Post
Topic
Board Bitcoin Discussion
Re: Enforcing government regulations
by
asus09
on 02/12/2019, 15:31:05 UTC
The problem with that promise is that it is enormously expensive for consumers to run Bitcoin nodes.
i don't know what scale you use when you say "enormously expensive" but it sounds like you have never bothered trying to run a bitcoin node before you make this statement. of course you aren't downloading a tiny app like a music player that takes up 20 MB!! but the cost is by no means "enormous". not to mention that there are a lot of different options to reduce the resources it needs such as limiting upload rate, connection count, storage space,...

I was about to say that and looked for a similar comment.
I guess OP wanted to say mine Bitcoin not run a node, because running a node is pretty cheap. For most people a 1TB drive is very affordable and that + any computer, even an outdated one is enough to run a node. You can even buy an old laptop for $100 and run a node on it.

What governments can make expensive is mining as increasing the cost of power can make it impossible to mine in a given country. That does make BItcoin dependant on the government. You can't effectively ban it but you can ban mining and you can ban fiat trading.
Government will regulation using bitcoin as legal currency payment transaction if know by their many people, when bitcoin only know by several people in their country can using for fault mistake like crime cases, but when many people have know whit bitcoin and price of bitcoin they will allow using bitcoin as legal currency payment and increase their economic country become better.