Governments cannot control Bitcoin

[legend45]

Government can't really control the bitcoin network if thats whats you mean since no one can control it but government has the power to finally ban bitcoin in one country yes if they decided to stop all btc transaction in one country then nothing we can do about it anymore thats the fact.

The reason why government or other cannot control bitcoin , because decentralized system. No one can control it.

[Azaleea]

If it is true that the bitcoin system cannot be controlled by the local government, what about the guarantee of security? Isn't it that every government makes regulations for the good of its citizens. Then who will guarantee it later if there is a risk?

[Tunir Baap]

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.

I think every country is government not control to Bitcoin. Because we know that world all countries are not rich. And their economy  rate is very poor. So it is not possible to control bitcoin to their government. But now Many high economic countries are full control bitcoin. I hope future days bitcoin are control all countries.

[DAMKAR]

Government can't really control the bitcoin network if thats whats you mean since no one can control it but government has the power to finally ban bitcoin in one country yes if they decided to stop all btc transaction in one country then nothing we can do about it anymore thats the fact.

The reason why government or other cannot control bitcoin , because decentralized system. No one can control it.

Yes You are right, I think the reason why no one cannot control bitcoin , bitcoin is decentralized system. It is safety. Because just demand and supply which can control bitcoin , But It will take big fund. Maybe seevral whales.

[Irfan12@]

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.

Bitcoin is a virtual currency. The popularity of this currency is increasing day by day. Everyone wants to get bitcoin. Bitcoin is created in a way that cannot be controlled by a third party. Bitcoin is regulated automatically. Since Bitcoin is regulated automatically, it is not possible to collect government revenue. Bitcoin cannot be controlled by the government.

[LUCKMCFLY]

The beautiful thing about Bitcoin is that it will never be controlled by governments or banks, that is what makes it more exciting apart from the volatility, the Bitcoin economy is like kryptonite for superman for governments and banks, it is the only way to achieve freedom financial, given this, it is almost impossible for them to take control, governments and banks like it is safe things, not the volatility of bitcoin.

[pealr12]

For Direct control they may not be able to do that, but indirect control  government can achieve this through the help of exchange and other platforms where people use most frequently.

[Wedhus Balap]

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.

I think every country is government not control to Bitcoin. Because we know that world all countries are not rich. And their economy  rate is very poor. So it is not possible to control bitcoin to their government. But now Many high economic countries are full control bitcoin. I hope future days bitcoin are control all countries.

I don't think it is because a country is poor or rich so that it can control bitcoin. Even the richest countries will not be able to control it, because bitcoin uses a decentralized system. Maybe it's best to strengthen your opinion, please give examples of which countries are able to control the bitcoin system

[Freemind]

@Wedhus Balap I agree with you that no government can control Bitcoin. What we must never forget is that things can be controlled in different ways. Let's imagine that some government has mined the vast majority of Bitcoin so far, they wouldn't have all the Bitcoins in the world, but they could manipulate the price up or down perhaps forcing other investors to sell at different prices. What I just said is just an example, but we can see how there are many forms of non-direct control in any market or industry.

[flyaccount]

In my opinion, because Bitcoin can be run independently, the government actually does not control anything. And it will always be like this. Because that's the hallmark of crypto and blockchain systems.

[Malam90]

I am locking this topic as it is three years old topic. It is always better to discuss in the new topic. So we can create new topics to discuss.