Myth; Bitcoin Can And Will Be Shut Down By Government

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Avatar for King_Gozie
2 years ago

This has been completely over emphasized over some couple of months now when we see some unusual changes and it’s either a country accepts it or let go and while some still don’t have a deciding factor yet and it in a ‘maybe’ side of things. They can try to shut it down, well good luck but it’s going to be tough to as many who tries and still trying. You hear a lot of speculations saying bitcoin’s going to be banned and a lot of countries probably working together to make that happen but here’s why it’s going to be tough..

Definitely it’s going to be an effort, but its basically you shutting down the the internet and shutting down what has developed far more than human access and I don’t see why and how a country would continue on that trail or path or stopping everyone who has a portfolio into the system from continuity..

It will always bounce back and cause a lot of problems on the government themselves and the citizens. My country as an example, this was a huge struggle few months back in 2021 and we actually didn’t see the signs but the drift.. there was a limit to every user and a threat from dealing with the new king system, but after few delegations it went back to how it was although everyone is still at the mercy of the government body. There was a new condition of certain usage conditions and it was a big huddle form the bizarre public zone..

Now taking about these different aspects of being able to ban bitcoin and cryptocurrency, you could do it and like the whole the process of shutting down is so impossible and even dumb. A restriction can be placed on the processes of an interchange or cross sale or every other transaction base usage, rather than moving ahead of the dangers which is putting a stop to it.. Truly it’s not just Nigeria, not just America, not just China, not just India but every where that has the node location, it’s just every where and so hard to pull off..

The exchange stopped in some countries and every time that happens it causes a void or vacuum, you really can’t stop people of this age and time we would always find several ways to get into the game just like everyone’s been trying to survive.. there are ways around these things, just recently we where forced out of using the popular social media platform ‘twitter’ and the next best alternative was using a VPN and we still had a good chance to stay connected even much more than before. I know it’s very easy to just screw everything up by putting 70-90% tax on the profits and aggressively pursue tax evaders and more like the contraband’s, but I know one thing about banning and when it’s been enforced people will want it more and prices will shoot up..

If I came after you and your family and you give out roughly 50 percent of what you earned so far and it goes directly to the government to do whatever they want with it, maybe we should prepare ourselves and this could be the beginning of an ending. But reiterating back to the importance of this same digital coin to the economy, it’s vast but when government cease the opportunity to control everything and anything the country owns then the public leave in hiding or be forced in fear to give up years of hard work.

Why Is Crypto Regulations Doomed To Fail?”

Government could ban the use of bitcoin even if they can’t take over the system at the technological level, people could keep using bitcoin in that scenario, of course. But it will be like dealing drugs and most people don’t want to deal drugs even if it’s profitable because the dare consequences of being caught outweigh the profit for most of it.

That said, I’m a crypto enthusiast and I believe in it’s medium term growth and potentially a long term success if it’s not banned or constrained by regulations. I prefer to burst the speculations and keep holding the little I can make out of it, things can’t go all out over night it’s still going to take a gradual process. Fingers crossed, I’m believing the new year will change perspective and turn the negative patterns into a solid positive view that all countries of the world see this light..

Adaptation of the cryptocurrency as the main chain of doing a lot within and outside the country become a thing of joy. This is starting to look brighter and I’ve conquered the thoughts you had for some time now, and even though it looks worse now nothing can be altered within the space of the crypto world..

Moving on into the new year, what to expect and what not…

If I was asked these questions, I will seek for a proper understanding of what the benefits are and then what has been achieved over the years.. Loosing this opportunity just to have full access to the country’s attention will it solve anything or will it create a void?” But then I wouldn’t have a say but be very optimistic and ready to take on any change..

I believe I have navigated through the counter purpose of this write up and able to bring a false to that lead write up that says Government can shut down everything.. No they can’t and it’s never possible to do that..

This is my third and final entry to @SofiaCBCH myth-bursting contest and it’s been a wonderful time making these articles up.. Special thanks to organizers and to the Elves as well..

Lead [Image source]

Slp Address: simpleledger:qz64pf0r8knl68zcdkyjkeztp56c572dnyt56ynts3

SmartBch address:

0x3c13dC5662d437de2a4102dA3B00A8f57d5e1E20

December 2021

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+ 15
Avatar for King_Gozie
2 years ago

Comments

20 Myth hunter 2021 tokens

$ 0.15
2 years ago

Thank you so much…. This means a lot to me..

$ 0.00
2 years ago

Well hope that it will not be shut down by the gov and will be replacing paper money

$ 0.00
2 years ago

I do hope it doesn’t lead to that, and the government don’t literally have the power to control the system..

