Topic: Can Governments Kill Bitcoin? - page 9. (Read 1956 times)
Government cannot kill crypto. It's borderless. So they can just put a ban on it.
Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
In fact, the government does not have the power nor the ability to kill bitcoin. To get rid of bitcoin, you will have to pay through many stages and have good reasons to kill bitcoin.Bitcoin is a new trend in the world, it brings a lot of profit to the participants. So we need to believe in the bright future of bitcoin.
Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
That is not a true , if government will make own local crypto currency they will just use them like fiat money to change on bitcoin like in Russia they want to make crypto ruble and citizens will must buy fro fiat firstly this crypto ruble and after change it to any crypto on government crypto ex-changer platform.
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?
No, but they are going to try, now they're not going to be able to replace bitcoin with their own crypto currency, what they are going to try to do is to regulate bitcoin to the point where no one will want to go to the trouble of using it, if you do not believe me you only have to look to US citizens which are not accepted in any international banks due to the heavy regulations they are subject from their government. What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
Government can not kill what they dont have outright power over. though government has a big roll to play when it comes to policy making in a country but as far as bitcoin is concerned it is a decentralized currency which cannot be only control by a single government. so no country policy can kill the existence of bitcoin the worst a country can do is to ban it from being used in their country and that can not determine in-existence of bitcoin.
Yes but they can somehow make their own private currency.
Have you seen USDT? It is like a currency of the government that doesnt even fluctuate. It is as equal as the USD that is made online.
Some day that token will blow and they will be losing all their money investing with it. They thought they have already escaped the dips. But now they are under the surveillance of the government and anytime they can take it without people knowing they are the one behind it.
It will just be a manner of time.
A government of a single nation cannot just make Bitcoin collapsed. Infact there are countries that banned to trade bitcoin. Even the whole world banned bitcoin. They cannot stop the blockchain from processing unless they can locate and stop the miners.
that's unlikely to succeed as it would only seem like a stock on the stock market that you invest in because if its government controlled that means it cannot be decentralized and they will of course have measures in place to monitor its growth and also who the owners are thus making it not anonymous. so it would become a regular investment instrument so to answer your question bitcoins cannot be killed or replicated by any government institution as government institutions by there very nature requires checks and balances and some amount of traceability and accountability.
The main point of the cryptocurrency is that the governments can not control it! Then I see the question: 'Why?' 
Yes, Governments have no control over bitcoin. If they had control over it, they had killed it before. Now they are only trying to make some rules. Also, some governments are trying to make the people uninterested in bitcoin. That's all they can do.
Of course, the government has the power, the government has the authority. the government can make rules to ban people playing Bitcoin, they can sanction their people if they violate the rules made. if the government wants to kill Bitcoin, one way I think it's powerful is to block all Internet sites that are related to Bitcoin, then close the existing trading market in that country. then stop the Cryptocurrency activity, and kill Bitcoin.
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?
I dont think so, bitcoin has been there for how many years. It is being used by many users from different countries. Their new currency may help to promote more about btc since it is also a digital currency. It will help to open their minds and finally accept btc all over the world.
Yrs of course and unfortunately this is the thing that many govenements try to do it but i believ that the bitcoin will survive againts them
The administration will never have the capacity to slaughter bitcoin, on the grounds that bitcoin is currently a standout amongst the most productive coins. so I figure the administration can just cutoff the tenets without having the capacity to execute bitcoin, in light of the fact that after all the bitcoin isn't claimed by the legislature and the legislature does not have the expert to wreck or slaughter bitcoin.
Government can not kill what they dont have outright power over. though government has a big roll to play when it comes to policy making in a country but as far as bitcoin is concerned it is a decentralized currency which cannot be only control by a single government. so no country policy can kill the existence of bitcoin the worst a country can do is to ban it from being used in their country and that can not determine in-existence of bitcoin.
the government has no authority over bitcoin, the government can only set rules without being able to spread bitcoin let alone kill bitcoin, it is just a statement that will not happen, because bitcoin will keep running and bitcoin is not made by the government.
The main point of the cryptocurrency is that the governments can not control it! Then I see the question: 'Why?'
Bitcoin can stop by goverment?
Maybe not, because in the other countries this use bitcoin already to buy item,to pay and to invest to there business.
But there have 3 big countries do not want bitcoin because they want to have their own dugital currency.
Maybe not, because in the other countries this use bitcoin already to buy item,to pay and to invest to there business.
But there have 3 big countries do not want bitcoin because they want to have their own dugital currency.
Bitcoin Cash was nothing but a hand grenade killing/maiming every coin and investor within a 15m radius.
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 government can be kill all cryptocurrency. But government cannt kill user and all transaction use cryptocurreny. cause its so difficult and so hard to makes all people not use bitcoin or cryptocurrency. As you can see in some countries bitcoin is prohibited and banned by the government but all activities or transactions using bitcoin keep going What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
Isn't it obvious Bitcoin is a different thing and governments have no control over it even nobody can hack it. It provides Minister get security and awesome networking which everyone needs but Government and higher authorities cannot provide service. I think the answers are already in front of us. people should research on making the stuff which is much more secure and user-friendly rather than using all those old junk. No offense but in many countries like Asia technology is still at their mid-age and not many people are fully aware of the power of the internet till now. All the news Facebook and WhatsApp and some other features but they are not developers or they do not interact with the open world like us.
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