Post
Topic
Board Bitcoin Discussion
Re: Government Controls Crypto?
by
sapnu
on 05/05/2021, 15:22:01 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?
Cryptocurrency is definitely decentralized, you can say that at some point it can shut down companies and networks but other mode of transactions would still be made available. Even though they will choose to make crypto illegal, they don't have the enough power to stop people from buying, selling, transacting and trading crypto. That's the least they can do, banning it or making it illegal but it will just soon show that crypto is way more powerful than them and at the same time, the cannot get it under their control no matter how hard they try.