$ 0.00
2 years ago

I wish better of luck in your contest

$ 0.00
2 years ago

Thank you so much…

$ 0.00
2 years ago

It my pleasure

$ 0.00
2 years ago

Good luck in the contest friend. In the end you ended up doing 3. We agreed I think only on this issue. Good luck! :)

$ 0.00
2 years ago

That’s right and thank you for the wish my friend… good luck to us all

$ 0.00
2 years ago

Very good article, there are so many nodes distributed even under the rocks that it will be impossible to finish with all of them. Success in the challenge.

$ 0.00
2 years ago

Thank you Frank… it will be hard to disintegrate, due to the established nodes and the force it has now..

$ 0.00
2 years ago

That's just the truth, it's impossible for government to ban Bitcoin unless they want to shutdown the entire internet. Bitcoin Blockchain isn't something that is centralized, you won't find its entire database on a single computer, but it's spread all over the world and different computers holds it's database, so that's why I said they will have to shut down the internet before they can even shutdown Bitcoin. Apt article King_Gozie 👏

$ 0.05
2 years ago

Well written brother… it’s just too impossible to be stopped.. thank you

$ 0.00
2 years ago

Informative prompt, goodluck with your entry.

$ 0.00
2 years ago

Thank you… and happy weekend

$ 0.00
2 years ago

About 5-6 years ago, Twitter was banned in my country for a short time. The strange thing is that those who defended the ban would go on twitter and tweet every day. Tragy was a funny case. All those trying to ban crypto today are crypto users themselves, so I don't find their actions sincere or realistic. Also, even if they do this kind of work, it is more beneficial for crypto every time, I don't think any government can do a complete ban after a step. They only serve to disgrace themselves to the world, and if they take that final step, crypto will only get bigger. In response to impact.

$ 0.03
2 years ago

This is the funniest of all the myths I've ever read about bitcoin. Who on earth started this lie... I hope it doesn't turn out true at last. Welcome bro.

$ 0.00
2 years ago

Hahaha like seriously I would have researched who did.. it’s so crazy, it will never be true, the whole crypto chain is built strongly and nothing can pull that down..

$ 0.00
2 years ago

Even the government has a limited power over some things. Government will never be able to ban crypto

$ 0.00
2 years ago

It caused a big issue here in Nigeria and they came up with a substitute which failed even during launch.. I feel since it’s never controlled by any particular person, it’s so impossible..

$ 0.00
2 years ago

Bitcoin really change about peoples life. So that, when hear about shutdown, I don't agree with that. Keep on believing that bitcoin will be for ever 🤗

$ 0.00
2 years ago

It will be forever and and I strongly believe that… thank you dear

$ 0.00
2 years ago

Yes I agree dear 🤗

$ 0.00
2 years ago

Bitcoin is just too massive to be stopped by anyone or any government. They should just accept that fact.

$ 0.05
2 years ago

Exactly… it’s so crazy to even start with and it’s a compounding issue even if they tried… the digital system is here to stay..

$ 0.00
2 years ago

I saw a meme that says something similar with this article, about how the government wants to shut down crypto because they know nothing about it and i think i agree with them. I just wish they knew how much benefit it is to their masses.

$ 0.05
2 years ago

They really don’t know what they are into… and even if they persist on ban it is never possible… thank you for stopping by dear

$ 0.00
2 years ago

In my opinion, cryptocurrency is legal in every country of the world. I also read this kind of news a few days ago which you said. People will be able to work with cryptocurrency anyway. I really hope no more countries will banned crypto.

$ 0.00
2 years ago

There will still be a way out although based on the look out.. it’s quite bad here as people don’t freely make us of it and even transact.. I do hope it will be weighed in good terms

$ 0.00
2 years ago

Of course government can't shut down the wide crypto verse

$ 0.00
2 years ago

It’s impossible to, there are several things that can’t just be altered in life 😅😅

$ 0.00
2 years ago

Wah. You made 3 today. I finished none 😭

$ 0.10
2 years ago

I’m so sorry 😞.. I think there’s still time to and one of yours is like 300 articles together… love you dear and really it’s not about numbers.

$ 0.00
2 years ago

I have read some news about banning the crypto's and even some country have done banning it, but i think people will still do find a way to keep using and investing crypto, and just like what you said they can use vpn to do that. But hopefully no more countries will banned crypto.

$ 0.10
2 years ago

I do hope so too, cause mine is still a drag and we literally have to stay hidden sometimes… I wish these people see things differently, it’s so painful to miss out on anything right now.. have a nice evening Grey

$ 0.00
2 years ago

I wish it survives the test of time

$ 0.10
2 years ago

I really hope so too and I will be happy if it stays that same way… How are you dear and how is everyone doing?”

$ 0.00
2 years ago

I don’t know whether it’s going to happen or not, I wish crypto may have authorizations all over the world.

$ 0.05
2 years ago

I hope so too.. would be better to change the way things are being run.. you have a good suggestion, everything is all possible with time

$ 0.00
2 years ago