Post
Topic
Board Bitcoin Discussion
Re: Government Controls Crypto?
by
SquallLeonhart
on 03/05/2021, 15:13:43 UTC
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 or networks 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? Maybe not directly but indirectly controlled?
The government does not control cryptocurrency, they are only able to shut down those exchanges that your are talking about because those ones are centralized.

If you’re looking for an example of centralized exchange, then an example of that is Coinbase and Luno, they are both centralized and the government can stop them at anytime, but stopping them doesn’t mean that the government have stopped bitcoin, you can still make use of bitcoin even if these exchanges are not working or doesn’t exist, and you can do that through decentralized wallets. Wallets like Trust wallet, and Exodus are a good example.