If the powerful governments wanted to, do you think they could stop Bitcoin? - page 10.

lazaruseffect11

full member

Activity: 161

Merit: 100

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

I think it is possible to happen since some of the countries in the world already banned bitcoin in their place. They have the power to stop any activities that are connected to bitcoin or any other cryptocurrencies. They also have to power to legalize it if they want so it depends to the government of a certain country what will they do to bitcoin or digital currencies.

carodupuis

full member

Activity: 382

Merit: 100

Live cams shows pimped with cryptocurrency on Sexy

Quote from: dynospytan on November 10, 2017, 09:25:14 AM

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

Government cannot do nothing about bitcoin. Bitcoin is decentralized and no one can stop it aside from internet. Internet is the heart of bitcoin, without this bitcoin is useless. But, we also know that no one owns internet and even government can't stop it. They might shutdown in but they cannot do it worldwide because we are now in modern world and internet is the first part of it.

Agreed! Till the time, government will not declare bitcoin as legal currency there is no way that government can interfere in such kind of things. It is because of the reason that bitcoin is decentralized in nature which makes it independent of all the rules and regulations. There is no one who can control bitcoin one way or the other. No one can actually stop bitcoin from being used.

lenj

full member

Activity: 182

Merit: 100

yes government can do it. at least most of country in the world doing the same thing to kill bitcoin.
but if just or 1 or 2 government or country doing that, i think they could not. see china has big affect in bitcoin but they could not just do it by themselves.

Charot12345

full member

Activity: 257

Merit: 102

I think no,
One country ban bitcoin and it has a bad impact so if all governments in the world ban bitcoin they can stop it. But if only one country stops bitcoin it will not succeed because bitcoin has already spread to the whole world and many people are supporting it. It can generate jobs to many people, and it can help them. If the people get rich then it can be advantageous to the government then they will not consider stopping bitcoin.

susuberuang

full member

Activity: 926

Merit: 100

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

will never get the government to stop bitcoin because bitcoin is a very useful and highly wanted digital currency in everyone including in China and Japan.

putrii

full member

Activity: 420

Merit: 100

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

no, they will never be able to stop the circulation of bitcoin, because the bitcoin of its enthusiasts is very much, the governments will not be able to stop it very difficult, because in japanese state, america and china have formalized bitcoin as their legal payment instrument.

richmcrich

hero member

Activity: 1120

Merit: 507

Quote from: dynospytan on November 10, 2017, 09:25:14 AM

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

Government cannot do nothing about bitcoin. Bitcoin is decentralized and no one can stop it aside from internet. Internet is the heart of bitcoin, without this bitcoin is useless. But, we also know that no one owns internet and even government can't stop it. They might shutdown in but they cannot do it worldwide because we are now in modern world and internet is the first part of it.

It is rather unimaginable and seems impracticable that government will be successful in creating obstacles for bitcoins. Though government is authority but it is also a true fact that majority is authority. The users of bitcoin are proceeding with such a pace which seems difficult to be controlled or banned.

jam22

full member

Activity: 198

Merit: 100

I don't think so cause billionaires, investors and maybe also the governments invests in bitcoin.

supermam

member

Activity: 209

Merit: 10

The government has the right to do so and we can't do nothing but to obey them because they are the one making and implementing laws if this will happen many are affected maybe they will create another one

MoonsGravity

newbie

Activity: 74

Merit: 0

In order for governments to stop Bitcoins and other crypto currencies, it would have to do it by force. And by that I mean with a lot of gore and violence.

It won't kill it, because there are always going to be some mining it, but such gore and violence will definitely hurt the price.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: Wilfrer on November 10, 2017, 11:09:31 PM

May. They can control their citizens. They can investigate the IP address access to Bitcoin sites and know who is visiting. They can block transfers and receive money from abroad without a clear purpose. If they want, they can do everything to lock Bitcoin. However, they will gradually accept Bitcoin because of the benefits it brings

If things were that easy they should have done that already, governments understand very clearly that a fight against bitcoin is impossible to win, and the more they prohibit bitcoin the more people are going to want to have it, besides they cannot ban bitcoin that easily, what grounds are they going to use to ban bitcoin? They cannot use the same grounds they use for drugs, so I think they are going to use the excuse that bitcoin is going to help money laundering.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Beerwizzard on October 26, 2017, 09:57:03 PM

