Can world Government Kill Crypto? - page 95.

boonsterx

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Activity: 112

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Most governments do not want to kill crypto currencies. They just want to tax crypto and they want to control crypto.

Of course there are governments like China who want to eliminate all forms of crypto as it is allowing their citizens to move rmb out of the country.

China wants its money to stay in the country and be invested within its borders.. the government knows that her citizen are looking for better returns elsewhere and they are trying to hide their wealth in other countries. Crypto is allowing the rich and smart people to have greater financial freedom and they means they do not need to be beholden to the government..

For many progressive countries, they will just want their pound of flesh and will be happy if they can tax crypto. And btw crypto cannot be killed by any governments, so why fight it? Just tax it! Grin

jundy020

newbie

Activity: 191

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The government can't do that, but if they can, they will not do it either. Many people rely on cryptocurrency, trading, gambling and many more stuffs making their time focused here. If the government banned cryptocurrency many people will suffer.

dangdangdang

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Bitcoin, Blockchain and Cryptocurrency cannot be stopped by Governments, any states, organization or any individuals because in the real world it will not affect any countries' financial economy.
The Bad News is China and some countries are refusing to adapt Blockchain with their own reasons;
But the Good News is there's a lot of Blockchain friendly countries who actually embraced, develop and adapt the future of our monetary system.
China cannot even stop Bitcoin and Blockchain technology even if they're already the most powerful country in Asia.

shinratensei_

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Quote from: Minor Miner on February 06, 2018, 09:07:02 AM

Quote from: cryptogeek101 on February 06, 2018, 03:06:41 AM

"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesn’t mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here: https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks

As I understand there are two main reasons how the crypto could be killed:
1. Destruction of the Internet;
2. Quantum computers.
Both of them are very hard to do. I guess if any of them will become to reality there will happen the world war three.

It's to kill the existence of crypto itself, but the government is really possible to kill crypto from the price. Remember crypto still pegged to the centralized exchange site and then it can become the worst part of the crypto itself. The price is very important to the crypto. With so many regulations and it makes crypto will be more difficult to reach high value.

iiottelbm

newbie

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Merit: 0

I think the "world government" itself has created a crypto or very actively participated in its creation for some time. Why would he kill his offspring?

bering

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just like that article said that government can crush it but they can't kill it and actually government has attempts to kill cryptocurrencies several times but this is only makes cryptocurrencies price temporary crash but gradually the price can recover back several times too and i think government can banned bitcoin but they can't stopped developments from cryptocurrencies

Eraldo Coil

member

Activity: 448

Merit: 10

There's no way world government can kill cryptocurrencies. It' just impossible. If you look at other countries that ban the use of cryptocurrency, it just really useless because it will only end up that there's still a lot of people who can use this coins.

Arthurcassi

newbie

Activity: 25

Merit: 7

With VPN and a free brain, this revolution can't be killed. It will fall a lot of times, but will change, eventually, the way people see money and banks (I believe). Just time and patience.

Katja-Ochs

jr. member

Activity: 206

Merit: 1

I don't think so. Gouvernment could only try to regulate Cryptos.

MarkZuckerCoin

jr. member

Activity: 34

Merit: 3

Nope they can't
if they ban people are still going to find ways to gain access o.o as long as its something that people are FOMO-ing / has interests in they will find a way to do it, Just dont get caught?

Ramtapsbtc

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Activity: 364

Merit: 10

Quote from: cryptogeek101 on February 06, 2018, 03:06:41 AM

"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesn’t mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here: https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks

Very nice article. At least it give some positive vibes to the crypto community. They can crushed Bitcoin but they can't kill it. Bitcoin is here to stay until that centralization is dead.

Rickirs

member

Activity: 206

Merit: 20

Very interesting discussion, actually very informative too. But the main thing about current situation which is mostly overlooked is the nature of the Crypto currencies.. lets recent gains as bubble, so even before bubble, Bitcoin price and market is all based on speculation, unlike stock market, crypto market reacts very strongly to speculations and uncertainty.

From recent acts by various Govts.. (more are expected to come), there are speculations and uncertainity everywhere and market reacted to as usual. However, one has to not to forget that this thing has penetrated too much in general masses, it will rebound sooner or later. All it will take is some time.

Minor Miner

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Quote from: cryptogeek101 on February 06, 2018, 03:06:41 AM

"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesn’t mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here: https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks

As I understand there are two main reasons how the crypto could be killed:
1. Destruction of the Internet;
2. Quantum computers.
Both of them are very hard to do. I guess if any of them will become to reality there will happen the world war three.

xindoa

member

Activity: 194

Merit: 12

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the goverment if they wanted to could kill crypto but i think the real world application is to much to just throw away and they know that.

regulation will come for ico but maybe thats not a bad thing

Alex_He

sr. member

Activity: 490

Merit: 252

I remember Cryto was born to out-kill the government?

ItBeginInAfrica

member

Activity: 120

Merit: 11

they probably cannot kill crypto nor I think it is what they wish (being heavily invested for sure).
Also, it would be the first time that ALL world governments agree about something. Highly improbable event.

zikabra

full member

Activity: 574

Merit: 139

Quote from: cryptogeek101 on February 06, 2018, 03:06:41 AM

"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesn’t mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here: https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks

Their intention wasn't to make crypto bleed and people to lose money.
They want to regulate exchanges(South Korea, US etc), ICO sells(China) and they want people to pay tax for money they earn from crypto trades. Behind crash were fake news, FUD, and people following those news probably in correct time followed by chinese new year and usual January crash which happens every year.

ronni01

newbie

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My opinion about this is that the government can do anything, imagine that all countries have banned crypto and put it on, then 90% of people will stop doing business!

Bakemat

sr. member

Activity: 779

Merit: 250

Quote from: cryptogeek101 on February 06, 2018, 03:06:41 AM

"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesn’t mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here: https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks

There is a possibility but they can not totally kill cryptocurrency maybe they will limit only thr users and investors .Successfully regulating cryptocurrencies is a difficult and long process for countries, as we've seen over the last few months. That's especially true when there are numerous regulatory bodies in a country that all want to take a different approach.And, even as some countries like China , Russia trying take precaution on cryptocurrencies.

jbautistangina

member

Activity: 258

Merit: 12

There is a bill on the u.s senate that will give us some freedom of using cryprocurrencies few of these politicians are surely into crypto business that is why they are making some move so the regulation wont hurt much of U.S citizens,cryptocurrency isnt really a threat to government we just need to give them some small taxes so they wont regulate most of the crypto related activities.But killing crypto wont be possible if few governments will regulate it,but if all the countries will ger some regulations it.migjt be the reason why our whole marker will collapse so lets hope it wont happen,otherwise we are done.

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