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Author Topic: Governments cannot control Bitcoin  (Read 32474 times)

Offline Bobcrypto

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Re: Governments cannot control Bitcoin
« Reply #75 on: August 06, 2020, 04:23:49 AM »
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.

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Re: Governments cannot control Bitcoin
« Reply #75 on: August 06, 2020, 04:23:49 AM »

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Offline ashraf786100

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Re: Governments cannot control Bitcoin
« Reply #76 on: August 06, 2020, 05:43:04 AM »
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.
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Offline Calantha

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Re: Governments cannot control Bitcoin
« Reply #77 on: August 06, 2020, 12:34:22 PM »
The economy is changing rapidly, and businesses must adapt to new situations. The traditional financial system is struggling through an unbelievable recession

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Re: Governments cannot control Bitcoin
« Reply #78 on: August 06, 2020, 01:03:40 PM »
It is a global  currency and there is no authority. In this point of view I can say govt. never control it.
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Re: Governments cannot control Bitcoin
« Reply #79 on: August 06, 2020, 01:06:00 PM »
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.

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Re: Governments cannot control Bitcoin
« Reply #80 on: August 06, 2020, 01:40:59 PM »
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.
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Re: Governments cannot control Bitcoin
« Reply #81 on: August 06, 2020, 01:49:51 PM »
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.
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Re: Governments cannot control Bitcoin
« Reply #81 on: August 06, 2020, 01:49:51 PM »


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Re: Governments cannot control Bitcoin
« Reply #82 on: August 06, 2020, 05:35:31 PM »
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.

Offline syedrasool2011

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Re: Governments cannot control Bitcoin
« Reply #83 on: August 06, 2020, 05:37:14 PM »
No one can stop bitcoin and bitcoin is future money paper money finish in 2025
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Offline vegasus

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Re: Governments cannot control Bitcoin
« Reply #84 on: August 06, 2020, 11:52:13 PM »
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.

Offline Naimah

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Re: Governments cannot control Bitcoin
« Reply #85 on: August 07, 2020, 06:43:21 AM »
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

Offline Augusta

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Re: Governments cannot control Bitcoin
« Reply #86 on: August 07, 2020, 06:51:41 AM »
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

Offline Altcoin1998$

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Re: Governments cannot control Bitcoin
« Reply #87 on: August 07, 2020, 01:51:06 PM »
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.
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Offline NihonShoki

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Re: Governments cannot control Bitcoin
« Reply #88 on: August 07, 2020, 02:16:50 PM »
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.

Offline Thalassaya

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Re: Governments cannot control Bitcoin
« Reply #89 on: August 07, 2020, 02:18:29 PM »
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".

 

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