Can Governments Kill Bitcoin? - page 4.

Fasdartin

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Quote from: maurobiasolo on April 14, 2018, 11:35:04 AM

Quote from: Helex on April 14, 2018, 11:14:12 AM

Yes. Government can kill the bitcoin. In india the government announced that all the banks are stop all the transaction related to crypto.so Indian government try to kill the Bitcoin.

Well, they can easily open a bank account abroad and send the money there: maybe government will stop cheap investors but medium/large can't be easily stopped

Government cant kill bitcoin, because bitcoin is decentralized, it cannot be controlled by anyone. They want to kill bitcoin because bitcoin have potentials, and they think that bitcoin might be their greatest competition in the future. And also because bitcoin can be used in illegal transaction, like buying of illegal drugs, and trading of illegal things, etc., anonymously.

putrisa

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Quote from: totol05 on March 09, 2018, 08:35:22 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 think bitcoin will never be controlled by the government because of the very little bitcoin supply but the very high bitcoin demand that everyone in the world wants bitcoin and all can have it but will never be able to control the bitcoin circulation.

trang1188

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maybe yes,if all government ban crypto and stop all website about cryto,the market will die but i think government want control crypto than killing crypto

Ray55

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Many countries have there own digital currency. They didn't want to take lose for there own . So the want to kill or stop using bitcoin. But it is not possible because many people in the world use bitcoin for there earning and daily needs.so government can't kill bitcoin.

Mofoblitz

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They cannot kill it because it is on the internet and nothing on the internet ever really dies. They can just place bans on it and make it impossible to cash out to fiat.

orarider

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this can happen. Governments can inhibit bitcoin development. They can forbid bitcoin operations in their country. The big countries like China, China do not want the development of copper bitcoin. They do not allow people to use bitcoin. They are releasing their country's digital currency to fight bitcoin.

Josiah Dave Leonor

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Government everywhere do the bad job of it and What I worry about is governments shutting down the exchanges that convert bitcoin to local currency. They can forbid bitcoin to work and Bitcoin is banned by the government but there are many investors involved in these currencies.They will not replace it with another crypto. And that's all i know

khelan

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Yes they can,as in india rbi cutoff the money supply for buying bitcoin and other crypto currency there is huge impact on indian market due to this government action. if all other county also take such actions against bitcoin then there is possibility that bitcoin will die. so there is need to be regularized this currancy and ico so that people will buy and use crypto so that these currency stay alive.

maurobiasolo

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If they will find a way to tax the related economic activities, they will stop any plan of killing it Grin

maurobiasolo

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Quote from: Helex on April 14, 2018, 11:14:12 AM

Yes. Government can kill the bitcoin. In india the government announced that all the banks are stop all the transaction related to crypto.so Indian government try to kill the Bitcoin.

Well, they can easily open a bank account abroad and send the money there: maybe government will stop cheap investors but medium/large can't be easily stopped

gogrowglow

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Government cannot control Bitcoin because it is decentralized. They have no way to penpoint anyone who must be responsible of Bitcoin. For now they cannot taxed it, they have no way tracking people to be taxed of their income in Bitcoin, so it is impossible for them to put and end to Bitcoin.

Bitcoininvestment

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That would really be hard since bitcoin has an unique codes in its creation. And the fact that its origin is really unknown even if satoshi nakamoto is really a person still no one knows his true identity and the place that he created bitcoin. Also the users of the bitcoin will also be a reason for the goverment to not ban bitcoin since the users will be protesting against banning it. And the fact that bitcoin could really help someone when it comes to moneytary issues is really hard. The only thing that they could do is to ban it globally and endure the peoples protest against banning it which is pretty hard.

Helex

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Yes. Government can kill the bitcoin. In india the government announced that all the banks are stop all the transaction related to crypto.so Indian government try to kill the Bitcoin.

TheGreatUnknown

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As we all know about bitcoin is that it can't be hacked and trace for the reasons that bitcoin is untraceable and untouchable for the reason that no central system takes control of bitcoin, it exidt on its own that's why I don't see them shutting down the bitcoin but I don't know what their full capacity either. So maybe they will, but they can't fully shut the system down.

Keyboard PC

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Quote from: totol05 on March 09, 2018, 08:35:22 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?

of course not, the government will never be able to kill bitcoin because I think bitcoin is created because it wants to make one of the digital currency that will never be controlled by anyone even the government, if the government succeeds in mastering bitcoin then it seems bitcoin price will be made game by the government, but I do not think that's possible.

kemetz

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Quote from: wave1002012 on April 14, 2018, 10:16:37 AM

Quote from: totol05 on March 09, 2018, 08:35:22 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, The government has a power to control or kill any activity under it's jurisdiction most especially if it threatens national security.

but it does not kill bitcoin entirely, only in the sphere of its government alone, so if that's what it means yes the government can do anything against bitcoin, but limited in the scope of its power alone.

osh5

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Governments of many countries have been keeping a close watch over bitcoins. They certainly feel the threat from it and thus wanted to stop it at any cost but technological aspects that are running it is somewhere out of their hands and not easy for them to understand or ban the encryption behind it.
Thus there's not much anything they can do about it and can't stop it.

seanskie18

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Maybe some of the country's government can kill bitcoin but here in our place, no one can kill it. Not all governments in the world have the power to make bitcoin gone in our lives. If more supporters bitcoin have, it can help to be strong enough even if they will try to defeat it and make bitcoin disappear in mind. So let's be united to help and to maintain bitcoin in this world.

selezneve

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Quote from: totol05 on March 09, 2018, 08:35:22 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 do not think that US government will do this. Some of the countries like India have made an statement that they are thinking to launch their own crypto but I do not see much potential there because:

1) Thy are calling crypto bad and thus banning bitcoins. Then if they launch own coins, who will have trust on this hypocritical attitude.

2) Since, they are banning other crypto, what will their coins compete with. I think that it is because of comparison and competition only, bitcoin gained so much popularity.

ebetlupet143

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if government bans the use of bitcoin it can be stop or killed sad to say the government still has its power.

Topic: Can Governments Kill Bitcoin? - page 4. (Read 2007 times)