Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on July 04, 2018, 05:52:00 AM
-
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.
-
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.
-
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.
-
They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.
-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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.
-
I guess that is the problem. If government can't control, it should be banned because that is what government do, right?
-
this is not entirely true statement, the government clear strongly affects crypto currency in general ???
-
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?
-
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.
-
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?
I can see where you coming from for this statement, but we could not deny the fact that although government cannot control the internal of crypto like the price and tokens sale but in actual fact the government still have full control of the external part of crypto like the rules and regulations of crypto isn't it?
-
Hardly possible to control.
Government can only close web sources to prevent BTC transactions.
-
Decentralization is not always right.
Even bitcoin are still concentrated in a few people, and are being governed by them, not the government.
What will people with uncontrolled power do?
I do not think regulations are necessarily bad.
-
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.
Yes,Bitcoin is decentralised no one can control it.Being decentralized, Bitcoin has no leader,no office, and no tangible asset backing
-
I can't imagine if the government will control bitcoin. Everyone will reject it. Bitcoin will experience a decrease in interest due to government regulations.
-
bitcoin has a very high level of security, because it is difficult to track by anyone. The government cannot control bitcoin because of the decentralized nature of bitcoin.
-
yes it's true what you say the government can't control bitcoin because it is decentralized unless they have the same law as bitcoin the government can just arrange it
-
Why government wants to control bitcoin? I think because of many purposes behind the issues. I am afraid politicians will take advantages through this problem. Bitcoin cannot be controlled, it is decentralized and no one own it. If it is controlled by the government, we will lose the characteristics of bitcoin.
-
it's true that no one can control bitcoin unless it's true that a pope who has a lot of money might affect the price slightly
-
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.
Right ..., the government cannot control bitcoin transactions but the government can make regulations even audit bitcoin through the exchange. when the government has begun to tighten regulations through KYC and limit fiat withdrawal transactions, it is the government's control of bitcoin.
-
they will eventually accept the power of bitcoin and they will stop trying to control it.I cannot understand why they are so involved with the currency of the future.
-
Actually goverments cannot control BITCOIN or any decentralized coins but what they can do is to impose KYC and restrictions where we have to change crypto in FIAT. This can be a serious problem because actually very few things can be bought with Crypto .
-
No one can control crypto or bitcoin. Crypto prices are determined by how technology is available on coins or crypto. enthusiasts this year have difficulty understanding how to assess crypto.
-
Cryptocurrencies was created in such a way that it is decentralized based on the blockchain technology. This is the main reason why governments are against it. They don't have control over it.
-
they can limit the usage of it by imposing different barriers and tarriffs such as limitations in taxes and requirement of passport but a full control is not possible at the moment.
-
Centralized currencies easily controlled by bank and governments but decentralized currencies are not easily controlled.... Bitcoin is decentralized currency.
-
yes that is true, for this reason so many countries or governments do not legalize Bitcoin. The government is afraid it cannot control the growth of the bitcoin rate, transaction history and so on. So the government does not know the ownership of bitcoin for every citizen. The government is afraid of currency invasion in the country because many people are moving to Bitcoin, the government is also afraid that Bitcoin will be used as a money laundering tool for corruptors.
-
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.
Yes It is true. The government cannit control bitcoin over. Because decentralize. If the government legalize and can control, I thint It will become centralize.
-
I disagree if the government does not control bitcoin, maybe bitcoin has not been controlled by the government because it is still in the process of making regulations related to bitcoin
-
Governments can't control Bitcoin, but they can certainly influence its price greatly. This whole year FUD about regulation has been pumped out. And I don't know what I would do if my country made owning cryptos illegal (don't think this will happen, but you never know).
-
I disagree if the government does not control bitcoin, maybe bitcoin has not been controlled by the government because it is still in the process of making regulations related to bitcoin
-
Only developed countries governments like Japan, Canada, Australia, New Zealand, Austria, Switzerland, Italy, France, Germany, Russia etc countries governments control bitcoin because they are bitcoin friendly countries.
-
bitcoin is made to fight the centralized currents regulated by the government and they make open ledger technology that we often call blockchain, government pricing can not be done on the market but if the government sets a tax for every incoming and outgoing funds from crypto conversion to fita it is still possible . this means that a certain amount of withdrawing crypto from a local bank is subject to a certain amount of tax
-
From the start, anyone could not control Bitcoin, either an individual or a company or maybe a government. Which can only be Bitcoin users themselves in this entire world. If for a government that wants to monitor Bitcoin, I think it will be difficult and even impossible. Because the system uses Decentralization in transactions, it will be difficult to supervise by the government.
-
yes that is true, for this reason so many countries or governments do not legalize Bitcoin. The government is afraid it cannot control the growth of the bitcoin rate, transaction history and so on. So the government does not know the ownership of bitcoin for every citizen. The government is afraid of currency invasion in the country because many people are moving to Bitcoin, the government is also afraid that Bitcoin will be used as a money laundering tool for corruptors.
Actually, the government can control the circulation of bitcoin through exchanging and making KYC rules and registering each wallet owned, its function is to protect users when hacking occurs and audit each user's transaction. I believe that such a protocol is easy for the government to make.
-
governments can impose rules concerning trading, income, taxes, ect... up to a certain point these rules are needed to bring some sort of stability to the crypto market and less chaos and scams... unfortunately these rules will be needed to a global adoption of bitcoin as money
on the other hand I don't know about BTC decentralization.... some patents, potencial control of the network and crazy fees might be on the way
-
I think the government can manipulate Bitcoin.
And here are some methods they can use:
- Quantum computer with the ability to gamble all mining farms :)
- Extreme legal regulations & rules, making BTC ownership, transactions, and mining become illegal;
- Use media channels to attack Bitcoin when exploiting its weaknesses in energy, terrorism ...;
- Use a large budget to manipulate the market price, making BTC ownership more risky.
-
That is correct. The creation of bitcoin is just like having a revolt against the corrupt government. No one can stop bitcoin for as long as there are people who believe in it. The government can only regulate it.
-
The root of bitcoin system is deeper than what we think about it because centralized is different from decentralized where being anonymous is the priority to cater. The government can control bitcoin once bitcoin permitted the rule of government within the circle.
-
Of a truth government cannot just control bitcoin because they may have not really understand how it operate crypto is quite different from fiat currency where one person will just claim millions and billions of dollar for self alone, what I think the government may try to impose is to taxi crypto market which is the exchanges since they can't control bitcoin.
-
Indeed. How the government can handle or control the Bitcoin? It is not like the banks, Bitcoin is decentralized. The value of Bitcoin is determined by supply and demand in the market. With this nature, it will be difficult for the government to control it.
-
Yes, Bitcoin is decentralized and the government has no chance to control it. Bitcoin is always there and the value is only determined by the market. Government cannot control its price as there is no way to control the value of Bitcoin in a decentralized system. So, Bitcoin doesn't need help from the government.
-
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 if government wants can control it. Those countries which accepted crytpocurrency to their economy made a regulated body which we can easily see in exchanges and projects by KYC. But happy things that gradually more country going engaged in it and the more country will involved here internationally govt body will launch for it.
thanks.
-
Indeed. How the government can handle or control the Bitcoin? It is not like the banks, Bitcoin is decentralized. The value of Bitcoin is determined by supply and demand in the market. With this nature, it will be difficult for the government to control it.
Thats what good about bitcoin. However in cryptocurrency, I think only few are really utilized decentralization, the worse case is the recent news with tether freezing some accounts of suspicious hackers and users. For that, we can say that bitcoin is the only safe crypto that cant be touch by a private sector. I do hope some would realize that more altcoin are not really decentralized.
-
I don't think governments can't control bitcoin. They just don't want to control it. It's the fact that bitcoin doesn't have enough power to affect the banks. When bitcoin does, governments will control or ban it. Even until now, a lot of countries still keep a neutral attitude toward bitcoin.
-
So far, governments cannot control cryptocurrencies, but I think governments are already thinking about a solution and will soon come up with something, in the meantime, we can not worry about anything and we just can calmly earn in this area.
-
How could a government be able to control bitcoin because bitcoin a decentralized coins which has no control over a individual person or institution or banking systems. It's a blockchain protocol which has no limitations over fiat or banking.
