Can government destroy Bitcoin? - page 14.

Ondre

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https://i.imgur.com/iwknjIj.png

Quote from: joesorrell on April 12, 2018, 08:38:44 AM

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

No, they cannot destroy Bitcoin cause it is already spread or penetrating the world. it's like virus without antidote. Cause not all countries will ban it. But willing to accept it. It is advance technology now so we are into digital world and digital money are important.

Zabrielle

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Yeah. That if bitcoin did something against the law. The Government can destroy anything that against the law.

yitepaja

newbie

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Government can't do that they don't have any control on it.So they can't

Goldenprog

newbie

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The bitcoin digital currency can be destroyed by government rules. This is due to the anonymous nature of an anonymous transaction. The risk of financial anonymity creates an environment in which regulation destroys bitcoin.A small but anonymous transaction with a virtual currency would be interesting, but on a large scale anonymous payments would make it very difficult to collect taxes and win criminal activity.
As for the government in time sooner or later will set the bitcoin and digital currency in general. In fact, digital currencies could be set to none.The government can allow the digital currency to exist peacefully, and not accept it as a means of payment, I think that's what needs to be done. However, my guess is sooner or later the government will arrange to not exist.The potential for government regulation is very real, in line with some countries that have restricted access to exchange of bitcoins and other digital currencies.Earlier, China banned the issuance of a new coin or an ICO initial coin. China has also tightened access to bitcoin exchange

19Nov16

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The government can do anything with bitcoin including making bitcoin destroy, the easiest thing to do is turn off the internet so everyone can not access the site and of course this will make bitcoin die.

buternasek

member

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many governments have banned bitcoin, seeing bitcoin as the biggest threat or deception.
but not all countries do that, there are still many countries that receive bitcoin well.

harbs23

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Quote from: joesorrell on April 12, 2018, 08:38:44 AM

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

As far as i now there a lot of country allowing bitcoin in their country ! It is possible to prohibit bitcoin in thier country but NOT destroy bitcoin anymore!

jhayryl

newbie

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actually we do not know what really works because we do not hold the dictation of anybody but hopefully they will not do it on bitcoin because many will be affected by everyone who hopes it but they might not immediately break it that should let's expect what they did not do to bitcoin

MNtrio

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Quote from: joesorrell on April 12, 2018, 08:38:44 AM

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

Honestly the Goverment is very powerful different country but its not a basis that it can destroy Bitcoin and crypto world.But I believe it can makes bitcoin low profile

sidebyside

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I think bitcoin will not be completely destroyed by the bitcoin ban from a certain country. Bitcoin has influenced the development of many economies of many countries and it is gradually being accepted by major nations. I do not think governments will give up bitcoin backwards they will try to use it for economic development of the country they

iMark

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Quote from: Howard1102 on May 04, 2018, 06:04:29 AM

I think the governments of many countries do not agree with the development of bitcoin currency in the country; there are many people involved in bitcoin in the country has not developed the economy so many governments very scared of a panic.

some governments disagreed because it could threaten the existence of their local currency and could add to financial crime so some country banned bitcoin to be used and it had a very bad impact on bitcoin, but I don't think that bitcoin can die because of the government? because you know that bitcoin can not be interfered by anyone

lotfiuser

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Palestine

they try and try and try but only bitcoin users who can destroy bitcoin which is impossible gov can ban it thats all what they can do

thankyoulord

jr. member

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Tackling Climate Change Using Blockchain

Just as no government can stop the use of the internet. Same way they can not stop or destroy. Bitcoin is all about the use of the internet. Thus, no government can stop bitcoin, they can try but won't be successful because bitcoin is decentralized...

aryaadikariyansyahsuwarto

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This Is Promissing Project

it could happen, because the government will do anything to block the outstanding bitcoin. and if it happens it is not impossible the bitcoin will be destroyed and disappear ..

TIDOVEE

sr. member

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Why should a government even plan to destroy it?
Under whose government will that be?
Well, even though Bitcoin is decentralized, yet it was initiated by some set of people, so it will take many governments coming together to destroy bitcoin. And this must be under a strong and genuinely agreeable reason. Ofcourse I don't believe there is something impossible except its directly by God

thankyoulord

jr. member

Activity: 475

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Tackling Climate Change Using Blockchain

Just as no government can stop the use of the internet same way they can not stop or destroy bitcoin because bitcoin is all about the use of internet. Thus, no government can't destroy bitcoin, they can try but won't be successful because bitcoin is decentralized

Dark_raven007

newbie

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In my opinion, it can not. Bitcoin has already infiltrated the system. It will be too painful. Moreover, they all have the same benefit from it through time (taxes)

lauranaura67

newbie

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They can't ban crypto completely. Even if all banks ban crypto related transactions, people will always find means to buy btc directly from other people. This will have massive negative impact on crypto and slow down its adoption. But no, they can't totally destroy it.

Sir Legend

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Quote from: Howard1102 on May 04, 2018, 06:04:29 AM

I think the governments of many countries do not agree with the development of bitcoin currency in the country; there are many people involved in bitcoin in the country has not developed the economy so many governments very scared of a panic.

Yes it seems so, most governments are busy with other problems so do not care about bitcoin, the easiest thing is banned bitcoin so there is no new problem if people use bitcoin.

vorobev

newbie

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Yes, they can affect the growth of bitcoins in many ways. Once they ban bitcoins, many investors will stop using bitcoins or investing in it.

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