Don't be too sad about the governments.
Remember that Gold was forbidden to be owned by person in USA, while gold will never be killed.
Topic: Can Governments Kill Bitcoin? - page 8. (Read 2007 times)
nope, since they don't own any bit of it
The problem is can they beating the popularity of Bitcoin with state-owned Digital Currency? Bitcoin it's for worldwide but maybe their own digital currency will only be used in their own country. Maybe they make their digital money just for replace their payment system becomes easier.
In addition to this, nobody can really anything or remove any kind of stuff from internet. Bitcoin is a digital currency. Even if the government of whole world decide to go against it, they would fail in eliminating it. It is decentralized in nature due to which it comes under no one’s control. Besides, not all the countries are idiot. Japan is fully supporting bitcoin and it truly admires this 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?
What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
No The elimination of Bitcoin will not be possible for the government alone. The King of Bitcoin Online. Before finishing Bitcoin, the crypto must be completed before it, which is not the work of any government. Maybe the government can cancel Bitcoin in their country. The government will succeed in this. But killing Bitcoin will not be so easy. Bitcoin is managed by the internet. As long as there is internet, there will be Bitcoin.
i think is very hard for the goverment to kill bitcoin, you know bitcoin is like a people itself, and goverment can't relay when rebellion held by people
killing bitcoin is mean killing people choice, they will not killing bitcoin instantly but slowly with some scheme, but i think if they thingking bitcoin could benifit for they, why not
killing bitcoin is mean killing people choice, they will not killing bitcoin instantly but slowly with some scheme, but i think if they thingking bitcoin could benifit for they, why not
Honestly, even if govts ban Bitcoin, people will still find a way to make use of it. They may be able to lessen its users, but not totally kill it.
Government authority can kill bitcoin in their respective countries, by policy and programs that will kill bitcoin direct and indirectly, but as I always said it bitcoin can't die, is a decentralized crytocurrency which no government has control of its.
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?
If the government wants to remove Bitcoin then it will be able to remove it because the government has all the powers. Maybe Bitcoin can not finish alone. This will require the assistance of all the countries. Bitcoin has been used for many years. But the number of users of Bitcoin has been growing so much that the government has become entrenched and trying to ban Bitcoin. But unfortunately, no governments are trying to understand the advantages of Bitcoin.
Yes, the government have a ward to preclude bitcoin in their state. I realize that bitcoin is configuration to work without a central bank and furthermore that is the principle point of bitcoin cryptocurrency that administration can't control so it will wind up cruel to some administration parts to preclude bitcoin.
bitcoin is the international currency. The advantage is decentralization, the government will only have a positive impact on bitcoin. Indirectly, these governments agree that bitcoin is a good technology or at least the idea of digital currency is appropriate for this century, I think yes, maybe bitcoin can be killed or stopped by the government especially when they are united. Bitcoin and its technology are innovative financial systems that are more efficient than the banking systems we have today, just by coincidence that banks are controlled by the government. What the government can do is put the external forces into bitcoins where its people will not be able to use bitcoin into the next century ...
difficult, the government can't block blockchain technology. the government can only close the sale and purchase sites only. and if it happens but there are still countries that open bitcoin trading sites, we can still trading bitcoin.
Obviously it would depend on how bitcoin runs through out the country. Mean while bitcoin is just a digital currency but there are lot of investors would gather to make some effort on giving their time and exchange there savings to have more reliable alt and in return such profit.And government stop this if this would used in an maliscious drags etc.
In an interview on the Central Television of China (CCTV) - the main state television company of the country - Al Hae, the former head of the Bank of China - one of the largest banks owned by the Chinese government and a member of the People's Council, said that the Central Bank of China should try to regulate crypto-currency companies and the actions of digital currency users, rather than trying to stop the adoption of bitcoin by force.
yes ofcourse if they wish to they surely can. Its that government can not stop bitcoin from flowing through the private key wallets but they can stop people from using exchanges and all. If they are able to stop these exchanges normal people will get less motivated to use it as it will only be useful as a currency in transferring bitcoins. But governments will not get any merit from doing this thing as all they will kill is their own taxes. Governement cannot kill it but can permanently deplete its value which in itself can be said as killing it.
In any case Bitcoin has already entered the history as the main cryptocurrency. Just a lot of countries, where huge wealth is accumulated, do not want to let it into its territory – then there will be no sense in their money. Well or their governments do not understand the very essence of cryptocurrency.
There's no way a government can kill bitcoin. It isn't controlled by them and is decentralized meaning no one can control it. Even if the governments come up with their own coins still Bitcoin won't lose its value cause the coins the governments are going to develop are going to be centralized and controlled by the governments while bitcoin will still be decentralized.
The problem is can they beating the popularity of Bitcoin with state-owned Digital Currency? Bitcoin it's for worldwide but maybe their own digital currency will only be used in their own country. Maybe they make their digital money just for replace their payment system becomes easier.
If the BTC can be killed, BTC would have been destroyed a few years ago. Instead, I think BTC can exist for decades.
No, definitely they have authority to kill bitcoins but only in their own country. They can’t just hurt bitcoins over other terrorist or generally as a whole. Reason is, bitcoins are decentralized. No one can even touch them or hurt them if they would be in physical state. So absolutely they can’t make anything harm to bitcoins but in their own country, they can pass a law which sentences all those who uses bitcoins. 
Absolutely Yes they can kill bitcoin anytime they want, it simply because they are the head of their state, if they think bitcoin is harm their own economy will they can kill bitcoin as well as the good of all of their country men and economy.
Bitcoin is has no boundaries even if the head of state don't want bitcoin to proliferate in their country but still he should protect also those people who patronizing bitcoin.
Absolutely Yes they can kill bitcoin anytime they want, it simply because they are the head of their state, if they think bitcoin is harm their own economy will they can kill bitcoin as well as the good of all of their country men and economy.
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 can kill bitcoin, bitcoin is decentralized, the government can't control bitcoin, so it's hard for the government to kill it. Some countries are issuing their own digital currency because they see the development of the digital currency very well, and they want to gain some revenue from the digital currency. What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
Jump to: