Topic: If the powerful governments wanted to, do you think they could stop Bitcoin? - page 20. (Read 4852 times)

If the governments would be able to shut down the entirety of bitcoin's mining operation around the globe and do mass arrests of people using bitcoin, sure. But if not, then no, they cannot stop bitcoin completely. There needs to be a lot of fear-mongering to happen before bitcoin users give in. Also, laws shoupd be written intelligently so that no legal loopholes would ever exist should the governments do massive arrests.

If we summarize it all, the answer should be fairly simple: no, the governments can't stop bitcoin completely.

Of course banks and strong goverments can stop bitcoin. Nowadays most crypto users buy and sell crypto currencies officialy. So it is obvious that if you make something official somebody can stop you because he knows about your movements.

If the powerful governments around the world come to a agreement to stop bitcoin and any other crypto currency, they certainly can do it because internet can be controlled by them. However, it is the last thing they want to do. Government is mainly chosen by the people around the world where democracy exists. The main reason why we choose government so that we can have job, start a business with ease and proper infrastructure with low crime rates. But the majority of the governments miserably fails to do their job.

In such times, if their citizens can earn some income without asking for a job, that's a good news for them. Because those who have an alternate profession, a major percentage of them won't look for jobs which certainly reduce the pressure from the already worsened job market scenario. Crypto currency market has a given a lot of people an immense opportunity to earn money through it and have a decent life. So if a government bans bitcoin and any other crypto currency, a majority of the youth vote bank will turn against them. The politicians are power hungry animals and they usually love their position more than their wife. They won't let it happen.

Bitcoin is a blessing to many people who are earning some money to live a decent life. If government takes that away from them, their end will start from that very moment. 

It is no denying that China affected the bitcoin's value, but  bitcoin easily get back to its track. This only proves that bitcoin is not dependent on a powerful country but really more on the individual users. Bitcoin will only stop once people stop from using it, that may happen when most numbered bitcoin user country banned bitcoin. Let us hope that countries may see bitcoin as not a threat but an aid for development and advancement.

Even if they successfully banned bitcoin, other crypto-currencies will rise and take the lead. There is no absolute way that they could do such a thing unless they shut the internet down, thus no more use of bitcoin. Added to that, I do not think they will ban it because it has become a way of life.

Bitcoin is used as a payment method in Japan. The majority of people still do not know about bitcoin. It is still not a big threat to the government and banks. Furthermore, "Bitcoiners" will always defend bitcoin even if the world's governments are against it.

I think they have been dealing with it for the last couple of months now. Why just today? Because they are really threaten by it, however, it will take them a lot of effort to quash bitcoin and their efforts will be futile and they will totally give it up because its going nowhere and it will just cost them crazy bills. Then can try all they want but I think no one can really stop bitcoin for me. Eventhough they would buy everything, which I think is very unlikely for them to. Maybe the best thing for them to do is really is just regulate it and recognized bitcoin as a new revolutionary way of changing the landscape of world economics.

If they could kill bitcoin they may have done it before but they failed to do so, that's why at the end they have to accept this digital asset. Bitcoin popularity has increased twice and thrice during this year due to it's high demand and rising price. It is much difficult to eliminate or remove a thing which is loved by people and they don't want to loose it at any cost.

Which countries are strong ? I can say Usa , China , Russia  and if these countries want to stop Bitcoin  these countries and   their people cant use Bitcoin but it could be only these countries ,  if we are talking about  Bitcoin markets , it is not living only China or Usa or Russia and we know China had so much speculation about exchanges for Bitcoin but Bitcoin still powerful and still working . Bitcoin is big market and Bitcoin will be more powerful day by day and countries will not think to stop bitcoin .

Contrary for what mostly posted here, do you guys really  t hink that bitcoin is still unstoppable if all governments in the world will pushly killed it? Please don't jsut be optimistic.

How come exchanges will work now? How come merchants will accept bitcoin now? Do you think doing trading will be legit? Let's take the scene in reality. If all governments will pushed and decided to take down bitcoin, it will happened no matter.

Of course back to current situation, it will not happen by higher chances.

You are very right because the value and the importance for the bitcoin and the other crypto currency is increasing day by day and now almost all the people are aware of the importance of the bitcoin, big investment in now being happen for the long time in the bitcoin it has make the bitcoin worldwide currency so the power of the bitcoin is gradually increasing more and more it is not decreasing.

The governments are only all powerful if you believe them to be. Thing is there are a lot of people that are waking up to the fact that they are powerful and governments are powerless, but we were giving them the power so now we're taking it back with Bitcoin.

for as long as the government holds the power, they can stop anything as long as legality is concern.  In the constitution, it all states there. the power to tax, eminent domain.  as far as there is threat within the states, they can do anything.

Why buy all the coins? It seems to me that if enough bitcoin to unite against the US and China. We miss the ability to buy all the necessary things directly with bitcoins. Without this bitcoin is not a currency and through the process of sharing it on the Fiat, we become defenseless against the government.

None of the above can happen btc network works because of mining and it is spread out across the world stopping every single miner is impossible. Getting accepted is also not possible because of btc not having any legal entity.

What you are saying doesn't make any sense if we won't be able to withdraw our funds to fiat what's the use of holding btc , why would people even accept it the only reason it is so famous today is because of it's value and it is also a liquid asset if that goes it will have no purpose.

You dumb if something like this will happen the government will have to spend billions and let me remind you the only way government makes money is from tax or other fees charged if they use it just buy btc they are wasting people's funds and don't forget there are thousands of alts still out there.

Do you thing government really cares if people are rich or poor they simply see btc as something which is cutting their revenue and giving more freedom and power to public. This is not a fairly tale world we live in a place where governments don't give a damn about people.

I think that my country want to kill bitcoin because the manager bank of my country banned people in the country to join bitcoin I'm positive think and I'm respect my country, although I 'm lose out many coin  

I don't think government can stop bitcoin. they cannot control bitcoin, how could they kill it? they might be able to ban it in their country as like china do so, but they cannot ban bitcoin in other countries as well or even the whole world. if they wanna do so, they have to buy all bitcoins until all bitcoin users do not have any bitcoin anymore. so there will not anybody who will do transaction dealing with bitcoin. and it will slowly disappear.

IT might be true that they cannot stop the bitcoin completely, but if some of the major ones do take some serious actions that would ahve a great impact on it, say for exemple china if thye ban it than the price will fall down since they have a great cut of the total of bitcoin users, and investors and major companies will stop investing in bitcoin because they don't want to risk their bussines, another way that they could stop it is by taxing it, it may not have a major impact but it would defently cause the prices to go down a lot.

They cant really stop bitcoin completely.I agree on the thing you do say they might able to slow down the progress or adoption but not completely to stop it no matter how powerful they are.Accepting the fact that not all countries would really have the same view into bitcoin.They might see negative things on most of them but there are countries would really able to see the usage of it and wouldnt tend to ban it but rather legalize it.If you would able to see on the things that they are doing now even on China.They fail to do such thing.

A big yes because if they really want to they can declare an all out war on bitcoin and impose a law that prohibiting to engage in bitcoin that anyone will be caught will be dealt accordingly and punishable of death. Do you think you can still continue to engage in bitcoin specially that if your life will be a concern? I think not therefore government can stop bitcoin but with a brute force.

Imo they can't stop bitcoin and most of all they can't kill it. For example, let's compare btc to drugs(just exampe), no matter how powerful a country is, still they cant stop drug trade and so is btc which isn't illegal. They could just slow us down in achieving a higher price if they will try do it.