Governments cannot control Bitcoin

[Coin63@]

Centralized currencies easily controlled by bank and governments but decentralized currencies are not easily controlled.... Bitcoin is decentralized currency.

[Seerge]

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.

[Azaleea]

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.

[sandonbadi]

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

[sixexgames]

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).

[Zyarifa]

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

[Coin63@]

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.

[yitzjoe]

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

[chapcha]

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.

[Iconetlife]

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.

[dentolas]

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

[KryptoBull]

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.

[zendicator]

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.

[Jaguar]

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.

[Delgboke]

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.