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Bitcoin as a digital currency didn't just magically came into the world and started existing, being accepted as a means of payment for transactions. There is definitely a brain behind it and it's what's still keeping it going, even though the coin is known to a decentralized currency without any affiliation to the central bank. 

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5 hours ago, legendsneverdie said:

Yeah, especially with its current value and how it's been accepted to be converted into several world currencies, bitcoins are regulated not only by certain companies but also by government laws.

I think most government laws are trying to kick bitcoin and other cryptocurrency out of business because of the competition it brings to their country's fiat currency and not being under the influence and control of Central Bank being a decentralized digital currency. 

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19 hours ago, Martinsx said:

I think most government laws are trying to kick bitcoin and other cryptocurrency out of business because of the competition it brings to their country's fiat currency and not being under the influence and control of Central Bank being a decentralized digital currency. 

I guess cryptocurrencies can be seen as threat which could potentially affect the economic value of the currency they use, so I guess they really take time to sort out the issues in legislation before they allow the cryptocurrencies to be usable.

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22 hours ago, legendsneverdie said:

I guess cryptocurrencies can be seen as threat which could potentially affect the economic value of the currency they use, so I guess they really take time to sort out the issues in legislation before they allow the cryptocurrencies to be usable.

Yeah, looking at how digital currency works, there is no taxing it by the federal, state or local government unlike what happens to fiat currency. 

People shifting over to accepting and using cryptocurrency as a means of payment and other transactions, without having any affiliation to the government banks, this would cut off huge funding from the government. 

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When I ask who controls the BTC Network, people answer me that it's being controlled by a program called block chain.  Others would say that it's decentralized and that noones controlling it.  Basically the best answer came from a young miner I had the chance to talk to in a computer store, he told me that BTC and it's worldwide network is being controlled by the ones mining it.  All the servers and computers and devices that are mining it are being used by BTC hence as payment they get to mine it.

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