If the powerful governments wanted to, do you think they could stop Bitcoin? - page 11.

Omega Weapon

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Quote from: djgtr on November 10, 2017, 09:56:49 PM

Quote from: Omega Weapon on November 10, 2017, 08:18:56 PM

Quote from: KingdomHearts on November 06, 2017, 02:07:47 PM

Quote from: kaya11 on November 01, 2017, 07:24:06 AM

No mate. Most of the government are in Federal and democratic state. The people holds the power not he leaders. China is different, the people wont be able to do nothing when prime ministers adresses to ban the BTC. But as we see nand experience, bitcoin adopters counts are vast day by day. So bitcoin can never be stopped.

That is just where it gets interesting. We all have the right to use whatever we please. I can decide to pay you with my new pair of sneakers if you accept isn't it? That is just the way it is! Worst government could do would be to ban exchanges in the country, but would that stop anyone from exchanging what they have if they deem it fit as a better form of exchange ? No!

We are always suppose to be in power and then we voted these guys and they turned us to slaves. Now, we are taking that power back and it is the strength of the community and that fact that has made bitcoin to be what it is today.

This is what they are the most afraid, bitcoin is a way to free people from them it does not matter what laws they pass bitcoin is able to ignore them since they have no direct control of it the same way they have complete control of their fiat, in fact the money that is in your pocket never belongs to you that is why they can take it, but bitcoin belongs to you and to no one else.

well i believe that the government would nothing to do with btc.because if a simple problem such as cyber bullying and human trafficking an abuse of the use of social media on internet they cant solve. so then i believe they cant also stop bitcoin even if they wanted to stop it.they maybe solve first the crime on internet than bitcoin because bitcoin is a verry helpful asset than anything.

The difference with those issues is that bitcoin puts their fate at risk, if bitcoin becomes as powerful as we think it can get then governments in their current form will need to stop existing, it is going to be impossible to maintain the huge governments we have now, and that is something they hate, most people employed in the government are overpaid in my country and in most countries too, once they face the private sector they realize how little they are going to be paid so you can be sure that everyone related to the government will fight for what they consider to be their rights.

ross09

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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..

Rollex

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Quote from: squatz1 on October 26, 2017, 08:30:27 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?

Even though the strong governance of the government of a certain country can totally make bitcoin to be shut down on their country, they could not still do it because the concern of its citizens or people is also a must have before deciding or issuing a mandatory decision to put out bitcoin on their lives. Because if the government will just do what they just wanted to do without consulting the opiniom of the people especially those who benefits with bitcoin usage, it will surely or totally cause a massive rebellion that might cause a big war against the government. As long as bitcoin is not being a bad influence on the people I think government will just have to make bitcoin stand into where it is placed.

cherrymobile

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Quote from: squatz1 on October 26, 2017, 08:30:27 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 ! No one can stop bitcoin even you are a goverment just remember this ! People is much more power than goverment becuase goverment is only a people thay have a noob mind goverment is so scared about crypto because they know that they did not get a money from bitcoin!

Deathgamer

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I dont think that powerful government can stop bitcoin and I am hoping that they canr stop bitcoin because bitcoin helps alot of people that has no source of income rather than the government.Their are alot of unemployed but goverment do nothing but thanks to bitcoin because it is really a big help so I believe that powerful government cant stop bitcoin.

White Christmas

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Quote from: squatz1 on October 26, 2017, 08:30:27 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 there is a possibility that government can ban bitcoin to a certain country if they want to. They have the access to the internet thats why they can ban what they want or even kill bitcoin. But there are some countries in the world that legalize bitcoin in their own country and can use to pay in any transactions. It depends to the government of a certain country.

Unilevear

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I don't think they can. I mean, we know that they had been trying for years to somewhat have a control over bitcoin but with no luck, they can't. Bitcoin is made that way so that we can no longer be in control by the government. Every transactions were making are always being monitored by the bank and the government if we are using real money but with bitcoin, they can't and that is the beauty of it.

