Governments cannot control Bitcoin

[Prime]

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.

[I-Bit]

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.

[babu10]

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.

[LogiC]

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.

[Leonardo]

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.

[trauchot]

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.

[H2O]

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.

[Jaephoenix]

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

[KKH84]

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.

[juv3ntus1]

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.

[tinakoya]

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

[MrSpasybo]

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.

[masterrex]

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. 

[hair]

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?

[Hope4life]

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!