-
Of course no government can control bitcoin or any cryptocurrency, for that matter. But you can see there is an indirect control. For example, SEC does control exchanges or projects doing business with Americans. And tells them how to run their business
-
The government cannot directly control, but indirectly the government can control it, through regulations made to limit the development of crypto, including Bitcoin. I think as long as the public still transacts using paper money. without regulations strict does not need to be controlled, because it will indirectly be limited by the community itself.
-
Governments are not intersting to control the bitcoin,they want to regulations the btc because in this way are sure the bitcoin is not use in the bad purpose like criminal or tax fraud activity.
-
It's almost impossible for the government to control bitcoin, they can regulate it through exchanges and maybe manipulate it by also funding/investing in bitcoin but bitcoin isn't going anywhere. If push comes to shove; people will use DEX or blackmarket to transact bitcoin. This is going to be on a long run
-
Governments will not be able to directly control Bitcoin, at least for now because meddling in the blokchain network is very difficult without the Hs capacity. Instead, they can indirectly influence Bitcoin with regulations, extremely high taxes, or don't count it is money nor commodity.
Governments are motivated enough to wield economic power, and I know they are very active to maintain that.
-
I agree with your observation mate Government cant stop the Bitcoin Network as long as the Internet infrastructure is working because Bitcoin transaction was done in a decentralized way the only thing that government can do is to regulate any trading activities including a transaction from the cryptocurrency exchange that was operating in their respective territories.
-
That's right, bitcoin is decentralized and cannot be controlled by anyone including the government. is there really a way to control bitcoin? while bitcoin is done through transactions throughout the computer network in the world?
-
That's absolutely right, bitcoin is a decentralized currency that cannot be controlled by the government. However, it is different from the centralized exchange platform where the government can intervere. I recommend using decentralized exchange!
-
This is the main cause of rejecting cryptocurrency specially bitcoin. If government cannot control this currency, money laundering will be occurred easily. It may affects on the economy negatively. There is a way to regulate it but this scope is limited. So, I think, if there had proper regulation method and controlling ability of the government, many countries would come ahead to permit bitcoin for transaction.
-
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.
At the same time, without a certain regulation of the circulation of cryptocurrency in the territory of a certain state, further increase in its liquidity is impossible. Without the legalization of cryptocurrency by the state, it is unlikely that it will be able to gain good popularity among the country's population and be in good demand. Therefore, the legalization of cryptocurrency by states is still necessary.
-
Governments can't control bitcoin because bitcoin has no limitations over a certain people or organisations. Bitcoin just a decentralized coins which equally familiar with world. It has no control over banking systems. No political or Pandemic can control it.
-
As long as there are people who value innovation, practicality, and freedom, bitcoin will continue to be a big middle finger pointed right at the state in the name of decentralized, permissionless order.
-
Obviously this was the concept behind decentralized cryptocurrency but not many coins are truly decentralized which can effect the reputation of cryptocurrencies negatively.
-
If bitcoin works like banking systems, then it would be possible to control bitcoin by governments and policies.
-
It's clear that Bitcoin can't be controlled by the government.
Even in various countries, this Biitcoin is a non-existent currency.
The value of Bitcoin is determined by traders, not by the government or other financial institutions
So, if Bitcoin today is 1,000 USD and tomorrow Bitcoin is 10,000 USD, it has become commonplace for all Bitcoin traders.
-
Yes. That is why Bitcoin is gaining great popularity. After all, it is convenient and easy to use. I think in the future the banks themselves will start using it.
-
But they can implemnet some law and order to use this technology as their advantage. I saw the news that south Korea govt add a 20% tax on every crypto transaction. I think Govt from other countries also thinking about add taxation in crypto so that it can be a big revenue source for them. This market is huge and its a lot of money govt losing every year.
-
If bitcoin works like banking systems, then it would be possible to control bitcoin by governments and policies.
Bitcoin can work in conjunction with the banking system, but even then the government will not be able to regulate its price or change the technical characteristics of Bitcoin. However, organizational regulation, that is, the definition of the conditions for his walking in society is of great importance. This is what states and their governments can do, and it will have a big impact on the circulation of bitcoin.
-
That's always true and every government should accept bitcoin as well as other crypto-currency like other commodities. Whenever any government try to ban Bitcoin , the usage of Bitcoin started increasing and even they couldn't control it after banning Bitcoin. So, it's better to accept bitcoin or try to regulate it, IMO.
-
Most of crypto platform come up with decentralized system to lessen uncertainties that could cause by government. Centralized platform is limiting the amount of transactions or whatever the government says it must follow. In centralized the last word is government. In decentralized the word is anonymous member with security platform.
-
In decentralized the word is anonymous member with security platform.
[/quote]
The purpose of government trying to control crypto space is because they want to all the benefits for themselves and it's not possible, at least not when we have decentralized platforms. First they tried to discredit bitcoin and refer to it as scam and then they try to manipulate it (probably still doing that) They will continue to try all their best to regulate its usage as a whole but they can't control the whole crypto space
-
Government cannot controlled the bitcoin. It has no control over banking systems.but I believe one day the government control banking system.
-
Yes. That is why Bitcoin is gaining great popularity. After all, it is convenient and easy to use. I think in the future the banks themselves will start using it.
Banks can provide services for exchanging cryptocurrency for regular currency. However, state banks are unlikely to use bitcoin widely.
-
Government cannot controlled the bitcoin. It has no control over banking systems.but I believe one day the government control banking system.
Banks are being controlled by individuals and government, this is not the case on bitcoin. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity.
-
I agree that the government can only do one thing but regulate the other. Because cryptocurrency is designed for decentralization. However, the government cannot take complete control of it. The government can benefit by creating its own project.
-
The economy is changing rapidly, and businesses must adapt to new situations. The traditional financial system is struggling through an unbelievable recession
-
It is a global currency and there is no authority. In this point of view I can say govt. never control it.
-
Of course the governments cannot control bitcoin, they can not manipulate it... this is how I like bitcoin. I salute the creator of bitcoin "Satoshi Nakamoto" he is really genius.
-
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.
As much as dislike regulations, I think there is pro and cons in everything.
There are still users that have been doing illegal business and hidden behind bitcoin and crypto. This is making crypto adoption becoming difficult and hard for new people.
If there is regulation, scamming and hackers might reduce in number.
-
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.
As much as dislike regulations, I think there is pro and cons in everything.
There are still users that have been doing illegal business and hidden behind bitcoin and crypto. This is making crypto adoption becoming difficult and hard for new people.
If there is regulation, scamming and hackers might reduce in number.
But the sad truth is that even our FIAT currencies which are regulated still have pros and cons and scammers and hackers. Before bitcoin went popular, there were already a lot of illegal transactions going on so even if bitcoin becomes regulated, there will still be a way to use it for illegal things.
-
The governments cannot control bitcoin. The best thing governments could do in regard to competing with Bitcoin is allow for more freedom and privacy in individual’s financial activities.
-
No one can stop bitcoin and bitcoin is future money paper money finish in 2025
-
I also think that Government will never able to attract the Bitcoin. Although they may have certain regulations of it, it will always depend on o the country itself. Moreover, it is about the control where they may influence little bt price of the BTC. Well, the BTC is up right now.
-
Ever since bitcoin entered the stage, it has, in fact, built its value through various stages, experimented with, and sent it out for a better medium of exchange. As time goes on, better methods to increase the likelihood of being hit in the Blockchain begin to evolve, and technologists always have access to use the revealed capabilities to provide an upgrade phase. Unsurpassed blockchain where all can count on the safety of their exchange and their income
-
Bitcoin has built its value through various stages from its inception, tested and sent out for a better medium of exchange. As time goes on, better methods to increase the likelihood of being hit in the Blockchain begin to evolve, and technologists always have access to use the revealed capabilities to provide an upgrade phase. blockchain is dominant, so it is impossible for the government to control them
-
Bitcoin is a decentralized online virtual cryptocurrency that are available in several countries. Bitcoin a cryptocurrency that has no definite DeFi system or any documents on banking systems. Banks cannot support bitcoin hence central government cannot control bitcoin as asual.
-
One party can send a hexadecimal string to another and no one in the world can prove bitcoin or any form of money sent. is distinct and can be done using simple speech, so this will be a matter of banning free speech.
