Can Governments Kill Bitcoin? - page 13.

bitcoinisbest

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Quote from: colvis on April 02, 2018, 11:01:12 PM

well for me bitcoin cannot be kill or replace with another coin, the creation of new coin buy the government organisation will only affect the price of bitcoin but that cannot eliminate its existence.

Demand will start falling as people of that country who has issues their own coin will have to use that coin only as btc would be illegal in that country in such cases more and more country if started doing this the price will also fall of btc and thus people might shift to something else in such case.

ciarneil01

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It depends on the legality or illegality of bitcoin in your country. But in some considerations, the government may pursue rules on the illegality of bitcoin if it can cause problems on the economy of a certain country or results to a decrease in some investments or may result to losses, thats why someday the government might kill bitcoin because for it is illegality, but i heard in other country they support bitcoin. On the other side government or regulatory bodies can't impose laws to it because of the complexity of the terms used and lack of understanding about it.

ciarneil01

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It depends on the legality or illegality of bitcoin in your country. But in some considerations, the government may pursue rules on the illegality of bitcoin if it can cause problems on the economy of a certain country or results to a decrease in some investments or may result to losses, thats why someday the government might kill bitcoin because for it is illegality, but i heard in other country they support bitcoin.

sicnarfkswiss

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Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

Government rules if they want it they can get it but it needs much discussion with the expert, But I think they will not create their own crypto, because government were greed they want paper money so they can steal it easily..

patrickj

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I don't think government can't kill bitcoin because it is the supreme of all cryptocurrency. If the government can serve in a best way using there created altcoins then it can someday, maybe 20 years or when the markets of bitcoin became low and the governments altcoins will be demanded by many crypto lovers from their country. But for now they should first plan it so well to encourage the community to buy their coins in the future.

reality18

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Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

Getting to the roots of Bitcoin to kill it will be very difficult. The pace has been set already by Bitcoin and any other cryptocurrency including the proposed ones to come from the governments will be measured with Bitcoin as standard. These governments want to capitalize the crypto market for their own gains.

Grayy

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Like the Internet, bitcoin has spread all over the world already. Killing bitcoin can be likened to stopping the internet for just a second, the world over. Can you imagine the chaos? Governments only have the power to reject Bitcoin as a legal tender only within their jurisdiction. Individuals in such countries can still own bitcoin wallets and still trade via offshore accounts. I think the greatest enemy to bitcoin right now is FUD and so many scam ICOs emerging to taint the reputation of cryptocurrencies as a whole.

yhnshjka

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I do not think that China and Russia have seen Bitcoin as a financial threat. Instead, what they are seeing is the subversion and innovation of blockchain technology in the financial sector. The government's issuance of legal digital currency is a recognition of blockchain technology, which does not conflict with Bitcoin. I think that let more people know about blockchain technology and Bitcoin. This is good news.

molenracing

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the state has the power and authority to make a rule. to kill Bitcoin state can not do it, that can be done by a country is to prohibit people to play Bitcoin. and the state can make strict rules about this, anyone who violates or plays Bitcoin will be given strict sanctions. countries can also block all sites that are used to access Bitcoin. Once the people can no longer access and play bitcoin.

Kopceak_MD

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I do not think that the state is capable of killing bitcoin, and if they would like to do it, they would have done it long ago

dettihegedus

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Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I believe nothing can kill bitcoin at this point. Governments can ban the bitcoin in their country because they see that bitcoin is a threat to the economy. For example, China issued a bitcoin ban, they wanted to kill bitcoin in their country, but the Chinese government did not do that, because the bitcoin was decentralized and had millions of users and investors. . Since then the government can only issue regulations on bitcoin that can not be completely banned. I hope that in the future the governments of large nations will accept bitcoin and facilitate the development of bitcoin further.

kirito1614

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Theory is after all hypothesis, yet unless the administration offer a change on Bitcoin then for what reason would this be a danger to Bitcoin? In the event that it's enhanced Bitcoin then for what reason would we be unfriendly to this crypocurrency? In the event that the legislature turned out with an enhanced cryptographic money which was open source and decentralized then I without a doubt welcome the change. Would most likely alter my opinion of the way governments think on the off chance that they really did this. On the off chance that it's not decentralized or open source then it ought to fizzle.

mi56374100

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2017 will introduce the world into cryptocurrency. Unfortunately, governments around the world are starting to notice this as money starts to flow in. There is no financial regulation in the area of cryptocurrency. However; With the development of the industry, the government has stepped in and tried to provide some oversight for the fragmented market.

In the long run, their regulations will help the development of this space. However, they remain focused on criminal activities surrounding the use of cryptocurrencies and will continue to strengthen control and regulation of virtual currencies in the coming years.

brio18

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of course, it may be done by the government because they have power over their country. but it is easy or not to kill them bitcoin I do not understand it. and hopefully that does not happen. I hope bitcoin can get support from the government.

colvis

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well for me bitcoin cannot be kill or replace with another coin, the creation of new coin buy the government organisation will only affect the price of bitcoin but that cannot eliminate its existence.

rainezerr

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Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

Yes governments can really rid of cryptocurrency out of their country but just like china, there will be a lot of complains that will keep on coming on the government each day and they will still allow ico's to run on their country just like japan is doing right now on cryptocurrency, they are using bitcoins ti improve their own economy.

KesoNie

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Quote from: fortelen on April 02, 2018, 10:25:52 PM

Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

To have their own digital currency is possible. They must have the priority of making such cryptocurrency. However, it doesn't mean able to kill Bitcoin. As known, bitcoin has been spreading around the worldwide. It always develops and grows among societies in this world. It is difficult to stop it and replace with their digital currency. But, I also feel curious about this.

Having a currency in one country and it they made, this idea is good because they control and even the government can't banned it. But like as other said. It is not meang that they kill the bitcoin maybe the bitcoin user was lessen but it can't killed . Yhe only eay to kill the bitcoin is to unite and make decision that bitcoin banned in all country

fortelen

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Quote from: totol05 on March 09, 2018, 09:35:22 PM

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

To have their own digital currency is possible. They must have the priority of making such cryptocurrency. However, it doesn't mean able to kill Bitcoin. As known, bitcoin has been spreading around the worldwide. It always develops and grows among societies in this world. It is difficult to stop it and replace with their digital currency. But, I also feel curious about this.

adriaymati58

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They can ban it but they don't have the power to kill it since bitcoin is controlled by people not by institutes. I think sooner or later every country will accept bitcoin

supercanada1

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Quote from: panarama29 on April 01, 2018, 01:15:41 PM

am not sure of that now,,,if they will,,,they suppose to would have stop it on before this time

If countries like China and Russia is thinking to make and launch their own cryptocurrencies for the do not trust Bitcoin as it can be used badly so it is very true about Bitcoin that it is decentralized and everyone can use it. So they would have control over their own digital currencies that are not called decentralized that would be the same as fiat money.

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