Quote from: South Park on April 14, 2020, 05:11:36 PM

Quote from: perfect999 on April 13, 2020, 05:07:40 PM

There are no lies in what they have said, no one can control Bitcoin. Imagine that bitcoin is not a decentralized currency, but rather a centralized currency, the government would have been able to control it and do whatever they want to do it. They may even decide to end it at anytime they want, especially if it’s coming from one of these countries where it has been declared illegal.

But, luckily it is decentralized and no one can stop it or say what should happen, that way no one can end it. Even when some people say that Bitcoin will end, I usually wonder how possible that is.

This is why bitcoin is decentralized, there were attempts in the past from private parties to create their own form of money and all of those attempts were crushed, just look at Facebook and their attempts to create their own coin, governments are not going to allow competition in a field that gives them such a huge control over the economy, this is why I always get surprised by people that say that decentralization is not really a big deal when it is in fact the only reason why bitcoin and the market of cryptocurrencies still exists to this day.

Its a fact that no one can ban bitcoin. If anywhere the bitcoin is banned, people can still use it online and can buy things using bitcoins where it is legally accepted. Its good that Russia has openly accepted this fact that it is impossible to ban the crypto currencies.