Government regulations are clogs to Bitcoin total decentralization

[Ishicryptic]

Bitcoin was created by Satoshi Nakamoto, to be a decentralized digital currency in the hands of people, so that they will have total control over the Bitcoin that they hold. Bitcoin gives it's holders freedom and privacy of transactions, so that third parties like Banks and governments cannot interfere. But the decentralization of Bitcoin has been a big concern for many governments around the world.

When Donald Trump, was campaigning for the presidency, he took a friendly stance towards Bitcoin, probably to get votes, now that he has won the election, many people are hoping that the US will have favorable Bitcoin regulations. Today Bitcoin has gone beyond p2p transactions between two parties, people needs to carry out transactions through third parties like centralized exchanges, also facilitate crypto transactions through Banks. This is the major area where government interferences comes in, they want to regulate cryptocurrency transactions by all means.

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

[CryptoHeadlineNews]

Bitcoin was created by Satoshi Nakamoto, to be a decentralized digital currency in the hands of people, so that they will have total control over the Bitcoin that they hold. Bitcoin gives it's holders freedom and privacy of transactions, so that third parties like Banks and governments cannot interfere. But the decentralization of Bitcoin has been a big concern for many governments around the world.

It's true that inasmuch as Bitcoin is a decentralized digital currency which is not controlled by third party, let's not forget that those who uses non custodial wallets do have full control over there fund, unlike Bitcoins on Centralized exchanges, which is why it's always advisable people uses crypto wallets where they own the private key. However, over the years, government policies have also been known to have slight influence over the price movement of Bitcoin when an unfavorable policies are made against mining companies and most especially centralized exchanges, which I'm sure must have prompted the crypto community to support Donald Trump when he gave his support to crypto. So in a nutshell, Bitcoin is still decentralized, but it depends on what type of wallet it's been kept.  

[BIT-BENDER]

When Donald Trump, was campaigning for the presidency, he took a friendly stance towards Bitcoin, probably to get votes, now that he has won the election, many people are hoping that the US will have favorable Bitcoin regulations. Today Bitcoin has gone beyond p2p transactions between two parties, people needs to carry out transactions through third parties like centralized exchanges, also facilitate crypto transactions through Banks. This is the major area where government interferences comes in, they want to regulate cryptocurrency transactions by all means.

Donald Trump has become the first US president to carry out a Bitcoin transaction publicly, yes they are politicians I still feel it is too early to doubt if he really has any soft spot for Bitcoin. Although when Donald Trump was elected for his first tenure he wasn't friendly with Bitcoin still Bitcoin did well during that period so with Trump or without Trump Bitcoin is here to stay.

Also aside p2p and centralised exchanges you can actually use decentralised exchange which is more anonymous than the former and has less government control.

[Obim34]

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

Bitcoin interference with the CEX does not hinders Bitcoin decentralized nature, what makes Bitcoin fully decentralized is based on how it was built, the blockchain at which Bitcoin operates fully remains decentralized as long as it exist, not even the government can have control over transactions or intercept the market in their own favor. The market is controlled by the investors, as long we all buy and sell we got major over the market. Political news can only temporal affect the market but it does not last long and quickly falls back to the original sources.

CEX's are just there to make our transactions easier, one can still do away with his transactions without involving any form of CEX, at least to monitor illegal transactions because the fight against Bitcoin is prompted from the idea that Bitcon is most likely used by scammers, and these CEX has truly helped to identify some scammers but all together, Bitcoin remains decentralized, the only option left is for Government to begin indulging into Bitcoin activities, a few has started now we wait for the majority.

[Felicity_Tide]

Bitcoin was created by Satoshi Nakamoto, to be a decentralized digital currency in the hands of people, so that they will have total control over the Bitcoin that they hold. Bitcoin gives it's holders freedom and privacy of transactions, so that third parties like Banks and governments cannot interfere. But the decentralization of Bitcoin has been a big concern for many governments around the world.

When Donald Trump, was campaigning for the presidency, he took a friendly stance towards Bitcoin, probably to get votes, now that he has won the election, many people are hoping that the US will have favorable Bitcoin regulations. Today Bitcoin has gone beyond p2p transactions between two parties, people needs to carry out transactions through third parties like centralized exchanges, also facilitate crypto transactions through Banks. This is the major area where government interferences comes in, they want to regulate cryptocurrency transactions by all means.

Of course, you've made a valid point, and i believe most people on the forum are acquitted with this issue of government interference, but let me start by saying Bitcoin was built in such a way that it doesn't offer a complete form of privacy. Transactions are traceable, especially down to centralized exchanges, and in most cases, funds can be seized whenever there is a complaint against someone. The truth is, decentralization and the government are two opposite things that might struggle to work hand in hand. So, even with the newly elected president who has been an advocate of bitcoin, we might not see any difference on the policies that has been on ground, but bitcoin will definitely strive under him.

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

I don't really like this form of excuse, because i want to believe that bitcoin isn't the only valuable item used for money laundering, so we shouldn't even make this a big deal. The truth is, they don't just like the whole decentralization thing.

[Adbitco]

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

You must understand is that exchanges such centralized exchange was the only place you can buy bitcoin since you can't send bitcoin to a random users for exchange for fiat. Okay, let assumed you didn't know this forum and you want to buy bitcoin how will get you to know someone who is to send you bitcoin and you send such person fiat?
This is very hard to do, bitcoin being decentralized doesn't mean that it wouldn't be listed on exchange nor traded on centralized exchange due to its nature, and before we can trade bitcoin in exchange we surely needs to pass some documentation in form of kyc to that exchange and through exchange regulations comes. That if why if you aren't that comfortable using exchange then i say you can use some p2p service provided here whom you might send your bitcoin and receive whatever currency you want as a return.

[Marvelockg]

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

you know, there's a quite big difference between doing p2p transactions on an exchange and how it makes the process centralized to doing regular transaction at banks.

Exchanges are just platform that helps you own Bitcoin after which you take charge of the rest of the transaction process. It's not possible to randomly get access to who you can carry out a p2p transaction with if there's no exchanges in existence but even at that, it doesn't take out the decentralized nature of Bitcoin. Government still makes use of centralized exchanges as a way of regulating crypto but the good thing is that  you could just buy your crypto through a centralized exchange and transfer it from the exchange into your cold wallet which gives you complete control of your coin.

We can't totally say that with Bitcoin, there's no form of third party interference; there's, and if trump or several countries start to own the greater quantity of Bitcoin it might even go beyond reducing the extent of the decentralized nature of Bitcoin to the point where they get to influence Bitcoin price based on there buy or sale decision.

[Ishicryptic]

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

Bitcoin interference with the CEX does not hinders Bitcoin decentralized nature, what makes Bitcoin fully decentralized is based on how it was built, the blockchain at which Bitcoin operates fully remains decentralized as long as it exist, not even the government can have control over transactions or intercept the market in their own favor. The market is controlled by the investors, as long we all buy and sell we got major over the market. Political news can only temporal affect the market but it does not last long and quickly falls back to the original sources.

CEX's are just there to make our transactions easier, one can still do away with his transactions without involving any form of CEX, at least to monitor illegal transactions because the fight against Bitcoin is prompted from the idea that Bitcon is most likely used by scammers, and these CEX has truly helped to identify some scammers but all together, Bitcoin remains decentralized, the only option left is for Government to begin indulging into Bitcoin activities, a few has started now we wait for the majority.

It is an undisputable fact that government interferences on centralized exchanges does not hinder Bitcoin decentralized nature, the Blockchain is not controlled by any single individual or government. But another fact that we need to agree is that if these exchanges that governments have influence over are not very important for Bitcoin transactions, then they will have all phased out. With the increasing adoption of Bitcoin, we can not push aside the importance of exchanges when it comes to p2p transactions and trading. The important roles that exchanges perform in cryptocurrency generally have opened the door for governments to interfere in cryptocurrency regulations. Bitcoin is decentralized no doubt but the issue of trust and convenient transactions has made third parties like exchanges to become necessary and that is the loophole from where a government will interfere in Bitcoin.

[cabron]

Bitcoin was created by Satoshi Nakamoto, to be a decentralized digital currency in the hands of people, so that they will have total control over the Bitcoin that they hold. Bitcoin gives it's holders freedom and privacy of transactions, so that third parties like Banks and governments cannot interfere. But the decentralization of Bitcoin has been a big concern for many governments around the world.

It's true that inasmuch as Bitcoin is a decentralized digital currency which is not controlled by third party, let's not forget that those who uses non custodial wallets do have full control over there fund, unlike Bitcoins on Centralized exchanges, which is why it's always advisable people uses crypto wallets where they own the private key. However, over the years, government policies have also been known to have slight influence over the price movement of Bitcoin when an unfavorable policies are made against mining companies and most especially centralized exchanges, which I'm sure must have prompted the crypto community to support Donald Trump when he gave his support to crypto. So in a nutshell, Bitcoin is still decentralized, but it depends on what type of wallet it's been kept.  

It depends on whether you have linked your wallet and submit KYC also. Because if you have submitted KYC on some other platforms, you are just as compromised as Diddy would force you to bend down because they have a video of you holding a dick.

The regulation is making Bitcoin centralized yet it can be decentralized when you get out of the system and complete no IDs to your wallet and just trade on DEX. Or just make business out of any platform that requires KYC and that means out of the regulation.

[Spaceman1000$]

Bitcoin was created by Satoshi Nakamoto, to be a decentralized digital currency in the hands of people, so that they will have total control over the Bitcoin that they hold. Bitcoin gives it's holders freedom and privacy of transactions, so that third parties like Banks and governments cannot interfere. But the decentralization of Bitcoin has been a big concern for many governments around the world.

When Donald Trump, was campaigning for the presidency, he took a friendly stance towards Bitcoin, probably to get votes, now that he has won the election, many people are hoping that the US will have favorable Bitcoin regulations. Today Bitcoin has gone beyond p2p transactions between two parties, people needs to carry out transactions through third parties like centralized exchanges, also facilitate crypto transactions through Banks. This is the major area where government interferences comes in, they want to regulate cryptocurrency transactions by all means.

Although I can't blame governments on their stance to regulate cryptocurrency, mainly because of money laundering. We however can't say that Bitcoin is totally decentralized if governments that are centralized have so much influence in some parts of it's transactions.

Even with the interference from the government, people still have private ownership of their Bitcoin, is natural that the government would want to fight a situation that allows you to control your finances, but that has already been addressed Ab initio from the creation of Bitcoin as it's very much decentralised. Satoshi Nakamoto knew a day will come where Government would want to crackdown on bitcoin owners, so it was wife enough for him to have brought up the decentralised system.

Donald Trump did not just take a friendly stance on bitcoin because of seeking for votes, he is a businessman of great repute that understands opportunity and where to invest and yield profit and he has seen that Bitcoin has that potential hence the support for the bitcoin community.