Can government destroy Bitcoin? - page 9.

7Dyoknga5

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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?

it will not be a destruction but it will render bitcoin useless when banned. Governments are capable of doing so with registered business on their countries and if that happen, only p2p transactions will be left. And that kind of transaction seldom happens

fbastage

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Of course! However bitcoin was independent, the government exerts a very strong influence (through the media, bans and laws on the use of crypto currency and other means), thus undermining the credibility of crypto-currencies!

marabanda

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Yes, recently this question is very often found on the territory of this forum.
The government will use its best efforts to prevent crypto-currencies from taking the leading positions in the market, especially when there is a real threat that crypto-currencies can replace the entire modern financial system. However, at the moment, the capitalization of the whole market is very low in currency, when compared with the dollar.

ariaalex

newbie

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government try to destroy it...cause they don't get taxes...but they failed..It seems like ridiculous..

MMA

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Quote from: Kisanaq on May 04, 2018, 11:49:07 PM

Government has unlimited power and if you want to make bitcoin destroy then it is easy, the government will recruit experts to make bitcoin destroy, but I hope this is never done all government.

I think some counties have already tried their best to stop their people from using bitcoin, but still i do not think that they have become succeeded, i think that they still cannot succeeded to stop their people form using bitcoin, in my country our government instructed people to stop using bitcoin and other altcoin but still people are using it without any difficulties.

ostrovagaly

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I don't see the government of any country destroying bitcoin they can only come up with policy and laws that would not be friendly with it, nevertheless bitcoin will still thrive though might not be openly traded.

maydna

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I am sure that the government can destroy bitcoin because they have an unlimited resource that capable to do that. but somehow, I think the government still learning about bitcoin and they wonder why bitcoin price is too volatile and they cannot control bitcoin. maybe they need time to know everything about bitcoin so they can make a regulation for bitcoin.

Agapelove

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The government cannot destroy bitcoin but in terms of what they can do, they can only regulate the use of it. The government only banned the illegal use of bitcoin in some countries, but they cannot ban bitcoin overall. With some laws that the government can make up, we are safe to say that they can only impose laws to certain degree that they cannot harm bitcoin but can keep bitcoin at their watch.

crypto.kaka

newbie

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Never the government will break and destroy the bitcoin

funyjackson

newbie

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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 .

ashlyvash00

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Will as long as people wont stop scam people then government can destroy. Because scamming make the name of bitcoin dirt. Thats 3 of 5 people believe that bitcoin is scam because of the bad news.

Beldon

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

As recently government is banning bitcoin in some countries. Do you think can government destroy bitcoin?

I think the Government will not be able to destroy Bitcoin. Bitcoin will survive and live forever. Although there are some countries that ban it Bitcoin can definitely maintain its existence and will not disappoint its users. I'm sure Bitcoin is able to get through this very heavy obstacle.

guppak

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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?

This kind of news will only affect the price of bitcoin in the interim time. several times the bitcoin is shaken but in the end, it can recover. The government will not be able to destroy Bitcoin, many people argue that the ban on the use of bitcoin by governments in a country will be able to destroy bitcoin. but actually, bitcoin is still there and has a high price and always in want of many people around the world. this means that prohibiting the use of bitcoin may have an effect on bitcoin prices but I'm sure bitcoin will still exist and always have a lot of interest.

aezotxmb

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From past experience, it is difficult for a single government to destroy bitcoins unless it is possible for most large countries to jointly ban mines and destroy bitcoins. Last year we all knew that China closed their exchange services and ICO business, but this did not destroy bitcoin, and even China's encrypted users have increased.

Kisanaq

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Government has unlimited power and if you want to make bitcoin destroy then it is easy, the government will recruit experts to make bitcoin destroy, but I hope this is never done all government.

jerix

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

As recently government is banning bitcoin in some countries. Do you think can government destroy bitcoin?

If the Government of the whole country forbids Bitcoin, it is certain that the Government could slowly dislodge Bitcoin. Because if every Bitcoin country has been banned for sure we will not be allowed to use Bitcoin again. I hope there are not many countries that forbid Bitcoin so that Bitcoin will survive forever. I do not want Bitcoin to be ruined because Bitcoin is my only job.

jhenz20

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Governments want to destroy bitcoin because they see it will destroy the currency of the country, but they will never succeed to destroy this. They Cannot control the bitcoin because this is the digital currency that works through internet connection. Even if they want to banned the bitcoin in our country, many people will make a way to perform bitcoin, maybe they will used a private network that they can transact using bitcoin.

MakLampir

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Creating a lot of digital currencies can output bitcoin from the game. In one theory, all products and services will be represented by tokens. In the grocery store you can pay only tokens of this store, and on the digital wallet will be conditional Fedcoin, Facebook Coin and many others, even special coins to pay for babysitting or metro travel.

barlo_blake

newbie

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It can because only the government have the complete machinery to destroy bitcoin, they can make a law to prohibit accessing bitcointalk.org in order to stop connecting to website.

3angel84

newbie

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I think that the government could not destroy this and they will not do it because what the government really its absulote purpose in destroying it if these crypto can makes its citizens good,for I've understand that the what the government vission is to make the citizen of its country to be a better citizens and I think that theres a lot of positive
impact brought but this crypto so why does they distroy it if this can make the citizen into a better ones.

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