Bionicgalaxy

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Quote from: squatz1 on October 26, 2017, 08:30:27 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.

barbara44

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Quote from: hisuka on November 06, 2017, 01:42:25 AM

I don't think government would do to stop bitcoin and they would spend a lot of money because of bitcoin. I beleive there are a lot of things should have taken priority by the government. There many things to considered before it will happen, thus its impossible.

I can hardly find any person living on this earth or any government who can actually stop bitcoin. it is because of the reason that bitcoin is decentralized in nature which actually means that there is no one out of us who can actually control bitcoin.

This quality of bitcoin is making bitcoin very much independent in nature and due to which, bitcoin is having no fear of being stopped by anyone.

Eureka_07

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Quote from: squatz1 on October 26, 2017, 08:30:27 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 they can't kill bitcoin not really to the point that they would build an alliance just to kill bitcoin but they can still make a move on how to stop bitcoin for a while. There are many people who become successful because of bitcoin so that means there are many people who would fought against government if they would try to bring bitcoin down. I know they can't stop bitcoin from being the new currency in the future.

Edrian

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I think the government has the ability to remove bitcoin. One thing I can see is when they make a law that prohibits bitcoin and by using bitcoin you will get punished. I think many people will stop using bitcoin because they are afraid on their government. This can be stopped by the government but many will still continue using bitcoin. Another thing is if the government block all bitcoin wallets here in our country and make a law that no banks are allowed to accept bitcoin it will give a hard time to those who have bitcoin because they cannot convert it into a real money. But still, I don't see any reasons why the government will going ban bitcoin, especially in our country.

galvan jean

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Quote from: hatshepsut93 on October 26, 2017, 09:12:59 PM

They couldn't kill it completely, but they can prevent mass adoption by simply outlawing it. Most people wouldn't risk getting fined or imprisoned just to use an alternative payment system, so Bitcoin community wouldn't be able to grow to any significant size. And the second problem is mining - right now it's relatively centralized and draws huge amounts of electricity - together it makes it easy to shut it down. Without mining Bitcoin's price can't freely grow, because mining protects the network from double-spending attacks, so when hashrate is low the network becomes less secure, meaning it's cheaper to attack it, so it can't sustain above certain amounts of value.

they state governments can not completely sabotage bitcoin, bitcoin will always be in a row, if any country is sabotaging bitcoin maybe its country does not want to be a developed and developing country because now is the age of its digital currency and saves the production of paper money.

marcbitcoins

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Quote from: squatz1 on October 26, 2017, 08:30:27 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! that is very easy. Government will just declare martial rule vs bitcoin that anyone will engage in digital currencies will be shoot to kill or a lifetime imprisonment. So what will you do? are you going to abide the rule of law because afraid of the consequences or will just be against the law and be ready of whatever will happen? Luckily this will apply only to the nations that don't have freedom but only to obey the law, but if you are in the land of the free then we should enjoy it. Wink

ultraminer11

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Quote from: imamimam1234 on November 11, 2017, 12:03:18 AM

Yes, if they think bitcoin out of control and people started to do criminal things and harm national security because of bitcoin, but as long as the uses of bitcoin do have positive side, it's strange to them to stop it. CMIIW

I feel that it is difficult for them to do so. Even if countries like China tries to ban Bitcoin in their own country, they cant exactly do so to the whole world, and there will always be a use for Bitcoin somewhere else.

Bitcoin is still gaining popularity, and its community is growing, so unless all the governments team up and say NO to BTC, it would not happen (I hope).
Citizens > Government, and we need to believe this as well.but its better to legalize btc.for economies of different countries.

carriebee

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Quote from: Daimon88 on November 11, 2017, 02:46:03 AM

Quote from: hisuka on November 06, 2017, 01:42:25 AM

I don't think government would do to stop bitcoin and they would spend a lot of money because of bitcoin. I beleive there are a lot of things should have taken priority by the government. There many things to considered before it will happen, thus its impossible.

For any other reason they may ban bitcoin, but knowing the percentages of profits bitcoin is making now a days and the economical war that would be starting in near future, when all these things combine, bitcoin is claimed as illegal but they can’t make it to end. They actually can’t, tell the time when there are computers and internet on this planet earth, I think bitcoins will be there.

There is always a possibility that government may banning bitcoin but if we can notice nowadays bitcoin spreading its advantages wordlwide. Even business have a high chance in using btc atleast to have earnings. However, I have no seeing any reasons for banning bitcoin.

Daimon88

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Quote from: hisuka on November 06, 2017, 01:42:25 AM

I don't think government would do to stop bitcoin and they would spend a lot of money because of bitcoin. I beleive there are a lot of things should have taken priority by the government. There many things to considered before it will happen, thus its impossible.

For any other reason they may ban bitcoin, but knowing the percentages of profits bitcoin is making now a days and the economical war that would be starting in near future, when all these things combine, bitcoin is claimed as illegal but they can’t make it to end. They actually can’t, tell the time when there are computers and internet on this planet earth, I think bitcoins will be there.

imamimam1234

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The Winner Stands Alone

Yes, if they think bitcoin out of control and people started to do criminal things and harm national security because of bitcoin, but as long as the uses of bitcoin do have positive side, it's strange to them to stop it. CMIIW

Wilfrer

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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

djgtr

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Quote from: Omega Weapon on November 10, 2017, 08:18:56 PM

Quote from: KingdomHearts on November 06, 2017, 02:07:47 PM

Quote from: kaya11 on November 01, 2017, 07:24:06 AM

No mate. Most of the government are in Federal and democratic state. The people holds the power not he leaders. China is different, the people wont be able to do nothing when prime ministers adresses to ban the BTC. But as we see nand experience, bitcoin adopters counts are vast day by day. So bitcoin can never be stopped.

That is just where it gets interesting. We all have the right to use whatever we please. I can decide to pay you with my new pair of sneakers if you accept isn't it? That is just the way it is! Worst government could do would be to ban exchanges in the country, but would that stop anyone from exchanging what they have if they deem it fit as a better form of exchange ? No!

We are always suppose to be in power and then we voted these guys and they turned us to slaves. Now, we are taking that power back and it is the strength of the community and that fact that has made bitcoin to be what it is today.

This is what they are the most afraid, bitcoin is a way to free people from them it does not matter what laws they pass bitcoin is able to ignore them since they have no direct control of it the same way they have complete control of their fiat, in fact the money that is in your pocket never belongs to you that is why they can take it, but bitcoin belongs to you and to no one else.

well i believe that the government would nothing to do with btc.because if a simple problem such as cyber bullying and human trafficking an abuse of the use of social media on internet they cant solve. so then i believe they cant also stop bitcoin even if they wanted to stop it.they maybe solve first the crime on internet than bitcoin because bitcoin is a verry helpful asset than anything.

Omega Weapon

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Activity: 1092

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Quote from: KingdomHearts on November 06, 2017, 02:07:47 PM

Quote from: kaya11 on November 01, 2017, 07:24:06 AM

No mate. Most of the government are in Federal and democratic state. The people holds the power not he leaders. China is different, the people wont be able to do nothing when prime ministers adresses to ban the BTC. But as we see nand experience, bitcoin adopters counts are vast day by day. So bitcoin can never be stopped.

That is just where it gets interesting. We all have the right to use whatever we please. I can decide to pay you with my new pair of sneakers if you accept isn't it? That is just the way it is! Worst government could do would be to ban exchanges in the country, but would that stop anyone from exchanging what they have if they deem it fit as a better form of exchange ? No!

We are always suppose to be in power and then we voted these guys and they turned us to slaves. Now, we are taking that power back and it is the strength of the community and that fact that has made bitcoin to be what it is today.

This is what they are the most afraid, bitcoin is a way to free people from them it does not matter what laws they pass bitcoin is able to ignore them since they have no direct control of it the same way they have complete control of their fiat, in fact the money that is in your pocket never belongs to you that is why they can take it, but bitcoin belongs to you and to no one else.

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