-
Yes, this is a vague question. To answer your question from the county government's context: Any form of payment that goes beyond their payment processing will inevitably attract some potential threat known as Nonsovereign assets for citizens of that country.
Bitcoin use cases started and evolved in areas where no one is sure and uncertain and when they are used. The difference between the line between "claims to be illegal" and "stop using Bitcoin".
-
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.
Either way, the government cannot control the use of Bitcoin, due to encryption.By using Bitcoin over a VPN based in a separate country or through the TOR, the government cannot know who is using it. Bitcoin and anonymity are preserved (as long as you don't exchange goods with Bitcoin in a trackable way!).
-
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 really cannot change the nature of Bitcoin's functioning. However, it can and will do so by regulating the order of its circulation and use in society. At the same time, such rules for the circulation of bitcoin may be established that it will be easy to establish the identity of their holders, especially if it concerns the exchange of cryptocurrency or its use as a means of payment.
Only the movement of bitcoin and other cryptocurrency between wallets is impossible to trace and identify the identity of their holders, even if there is no movement of cryptocurrency to exchanges from such wallets.
-
Bitcoin is a decentralized online virtual cryptocurrency that are available in several countries. Bitcoin a cryptocurrency that has no definite DeFi system or any documents on banking systems. Banks cannot support bitcoin hence central government cannot control bitcoin as asual.
We need banks to make fiat into digital currency expecially in centralized exchanges. We need banks and banks need bitcoin vice-versa. Even bankers are holding bitcoin because they see value in it
-
Bitcoin is a decentralized online virtual cryptocurrency that are available in several countries. Bitcoin a cryptocurrency that has no definite DeFi system or any documents on banking systems. Banks cannot support bitcoin hence central government cannot control bitcoin as asual.
We need banks to make fiat into digital currency expecially in centralized exchanges. We need banks and banks need bitcoin vice-versa. Even bankers are holding bitcoin because they see value in it
In fact, if there is a harmonious cooperation between bitcoin and banking, it is possible that there will be an overall improvement with bitcoin trading itself.
but usually banking is always based on the rules of the country, there are still many countries that have not recognized the existence of bitcoin.
This is of course a problem in itself, because we know bitcoin can run without interference from banks, but it is better if there is cooperation it will be wide open for the public to be able to participate in it.
hopefully in the future it can be realized for all countries.
-
Government cannot controlled the bitcoin. It has no control over banking systems.but I believe one day the government control banking system.
Yes, Bitcoin is a decentralized cryptocurrency and cannot be controlled by the government or any other entity. But banks on the other hand are regulated by rules through the government or government-appointed authority.
-
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 above is not designed to provide an argument as to why bitcoin won't work, but instead to warn the fact reader that a decentralized currency doesn't mean it's out of reach. with the government.
-
Currently, bitcoin is not considered a means of payment, but there is no recognized regulation as an asset. The management and behavior of this electronic currency between authorities has not been agreed and people have not defined specifically what bitcoin is.
-
Anyone can operate a computer software to "mine" Bitcoin, then use them to exchange, buy and sell goods or services, even for cash, completely in one hand. secure and anonymous fields. That is why the government cannot control Bitcoin
-
Bitcoin is a virtual currency created with the aim to become the "currency of the internet". Therefore, Bitcoin is not regulated by any government or bank so it is "immune" from any external controls.
-
One thing that worries governments is the effect Bitcoin has on their national economies. As people don't have to pay fees to use Bitcoin, using banking services becomes unnecessary. Bitcoin's popularity may one day overtake the dollar for example and devalue it.
-
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.
Yes i am fully appreciate your Opinion and it is really not possible to control the BTC No matter how powerful country President as Donald Trump
-
Yes, the governments have no power to control the Bitcoin. Bitcoin is decentralized and has by all people, the price cannot determine by someone, so how can the governments control it. Satoshi knows very well how to make it not controlled by someone. It is an excellent idea to make a decentralized concept.
-
how bitcoin is a threat if it is created by the elite using an imaginary character to push new generations into blockchain AI matrix no one can stop bitcoin.
-
Yes, the governments have no power to control the Bitcoin. Bitcoin is decentralized and has by all people, the price cannot determine by someone, so how can the governments control it. Satoshi knows very well how to make it not controlled by someone. It is an excellent idea to make a decentralized concept.
Governments cannot control the price of bitcoin and its technical characteristics. However, it can control the conditions of Bitcoin circulation in society and, in general, control the processes of its exchange for conventional currency. It is also very strong control.
-
Yes, the governments have no power to control the Bitcoin. Bitcoin is decentralized and has by all people, the price cannot determine by someone, so how can the governments control it. Satoshi knows very well how to make it not controlled by someone. It is an excellent idea to make a decentralized concept.
Governments cannot control the price of bitcoin and its technical characteristics. However, it can control the conditions of Bitcoin circulation in society and, in general, control the processes of its exchange for conventional currency. It is also very strong control.
Yes, governments in general have a lot of opportunities to influence the circulation in society and the existence of cryptocurrency in general. Legal regulation of cryptocurrency is a very strong leverage and should not be ignored. Therefore, cryptocurrency and participants in the cryptocurrency market should not conflict with governments; they need to find and develop common points of contact. The cryptocurrency should smoothly enter the financial system of the society.
-
Bitcoin has no control. Bitcoin is not controlled by any country's government. Because Bitcoin itself is a king. Bitcoin position in the cryptocurrency market is at the top. Because of its popularity and many more users. There are billions of investors in the world. So I think the place of Bitcoin is above all. And Bitcoin is not controlled by any government or organization, it is controlled by its users.
-
I think it will be difficult for the government to fully regulate crypto. This is because crypto has a fairly complex system. Therefore, it is not surprising that until now there has been no government interference in crypto.
-
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.
Yes i am fully appreciate your Opinion and it is really not possible to control the BTC No matter how powerful country President as Donald Trump
It is clear that the government can still control if it really intends to monitor it so that it is not misused, because many are using bitcoin for this prohibited transaction which the government is afraid of. Even though it is a bit difficult, if there are regulations that support the government, it can do what it can.
-
Bitcoin is decentralized, no one will be able to control it, even the price changes depending on the number of transactions.
-
Well, we all believe that the government can't control bitcoin but i choose to see this from another perspective
What If the government decides to buy up every single bitcoin in circulation? Don't you all think they will gain control over who owns it and who don't??
If am asked, I did rather say that government have no control over blockchain and not bitcoin, Blockchain is the decentralized system where bitcoin is built on, no one can gain control over blockchain cus it belongs to nobody, but i think government can still gain control over bitcoin if its possible for them to buy up every single bitcoins that have ever been mined
-
Currently, bitcoin is not considered a means of payment, but there is no recognized regulation as an asset. The management and behavior of this electronic currency between authorities has not been agreed and people have not defined specifically what bitcoin is.
Bitcoin is a digital currency. It is decentralized, governments cannot control bitcoin. So it doesn't matter if Bitcoin is recognized or not. Those involved in the crypto world consider Bitcoin as a resource and a means of payment.
-
Bitcoin has no control. Bitcoin is not controlled by any country's government. Because Bitcoin itself is a king. Bitcoin position in the cryptocurrency market is at the top. Because of its popularity and many more users. There are billions of investors in the world. So I think the place of Bitcoin is above all. And Bitcoin is not controlled by any government or organization, it is controlled by its users.
but the government may impose taxes on each transaction bitcoin for taxation can be set every government has the authority to regulate all the taxes I was quite worried if the tax applied in all countries for trading rule crypto it will form badly for trade crypto worldwide.
-
I corroborate your conception. Government can not control bitcoin even government can not identify bitcoin holders because it is decentralized. Now a days people get more involved in crypto currency. Most of the countries of the people use crypto currency but where many countries were not permitted to use bitcoin but government can not control it.
-
I think it will be difficult for the government to fully regulate crypto. This is because crypto has a fairly complex system. Therefore, it is not surprising that until now there has been no government interference in crypto.
States have not yet strongly interfered in the activities of the cryptocurrency, since they do not consider it a threat to their security. The G20 states have so far determined that cryptocurrency does not pose a threat to the global financial system. However, states will always strive to control the activities and circulation of cryptocurrencies as much as possible.
So far, in general, states have a relatively positive attitude towards cryptocurrency. But it should be remembered that they can allow her to walk, but they themselves will not actively support her.
