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Author Topic: Governments cannot control Bitcoin  (Read 32248 times)

Offline TERMINO

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Re: Governments cannot control Bitcoin
« Reply #120 on: September 29, 2020, 02:30:18 PM »
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.
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Re: Governments cannot control Bitcoin
« Reply #120 on: September 29, 2020, 02:30:18 PM »

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Offline sampoerna

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Re: Governments cannot control Bitcoin
« Reply #121 on: September 30, 2020, 10:53:34 PM »
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.

Offline gunhell16

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Re: Governments cannot control Bitcoin
« Reply #122 on: October 01, 2020, 05:41:13 AM »
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.
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Offline Riya143

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Re: Governments cannot control Bitcoin
« Reply #123 on: October 01, 2020, 01:04:43 PM »
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.
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Offline Tnoy30

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Re: Governments cannot control Bitcoin
« Reply #124 on: October 01, 2020, 01:25:36 PM »
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.

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Re: Governments cannot control Bitcoin
« Reply #125 on: October 01, 2020, 01:58:49 PM »
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.

Offline Vladok

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Re: Governments cannot control Bitcoin
« Reply #126 on: October 07, 2020, 01:47:08 PM »
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.

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Re: Governments cannot control Bitcoin
« Reply #126 on: October 07, 2020, 01:47:08 PM »


Offline Fawpac2

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Re: Governments cannot control Bitcoin
« Reply #127 on: October 07, 2020, 06:08:32 PM »
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.
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Offline ranaprime

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Re: Governments cannot control Bitcoin
« Reply #128 on: October 07, 2020, 06:15:49 PM »
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. 
 

Offline Michael.sol

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Re: Governments cannot control Bitcoin
« Reply #129 on: October 08, 2020, 04:08:08 PM »
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 ).

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Re: Governments cannot control Bitcoin
« Reply #130 on: October 09, 2020, 06:22:33 AM »
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.

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Re: Governments cannot control Bitcoin
« Reply #131 on: October 10, 2020, 02:34:37 AM »
If central bank control bitcoin then it highly possible to control bitcoin for governments and government agencies. Otherwise not possible.
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Re: Governments cannot control Bitcoin
« Reply #132 on: October 10, 2020, 07:36:44 AM »
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.

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Re: Governments cannot control Bitcoin
« Reply #133 on: November 06, 2020, 08:54:58 PM »
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.

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Re: Governments cannot control Bitcoin
« Reply #134 on: November 06, 2020, 09:37:59 PM »
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.

 

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