Topic: Can Governments Kill Bitcoin? - page 14. (Read 2007 times)
For me, yes government have a jurisdiction to kill and prohibit bitcoin but only in their state. We all know that bitcoin is design to work without a single administrator or central banks and also that is the main aim of bitcoin a digital currency that government can’t control so it will become harsh to some government sectors to kill bitcoin. But I think some government sectors will embrace bitcoin and another cryptocurrency because some cryptocurrency is helping the economy's growth.
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?
Will the government kill bitcoin? I don't think so. Bitcoin can bring a lot of revenue to the government. The government finds its own digital currency, and if it kills bitcoin, the encryption market will collapse, which is bad for the entire encryption market. What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
I think the government can kill bitcoin with regulations and harsh purnishments but I dont think the crypto technology is going in that direction because more and more big corperations have been investing in this technology and the is growing interest from people all over the world which keeps bitcoin and this tech alive.
No! Governments can take steps to eliminate the use of Bitcoin are cryptocurrencies but they cannot Ban it completely unless they Ban the entire internet from the country. The core principle of Bitcoin state that it is a payment system with decentralization so in order to kill Bitcoin, they have to kill each and every record of the same but practically it is impossible. However, government can legally restrict users from purchasing or selling Bitcoins using Fiat currencies.
Some governments are already trying to kill Bitcoin or regulate the use of Bitcoin. I don't think it's easy to realize because of growing community around the world.
They can't kill bitcoin, it is just like saying that all of the people in any country could be covered by a law prohibiting bitcoin. That is quite impossible, that is why one by one several countries issued a warning and banned bitcoin or other alts. There is a country that created their own crypto backed by petroleum. I think that is petrol if am not mistaken. However, government I think is pretty amazed on how the blockchain work and they are thinking of new way to use or utilize the technology that could benefit their community with a certain rules, policies and laws govern by it.
The primary idea of Bitcoin and Satoshi Nakamoto was - A Decentralization. That means nobody can take over the control of Bitcoin (any central institution) - banks, governments, unions and so on. So the idea is that people - POTW (people of the world) gets financial freedom and most important financial power back from central institutions.
Twitter CEO mentioned last day as well, that Bitcoin finally will become only real global currency worldwide. My personal predictions this will happen between 2025 - 2035, when 2005 - 2010 born generation gets adult.
Next 15 years will be really interesting for Bitcoin and crypto markets.
P.s Cryptocurrency markets by 2030 will be between 40 - 60 trillions usd (about 50% of nowadays world assets).
Twitter CEO mentioned last day as well, that Bitcoin finally will become only real global currency worldwide. My personal predictions this will happen between 2025 - 2035, when 2005 - 2010 born generation gets adult.
Next 15 years will be really interesting for Bitcoin and crypto markets.
P.s Cryptocurrency markets by 2030 will be between 40 - 60 trillions usd (about 50% of nowadays world assets).
They can make using bitcoin difficult for people, but they cannot stop them. But now it is better to discuss about whether governments want to kill bitcoin or not. Because I think many governmets have known the advantages of blockchain technology and bitcoin. They just will make some rules and it is normal. There were many good signs in G20 summit and also US. Senate.
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?
Bitcoin is well established world wide. As a result, big nations like USA, China, Russia feel jealous towards bitcoin. It is their ego problem. They will try their level best to bring their own currency and stop bitcoin. But, it is not possible due to the decentralized nature of bitcoin. Being decentralized, no government can regulate bitcoin.What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
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?
Bitcoin is well established world wide. As a result, big nations like USA, China, Russia feel jealous towards bitcoin. It is their ego problem. They will try their level best to bring their own currency and stop bitcoin. But, it is not possible due to the decentralized nature of bitcoin. Being decentralized, no government can regulate bitcoin. What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
No government can destroy or defeat Bitcoin all over the country, but the country whose government considers Bitcoin cash illegal. The government of that country can ban Bitcoin. This can lead to their price rate down. This can reduce the bitcoin user. But Bitcoin is a strong and trustworthy platform and it is due to being a digital currency and payment is widely accepted in every country. That's why the government can not completely kill it, it can ban only in your own country.
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 don't think the government will kill bitcoin, and there are a lot of countries around the world that accept bitcoin and recognize the legitimacy of bitcoin. I think the government issuing its own digital currency may have an impact on bitcoin, but it can't end it. What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
I think NOT. How could they kill something that is beneficial to people nowadays. If they will issue their own cryptocurrency then i think they'll be adopting bitcoin's technology, bitcoin will serve as a basis of making such currencies. As long as cryptos' live, bitcoin lives.
it could happen, if the government actually runs the system they created like bitcoin, which not only wants a big profit for themselves.
No, Government is trying to kill bitcoin by using news, media and other related to social media but still bitcoin is still here. They used the word "ban", "hack", "tax" so people will panic sell but its affect only in a few days or week.
am not sure of that now,,,if they will,,,they suppose to would have stop it on before this time
This is most likely a rhetorical question, since if desired, yes, a law can be issued that will prohibit the use of the crypto currency on the terrior of a particular country
The only way that they could do that is banning Bitcoin and Blockchain technology, but doing this, they won't benefit from blockchain itself, I can't see a logic in that
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?
What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
No one can kill Bitcoin and the usage of Bitcoin. If these countries comes with a new coin released at par with their nations rules and regulations also they should adopt Bitcoin concept with its technology. I don't think they can or they will kill Bitcoin for their existence. May be the can regulate the rules in their country and they cannot own the world to regulate what was fixed in their country.
i think no one can kill bitcoin. bitcoin is a decentralized cryptocurrency.
its price show that the demands of bitcoin is high. there will be peoples who want to own bitcoin.
because bitcoin is decentralized, no centralized system can control bitcoin, neither government.
its price show that the demands of bitcoin is high. there will be peoples who want to own bitcoin.
because bitcoin is decentralized, no centralized system can control bitcoin, neither government.
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