Post
Topic
Board Bitcoin Discussion
Re: Government trying to stop bitcoin, what I see
by
noictib
on 07/10/2018, 13:26:16 UTC
Here is what I see each time the government tries to stop or control bitcoin-






Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.
I can't give any type of the statement regarding the point of view of the governments in Thier own country except in my country .
Because as here I am living and active in daily hearing results and descion of the supreme court where the matter of cryptocurrency is going on .
But here a big thing that we can see that , government didn't said that they will ban bitcoin or cryptocurrency , the main problem is of the Reserve Bank of India , who don't want any bank works with the any type of cryptocurrency exchange and that why they restricted the banks to not to work with cryptocurrency exchange .
As we can understand that the point of the cryptocurrency lover is also strong , and also of the RBI , that why this case is going to expand day by day .
And I don't think any big restrictions will be apply over the cryptocurrency use , Because as a example we can see in China , where people can use cryptocurrency p2p instead to go with the any exchange that can give direct service of buy and sell with banks .
So I don't think that government will get any type of the success to make cryptocurrency ban in perfect way , they only can make rules and regulations and impose restrictions .