Governments cannot control Bitcoin

[Domithra]

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

[Bobcrypto]

Regulation is a great enemy of cryptos and as such, it is unnecessary for the it future growth. Once there is regulations, we are gonna see control by governments and institutions like  banks coming in, because they known that cryptos and the blockchain that brought the cryptos has actually come to change the way things has been done before now. In short no need for regulations.

[Dark_Soul]

Regulation is a great enemy of cryptos and as such, it is unnecessary for the it future growth. Once there is regulations, we are gonna see control by governments and institutions like  banks coming in, because they known that cryptos and the blockchain that brought the cryptos has actually come to change the way things has been done before now. In short no need for regulations.

Nope, it's not an enemy and it's necessary for growth, because it will attract really big money in the crypto.  Now most investors are afraid to invest.

[Deffobit]

They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.

[trons]

The government can not control bitcoin, but it can prohibit its use. As it was in Korea, India and other countries. Of course it's more like manipulation, but still.

[nrubnach]

Yes,  I agree that the only thing a government can do is to regulate Bitcoin.  Because crypto is designed as decentralized.  Thus,  a government cannot take full control in it. Through regulations,  the government can also benefit from crypto through taxes and regulating ICO would minimize scam incidents. 

[Master107]

To regulate is what the government can do in order to remain in a good relation with crypto people in their country. Referring the wholesome of regulations, yes, government couldn't make it because no government power is allowed in decentralized system of bitcoin.

[Bobcrypto]

To regulate is what the government can do in order to remain in a good relation with crypto people in their country. Referring the wholesome of regulations, yes, government couldn't make it because no government power is allowed in decentralized system of bitcoin.

I doubt if that relationship will be a healthy one for cryptos. I believe that regulation will impact on cryptos
Negatively at the long run. Cryptos are decentralized and regulations will bring in centralization in my opinion. Thank you

[Master107]

To regulate is what the government can do in order to remain in a good relation with crypto people in their country. Referring the wholesome of regulations, yes, government couldn't make it because no government power is allowed in decentralized system of bitcoin.

I doubt if that relationship will be a healthy one for cryptos. I believe that regulation will impact on cryptos
Negatively at the long run. Cryptos are decentralized and regulations will bring in centralization in my opinion. Thank you

Absolutely there is impact but what can we do if we are just a simple citizen that must follow the rules that was given by the government in our particular country. If we insists eagerly then the government can totally prohibit Cryptos for all affected and unaffected.

[Redhead5]

They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.

Yes, government cannot control bitcoin unless if they make a law that make bitcoin regulated and transparency will be established. In this way government can monitored and contolled bitcoin transaction system.

[laughingburger]

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

The government can do more than what you say, although in the front the most they can do is like what you say or even a total ban on crypto. But in the back the government can have a dummy to manipulate the overall crypto price.

[sibolis]

I guess that is the problem.  If government can't control, it should be banned because that is what government do, right?

[luvr1000]

this is not entirely true statement, the government clear strongly affects crypto currency in general

[owmivmen]

Yes until now bitcoin can not be controlled. government is not a force to control bitcoin values. but if this goes on whether bitcoin is considered a risky investment in the future?

[debra]

The government cannot control bitcoin because of the decentralized nature of bitcoin. Other than that, bitcoin has a very high level of security, because it's hard to track by anyone.