Why did the government want to kill Bitcoin?

dear53

jr. member

Activity: 322

Merit: 1

It is a common question to all the single person that why many governments are wants to kill Bitcoin Huh

The answer is Bitcoin is not approved by any government and it does not Operated by government. It is the main reason that many government do not want to authorize it for their country. All government want to keep safe there people. Bitcoin is not covered by any government so people afraid about it. In my opinion there is no chance to scam Bitcoin. Bitcoin is one of the trusted currency now. It is fully safe also. Even then many government Scared of it. If Bitcoin have operated by any government I am sure then the whole world will accepting Bitcoin. I think this day is not too far. One day Bitcoin accepting all the world governments. Hope everyone has it...

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Chrisjay29

full member

Activity: 392

Merit: 103

Not all government want to kill bitcoin. There some country like japan and usa are accepting bitcoin

Bugatti73

member

Activity: 616

Merit: 10

The main reason is the fear of the ruler of the opportunity to lose control over money and also to lose access to the theft of resources.

Eleanorrussell64

newbie

Activity: 25

Merit: 0

Politicians want to destroy Bitcoin because they fear that if they open up their bitcoins to their schools, their economies will be severely affected. In countries such as China, they want to destroy bitcoins because they want to create a new crypto themselves and more complete than bitcoins.

Kinslayer292

jr. member

Activity: 210

Merit: 1

States do not like the technology of the distributed registry as a whole. This technology calls into question the existence of the state itself or its individual bodies.

Tulanpa

newbie

Activity: 98

Merit: 0

I view that government are really doing this bitcoin they derived no benefit from it. And then the no government agent benefited any thing from individual realization

tipoglobal

copper member

Activity: 52

Merit: 0

I think that it's the elucidation of blockchain. It causes bad harm to the politicians

princeyeboah

member

Activity: 714

Merit: 14

Governments are just not too comfortable with Bitcoin because they believe it is used to fund terrorism, involve in money laundering and excludes tax payment. Well, i believe the governments have ulterior motive behind this because of the decentralized nature of Bitcoin which takes the power back to the people.

xuzukami

jr. member

Activity: 182

Merit: 1

In my opinion, not the government wants to kill bitcoin, the term "kill" is interpreted as meaningless. The government wants to ban BITCOIN due to lack of information on how to adjust / control this electronic currency.
But in the future BITCOIN will be accepted as one of the reliable digital currency if Bitcoin has more specific regulations, guarantee the common interests of everyone and put under management of the government, then I think it will change in the minds of politicians. Undecided

kalashnikovski

member

Activity: 252

Merit: 10

Were accidents when could looking system transaction. If to have regulation we can to have total control. The decision will can to change opinion government

goldkingcoiner

legendary

Activity: 2030

Merit: 1643

Verified Bitcoin Hodler

Because any cryptocurrency as well as Bitcoin poses a huge risk to the Bankers. Its basically a money war for who gets what. But thats the way things have always been. All we can do is push crypto and hope for the best.

churmerpe9

newbie

Activity: 26

Merit: 0

Mainly because they want to control this as well but are unable to.

kauban2018

member

Activity: 271

Merit: 10

The government wants to kill Bitcoin it is because they consider Bitcoin as a threat to them. They find Bitcoin as a business in where they can't receive any payments from people who are joining this campaign. They want to stop Bitcoin and look for another business that can really receive and gain lot of money without knowing that Bitcoin help lots of people in where people is the government of each country.

ys fs

newbie

Activity: 234

Merit: 0

probably will have a big impact on the world economy according to the government, and therefore the possibility of governments wanting to kill bitcoin... Sad

pasti kaya

newbie

Activity: 91

Merit: 0

maybe the government has a strong reason to kill bitcoin, but for me bitcoin is currently fine. what they want to do, I don't want to interfere.

Dontme

sr. member

Activity: 798

Merit: 255

Quote from: Handsome Boy on July 20, 2018, 08:48:35 PM

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

The main is that because our government needs to upgrade everything that is related to bitcoin especially internet and technologies where they need to place funds for it that our government cannot do it so easily.

walemil

full member

Activity: 448

Merit: 100

Government may not want cryptocurrency to have its way due to selfish interest. Government seems to have seen the fiat currency as the means of fulfilling its selfish financial motives against the wish of the people. Financial crime such as money laundry and terrorism financing are also common with fiat currencies.

AllenTurner

newbie

Activity: 109

Merit: 0

Government doesn't wants to kill bitcoin government just want to take the control of bit coin in its hand and wants to run it with their own rules.

DewiKirana

full member

Activity: 378

Merit: 102

This reasoning makes sense if the government wants to kill bitcoin, but for now the government still fails to kill bitcoin. The factor of the government's failure is that it cannot control the circulation of bitcoin, so the government can only limit the movement of bitcoin users.

rawr1620

newbie

Activity: 91

Merit: 0

You already stated the reasons of the fact why governments or the banks doesn want bitcoin. The truth is others still dont know how to use bitcoin efficiently they subject to the fact that it is a decentralized currency only.

Topic: Why did the government want to kill Bitcoin? (Read 2234 times)