Topic: Can government destroy Bitcoin? - page 3. (Read 1736 times)
Bitcoin has been on the periphery of the financial markets for almost a decade, but is gradually becoming popular as an alternative asset class. so I think that no one can kill bitcoin because it starts at the moment to go to the top. and destroy bitcoin for all wakes not possible!
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
If the people will be well educated about bitcoin and they will know about all the features of bitcoin then no one can harm their bitcoin as with the knowledge of bitcoin anyone can know that bitcoin is a decentralized currency and it is also anonymous currency so no one can control it and no one know that who is using it. It is also the right of people that government allow those things which are for the benefit of their people so people have to know about their this right and have to call for their right to not disallow bitcoin.
Perhaps if only a few governments of one of the countries it would be difficult to destroy bitcoin. Because the range of bitcoin that has been increasingly widespread and increasingly known by many people. But I do not know if the governments of some compact countries are willing to destroy bitcoin. Maybe it can be in my opinion because surely there will be many people who invest in bitcoin and lower the price in the market.
Governments will not seek to destroy it, rather they will find a way to control it. At the end of the day Governments and Corporations will have the lion's share of it. Once crypto is widely accepted, it is money and those two entities will do everything to grab hold of power.
Make no mistake, it's a power game in the long term.
Make no mistake, it's a power game in the long term.
No, governments may attempt to regulate digital currencies, but this will not lead to the desired result. Bitcoin was created with the purpose to block such actions.
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
I do not think governments can destroy Bitcoin. As the use of bitcoin increases, it will become more difficult.
They are doing FUD with such news.
As far as I know, the government can not destroy Bitcoin. The government may ban people from using and trading Bitcoin. But the government can not ban all people from using and trading Bitcoin, there will be a lot of black market and the government can not intervene.
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
No, only a few governments have decided to regulate and ban bitcoin. But I think-this decision will not be permanent. Soon it will be canceled, as will understand what bitcoin gives and what prospects and opportunities. 
they for sure if unite globally and set some limits to it can destroy it but it would be against their interest as they would damage themselves I mean the politicians as btc can reduce the offshore banking.
Government cant destroy bitcoin but they can banned and prohibit bitcoins in one country and stop people using it.but some country lready accet bitcoin so maybe instead of destroying bitcoin they will accept the bitcooin in the near future.
Lately there is a lot of talk about bitcoin even the media is also peeling about bitcoin and the government also gives direction not to invest in bitcoin but what happened bitcoin so many people who invest even schoolgirl also do that .. government can not stop bitcoin because bitcoin can not be owned by a single power so what the government expects is useless
If the government decides to make trade or storage of bitcoins illegal, questions will be raised about exactly how such a ban will be provided. The government can not capture your bitcoins unless you decide to transfer your personal keys. However, this can significantly reduce interest, which will in general affect its existence in the market.
Although it is kind of hard to do that but I think that they can destroy bitcoin as a matter of fact if all countries ban bitcoin the demand on it will decrease exponentially as it will be either useless or so hard to trade with and thus it's value will decrease a lot untill it's gone.
The government have no rights or authority to destroy bitcoin , because of the fact that bitcoin is decentralized and circulating only in the internet, the government can not do something that make bitcoin stop its circulations because it like a programme in the digital world which are use by the people and doing right things which does not bother the peoples lives.
Government can use regulations and sanctions to prevent citizen to use bitcoins but is not possible for government to destroy bitcoins. While some government are hostile to bitcoins others welcome the use of crytpcurrency. So to say government can destroy bitcoin won't work in the whole world but can work in the jurisdiction of the government.
In my own personal opinion, it is possible that the government will destroy bitcoin because they have the power to do it if all the our country start to banned bitcoin. But it can't happen because there are many countries that was legalize by the government, so it can't be destroy by the government.
they can't do it . bitcoin is decentralized . it is widely distributed in all corners of the globe . it will become a universal currency for the world , not far in the future .
I think it's not that easy the government will confiscate bitcoin, because bitcoin is also very popular all over the world, and also greatly helps the needs of our society, I think the government will not be able to get rid of bitcoin.
The popularity are not an excuse for to destroy something if the government wanted this to be done they make a way to be done this for but they dont do that to destroy this currency cause as what we may ever have to use it for government see this things too.
I think it's not that easy the government will confiscate bitcoin, because bitcoin is also very popular all over the world, and also greatly helps the needs of our society, I think the government will not be able to get rid of bitcoin.
Bitcoin may disappear for two reasons. 1 Mining bitcoin will be too expensive and it will be necessary to expend so many capacities that it will be absolutely uneconomic economically. 2. Governments of countries at the legislative level will prohibit bitcoin and other coins. In this case, bitcoin will go to the black Internet and will be used only for illegal operations
Jump to: