They don't have powers to kill the bitcoin, others government are really like the cryptocurrency and hey supporting it. But sadly to say not all because they have some country are wants to see the bitcoin to dump or failed or ban it.
Government should support the bitcoin because this is the opportunity that we have and they cannot kill this even they want.
Topic: Why government Don't kill btc? - page 5. (Read 1942 times)
No government can "kill" this technology, they can only prohibit its use in certain areas. But through exchanges, People do still manage to invest in areas wherein it is not "legal" through crypto exchanges but are having a hard time to convert it into fiat.
For the most part it is true that no government could kill the technology but the major problem i see is that the mining is centralized and if there is a collaboration of nations that has the most miners and they can shut that down then we might have a problem but i am not expecting that as the financial institutions started pouring in billions and the principle behind the idea is novel and hence implementing laws around it is the best option rather than stopping it.
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Why government dont kill btc? because they cant.
Protecting? Its hard to believe yet this is fully contrary when it comes to centralizations.
Owning secretly? Of course they do have lots specially to those coins that had been confiscated on illegal sites just like what happened into those Silk road funds recently.
You know government where they do dive in opportunities which do seem that they might be fully against with it but who knows that they
do have some plans behind.
Do you really think they can just stop bitcoin? It's impossible to me. Bitcoin isn't a physical coin. If you looked me in the face, you can't tell if I know what bitcoin is. So how will they know who uses bitcoin, how will they even stop them if they discovered anyone?
He is thinking as exactly as it is and that's why he has asked that obvious question with an obvious reason. They can't shut down the entire network of bitcoin. It's requiring a lot of money to stop it, making a 51% attack is expensive so is the shutting down of it will need more money than the 51% attack. Governments can stop it through regulations and banning but that's only a lockdown through their jurisdiction but it will still keep going in different parts of the world.
Do you really think they can just stop bitcoin? It's impossible to me. Bitcoin isn't a physical coin. If you looked me in the face, you can't tell if I know what bitcoin is. So how will they know who uses bitcoin, how will they even stop them if they discovered anyone?
If only they could find the real creator of Bitcoin there might be a possibility and since Satoshi Nakamoto is nowhere to be found then stopping Bitcoin is almost to impossible. The only thing that the government could wish to eradicate Bitcoin is to stop the usage of it all over the world but that's also impossible to happen since every country has different opinions about Bitcoin.
And the worst case scenario would be a world war or chaos in every country. That for sure would stop the trading of Bitcoin because there's no internet to make a transaction.
Absolutely, since the cryptocurrency is decentralized, meaning there are no groups of people or any other organization that is taking care of this kind of digital money there is no such thing that it can be killed or stopped since the government doesn't know who creates cryptocurrency. The only thing that they can do is that they can regulate the usage or even ban it in their country but they cannot kill it by themselves. I hope there's such perfect understanding about cryptocurrency around the world that it is not a threat, instead, it is a good way of payment method and also an investment. And the worst case scenario would be a world war or chaos in every country. That for sure would stop the trading of Bitcoin because there's no internet to make a transaction.
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
I think governments have a lot of problems now (Covid-19 pandemic, economic problems, unemployment, etc.).
Bitcoin is the future. Governments understand this. How to ban bitcoin in this situation?
Banning Bitcoin will generate additional interest in it. Bitcoin is not the most anonymous and confidential cryptocurrency. If Bitcoin is banned, people may be interested in other, more anonymous coins (like Monero).
Therefore, governments have chosen a different path. They are waging war with Bitcoin through laws and regulatory restrictions.
What is Stopping?
Why government Don't kill btc?
The government have tried alot of times, but they can't kill it, how can they kill something they have no control over, bitcoin is a decentralized digital currency that doesn't depend on any government to continue working, so the government can't kill it, they can only prohibit the use of bitcoin as many countries have been doing over the years, but there's no way the government kill bitcoin totally, it's just like the dark web, the government can't shut it down up till today. Why government Don't kill btc?
Bitcoin is a decentralized currency which is not control by any country of the world. Government cannot kill bitcoin because it help the government to reduce unemployment in the country. Many citizens are using bitcoin to grow their businesses in the country. During the pandemic where other currencies where reducing in the exchange market but bitcoin keep rising which many citizens were using it to fight hardship in the country.
If only they could find the real creator of Bitcoin there might be a possibility and since Satoshi Nakamoto is nowhere to be found then stopping Bitcoin is almost to impossible. The only thing that the government could wish to eradicate Bitcoin is to stop the usage of it all over the world but that's also impossible to happen since every country has different opinions about Bitcoin.
And the worst case scenario would be a world war or chaos in every country. That for sure would stop the trading of Bitcoin because there's no internet to make a transaction.
