Topic: If the powerful governments wanted to, do you think they could stop Bitcoin? - page 5. (Read 4852 times)
January 08, 2018, 07:14:29 AM
If the government wants to really close the bitcoin, but I do not think bitcoin can ever be closed.
January 08, 2018, 07:10:56 AM
Technology is technology and it wont stop that easily even the strongest person.. is just like stoping the world of internet! Bitcoin will grow increasingly and more years to come
January 08, 2018, 07:02:48 AM
It depends on each countries government since each government have their own policy to follow. Japan government have approved it because they feel and believe that bitcoin is the future money. However, China have stopped because it needs their paper currency should exists and don't want to further think of future prospects. The decision by government should be useful for the people, like Japan did, hope other countries slowly would adapt Bitcoin. Yes, government is powerful to start or stop anything in their territory.
January 08, 2018, 04:53:14 AM
Government is very powerful and all the governments of the world combined together could influence the state of the Bitcoin very much. They couldn't probably destroy the Bitcoin but they could lower the usage of it with the law. They could bring legal orders that would forbid the usage of the Bitcoin. Every transaction can be tracked and in the end, they could see the final user which got the share of the transaction. Most powerful of agencies can track the Bitcoin way even if we are blind believing we are anonymous. The government can ruin the whole system of the decentralization but that will not happen because the powerful leaders are also using their share of the "cookie".
January 08, 2018, 04:09:33 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?
I don't think so...because many people who are the investor put thier big capital to this kind of investment.and the bitcoin is in the long run... Asa we observed.. Thier is no bad issues about bitcoin.and many unemployed people also benifinited this kind of investment as long as they have a good communication skills. They can gain money and with this issues the bitcoin are big help to the unemployed individual person..because unemployement is also the big problem to our government issues.. So it is very imposible to a strong government to stop the bitcoin..
January 08, 2018, 01:16:43 AM
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).
I agree with your opinion. Even strong government try to stop bitcoin cannot do that in 100% because I think all over the world are using bitcoin right now but not all people.
However if world government or all government will allied and try to banned or stop bitcoin maybe that time only could stop all people to use bitcoin but bitcoin is still alive.
January 07, 2018, 09:45:12 PM
Don't think the governments would put that much effort into totally destroying Bitcoin. It would have to be a major effort undertaken by almost all the governments in the world. If just a few governments allow Bitcoin to be used freely in their country, the crackdown would fail. So no, don't think the powerful governments could stop Bitcoin and crypto.
December 21, 2017, 12:55:19 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?
If all the countries will ban BTC then for example an overall BAN, people will have no choice, especially the legit ones will just sell all their coins and some miners will be forced to halt their operations BTC price will incredibly drop, it's not a matter of do you think they could stop BTC, but as we all know BTC purely relies on its supply and its users so even if there are people who are still using it in case of an overall BAN, there will be a lot of people who will sell and BTC will be again go in the dark market only.
Killing all the legal transactions is bad because no one would like to deal with a illegal currency, it may not stop the BTC completely, but it can kill its soul and the trust of people that is very important in a medium of exchange.
I think that if the government needs to kill bitcoin, and they take it seriously, they will succeed
Yup but BTC is okie as to what it is, let their focused be on other alts or how to improve cryptocurrencies mining.
December 21, 2017, 11:13:52 AM
Governments will find ways to limit, control, and perhaps eliminate Bitcoin and other crypto currencies if they want to but they failed. Bevause I believe that even big governments have the power to crush bitcoin yet they cant kill it for sure. Because the technology behind it is too powerful to be controlled so the digital currency won't disappear.. So I don't think that Bitcoin is an easy target to get down.
December 21, 2017, 09:30:15 AM
the government could kill bitcoin, they would whine to buy all the bitcoins in circulation by printing as much ticket as needed
December 21, 2017, 09:24:24 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?
are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.
The government is so powerful that they can able to control or cease everything within their grasp. They could declare martial law against bitcoin and other digital currencies in which if people will use bitcoin they will face consequences of not following the law like life imprisonment or most worst is punishable by death. With these scenario, will you still use bitcoin and be against the government?
Governments are certainly not as powerful as they want to be or want us to believe they are. We hear it now and then that some especially rogue government has been overthrown by people, so it is not like they are almighty and all that. Too strict laws against bitcoin like severe criminal prosecution or even death penalty would definitely cause the upsurge of public indignation, revolt and disconsent. This is not what most governments would ever want.
December 20, 2017, 09:10:56 PM
i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country, they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.
I agree with that, government can take decisions whether to ban it or not, ultimately the decision takers are the government. Many countries still not given green signal to BC, recently China also banned the use of bitcoin. Higher authority have all the power to regulate it once govt says no, nobody can able to stop it. December 16, 2017, 11:39:58 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?
are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.
The government is so powerful that they can able to control or cease everything within their grasp. They could declare martial law against bitcoin and other digital currencies in which if people will use bitcoin they will face consequences of not following the law like life imprisonment or most worst is punishable by death. With these scenario, will you still use bitcoin and be against the government?
December 16, 2017, 11:38:03 PM
i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country, they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.
I agree with that, government can take decisions whether to ban it or not, ultimately the decision takers are the government. Many countries still not given green signal to BC, recently China also banned the use of bitcoin. Higher authority have all the power to regulate it once govt says no, nobody can able to stop it. 
December 16, 2017, 11:15:42 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?
are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.
December 16, 2017, 11:14:43 PM
Goverment is the higher power of all transaction in every country. We the people also are belong to goverment. We have also the power of freedom of speech so when times come that goverment leaders will try to stop bitcoin with the provision of the law of goverment, we the people also have the right to argue which the good thing to do that everybody will benifited not only the people but also we can support our country contributing taxes which we earn from bitcoin business transactions. For me goverment will not stop bitcoin, instead they force bitcoin to pay taxes. When taxes applied on bitcoin the big impact is on the big adjustment of bitcoin price. Because not only the leader of bitcoin will suffer of taxes but also the people using bitcoin.n
December 16, 2017, 10:16:30 PM
Not at all cause bitcoin is still in some part anonymus, of course some of us won't invest more in it and they will just hodl this amount which they have now but for some it will be just next step to overcome barrier made by goverment.
It is also to be noted that governments follow the will of the public. A welfare state do not impose those rules on their public which are in harm for their public so if people will get prosperity with bitcoin then they will not ban it in their country but they will promote it more and more and they will legalize it just like Japan which know that it is beneficial for their people so they legalize bitcoin in their state. December 13, 2017, 08:47:28 PM
i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country, they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.
December 13, 2017, 08:08:17 PM
I also agree that they can't stop bitcoin to live so long and help people like us because we know that all people that use bitcoin really trusted this for all years it comes.
December 13, 2017, 07:38:57 PM
Did they stopped all the illegal usage of drugs or even the criminals lurking in the darkest market place? if not, then do you think they could completely stop this cryptocurrency? now that most of the people around the globe are investing, staking a lot of money with this thing?
Yeah, I'm sure governments will love to erase bitcoin from the minds of the people but they cannot do that and they understand very clearly they cannot make people to not adopt bitcoin, they have been trying to buy time but it seems they are finally realizing that is going to fail as well, so they are going to try to regulate exchanges and they are soon going to realize that is going to fail once again. Jump to: