvest more positive results as well. I just can't see the point why bother to complain now when it was done all these years. After all, miners are also doing their best to switch from better ways which could impact the planet in less negative manner.

[rodskee]

long ago they have said they want to stop bitcoin in their respective countries like the Chinese government which loudly and loudly rejects the circulation of bitcoin among its people where they openly do this, but they also have not succeeded in stopping bitcoin, they just can stop it by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin by prohibiting the circulation of bitcoin for the people there but can't stop the bitcoin

Wrong in this, Chinese government succeeded stopping Bitcoin in their region , but not affecting the whole process because instead of Dumping the price of Bitcoin increases so much high and we can see that making another ATH right after they finally announced their Banning of Bitcoin .

It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.

yap...they don't really want to stop bitcoin, they invest in it and try to manipulate its price with the bullshit news they create every time the value of bitcoin goes up.  they are drama makers and trying to make big profits from panic sellers.

Like what happened back in middle years of Bitcoin ? when government are making negative feeds about bitcoin so they can purchase in much cheaper value?

[Luzin]

Like what happened back in middle years of Bitcoin ? when government are making negative feeds about bitcoin so they can purchase in much cheaper value?

I don't understand if this is really happening. But right now I have never heard and read clearly that any government institution buys bitcoin, except for El Salvador. All I know is it's the big crypto-backing companies that bought it. If it's about buying below it is a natural thing, because every price increase there must be a decrease. I've experienced this two times with very sharp declines.

[AakZaki]

Wrong in this, Chinese government succeeded stopping Bitcoin in their region , but not affecting the whole process because instead of Dumping the price of Bitcoin increases so much high and we can see that making another ATH right after they finally announced their Banning of Bitcoin .

Currently they are no longer a country that has an influence on BTC. There are indeed many supporters and haters. But they don't know how many people have changed for the better economically. How strong the government is for now they are still difficult to stop Bitcoin. Maybe in the future they will make more stringent regulations. They will set up like stock. They will collect taxes for state income. I think this is a better solution than stopping bitcoin development. The world is growing, the government should be able to follow it, not stop it.

[Dannaey]

I think this is just their way to manipulate the price. I think and I know that cryptocurrency will now be part of our life on way or another. I know the government knew that. Especially, Facebook will now change its name to Metaverse. Many companies will follow.

[nicolerichardson]

Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.

[Newlifebtc]

Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.

Bitcoin can not be bridged from been successful, the surviver of bitcoin come from people that invest on it with full trust and humanity abd also cryptocurrency as bitcoin is a digital currency that work alone with anyone come in control so the technology for it development is different and is secret to person that invent it only, bitcoin is unstoppable even government can not stop it

[Wawa2013]

Many tried to stop Bitcoin from becoming successful. It didn't work. When it comes to new technologies, there are always people who don't want them to survive. These are the same individuals who are trying to stop Bitcoins. Many countries in the world tried to stop Bitcoin and failed. Bitcoin has been accused of a lot of things. From funding terrorism to money laundering and even using it for criminal purposes, it has not stopped the people from using it.

Bitcoin can not be bridged from been successful, the surviver of bitcoin come from people that invest on it with full trust and humanity abd also cryptocurrency as bitcoin is a digital currency that work alone with anyone come in control so the technology for it development is different and is secret to person that invent it only, bitcoin is unstoppable even government can not stop it

There have been many attempts to stop Bitcoin, especially those who perceive Bitcoin as a threat to fiat usually often provide misleading information
about Bitcoin. Like some country leaders who say Bitcoin is widely used for illegal activities. In fact, if we think about it carefully, fiat that has been
used for a long time should be used more for illegal activities. Like China, which often spreads FUD about Bitcoin, but fails to stop Bitcoin. In fact,
many projects have been created to replace Bitcoin, until now there is not a single project that can replace Bitcoin. Bitcoin is too strong to stop,
its development is very rapid and I believe people who support Bitcoin will continue to increase.  Finally one by one the parties who oppose Bitcoin
will turn in favor of Bitcoin. Because it will be a loss if someone ignores Bitcoin.

[Finestream]

they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing

We all knew already why they can't blame the large factories and minings of all sorts just like you stated. Those said companies are still standing tall until now because of the fact that they're sanctioned by the government itself. When it comes to that issue, they became deaf and blind.
But when it comes about bitcoin, they're so loud always try and try to take bitcoin down and finding some holes. Why? Because the government itself won't benefit from every transactions, even becoming a middle man of crypto is still impossible.