Can government destroy Bitcoin? - page 12.

Shadovka

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

Governments definitely can destroy bitcoin. Either by regulating laws on banning bitcoin or make it very difficult to trade bitcoin, in a way the citizens might drop the trading of bitcoin due to all the hassle to involve in trading bitcoin.

Genamant

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

The government cannot destroy bitcoin. They can ban it or regulate it but they cannot abolish bitcoin. Too many regular people are living off bitcon that it will find a way to be used by people. Unless every nation gets rid of their internet then maybe bitcoin will be lost. And i don't think that will happen anytime.

dhka

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The Experience Layer of the Decentralized Internet

Quote from: TrufieldICO on May 04, 2018, 09:36:47 AM

For governments to destroy Bitcoin and other Cryptos, they would have to destroy the internet first. And I don't think anyone can

That comment of yours might sound absurd, but it is actually true.
That is the power of decentralization because it has not regulated by single system or groups. It is fully dependent of its users.
While there are any people who are still using it, bitcoin will still be there

asus09

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

any government can ban the development of bitcoin within its country's global economy. however, bitcoin can not be destroyed. we can know it from history. some countries have tried to destroy its development but bitcoin can last more than a decade and to this day will continue in every innovation and growth.

kalstarzz

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

I think it is very impossible if done by one or two countries only, because bitcoin will continue to run as long as there are countries that accept it. if all countries in the world forbade it there may be bitcoin will be destroyed.

Williams_Leo

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A country with a low economy will not be able to destroy Bitcoin, there are many countries nowadays involved in Bitcoin to get high profits, but there are also risks that Bitcoin will bring to the home. As well as many countries around the world are participating in and allow Bitcoin to grow.

Specnaz_Parusnoe

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

in my opinion, the government can't destroy bitcoin. because bitcoins are connected. and runs without being controlled by one person or institution, but the government can prevent bitcoin to be used, ie prohibit the use of bitcoin for its people. and for those who violate will be given the law. but I think that's impossible. because bitcoin is a transparent and traceable transactions future. this is the technology of the future. so many countries and governments are supporting Bitcoin technology.

JoshyKulotski

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Government can do anything literally everything even commanding war they can. Government was the one who making and signs the law, they assigns the tax on every companies and in every person, and they are the one who command everything.
Can government destroy Bitcoin? Definitely Yes, because of their genuine power in the country. Democracy? Yes, it can help but money and greediness among people will be on the first place.

Devawnm367

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They may ban it in places but, there are ways around that and lets say if the us banned it, that doesnt mean china, japan, korea any of these places do, it won't be illegal everywhere!!!

olyolali

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I think bitcoin will not be destroyed, will not be able to menyitapun because until now who the creator and how bitcoin made is still a mystery
and many bitcoin users will not agree with the government's decision

powermagic

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nothing is impossible, to do including destroying btc, but to do that takes a lot of consideration because not a few are legalizing btc in many countries, now back again to the government will take it or vice versa?

klebsiella

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I don't think a government can destroy bitcoin. But, I believe they have the capacity to ban the usage of it. Just like what the government of Bolivia, Ecuador and other countries that have already done so. Unfortunately, few countries have taken steps to ban cryptocurrencies and the threat is legitimate.

Elrozaq

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Quote from: joesorrell on April 12, 2018, 09:38:44 AM

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

No, I am not sure, The governments only can ban bitcoin. they cannot distroy bitcoin. the bitcoin is virtual money, it is a digital currency and the bitcoin is the future. I think No one can refuse the future.

ajoygb

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How can government destroy bitcoin if it is the bitcoin can help the government in the growing of its economy and to sustain the needs of the people.. Bitcoin will be more helpful in the transparency of government and to .take care of the assets of the govenmen

sr32703

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Eloncoin.org - Mars, here we come!

According to me Government can't destroy bitcoin just banned in the country's. But it will bad effect for bitcoin

Tusher1234

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I think government can't destroy bitcoin. But government can ban bitcoin. In some countries government ban bitcoin. But they can't destroy bitcoin...

Lounadolcy

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No, i think it's impossible.. governments might determine the medium of exchange by coordinating beliefs, employing transactions policy, and punishing users of alternatives. By declaring an item legal tender, for example, the government might create an especially salient focal point around which individuals can coordinate on a particular money. Legal tender status might be nothing more than a designation; it need not convey any special privileges under the law (though sometimes it does).

TrufieldICO

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For governments to destroy Bitcoin and other Cryptos, they would have to destroy the internet first. And I don't think anyone can

iqlimasyadiqa

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The government does have the power to do so, in conclusion then the government is an institution that will make regulations whether Bitcoin can be used or prohibit it. The government is very powerful and when the government supports it can be said that the price of Bitcoin will increase because of the increasing trust owned by the public. If the government does not support then one more step Bitcoin will lead to a destruction.

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