Governments cannot control Bitcoin

[Esperanza12]

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!).

[Noverteno]

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.

[Gurujebs]

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

[lepbagong]

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.

[Rafiq]

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.

[JackConnor]

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.

[Thalassaya]

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.

[Keelin]

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

[Naimah]

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.

[Lillian]

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.

[Rubel007]

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         

[Cryptoz]

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.

[syedrasool2011]

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.

[Fenix]

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.

[Senin]

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.