-
Bitcoin is decentralized, not under the control of any issuing company or organization. Government can't control bitcoin, they can only control how it's been used in their various companies
-
yes Governments cannot control bitcoin because bitcoin is futures of paper money 2025 paper money will finish and crypto will use has money remember my words now its time to enter in crypto and bitcoin.
-
Now many countries want to take control of cryptocurrency, but I can't understand how they want to do it, if the DEX exchange is gaining popularity.
-
Governments can never control bitcoin governments in most countries of the world operate bitcoin as illegal this is essential if governments are to develop a major role for digital currencies in controlling the importance of digital currencies in order to prevent abuses that keep governments relying on the system. There is no central supplier no control over supply and demand, and no central agency to impose regulatory requirements presenting serious regulatory challenges to bitcoin control is completely decentralized.
-
A smart government would utilize its power and use smart ways to control the BTC.But It’s not governments, but banks that we need to worry about. In my opinion, banks are the key to controlling the BTC.
-
The corrections to be made have hit crypto privacy so far. Governments simply cannot use their technology and accept itself, interestingly.
-
Now many countries want to take control of cryptocurrency, but I can't understand how they want to do it, if the DEX exchange is gaining popularity.
Some countries hide cryptocurrency to their sovereignty because they know the negative impact to banks once the people know that cryptocurrency somehow is a good investment. I think not all countries want to control cryptocurrency because they are not yet ready to adopt such advance virtual money.
-
How the government can control the Bitcoin? Even Satoshi doesn't control the Bitcoin, especially its price in the market. I think the government only can limit the use of Bitcoin as a payment tool in a country. While the use of Bitcoin for any purpose as a whole around the world is something uncontrollable.
-
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.
Indeed, this is a matter of Centralized versus Decentralized, or Regulated vs. Unregulated.
Since that we all know decentralized is much better than a centralized system. We always choose the cryptocurrency
due to its advantages and unique features that centralized don't have.
-
Bitcoin has a high level of protection. Due to this high level of protection and the decentralized nature of Bitcoin, no government can control Bitcoin. Bitcoin is controlled by Bitcoin users, who conduct Bitcoin transactions. The third party does not receive any transaction fees and they are not profitable. In other words, even if a third party supports a country's bank, they do not benefit. Because it is a transaction from user to user.
-
No country's government can control Bitcoin. There are Bitcoin users who do bitcoin transactions. And no government gets taxed on bitcoin transactions. Because Bitcoin is made in such a way that it can be a transaction between two people. There is no additional fee or tax for this transaction. So I think it's a very good means of transaction.
-
Indeed, the government cannot control bitcoin itself as such, but it can successfully take control of those who use bitcoin. There is practically no difference in this. It is necessary to find some kind of consensus on this issue.
-
I think that they will not be able to control the bitcoin, as it is simply unrealistic to do, because the wallet is not tied to a specific person.
-
In fact, the bitcoin market is not so much controlled by the government. Again some control is available. The bitcoin market actually depends on human transactions. The more people trade, the more the Bitcoin market will go up and down. Be it a certain place that is completely controlled. It is not officially fully controlled.
-
Decentralized means that is not conducted by anyone. Bitcoin is Decentralized for this reason on one can control it. If the government of any country trying to control it then it can not be possible even many countries attempt to control cryptocurrency because they are not yet ready to adopt such advance virtual money. I think if they learn about the advantages of this they will start using this again.
-
Not government or any institute who control price of bitcoin as well other coin also. Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).
-
Decentralized means that is not conducted by anyone. Bitcoin is Decentralized for this reason on one can control it. If the government of any country trying to control it then it can not be possible even many countries attempt to control cryptocurrency because they are not yet ready to adopt such advance virtual money. I think if they learn about the advantages of this they will start using this again.
Governments will no longer use decentralized cryptocurrency. We must agree with this, because they have a good alternative to decentralized cryptocurrency - their own digitized stablecoins of central banks, which will combine the advantages of conventional currencies and cryptocurrencies. Therefore, they do not need cryptocurrency in its current form.
-
If central bank control bitcoin then it highly possible to control bitcoin for governments and government agencies. Otherwise not possible.
-
In systemic function I think its not possible, but in terms of regulatory purposes of course, the Government can inforce its law because it directly involved its citizens that's why it is easy to carve with any guidelines or licenses, etc, But the government cannot shutdown Bitcoin because it is a Decentralized in nature.
-
From the start, anyone could not control Bitcoin, either an individual or a company or maybe a government. Which can only be Bitcoin users themselves in this entire world. If for a government that wants to monitor Bitcoin, I think it will be difficult and even impossible. Because the system uses decentralization in transactions, it will be difficult to supervise by the government.
-
No country or government of any country can control Bitcoin. Bitcoin is primarily controlled by Bitcoin users. There are lots of users all over the world. Users from all over the world support Bitcoin from their respective locations. It is not unknown that Bitcoin is a universal currency around the world. So I think Bitcoin is not regulated by the government of any country. Bitcoin is traded and traded all over the world. Transactions and trade will increase many times in the future.
-
The truth is that government does not actually care about bitcoin, cryptocurrency or blockchain adoption; the governments are more interested in how much tax can come from crypto currency; which is why they are interested in regulation, and interfering with who does this or that with crypto.
As an investor or trader; remember that the government is centralized while crypto currency is decentralized. Two parallel lines
-
The government cannot control Bitcoin. There is no power to control Bitcoin. Because there are a lot of users of Bitcoin all over the world. It is not possible to suppress these users if you want. So I think no country can take the initiative to destroy Bitcoin. Because if any country goes against Bitcoin, there will be no harm to Bitcoin. Bitcoin currency is much more known all over the world. All users around the world do a lot of bitcoin transactions. So I think there will be bitcoins all over the world. However, each country will have a separate facility for transactions.
-
The truth is that government does not actually care about bitcoin, cryptocurrency or blockchain adoption;
They do care it just a matter of time government will allow Bitcoin in their respective areas. Of course, the citizens are the most important to protect against fraudulent and scam investment. Government job is to secure the country safetiness. In some countries Bitcoin is legal.
-
The system that is run by bitcoin is indeed an independent system. Where all control is in the hands of the coin holder. For this reason, government interference is actually almost non-existent. The approval of the government will only provide a sense of security.
-
The government will only handle taxes that will be taken by the government. As long as taxes can't be collected I don't think the government will pay attention to bitcoin. But if the government has received the results from the bitcoin tax, of course, the government will at least take part in handling bitcoin, as an example of legally using bitcoin payments.
-
Government can not control bitcoin or any other crypto currency because there is no way to find any transections. It is decentralized not centralized. If any one make any payment or international transection then government can not do anything for this reason most of the countries have no government permission. But they are trying to find the way to control it. They will contract with exchanger how to control it and it will be the way to monitoring only.
-
There is no way to control bitcoin or any other altcoins. It is impossible to find out any transection. But they have one way to find out some users transection by help of exchanger. It can be the one way to controlling but not completely.
-
The government cannot control bitcoin, but the problem is that the government can prohibit the circulation and use of bitcoin in the country. And if this happens people will find it difficult to use or invest in bitcoin and other cryptocurrencies.
-
Bitcoin cannot be controlled by the government of any country. There are no specific restrictions on which countries or nations. Because Bitcoin is open for use all over the world. Bitcoin is a member of such a technology, but you can't specify it for any country. Bitcoin is known as an open currency for users around the world. Users around the world use Bitcoin. I don't think it can be controlled by any country's government. What will never be possible in the days ahead is more later.
-
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.
government don't have control of Bitcoin but surely they could regulate it in their country. we have seen this in many countries where they even ban the use of Bitcoin.
-
Bitcoin controls the entire cryptocurrency world. However, no country's government can control Bitcoin. Because the control of Bitcoin is not limited to the government of any country, or to any particular region. Bitcoin has users all over the world. No country's government has made any profit from Bitcoin. That is why the administrations of most countries do not support such bitcoins. But Bitcoin is the name of a developed currency in the developed world. This coin is popular all over the world. So people have a lot of plans with Bitcoin.
-
The government cannot control bitcoin. Because this bitcoin is an independent investment. Where everything is in the hands of the bitcoin holder itself. and there is no government interference.
-
Conflict of Interest is the best enemy of government, once they notice a good business it will imposed to have a lot of rules and regulation to result not to follow and penalised I don't want government to handle or Control bitcoin.
-
Government can manipulate Bitcoin. Bitcoin is made to battle the centralized streams controlled by the government and they make open record innovation that we regularly call blockchain, government estimating can not be done on the showcase but in case the government sets a assess for each approaching and active stores from crypto transformation to fita it is still conceivable .
-
Undoubtedly, governments will not be able to control bitcoin, as well as other anonymous decentralized cryptocurrencies. But still, the government will be able to control everyone who still uses bank accounts and pays bills, and also buys things with fiat money. If a person cashes out cryptocurrency, then government control will be much easier.
-
No country government can do bitcoin. Because Bitcoin is absolutely open to users all over the world. Bitcoin is traded all over the world. Bitcoin is one of the most popular in the world. Bitcoin transactions are done by all the rich and famous people of the world. All the more famous people invest in Bitcoin. These are the topics of so much talk and discussion about Bitcoin all over the world. Bitcoin is the most talked about topic in the online world.
-
Not government or any institute who control price of bitcoin as well other coin also. Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).
There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.
-
This is one of the advantages crypto currencies have over fiat currency. Where their values cannot be issued and controlled by the Government.
-
Not government or any institute who control price of bitcoin as well other coin also. Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).
There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.
Yes, there are still many people who do illicit trade or carry out illegal trade, this is what makes some state regulations not support bitcoin as an alternative payment,
the government has a strong reason because if bitcoin is approved as an alternative to payment, there is a possibility that the misuse of bitcoin will get bigger and harder to trace,
-
What threat is bitcoin if it was created by the elites using an imaginary character to push new generations into the blockchain AI matrix, no one can stop bitcoin for sure.
-
Yes you are right. I heard governments are thinking of taxing bitcoin, but there is no law yet to back that shite idea.
-
The government of every country wants to tax Bitcoin. However, Bitcoin is a member of such a technology, this coin can not be taxed in any way. This is a user-to-user transaction. So I think no country government can take any tax from bitcoin currency. It is unknown at this time what he will do after leaving the post. However, this may not be possible, as no government has to pay a fee for transactions in blockchain technology.
-
Not government or any institute who control price of bitcoin as well other coin also. Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).
There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.
This is why government is finding it difficult to legalise bitcoin because of its pseudonymous characteristics. But on the other hand, the number of people who use crypto for good is far much more than those who are using it for bad. In every system, there is merit and Demerit even a new solution is having it own problem.
-
Government can not control bitcoin this is the main issue to avoid bitcoin form any country. If the government can control then no problem will be appeared. Bitcoin is a digital currency which have not boundaries. No one can not find out the trisections even government have no any way to find out or impose taxes. If the government permit it then definitely it causes country will fall in economic problem. Which will not be recovered.
-
It will be difficult to stamp on a decentralized system as cryptocurrency is built on it. Government will try clamp on centralized exchanges through KyC and all that. Exchanges that are completely Decentralised are being built
-
The government cannot control bitcoin because it is decentralized, governments have their own jurisdictions, which cannot work against, and governments are even more likely to control bitcoin because of its lack of data.
-
Governments don't want to control the Bitcoin ,what they want is a legislation for regulations the bitcoin in this way are sure you will pay the tax and the bitcon are not use to support criminal activity.
-
Yes you are right. I heard governments are thinking of taxing bitcoin, but there is no law yet to back that shite idea.
There is a huge money to collect when the government compulsory implement the tax system to Bitcoin users. Big enough to fund the employees of government offices. And probably the normal corruption will give birth during the day of Bitcoin adoption in regulatory ecosystem.
-
Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.
-
Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.
You are right. Many countries are standing aloof currently as per crypto while only a few are crypto-friendly. Now that many tech giants are developing their own blockchain solution, it's expected that government will soon start to patronize these products once they reach production stage. But generally, governments wouldn't want a parallel economy and that explains why come countries frown against cryptocurrency.
-
Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.
You are right. Many countries are standing aloof currently as per crypto while only a few are crypto-friendly. Now that many tech giants are developing their own blockchain solution, it's expected that government will soon start to patronize these products once they reach production stage. But generally, governments wouldn't want a parallel economy and that explains why come countries frown against cryptocurrency.
Every government's understand that Blockchain and Bitcoin have an incredible potentials because the IMF boss have advised them about it but the chance for communism countries to support cryptocurrency will always be 5% cause they will see Bitcoin as a threat to their culture.
With that been said, the words the government can not control Bitcoin may change the community doesn't use Bitcoin more as an asset now that private companies and institutions are pumping Millions/Billions of dollars to accumulate Bitcoin and we know that the highest accumulator has the chance to manipulate the market.
-
Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.
You are right. Many countries are standing aloof currently as per crypto while only a few are crypto-friendly. Now that many tech giants are developing their own blockchain solution, it's expected that government will soon start to patronize these products once they reach production stage. But generally, governments wouldn't want a parallel economy and that explains why come countries frown against cryptocurrency.
Every government's understand that Blockchain and Bitcoin have an incredible potentials because the IMF boss have advised them about it but the chance for communism countries to support cryptocurrency will always be 5% cause they will see Bitcoin as a threat to their culture.
With that been said, the words the government can not control Bitcoin may change the community doesn't use Bitcoin more as an asset now that private companies and institutions are pumping Millions/Billions of dollars to accumulate Bitcoin and we know that the highest accumulator has the chance to manipulate the market.
There will still be some control. But I don’t know which is better when the cryptocurrency market is controlled by big Whales and companies that own large amounts of Bitcoin, or when the government uses its leverage over the financial sector. A simple cryptocurrency user is held hostage, since they are not allowed to fully safely and independently use the earned fiat funds, and on the other hand, a decentralized cryptocurrency will not give independence because of whales.
-
Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency to day i see news Pakistan will legal crytpo.
-
Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency to day i see news Pakistan will legal crytpo.
It is very profitable for the countries of Asia and South America to switch to cryptocurrency, so I believe the government will very quickly make changes to the legislation. I believe that it is the cryptocurrency that can give great chances for circumventing all kinds of sanctions that apply to some countries, and which are forced to use the dollar.
-
There is no way by which you can control bitcoin. But if we use it positively then we can get more advantages form it but the problem is that everybody will not be honest. This the main fact. Due to this problem bitcoin would not be permitted.
-
Yes you are right. I heard governments are thinking of taxing bitcoin, but there is no law yet to back that shite idea.
Since Bitcoin cannot be controlled by the government of any country. The number of users is increasing day by day. So governments are planning to tax Bitcoin. I don't know if it will be successful in the future. However, there may be a law behind the matter. If the government of every country or the government of developed countries thinks like this, it will be possible all over the world.
-
There is no way by which you can control bitcoin. But if we use it positively then we can get more advantages form it but the problem is that everybody will not be honest. This the main fact. Due to this problem bitcoin would not be permitted.
Obviously, you cannot control the system for bitcoin, but in terms of regulations you can make the rules so that they don't deviate because nobody wants to break the rules. Even though it is very difficult, with this protection there is at least a fear of breaking these rules.
maybe the government is afraid because it will be used as money laundering from the proceeds of selling narcotics and corruption, but by legalizing it and making clear rules, it is certain that not just anyone wants to do it, at least it will be made kyc to exchange for fiat and vice versa.
precisely the prohibition will have a negative impact and will people look for loopholes to do not comply with the rules.
-
Recently it is occur in peoples mind that government can control bitcoin? Actually I don't think government can ever control decentralized cryptos. They will find ways to control it but every time they try to, they will always fail to achieve it. Maybe transactions can be traced by tracing exchangers used by users, from here they can put regulations and taxes if they wanted, but controlling and taking over cryptos or ban person uses bitcoin, they can't do that unless they totally ban transactions with connections to cryptos in some countries or all over the world which is possible if they will try hard. But It is not possible to completely control bitcoin.
-
The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Agree. In this alone government can exert its power and nothing more. For sure the corrupt government officials are trying to find some ways to work bitcoin on their hands for personal gain. The official who are volunteering themselves for idiocy.
