Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?
No government can stop me from buying, selling, sending or receiving crypto. The worst they can do is to make it illegal.
I guess so, just like nobody can stop you from creating a business selling cocaine, can that be called decentralized? 👀😀
Even if governments make Bitcoin and other cryptocurrencies illegal, they will still not be able to control them. The price will again be determined by the supply and demand of Bitcoin, not by the any government.
They can control access to Bitcoin (by banning it, imposing sanctions on stock exchanges, etc.) but they cannot control Bitcoin itself.