They won't be able to 100% stop it. As you see we already should pass a lot of steps of verification on all exchanges to exchange our bitcoins to fiat money and thats where the governments will probably strike ( and that will hurt). In other way we still gona be able to use it like we use cash (but I don't think that any store will accept btc so you will only deal with other people).

you might be right mate they can maybe stop partly but not the entire community,unless they are willing to kill the internet so people would have no access to the forum or site.by then crypto will be stopped specially bitcoin and the whole community

Gumpfire

full member

Activity: 378

Merit: 111

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

Yes i truly believe the government could kill bitcoin because they are powerful that they can command to shutdown bitcoin and they are the one's who makes the law, so i hope they will never do that because we cannot do anything if bitcoin is already killed by the government.

BitHerring

member

Activity: 182

Merit: 11

With the help of the law they can. It is enough for them to issue a law prohibiting trade and any operations with bitcoin, after which all the people working in this sphere can start looking for a new job Cry

LogitechMouse

legendary

Activity: 2520

Merit: 1040

Catalog Websites

I think the government can stop it only in their country so in order to stop the bitcoin worldwide, ALL of the governments around the world should ban bitcoin in their country. This will never happen because some countries see bitcoin as a good investment and the government see that bitcoin helped their countrymen so there is no reason to ban it. Maybe some countries banned it because of certain reasons but more countries chose not to ban or stop it.

voztata

hero member

Activity: 998

Merit: 504

Quote from: ross09 on November 11, 2017, 11:46:19 AM

if the government is really that powerful maybe .just maybe . cause bitcoin only works thru internet plus we all know nowadays that theres a lot of people who knows how internet works.if they cant stop it in legal ways like make bitcoin coin illegal day can always hack all the accounts from bitcoin to atleast damage all the networks of bitcoin..

They don’t need to sit their ass down and stress themselves hacking accounts on bitcoin which is up to millions. There is already quantum computers, and they can use it to destroy every Bitcoin by simply using the addresses, and puff! Your money is gone. The government is interested in Bitcoin as for now, and they are making profit from it, so they don’t want it to end right now. If they want to end it, it will be when they realize that lots of people are losing money in it, then they will find a way to end it.

carodupuis

full member

Activity: 382

Merit: 100

Live cams shows pimped with cryptocurrency on Sexy

Quote from: Bionicgalaxy on November 11, 2017, 09:21:10 AM

Quote from: squatz1 on October 26, 2017, 09:30:27 PM

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

In my own point of view, the government could really kill or remove bitcoin in the internet because they are very powerful to command it and they are the one who makes the law that's why we cannot do anything if bitcoin had already removed. But no worries there are no reasons that bitcoin can be removed.

Bitcoin has become unstoppable now as we see previously that china want to shut it down but this only effect the price and then prices went down and sooner people gave so much popularity to this coin prices touched 7.5k value and that’s the big achievement and this show that bitcoin is not depending on any region and it cannot be stopped because its user circle is all across the world and they will not let it happen.

youdacapt

sr. member

Activity: 1862

Merit: 295

GOD is TRUE

Officially they can reduce the usage rate, but can not be really vital because bitcoins are connected to the internet so they can not be effective 100%, many people will feel threatened if the government prohibits regulations, but for the long term it will only make people more strong and finally can always find a gap, the Government will not be able to stem bitcoin until whenever.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Every government have their own opinion about bitcoin. And yes bitcoin is criminal money but if bitcoin consider as bad investation, why would Japan and South Korean's government legalize bitcoin ? Because bitcoin have their own advantage that fiat did not own.
And yes government also kill bitcoin by making forbidden policy against bitcoin usage !

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

The bitcoin doesn't depend on any government if they ban the bitcoin in their country also can't stop anyone using from it.But if the all governments ban the bitcoin at the same time then bitcoin can't able to hold on because the if everyone stopped transacting the bitcoin the value might get zero.

Topic: If the powerful governments wanted to, do you think they could stop Bitcoin? - page 10. (Read 4846 times)