Topic: If the powerful governments wanted to, do you think they could stop Bitcoin? - page 13. (Read 4846 times)
November 06, 2017, 10:50:41 AM
Yes they can if bitcoin is not good for their country.As of now bitcoin is really good in our country because we can earn here while having a good past time i think if this will continue many person in our country will be good in the conveniece that bitcoin brings but if this bitcoin is turn to scam i think government will ban in our country
November 06, 2017, 10:49:04 AM
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?
Do you think Governments could kill Bitcoin?
Maybe , if the countries are the most influential ones they can limit the use to some extent . But i don't think they can totally ban bitcoin or disappear bitcoin from the globe . Bitcoin is associated with internet if you want to ban bitcoin you will have to ban internet . There will always be some ways for some users to use bitcoin in illegal and secretive way . Moreover , not every country will support this decision .
Many countries tried to boycott bitcoin eg. China but that did not effect a bit to the users . The users who really want to operate bitcoin maybe still using it in illegal ways in their countries .
November 06, 2017, 10:43:45 AM
Well the government can do whatever they want because they have the power to ban something or make something illegal but then bitcoin is decentralize and its anonymous and the only way they can stop bitcoin is to cut the internet which is very impossible to happen. So even if bitcoin will be illegal for as long as there is internet we can still have access to it and its up to us if we want to take that risk.
November 06, 2017, 10:26:41 AM
Well Bitcoin could be stopped but Cryptocurrency as a whole is not stoppable.
November 06, 2017, 10:11:58 AM
Maybe they can stop bitcoin.But they cannot really in a way diminish it for a very long time.And there are some things that a government should do instead of ruining bitcoin.
November 06, 2017, 10:10:28 AM
Yes. If the US can invade a country just to arrest their president and persecute him outside to US territory, stopping bitcoin can merely be considered as child's play for them. Even for any country, the government needs to just implement laws and restrictions on using bitcoin and it would make a significant effect on bitcoin's market.
November 06, 2017, 08:27:54 AM
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?
It's true that powerful governments can really rempve bitcoin in the world of internet because they are the one's who are incharge. But i think the government would really make bitcoin users to pay taxes because most of bitcoin users do not pay taxes and they earn money for free. Do you think Governments could kill Bitcoin?
November 06, 2017, 07:47:30 AM
Maybe the government can.If they will impose such laws they will but the government can never eliminate it at all.
I think maybe just maybe the government can only do is just to manipulate people and regulate bitcoin. But it would be possible if all the governments or countries would have an agreement and try to arrest all the miners or the suspicious ones that has abnormal money worth then it will be the dowfall of bitcoin.
November 06, 2017, 07:24:02 AM
Maybe the government can.If they will impose such laws they will but the government can never eliminate it at all.
The government has its power to do due on its full of sources. Bitcoin is demand and popular nowadays, in the world of crypto currency and gives income to those jobless people in the society by working hard and passionate in bitcoin. Well, I dont think if the government will stop bitcoin, since bitcoin is very helpful to there nation. Also, as long as bitcoin will give enough share in the government or the government will study about bitcoin that will give good impact to there economy, its impossible to stop bitcoin. 
November 06, 2017, 06:46:27 AM
Maybe the government can.If they will impose such laws they will but the government can never eliminate it at all.
well i believe that yhe government cannot stop bitcoin because bitcoin is not only in the one country .many people arround the world used btc and it is really a powerful coin and a most precious like gold.if the government wanted to stop it maybe they cant aford yo buy it all.i believe that govetnment get money in all exchanger and converter by collecting service fee online.and if the government wanted to help thier people maybe they wont stop bitcoin because it is verry helpful it can really help the economy. 
November 06, 2017, 05:08:18 AM
Maybe the government can.If they will impose such laws they will but the government can never eliminate it at all.
November 06, 2017, 03:02:11 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.
Yes, there are lots of other that government prioritize compared to bitcoin which is just an innovation that's growing up slowly making a big change in every sector based on the acceptance. Even if governments initiate plans they can't stop bitcoin or its growth. Maybe realizing the goodness governments will use it for their needs. November 06, 2017, 02:42:25 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.
November 06, 2017, 02:15:43 AM
I see many options on how they can instantly kill Bitcoin. And I think the best possible ways are tracking down all the wallet providers and blocking them or going to all internet service providers and block all the websites and wallet related to Bitcoin. With that method it will render your Bitcoin to be useless as it will be stuck in the wallet forever, I know that it will result to millions of dollars of losses but it is the most effective way of doing it.
November 06, 2017, 02:14:38 AM
It will be impossible to kill Bitcoin even from powerful governments, we are talking about 21 million of Bitcoin , what kind of stupid government want to spend their money to buy all of it and to do nothing with it ! Either the circulation of Bitcoin help all governments by finding new jobs for jobless and reduce thé percentage of unemployement . so in my opinion governments don't want to stop Bitcoin ,it find them to resolate their problems.
November 06, 2017, 01:58:13 AM
The governments won't be able to forbid bitcoin on all earth. Because there will always be countries which will permit to use cryptocurrency in own territory. The governments will be able to complicate use of cryptocurrency, to limit a possibility of exchange of bitcoin. They will be able to block use of the Internet resources connected with cryptocurrency in own territory. But, as we know, all similar attempts to forbid turnover of illegal products and content suffer a failure. Everything that is forbidden, as a result turns into the shadow market and dark-web.
November 05, 2017, 11:06:05 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?
Do you think Governments could kill Bitcoin?
Well, Bitcoin doesn't really need much network bandwidth to have nodes running and validating transactions. Someone with a basic 3g connection from a burner phone(bought with cash) could easily get internet from their phone onto their computer and run node/wallet software(mining too if it was absolutely needed).
Governments are doing know your customer and all that because they want to track you and see what you are doing. Eventually they will automatically tax you, I am very sure of that. So if you value your privacy, don't participate in exchanges that require identity.
November 05, 2017, 10:56:12 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?
If the government wants them they can forbidden the bitcoin, many countries are choosing to tax it to make a profit. They will think twice before banning it, even though many countries have banned bitcoin. Do you think Governments could kill Bitcoin?
November 05, 2017, 10:47:41 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 this is the big worry about bitcoin if goverment bannned bitcoin ! Because goverment selfish in money ! Goverment scared about destruction of bank if bitcoin become popular so that's why we need to share this to others and let's gather to protect the bitcoin. Do you think Governments could kill Bitcoin?
November 05, 2017, 10:30:39 PM
If desired, the government could destroy Bitcoin. However, they can not ban people from using it because all account information is untrue and they will not be able to investigate the account holder. They can only adjust Bitcoin and make it more user-friendly, since they will give up Bitcoin.
Maybe Yes, a government can totally ban bitcoin if they really want to, because most of all the bitcoin is a electronics money if the government prohibit for all legal establishment that are accepting bitcoin and i think they will all follow for the benefits of their business and as a crypto currency it means all transaction is done through internet then they can ban all address that are having bitcoin involvement. Jump to: