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Topic: Can the government hijack Bitcoin? - page 5. (Read 427 times)

hero member
Activity: 2884
Merit: 620
April 13, 2021, 05:37:43 PM
#6
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.
Not only in some countries but for every country where there are holders of it, we're all using it if it's needed for purchases that we want. It's for the application and contribution that we do because it's really made for that purpose.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?
They cannot, they can stop the exchanges but transactions will continue because it can be done through peer-to-peer transactions. It's useless if they will "hijack" bitcoin not unless there's an outlet that they will unplug the wire of internet connection to stop mining which will affect all of the transactions.
legendary
Activity: 3640
Merit: 1407
April 13, 2021, 02:33:36 PM
#5
What do you mean hijack it?  Its not as though they can freeze p2p transfer.  Biggest way they could possibly curtail its use is by banning it which we've already seen been done and reversed because ultimately that government and country will be left behind.  Right now bitcoin IS too big to fail now.
jr. member
Activity: 170
Merit: 4
April 13, 2021, 02:04:06 PM
#4
They’re trying to create a centralised xrp es queta pump and dump coin, that come with surveillance as a bonus and a kill switch to boom the coin access everywhere everytime.
member
Activity: 189
Merit: 16
April 13, 2021, 02:02:26 PM
#3
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?

Which government? Those that have money use it to smoothed COVID-19 impact on society.

If any government wanted to, they could have done it while Bitcoin was cheap.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
April 13, 2021, 01:58:28 PM
#2
You are not asking a specific question mate, hijack what aspect? How do you know government does not create it in the first place? You can find many scenarios from conspiracy theorist, but they cannot prove it.

Also, don't underestimate the power of a tyrannical government. Let's say Kim Jong-un banned Bitcoin, 99% of North Korean won't be dare to touch it. However, from the technological aspect, it depends on hash power.
member
Activity: 798
Merit: 34
April 13, 2021, 01:14:05 PM
#1
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?
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