-
I don't know what the government of each country thinks. Bitcoin may not be approved in all countries. However, I have recently heard that the government of every country is supposed to collect taxes from Bitcoin. But I think the clock is already playing a role in the economy. But even if taxes are levied in the future, each country's economy will flow more widely. However, no country's government can specifically control Bitcoin.
-
Bitcoin is a cryptocurrency and decentralized digital currency. Being decentralized, it cannot be controlled by any government or authority. But if the government legitimizes the transaction and converts it into the Fiat currency through the banking system, I think it would be better for the state. In this case, the government must take alternative measures to prevent money laundering.
-
No, they can not but it is possible to implement some law and regulation. I think this is also necessary. You can see a recent scam and hacking activity. Like 0USD hack kucoin hack. If we failed to punish those criminals then other will be encouraged to do that again.
-
As what it said bitcoin is decentralized and no centralized system can control the brilliant manner which we can see in bitcoin. Yet it could still possible that somehow centralized can make a way for personal gain.
-
Governments cannot control Bitcoin but the banks? Banks contain a lot of power and are more than able to influence politics. Since Bitcoin is a direct threat to their profit, you can be sure that they will lobby to keep the cryptocurrency illegal. And as you can see, they still have decision-making power in some countries, which is why the cryptocurrency is illegal.
-
Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies.
-
Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency today i see news Pakistan will legal crypto.
Indeed, this is a good thing about Bitcoin and some other altcoins as well. I also admired some of the countries that making legal about the blockchain technology to their own territory too. Due to like what you had stated in above this is decentralized powered by its users.
-
The straight forward answer is no the government can't , and they should get sacked for corruption for trying to control of something they do not have ownership of or provide, crypto currency is decentralised and non custodial currency meaning the government can't control crypto.
-
The government cannot directly control bitcoin. However, he has a lot of proven mechanisms for how to do it indirectly. First of all, these are legal regulation and taxes. If desired, these two levers can kill or drive anything you like underground. Therefore, it is better not to conflict with states and their governments for a decentralized cryptocurrency.
-
Yes its true and we all providing [https://www.Url is blocked due to spam/cryptocurrency-wallet-development]Bitcoin wallet development [https://www.Url is blocked due to spam/cryptocurrency-wallet-developmentl]
-
The government cannot directly control bitcoin. However, he has a lot of proven mechanisms for how to do it indirectly. First of all, these are legal regulation and taxes. If desired, these two levers can kill or drive anything you like underground. Therefore, it is better not to conflict with states and their governments for a decentralized cryptocurrency.
Undoubtedly, the government can have levers of control, on quite legal grounds, thanks to taxes and the relevant regulatory legislation and structures. In addition, I believe that governments can have a very large influence on the entire cryptocurrency market, taking part in trading as a big whale. And we repeatedly hear the news that the US government is confiscating large amounts of Bitcoin from certain cryptocurrency owners. Manipulation with a large volume of cryptocurrency can not only destroy a certain cryptocurrency, but also very much harm the cryptocurrency market.
-
The government of any country does not get any tax from bitcoin. So no country's government can control Bitcoin. Bitcoin is not limited to any particular country. Bitcoin users are widespread around the world. Bitcoin is traded all over the world. It is a transaction of various commercial organizations. Bitcoin is used to complete a large amount of commercial activity. Bitcoin is not controlled by the government of any country. However, Bitcoin is expected to be approved in most countries.
-
Bitcoin is also a currency that can be traded at traditional banks around the world. The government of Bangladesh cannot suppress if it wants. Because Bitcoin blockchain technology allows transactions around the world. So even if a country bans it, it will not be able to suppress it. Since no one in the transaction knows anyone’s identity. So I think the government of the country cannot tax or suppress bitcoin. Governments can support Bitcoin.
-
That's is actually the very purpose of bitcoin why it is created decentralized. To give people the freedom they want to stay anonymous while making money and also to set them free from taxes which you might wonder where did they put your money. atleast in bitcoin aside from not risking your personal data you have no question same with what you have in the centralized services.
-
It's true that the government cannot directly tax bitcoin, but there are taxes imposed on any income from bitcoin. In many places the taxation is not regulated well and the amount of tax you have to pay is decided on a case-by-case basis, which is a lot of hassle and not really good for most investors.
-
The government of any country does not get any tax from bitcoin. So no country's government can control Bitcoin. Bitcoin is not limited to any particular country. Bitcoin users are widespread around the world. Bitcoin is traded all over the world. It is a transaction of various commercial organizations. Bitcoin is used to complete a large amount of commercial activity. Bitcoin is not controlled by the government of any country. However, Bitcoin is expected to be approved in most countries.
You are deeply mistaken in your reasoning. Somehow there was information that only half a year after the introduction of taxes on profits from cryptocurrency in Japan, the country's gross domestic income increased by 0.6 percent. The lack of such information does not mean that taxes on cryptocurrency are not collected. In another case, on this forum there was information that the US tax authorities sent out notifications to cryptocurrency users with a reminder to pay taxes on cryptocurrency on time. As long as you only store cryptocurrency in your wallets, you are invisible. However, as soon as you enter the exchanges and exchangers where identification is required, the state may already know about this. States will continue to tighten the rules for the circulation of cryptocurrencies and they will have enough leverage to control this.
-
No country government can control Bitcoin. Bitcoin is a currency used by users around the world. Even if the government takes steps for the purpose, it will not be able to control bitcoin. Bitcoin is widely known as a currency.
-
Bitcoin is a popular cryptocurrency in the cryptocurrency market cap but all countries governments can't support bitcoin because they can't control bitcoin . Only some development countries, japan, usa , canada, australia, Estonia etc etc countries government allow bitcoin as their transactions systems.
-
It's true that the government cannot directly tax bitcoin, but there are taxes imposed on any income from bitcoin. In many places the taxation is not regulated well and the amount of tax you have to pay is decided on a case-by-case basis, which is a lot of hassle and not really good for most investors.
This is considered the most effective measure at the moment so that governments can influence the demand for Bitcoin transactions and use. If the tax is too large, users will choose other means of payment instead of Bitcoin.
In some countries like Vietnam, the government has delayed the enactment of a crypto legal framework, which also worries the entire crypto community of Vietnam as it is possible to face penalties at any time. Many crypto projects were forced to register abroad to avoid such troubles.
-
I totally agree with Op because Bitcoin is difficult to soften.
Bitcoin is like a wild ball that rolls very irregularly, every time it always rolls in the direction of good and bad news.
So Bitcoin cannot be controlled by the Government and this has been absolute since Bitcoin was created by Satoshi Nakamoto.
-
No country_s government controls Bitcoin. Bitcoin is known and popular all over the world. So I think bitcoin can't be controlled by any country's government. However, the government may take steps to approve bitcoin.
-
No country_s government controls Bitcoin. Bitcoin is known and popular all over the world. So I think bitcoin can't be controlled by any country's government. However, the government may take steps to approve bitcoin.
It is true that one government cannot control bitcoin and other decentralized cryptocurrencies, but it can influence them with regulatory and tax levers. But most states can make a general decision to ban the circulation of cryptocurrency and establish criminal liability for its use. In this case, most of the participants in the cryptocurrency market will stop using it and this market will gradually die. Do not underestimate the possible influence of states and their governments on any aspect of our life.
-
Governments cannot control bitcoin itself, but they can control those who own bitcoin without much difficulty. At the legislative level, it is possible to regulate crypto-exchanges, ICOs, and similar projects. It will not be a problem to monitor the activity.
-
Exactly. Bitcoin is created by a genius person or group that cercumvented the system of government. The only way that government can taste bitcoin in a consistent way is to regulate the exchanges of cryptocurrencies.
-
This time no one government will control the Bitcoin or an other crypto currency in the market but they know that soon this currency is going to be legal and the bankers will also start to cash the crypto coins and they install the ATM,s.
-
Bitcoin is not controlled by any government. Bitcoin is under their control. It cannot be run by any government. If a country was run by a cryptocurrency, then the cryptocurrency would have ended long ago.
-
They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.
That's right I agree with you. Bitcoin does not belong to anyone. It runs at its own pace. It will run the way investors will run it.
-
You are absolutely right becauseb bitcoin is a vertual coin.manny countries economy system is very good.so they were control bitcoin but it is very risky.beacuse many illigal group are illigal work of bitcoin.
-
Bitcoin is not controlled by any government. Bitcoin is under their control. It cannot be run by any government. If a country was run by a cryptocurrency, then the cryptocurrency would have ended long ago.
Yes, I think no one can control bitcoin. Bitcoin depends on demand and supply, the government cannot control bitcoin and just blocked. Bitcoin and others is the future technology, no one can refuse the technology, I believe It.
-
I think it is also dangerous for developed countries because they are difficult to collect taxes on cryptocurrencies. But I believe the future will be overcome and investors will contribute to their country in some way to help their country.
-
I think it is also dangerous for developed countries because they are difficult to collect taxes on cryptocurrencies. But I believe the future will be overcome and investors will contribute to their country in some way to help their country.
I am a brand new user in this forum so I had no idea about this. I got a very good idea after reading this valuable post of yours. However, I think it is very dangerous for developed countries because it is difficult to tax cryptocurrencies. But I believe that in the future investors will contribute to their country in any way they can.
-
This is the main thing why i love Bitcoin. Because we have full control over our money and no one can control it other than me. But if anyone get more than 50% mining power he can destroy bitcoin which is called 51% attack.
-
I Think government has challenging subject to control bitcoin because we know that As c country to control bitcoin there are economy system is very strong and very high.So it is not so much easy to control bitcoin for every country.what do you think.
-
Yes brother you are right the government will never be able to control bitcoin. Because Bitcoin or cryptocurrency is under its control. No one can control it and will not be able to do so in the future. Because Bitcoin has been created in a way that is not controlled by anyone. Thank you brother for creating such a beautiful topic. The senior brothers have commented on this in a very nice way. And says that Bitcoin will never be controlled by the government. I have read and understood their topics. I hope you know the matter well.
-
The government can't control bitcoin, but it can ban its use in the country. Of course, people will be able to trade on exchanges using a VPN, but this will mean that the law is still being violated.
-
Yes, I agree. No government regulation can control or intervene absolutely. This is the advantage of digital financial systems compared to conventional ones. So that its growth is very dominant influenced by market fluctuations...
-
One thing I noticed the most. ষ Bitcoin is used the most in developing countries, especially in European countries. But the use of bitcoin in developing countries has not been legalized. That is why the governments of the least developed countries will never be able to handle Bitcoin.
-
All the controls that Bitcoin applies are in the hands of their respective holders. Because the blockchain system is designed so that users are independent and can carry out all transactions on their own so it will be much faster and easier.
-
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.
yes , I agree government cannot control bitcoin, because decentralized. No one can control bitcoin . The basic factor which affect the bitcoin price is demand and supply. We all know bitcoin and others are volatile.
-
Of course the government will never be able to control bitcoin because when it was first launched, bitcoin had a whitepaper which showed that bitcoin could never be controlled by anyone, including the government, because its movements depended on the owner itself.
-
No one can control Bitcoin and no government can control it. It continues to be controlled from its own place. This is why bitcoin is not legalized in many countries. He also invented the bitcoin gene but I don't think he can control bitcoin.
-
As far as I know, no one can control Bitcoin. And the government will never be able to control what bitcoin is.The legitimacy of bitcoin I have seen is not in many countries. Maybe the government will not be able to regulate bitcoin because they have not yet legalized bitcoin in those countries.
-
Bitcoin never goes under anyone's control. It returns to run at its own pace. I do think any government can not control Bitcoin because it will be very difficult for the government of a country to control the amount of Bitcoin transactions that are happening day by day and its popularity is increasing. Bitcoin is the king of the cryptocurrency world. Bitcoin will reach the moon one day. Bitcoin will be valued more than gold.
-
Yes, up to now a lot of countries are still unable to accept cryptocurrencies. If a country accepts Bitcoin, then that country will definitely thrive in the future because Bitcoin brings huge value as well as profits.
-
One thing I noticed the most. ষ Bitcoin is used the most in developing countries, especially in European countries. But the use of bitcoin in developing countries has not been legalized. That is why the governments of the least developed countries will never be able to handle Bitcoin.
Yes, if the government can manipulate the price of Bitcoin, I believe Bitcoin cannot thrive like it is today and there are not many such investors. No one or any nation dominates Bitcoin completely
-
Yes, countries that do not accept Bitcoin often do not develop because they fear that investors will invest in Bitcoin and will lose the value of the country's currency. but the value it brings to help their nation's development
-
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.
Government just blocked but cannot control bitcoin. Maybe only whales cannot control bitcoin. But who is whales ? I think no one cannot be. Bitcoin has owned by every one. So Bitcoin cannot be controlled. Only demand and supply will be basic factor.
-
The government has no control over Bitcoin. The government cannot collect any tax from Bitcoin. So the government of any country does not want to legalize bitcoin easily. But many developed countries have legalized Bitcoin. It is hoped that cryptocurrency Bitcoin will soon be legalized worldwide.
-
Digital currency management has yet to create a truly meaningful means of controlling anywhere. As such I think any government can control it through a system if it wants to. Money laundering is possible in any country if legal or illegal transactions are not controlled day after day. He must come into a system as such.
-
The government will never be able to control Bitcoin because it is not possible to control Bitcoin alone. Bitcoin is regulated by investors. If investors sell at a higher price then the price of bitcoin increases and if they sell at a lower price then the price of bitcoin decreases. I think this is the main reason.
-
Not just governments no one can control the Bitcoin or any other coin becasue this is the most secure and best way to send and receive the payments from one place to another. Crypto is the future of our world and soon it is going to be legal.
-
The government has no control over Bitcoin. The government cannot collect any tax from Bitcoin.
Absolutely, they cannot except those countries who legally on progress to adopt bitcoin.
Not just governments no one can control the Bitcoin or any other coin becasue this is the most secure and best way to send and receive the payments from one place to another.
I doubt it no one can control bitcoin. What about whales or the people behind who can manipulate btc price? Are they not controlling bitcoin when to pump and dump?
-
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.
Exactly, bitcoin is decentralised, So I think governments cannot control bitcoin. I see at several countries the government have blocked bitcoin. But I also see several government also accept bitcoin. I think It just adaptation. Let's see.
-
Yes, because the government is not controlled, they will not accept it. But I believe in the future investors will help Bitcoin thrive and they will accept to develop their country.
-
Yes, because the government is not controlled, they will not accept it. But I believe in the future investors will help Bitcoin thrive and they will accept to develop their country.
Investors and government are clearly different, my friends.
Investors can be anyone and these investors are not adhered to by the existing rules because usually investors are always looking for profits without considering the existing losses.
The government has a very good stake in the smooth running of Bitcoin in the future, so the Government must also have rules that must be applied to investors and traders.
-
No one can control Bitcoin and the government will never be able to control Bitcoin. This is why we see that bitcoin is never legalized in those countries. The reason is that the financial situation could collapse at any moment. Bitcoin moves at its own pace and no one can control it.
-
Government can't be able to get hands-on the crypto/BTC because no one can be able to control the technology and the Digital assets like crypto which based on the numbers and hashing are so difficult to manage and control.
-
Government can't be able to get hands-on the crypto/BTC because no one can be able to control the technology and the Digital assets like crypto which based on the numbers and hashing are so difficult to manage and control.
It is true mate . No one can be able to control bitcoin and others crypto currency. Bitcoin has been controlled by demand and supply. Maybe at several countries have blocked bitcoin and crypto , because they worry about this technology.
-
The government will never be able to control Bitcoin. We know Satoshi Nakamoto, the inventor of Bitcoin. I believe he may not be able to control Bitcoin now. The way Bitcoin has grown in popularity around the world and has invested billions of dollars in it. I believe it is controlled from its own place.
-
Decentralized and centralized are different faces. There will have a problem once decentralized navigate to centralized or centralized to decentralized. There is a friction in between. Government cannot control bitcoin because bitcoin doesn't want them to regulate the system.
-
Decentralized and centralized are different faces. There will have a problem once decentralized navigate to centralized or centralized to decentralized. There is a friction in between. Government cannot control bitcoin because bitcoin doesn't want them to regulate the system.
I agree your opinion about Government cannot control bitcoin because bitcoin doesn't want them to regulate the system. No one cannot control bitcoin, because this technology only can be controlled by demand and supply. I think It is the reason why at several countries have blocked bitcoin.