And the worst case scenario would be a world war or chaos in every country. That for sure would stop the trading of Bitcoin because there's no internet to make a transaction.
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
I don't know that they own Bitcoin secretly or not. No government is able to stop or kill btc. If they can do so then they would do that in many years ago. Even the creator is unable to kill Bitcoin. Also They don't protecting Bitcoin. Most of the government banned btc. Because they cant trace its transaction and can't handle it also they can't get any tax from it. No government make anything legal or protect anything form where they can't get tax. Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Bitcoin is not something that can be "killed". This is not a centralized database. They have to wipe out the entire internet.
The government can ban Bitcoin but that will not kill Bitcoin.
Even by banning bitcoin, the government will suffer losses because it will prevent its business and domestic market from developing,
thus shifting innovation opportunities to other countries.
The government can ban Bitcoin but that will not kill Bitcoin.
Even by banning bitcoin, the government will suffer losses because it will prevent its business and domestic market from developing,
thus shifting innovation opportunities to other countries.
Governments doesn't have the ability to kill bitcoin. The only way to kill is through stop its entire usage. Some governments authorise the usage of bitcoin and other cryptocurrencies. Same time some oppose and try to impose ban over the usage of bitcoin and cryptocurrencies. When we've two different groups with different understanding about the cryptocurrencies it is hard to make the bitcoin go out of usage.
if there is still an internet network then BTC will not be killed, besides that I also see that not all governments prohibit BTC. every country must have its laws regarding digital currency so it is not easy to kill BTC, I am also sure that all countries must have bought BTC but they did not announce.
what is the main basis for the government to kill bitcoin?
What are the advantages to them of killing Bitcoin?
nothing can stop the growth of btc. because: first they besides secretly owning Bitcoin, they also feel helped to secure their wealth so as not to be affected by inflation like saving money in a bank account.
Second, they know that the role of bitcoin is not only as a digital asset but as an important indicator in running a business without having to bother with many people.
What are the advantages to them of killing Bitcoin?
nothing can stop the growth of btc. because: first they besides secretly owning Bitcoin, they also feel helped to secure their wealth so as not to be affected by inflation like saving money in a bank account.
Second, they know that the role of bitcoin is not only as a digital asset but as an important indicator in running a business without having to bother with many people.
the government is unlikely to kill Bitcoin, because I believe the government has recognized Bitcoin with all its technology but in my opinion the government has not been able to make regulations to fully accept Bitcoin and is still afraid Bitcoin will replace Fiat money.
Kill Bitcoin? Do you know the nature of Bitcoin? yes, that's decentralization, the meaning of decentralization is nothing to regulate,
Bitcoin is free to use, there are no restrictions, especially for government, the government can only regulate a few aspects,
from security or for investors, it will not kill bitcoin, but for strengthen bitcoin.
Bitcoin is free to use, there are no restrictions, especially for government, the government can only regulate a few aspects,
from security or for investors, it will not kill bitcoin, but for strengthen bitcoin.
No administration can slaughter bitcoins in light of the fact that Bitcoin is decentralized on the web and they are decentralized. In the event that a client is restricted in this nation, the client will be in another nation. Bitcoin liquidity at a worldwide level. The public authority can just preclude the utilization of Bitcoin as a method for installment, yet can't restrict individuals from accumulating bitcoins in light of the fact that they don't have the position to oversee or administer the bitcoin network. In nations that boycott the utilization of bitcoin, individuals are unobtrusively utilizing it for exchanges.
No government can "kill" this technology, they can only prohibit its use in certain areas. But through exchanges, People do still manage to invest in areas wherein it is not "legal" through crypto exchanges but are having a hard time to convert it into fiat.As years are passing by, more governments are allowing the use of this technology and are now aiming for centralization thru third party networks. Well, I think such development is quite good for this industry as long as third party networks are just optional and not mandatory to be used in transactions involving cryptos because there is a slight chance to do so because it is the only way Governments could imply tax on transactions.
No administration can slaughter bitcoins in light of the fact that Bitcoin is decentralized on the web and they are decentralized. In the event that a client is restricted in this nation, the client will be in another nation. Bitcoin liquidity at a worldwide level. The public authority can just preclude the utilization of Bitcoin as a method for installment, yet can't restrict individuals from accumulating bitcoins in light of the fact that they don't have the position to oversee or administer the bitcoin network. In nations that boycott the utilization of bitcoin, individuals are unobtrusively utilizing it for exchanges.
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Because they cant or maybe they are just finding ways on how to right now. Bitcoin is decentralized no one can control it. Government cant take over it or get rid of it in the internet completely all they can just do is continuously issue bans and illegal offense for those who uses it. Not even the creator himself can stop bitcoin. Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
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