Post
Topic
Board Bitcoin Discussion
Re: Government trying to stop bitcoin, what I see
by
stayeduptolate
on 12/10/2018, 15:16:29 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.
Despite of having numerous of advantages the major disadvantage of bitcoin is that it is still decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all its activities and specifically the illegal one and thus use in selling drugs, explosives, money laundering and other illegal activities too and because of this thing most of the countries are in against of bitcoin as they does not want to bring any kind of illegal activities including terrorism in their nation but once they understand the potential of bitcoin, they will surely legalise it as this is the only way to stop illegal activities with bitcoin.