-
Right, no one has any control over bitcoin because bitcoin is controlled by itself and it is decentralized. Bitcoin is not controlled by any government. That is why the governments of some countries do not want to legalize Bitcoin so easily. But it is hoped that Bitcoin will soon gain worldwide legitimacy.
-
It is clear that the state government is ready to put up with cryptocurrency if it will be possible to identify transactions, because in fact, crypt is better than banks and fiat! We are moving towards this goal, it's like anonymity on the Internet when create it ...
-
You are right, the government cannot control Bitcoin. So the government does not want to legalize. It was illegal in many countries but has now been legalized. Yet it has been made illegal in some countries. I hope the whole world will one day legalize Bitcoin.
-
Yes I agree with you that every governments are not control Bitcoin because it is very tap to control Bitcoin for every countries. We also know that every countries government economy rate is is not equal to high economy rate countries. So it is very challenging tu lowest economy rate countries to control Bitcoin. There have a pressure. So it is not possible to every countries control Bitcoin.
-
Your right bitcoin can not be controlled by anyone not even the government, because it is a decentralized currency, i believe that's the main reason why the government hates it and doesn't want their citizens to make use of it within the country that's why bitcoin is not legalized and its even prohibited in most countries, but whether the government likes it or not we will still keep using bitcoin :P.
-
I totally agree that the Government will not be able to control the rate of Bitcoin.
Even the Whale cannot control Bitcoin because Bitcoin is Decentralized, except maybe the Whale has around 15,000,000 Bitcoin. LOL
I think the Government is only adhered to by regulations regarding Bitcoin and cannot prohibit the circulation of Bitcoin in the country.
-
That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time
-
This time not any government will control the Bitcoin or also other crypto currency becasue it is untraceable and no one can find the history of any withdraw and depositor account or name details.
-
That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time
I agree mate, the reason why bitcoin cannot be controlled by every one, especially the government. Because decentralized system. No one can control bitcoin. In my opinion demand and supply will control the bitcoin price at market.
-
Bitcoin cannot be controlled by governments, we agree on that, but... They can ban it (and cryptocurrencies in general), put restrictions, and what is worse, know who uses it. And for me the latter is the worst, we use our smartphones to send or receive, our computers with our IP, our credit cards and bank accounts to buy, and we always leave a trace even if we don't want to. They can't control Bitcoin, but unfortunately they can control who uses it.
-
That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time
I agree mate, the reason why bitcoin cannot be controlled by every one, especially the government. Because decentralized system. No one can control bitcoin. In my opinion demand and supply will control the bitcoin price at market.
Of course, I agree with your opinion. Bitcoin cannot be controlled by government because decentralised system. So bitcoin is independent and dependent on demand and supply. Bitcoin is the future technology, government just can ban bitcoin
-
Not only government, No one cannot control bitcoin price. Bitcoin price is depending on demand and supply. We all know bitcoin has high demand, I think It is the reason why bitcoin has high price.
-
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.
As we all know Bitcoin is free from the clutches of the government. No government can controll bitcoin. Bitcoin will race and always be the King of crypto currency till the digital era coming. I hope It will be soon.
-
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 agree and you have a good point mate. It is really the centralized exchanges that the government is after of regulations. Look at what had happened to some of the privacy coins like Dash, XMR, ZEC and others, they got delisted from big exchanges because governments don't like them.
-
They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.
In fact, the government has considered Bitcoin transactions to be completely illegal and illegal, as various anti-social activities can be carried out through Bitcoin transactions, so the government has disagreed with the legitimacy of Bitcoin. If it is valid in many countries of the world. Maybe it will give legitimacy to our country.
-
Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. If you want gold, silver, beans, or smokes you need to exchange your fiat currency with a person or entity that possesses the item that you want.
Source link (https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp)
-
No country's government can control Bitcoin. Bitcoin rises in price at its own pace. Bitcoin has a large number of users worldwide. So no country can impose a ban on Bitcoin. Bitcoin will be approved in every country.
-
Congratulations to the investors you may have planned to sell off early but thanks to perseverance you are increasing the value of your assets. and bitcoin is the safest betting formula available today with very little risk
-
No country's government can control Bitcoin. Bitcoin rises in price at its own pace. Bitcoin has a large number of users worldwide. So no country can impose a ban on Bitcoin. Bitcoin will be approved in every country.
Yes, I agree and I also predicted bitcoin will be accepted in every countries. I think It will happen at the coming future. Bitcoin is very potential and I believe no government can controll bitcoin. Never..
-
You are right that the government of any country cannot control Bitcoin because Bitcoin is self-regulated. No one has control over Bitcoin. The government does not want to easily legalize Bitcoin as it has no control over it.
-
Yes, I agree with your statement. With a decentralized system, which government can control and intervene with all its regulations. Even if there are some regulations related to the exchange, it doesn't matter because they are related to fiscal regulations in each country which may vary
-
Bitcoin is self-regulating. No one is in control of Bitcoin. And no government has any control over Bitcoin. So the governments of some countries do not want to legalize Bitcoin. Again, many developed countries have legalized Bitcoin. Hopefully soon Bitcoin will become legal worldwide.
-
If the government controls Bitcoin, then they need a lot of money to buy it in the crypto market, developing countries might do this, but it costs a lot to buy BTC out of the total coin circulation.
From the government can control the price of bitcoin, but what's in it for the government? I don't think there is any. They'd better focus on making rules about Bitcoin so that it can be used as a legal means of payment.
-
The Indian government has recently approved Bitcoin. The news has spread all over the world. So Bitcoin cannot be replaced or suppressed by the government of any country, every country will approve it in the future. Bitcoin must reach a stable level.
-
Bitcoin is a type of cryptocurrency. Cryptocurrency is self-regulating. Bitcoin is also self-regulating. No one has control of Bitcoin and no government has control of Bitcoin. So the government does not want to legalize Bitcoin. Anyway, hopefully cryptocurrency will be legalized all over the world very soon.
-
Yes you are right. The government has no control over Bitcoin Bitcoin is self-regulated. The government cannot control it even if it wants to. So the government does not want to legalize Bitcoin. But many developed countries have already legalized bitcoin. Hopefully the whole world will approve Bitcoin one day.
-
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.
Yes, I think government cannot control bitcoin because bitcoin is decentralised system. Bitcoin has been controlled by demand and supply, Bit It is really difficult and need bug fund. So I don't believe Bitcoin will be controlled.
-
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.
Yes, I think government cannot control bitcoin because bitcoin is decentralised system. Bitcoin has been controlled by demand and supply, Bit It is really difficult and need bug fund. So I don't believe Bitcoin will be controlled.
No government wants to control Bitcoin, they know they can't, but they can control the people who use it. And they do, closing the loop, anonymous coins are currently under attack by the SEC.
-
No one can control Bitcoin, Bitcoin is self-regulated. No country's government can control Bitcoin. Because Bitcoin is self-regulated. The government does not want to legitimize it easily as it has no control over it. Whether the government of any country legalizes it or not, it is expected that the whole world will legalize it one day.
-
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.
In my opinion , I think bitcoin cannot be controlled. It will need big fund. I think It is the reason why at several countries, the governments have blocked bitcoin.They too worry because bitcoin has shown amazing progress.
-
Bitcoin is self-regulating. No one is in control of Bitcoin. And no government has any control over Bitcoin. So the governments of some countries do not want to legalize Bitcoin. Again, many developed countries have legalized Bitcoin. Hopefully soon Bitcoin will become legal worldwide.
I agree with your opinion. The independence of bitcoin makes many countries unable to control it. That is what is likely to trigger resistance in some countries. But now the existence of bitcoin is so fast. I am optimistic that more and more countries will legalize their presence ...
-
Governments can not control the Bitcoin this is true not just the Bitcoin they also can not control the other crypto currencies but when it is legal then they make a system to control it in future.
-
The government cannot control Bitcoin. No one has control over Bitcoin. Bitcoin is self-regulated. No government can control Bitcoin. That's why the government doesn't want to support Bitcoin. I think Bitcoin will one day support the whole world.
-
No one can control the Bitcoin and this is true and in the future Bitcoin make more high and this time also the Bitcoin make high at almost 41,000$ and soon it go high more becasue in this time bull BTC touch the 200,000$ in a short time.
-
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.
-
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.
-
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?
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
@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.
-
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.
-
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.