As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
Bitcoin is a currency that is causing a lot of fluctuations in the market, which is a lot of countries think that with the influence of Bitcoin there may be signs of recession in the market in their country should contain Bitcoin in The market is impossible, and they want to eliminate the virtual currency. 
Topic: Can government destroy Bitcoin? - page 22. (Read 1736 times)
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
The government of any state can take an official decision to ban the passage of bitcoin on its territory. However, it can not destroy bitcoin. It will not even be able to fully control the fulfillment of its decision to prohibit the passage of bitcoins. People vseravno will use it, using the Internet, which is forbidden even more difficult. The government can significantly complicate the use of bitcoin if it simultaneously prohibits the work of crypto-exchange exchanges, exchangers and Internet sites on its territory where the problems of crypto currency are discussed. However, bitcoin is an electronic monetary system of a peer-to-peer network, which does not require the participation of third parties and any transactions can be committed by citizens directly. Therefore, bitcoin is almost impossible to destroy.
Fortunately, very few countries have taken steps to ban cryptocurrencies to date. But the threat is legitimate. Governments might not be able to prevent all cryptocurrency transactions, but they can significantly discourage their use. With this in mind, we should continue to push for choice in currency. We should continue to explain the benefits of financial privacy and stateless monies. However, we should also support sensible regulation that would preserve most of the benefits from cryptocurrencies while eliminating the major justifications for outright bans. It is a second-best solution. In a world with powerful governments, it might be the best one can hope for.
indeed the government is trying to do and ban bitcoin but I am sure the government will never be able to.
knowing bitcoin has a very smart idea and no government can stop its popularity. And I'm sure bitcoin will continue to grow despite a lot of negative news about bitcoin and become a negative talk of some governments.
knowing bitcoin has a very smart idea and no government can stop its popularity. And I'm sure bitcoin will continue to grow despite a lot of negative news about bitcoin and become a negative talk of some governments.
I think the government can kill bitokoyn in a separate country, a separate government can greatly affect the course, but not to kill.
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
Destroy in terms of getting inside the country? They can stop it once in awhile by implementing ban and other rules engaging the prohibition of bitcoin.
I think the government can not destroy the bitcoin because many bitcoins and bitcoins are a lot of people who know bitcoin so I think no one can get rid of bitcoin because legit bitcoin in other countries and many people support it
They only banned it and are impossible to intend to completely destroy it, anyway it would never happen if bitcoin can be destroyed until it's completely gone, that's a ridiculous thing which never happened.
No wonder why it can not be destroyed, well it really does have unique characteristics and is one of the new sophisticated technology that's created till developing very well.
No wonder why it can not be destroyed, well it really does have unique characteristics and is one of the new sophisticated technology that's created till developing very well.
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
some governments are currently still banning the use of bitcoin, but when it comes to crushing or eliminating bitcoin, it's certainly not an easy thing to do, while there's still an internet network for me the government will not be able to eliminate or destroy bitcoin, that's my opinion.
I think in our country the government does not prohibit the development of bitcoin, because for bitcoin for the government we can reduce unemployment for its people, so bitcoin according to our government really produces more profitable and appropriate for the society. so our government will not destroy the existence of krypto money.
Government can not destroy Bitcoin. Bitcoin is a wordwide spread asset and no body control it. Government may accept it or may not accept it.
Right now .seeing the the current market the answer is no...as Japan and South Korea are already in the game...and other country also want to be part of this distruptive technology....So government was able to stop when it's week like 8, years ago....but right now it's known to everyone...and seems quite dificult to stopped it..
Bitcoin is decentralized, and no government can destroy Bitcoin. The reason why Bitcoin was destroyed can only be from the inside, self-destructive. But Bitcoin is now very safe to be destroyed.
Some countries are boycotting bitcoins for the time being. I don't think they want to destroy bitcoins. Their boycott is just to suppress the development of bitcoin, because they worry that bitcoin will replace the functions of many industries, which will reduce their control of these industries. Like banking, there are many functions that can be replaced by encrypted currencies.
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
yes government can destroy a bitcoin because they have a rights to banned a bitcoin and other countries they banned a bitcoin and the governments also banned the bitcoin in other countries bitcoin they did not want to replace thier real currency
Government are trying to destroy bitcoin but they will not succeed because bitcoin is an independent entity. Lot of people are engage with it so its strong and stable and cannot be easily destroyed by anybody who wants to. I think government should support with bitcoin through taxing it to generate revenue for the development of a certain country and to the people as well. Government should see the good effect that bitcoin brought to the people who are engage with it because the lives of the many becomes better.
definitely not. because bitcoin is stronger as of now and will still stronger for the our support so thats why bitcoin is undestroyable.
No government could not stop an individual to invest in bitcoin. THe system is composed of worldwide investors and even if one county could be able to put a stop in investing or joining bitcoin but still bitcoin will operate. Somehow government are only doing an advise about bitcoin risk however most of the individuals who are investing bitcoin are having good time with bitcoin. So they could no be able to put a stop of an individual to invest in bitcoin. The same thing if a country will ban cryptocurrency in their area but people who are used in doing crypto will still be able to invest and do bitcoin or cryptocurrency because they could not be able to trace those people that will do bitcoin investment. If the government can trace will there are many of them to trace so you can still make bitcoin investment and had a little chance to get caught by the government authority.
Maybe it can happen but will not succeed in eradicating it cleanly, since bitcoin is very beneficial to its users and very profitable ... so anyway people will try to stick with bitcoin or in cripto .. I think the government should not oppose bitcoin or forbid it because bitcoin not criminal or fraud, and the government should be grateful to the bitcoin that has helped its people become better and more prosperous..
I dont think so.Bitcoin cant be destroy easily by the government because they dont own it and wheather they like it or not many people will still invest and work for bitcoin because it helps them alot rather than the government.
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