Governments sort of do hijack bitcoin. How do they do it? They can ban it, they can ban ownership, they can ban use of it, they can ban trading of it, they can ban many things, and even if they do not ban it, they could simply just make it very hard to use and have very bad regulations as well, plus governments are just people, they are usually just politicians, they are human like us, and they are usually greedy people.
Banning isn't enough because there are people that are going to use it even if it is illegal and they will always find a way to work things out. Besides banning, I think that bitcoin can only be hijacked if the government is a totalitarian and a surveillance state. 
Topic: Can the government hijack Bitcoin? - page 2. (Read 427 times)
Governments sort of do hijack bitcoin. How do they do it? They can ban it, they can ban ownership, they can ban use of it, they can ban trading of it, they can ban many things, and even if they do not ban it, they could simply just make it very hard to use and have very bad regulations as well, plus governments are just people, they are usually just politicians, they are human like us, and they are usually greedy people.
Remember New York rule? New York decided to have a horribly difficult regulation, and then the politician who put that rule became a consultant for crypto companies to overcome those regulations, dude literally put something in place to make himself more money. So long story short, even if they can't take the control and ownership of all bitcoin, they could just make the world a very difficult place for anyone in the crypto world.
Remember New York rule? New York decided to have a horribly difficult regulation, and then the politician who put that rule became a consultant for crypto companies to overcome those regulations, dude literally put something in place to make himself more money. So long story short, even if they can't take the control and ownership of all bitcoin, they could just make the world a very difficult place for anyone in the crypto world.
I heard many time about news that stated a country just ban the utilization of bitcoin in the country but it is just run for a while after the government realized that they can't do that. Bitcoin is using internet network, the government just have one way to ban bitcoin and can't be used by the citizen and they should shout down the internet network in the country that most likely can't.
Unless your government is like north korea where the citizen can't use internet access. But, in the other country beside that I doubt with 100% they can shout down the internet network. As for your concern, there are so many cases about bitcoin hack, and yeah there is a chance for bitcoin can be controlled by one party.
Unless your government is like north korea where the citizen can't use internet access. But, in the other country beside that I doubt with 100% they can shout down the internet network. As for your concern, there are so many cases about bitcoin hack, and yeah there is a chance for bitcoin can be controlled by one party.
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
The cryptocurrency as well as the bitcoin is decentralized in which no one is controlling it so it is impossible for the government to hijacked bitcoin and even having an access through it will be so hard. In the first place , the government hate and doesn't want bitcoin but there's way on it to hijacked nor control the bitcoin. If it is impossible then probably they've done it already before because we all know how the government hate bitcoin isn't it? if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
In my opinion, it is impossible for the government to hijack Bitcoin, because to control Bitcoin, no country is able to do it. If the government
can hijack Bitcoin, it has been done for a long time, but until now Bitcoin can be used by anyone who has internet access. Maybe the government
can only prohibit its citizens from using Bitcoin, even though in the end the country had banned Bitcoin also failed. Because it is proven that there
are still many people who live in countries that have banned Bitcoin, they can still use Bitcoin.
can hijack Bitcoin, it has been done for a long time, but until now Bitcoin can be used by anyone who has internet access. Maybe the government
can only prohibit its citizens from using Bitcoin, even though in the end the country had banned Bitcoin also failed. Because it is proven that there
are still many people who live in countries that have banned Bitcoin, they can still use Bitcoin.
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Very clear that Bitcoin is not easy for government to be hijacked, the necessary documents that guilds cryptocurrency is in the hand of Bitcoin founder which is satoshi Nakamoto, and I believe that such documents has not be submitted to anybody, which from such point the secret of Bitcoin is still secured, government can't hijacked cryptocurrency more especially Bitcoin because no evidence that shows that have capability, the authority to take over Bitcoin, we all know that government never in support of cryptocurrency, they hate Bitcoin that's why they attacking Bitcoin from different countries, but their plans can't workouts. if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
If bitcoin could be hijacked, many countries would have already hijacked it. The truth is that this is not possible at all, since there are still many countries that still hate Bitcoin and other cryptocurrencies, so they would attack Bitcoin to prove that it is a weak currency.
Also, I don't think you know much about blockchain technology. You better learn how blockchain technology works then you will realize why everyone is saying bitcoin can't be hijacked.
Also, I don't think you know much about blockchain technology. You better learn how blockchain technology works then you will realize why everyone is saying bitcoin can't be hijacked.
Government cannot hijack bitcoin. It's a decentralized cryptocurrency and they can only ban or accept bitcoin. In my country, bitcoin is not banned and they did not waste the opportunity to earn some money from people who have bitcoins. There is an app that the people can use but the price of selling their bitcoin is much lower than the current price so it's a good opportunity for the governmen when they accepted bitcoin.
I'm not sure what do you mean by hijacking bitcoin. If you mean stealing bitcoins from the wallets of users and investors the short answer is no and none can hijack your bitcoins if you do save your recovery seeds and private keys in a safe place none can hijack it not even the government and any organization related to government. That's all because of the decentralization of bitcoin.
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You mean regulate it?Usage of it, yes they can be regulated. They put taxes to it. They can ban it whenever they want.
However if you're pointing out that hijacking like controlling the technology itself, it is a meh for me.
We already have one trying to claim himself as Satoshi. What more can we ask for?
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
The answer is simple - no, technically there is no such possibility. Neither the state nor the "superman" have anyone.
The only way is to limit as much as possible the opportunity to receive income from it or to make some kind of transactions. This can be blocking of exchanges, transfers of funds from their accounts, etc.
Yes!. I have read an article about this topic that quantum computing can break the algorithms of Bitcoin. There are huge number of Bitcoin miner's that is why it is difficult to break but i think it is possible.
Bitcoin is a decentralized technology so there is no government that controls the Bitcoin.
Bitcoin is a decentralized technology so there is no government that controls the Bitcoin.
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Technically governments cannot do anything about bitcoins as long as INTERNET stays decentralized. But, governments may impose all kind of regulations on all types of crypto related entities. But, when people get into P2P level of transactions alone then government restrictions will become void. So, there are less possibilities for governments to hijack bitcoins in any means.if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
How exactly are they going to hijack it and which government exactly? And moreover you have to understand that bitcoin becoming a ‘number one currency’ as you have said here doesn’t make it a real currency , it is still an asset that will mainly be used for investment, no country owns it, because it is decentralized.if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Moreover, by being decentralized that means that no government has the power to hijack it, and I am saying this because I can’t think of any possible means that they are going to be doing such a thing. The only thing I know that the government will be able to do is to place a ban on bitcoin which doesn’t limit people from still sending and receiving the cryptocurrency.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
How many times has a member here had to: say that Bitcoin cannot be made the number one currency in the world, Bitcoin, which is known today as a digital or electronic currency that is traded on the crypto market with the currencies in their respective countries, Not real money like what you spend in traditional markets.OP, it needs to be noted: that something that can be hijacked by both the government and pirates / robbers is physical.
Example: cars, ships, etc.
Whereas Bitcoin is intangible and invisible, how do you want to hijack internet signals, that's for example Bitcoin, so don't dream about bitcoin being hijacked. Ok.
Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Technically governments cannot do anything about bitcoins as long as INTERNET stays decentralized. But, governments may impose all kind of regulations on all types of crypto related entities. But, when people get into P2P level of transactions alone then government restrictions will become void. So, there are less possibilities for governments to hijack bitcoins in any means.if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
They just not gonna able to contain crypto and block it because it's basically out of their abilites.
I don't see it happening though it is possible, the reason why I don't see it happening is that government is structured to be a majority wins in making a decision, so if any of the government officials ever wanted to hijack bitcoin then it will go through a bunch of discussion and as long as there are some that is opposed to it, it won't be possible unless the people that wants to hijack it gone rogue and ignores governments policy but if that happens then they're basically fighting against the government.
Government can commit some unseen crime that civilians doesn't understand much but if we're talking about "if bitcoin comes to number one currency in the world" then that's a large scale crime to hijack it and UN and other countries will be involved if the government in one country decided to hijack it.
if Bitcoin comes to be number one currency in the world today, can it be hijack by the government?
Government can commit some unseen crime that civilians doesn't understand much but if we're talking about "if bitcoin comes to number one currency in the world" then that's a large scale crime to hijack it and UN and other countries will be involved if the government in one country decided to hijack it.
What do you mean by hijacking Bitcoin? And why would the government do it?
For one big reason, control! And all other reasons that come after that...
In theory, it's possible, in practice it's near to impossible!
It's like you are asking can someone conquer the US?! The answer is the same, can you imagine all countries to attack at the same time on all sides? But when we will see that kind of organization? Can we see so many people uniting, with enormous computing power, and trying to hijack the Bitcoin network?
In theory, things are possible because you can always find some ways that "maybe" can work, but practice and life are so different! In theory, any country can be conquered, any system can be hijacked/destroyed... I can become the president of the galaxy and League of Legends pro players... but I guess only in theory!
What do you mean by hijacking Bitcoin? And why would the government do it?
Do you mean by "hijack" taking control of? There's no way any government could do that. They can enforce a ban, but even that can't stop people from carrying out transactions, the ban will have consequences only if you connect your wallet to a card, otherwise, they can't track you.
There could be, in theory, a 51% attack, but the Bitcoin hash rate is too big, so I hardly think that's a possibility.
There could be, in theory, a 51% attack, but the Bitcoin hash rate is too big, so I hardly think that's a possibility.
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