Post
Topic
Board Legal
Re: Why hasn't any government stopped Bitcoin?
by
Kronos21
on 04/10/2017, 11:38:24 UTC
1.Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If there we to block all the websites that people can download Bitcoin wallets from, new ones will come up and some people will compile their own wallets from source code - Bitcoin is like Bittorrent is that respect. If they shut down theses internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions
2.secondly,if government try to ban , it will make it more popularize among those ones too who are not known of it,making individuals to explore it and finding new ways to grab something out of it
There is only one flaw in your arguments. This is something that we cannot buy goods with bitcoin. Each of us is forced periodically to exchange bitcoins for Fiat. The government has no problems to strengthen the control over the movement of Fiat and bitcoin will lose its relevance.