Why government Don't kill btc? - page 7.

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Quote from: yhiaali3 on September 18, 2020, 09:16:10 PM

I don't think the government is capable of killing Bitcoin and nobody else even Satoshi himself, Bitcoin was born so that it is out of control, I think the only way to kill Bitcoin is to stop all mining and Nodes around the world.
As for your saying that governments buy bitcoin in secret, this is for sure. I heard that the US government is keeping the largest amount of Bitcoin in the world secret.

Bitcoin without get allowing from government is hard to get positive respond from many people, they will afraid for using bitcoin without get law from government because when have fraud investment they don't have law for report with bitcoin or altcoin with scam project. When get permission from government to allow using bitcoin maybe many people will glad for investing with bitcoin and easy to promote bitcoin for many company and accepted as legal payment currency for the future.

romeojasmin13

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The government is going neither kill Bitcoin, nor protect it. Bitcoin is decentralized and uncontrolled, that's why none government is able to stop it.

yhiaali3

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I don't think the government is capable of killing Bitcoin and nobody else even Satoshi himself, Bitcoin was born so that it is out of control, I think the only way to kill Bitcoin is to stop all mining and Nodes around the world.
As for your saying that governments buy bitcoin in secret, this is for sure. I heard that the US government is keeping the largest amount of Bitcoin in the world secret.

Serious475

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The government does not have rights to kill the bitcoin because this is decentralized but still they are authorized to support or banned this kind of payment.

Many country are already banned the use of the bitcoin but still some of their people want to use.

In my country they are accepting and supporting the use of the bitcoin also they created a centralized exchange like the others have too and by this they can easily monitor the transactions also they limit the amount of having a transaction monthly not quite bad if you are just a small investor.

Also if we are trying to look at the future bitcoin is one of the most efficient payment method less hassle of making transactions. So there is a chance they will accept and support this soon.

FlightyPouch

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Quote from: BitcoinHunt3r on September 18, 2020, 01:42:00 PM

what government do maybe only make regulation in their country to make people not use bitcoin. But to kill BTC, i think it will be hard since it is a technology and maybe will need to shut down the internet to make people not use it anymore.

I don't think they need to "shut down" the internet since they can't just do that. Most of the jobs right now needed the accessibility on the internet and restricting that for one reason is just absurd. They have bigger problems than bitcoin and other crypto currencies especially now that we are in a pandemic. It is not that they don't want to or can't it is just that they don't care.

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

They can kill bitcoin by only banning it to use in their countries. But stopping the entire ecosystem of bitcoin? I think they cannot make it even Satoshi Nakamoto if he returned back, he can`t control bitcoin anymore. Since bitcoin is an open-source and decentralized, no one can control it. Maybe, adoption of bitcoin is widely become the trend and they don`t want anymore to stop this because right now, we are in a digital era wherein we can pay, transfer and send or receive money all over the world using crypto or bitcoin.

crzy

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

Bitcoin is all over the world so technically they can’t kill bitcoin and since bitcoin keeps on growing, they saw a big potential with this technology and I’m sure they are holding bitcoin secretly. If every government show their support with bitcoin, then that’s the time we will reach the moon. They are not protecting bitcoin literally, but they are not doing anything bad with bitcoin because this is next to gold.

Viscore

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Well, I'd supposed not think that the government will like to stop Bitcoin or cryptocurrency in general but instead of seeing them to support this technology. They are looking at the benefits of the crowd and not just brag by their own interest which makes them not stop bitcoin but instead of letting it be used by the people around and seeing this having a key role in future events.

Shasha80

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It's not that easy for the government to kill Bitcoin, because as long as there is supply and demand Bitcoin will always exist.
And it's not easy to shut down the Bitcoin network and system too, but I'm sure the government won't kill Bitcoin. Because
what the government really wants is to control Bitcoin, not to kill Bitcoin. Because the government must have realized that
Bitcoin has indeed brought many positive benefits to the world economy. So the government is definitely trying to get benefits
from Bitcoin.

ReiMomo

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

No one can stop bitcoin if there is someone who will use it even it is prohibited on their place and no one protecting bitcoin. It is protected by itself and no one was in control behind this digital asset. Government and cryptocurrency are totally opposite because they dont like this and there is no reason of protecting our government.

Anyone can own bitcoin but understand first the characteristics on it.

kayvie

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

The only reason is that they can't. Even if they prohibit their citizens from using bitcoin, there are a lot of ways to continue using it, it is not controlled by anyone or any company that's why they can't kill BTC.
They don't actually protect it but more like they don't give enough attention to it due to other problems they need to face inside their country.

BitcoinHunt3r

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what government do maybe only make regulation in their country to make people not use bitcoin. But to kill BTC, i think it will be hard since it is a technology and maybe will need to shut down the internet to make people not use it anymore.

seoincorporation

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Thay can just kill bitcoin because bitcoin is decentralized, that means an individual, an organization or a gov can't kill it. The only way to do this is if all of us just stop using it. But if a government makes it illegal that means the other countries should be able to use it.

If all govs makes it illegat then it will become illegal but that doesn't mean people will stop using it, it will be like drug dealing.

So the answer is, govs don't kill bitcoin because they cant.

pokeronlinestatus

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

Mate, I don’t know if the government owns a bit of Bitcoin, but I can tell that there was a time the government was strongly against Bitcoin and people holding it felt threatened in so many places around the world.

But, this time around it’s become legal in so many places. And I can tell you for sure that the government will never be able to stop Bitcoin because they can’t do that, they can’t stop it since there is no particular control for Bitcoin where they can just go to and shot it down, they can’t do that. That’s why you’re being told that Bitcoin is decentralized, and that decentralization is the power.

AakZaki

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Bitcoin is a system that is not centralized and is not controlled by anyone, so even the government will not be able to eliminate it.

There is no real reason to get rid of bitcoin. Because Bitcoin and blockchain technology are future payment systems that will be very useful and can be developed even better.

Several governments on this earth approve of the existence of bitcoin and begin to legalize it, although some governments still have not provided full regulations on the use of bitcoin.

Bitcoin and technology is a future that must be defended.

LUCKMCFLY

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

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

The reason why the government does not kill it is because it cannot, it has to compete with a very large sum of money, they also know very well that in countries with high inflation they do not support the supply of it, and this causes debt, which, is convenient for countries like the USA that have a hegemony of the growing dollar.

The countries most interested in ending Bitcoin are the inflationary ones, because they see them as money laundering and loss of liquidity, they become potential enemies, that is why they are assuming the economic technology of bitcoin as possible to collect taxes and can be somewhat legalized, of course, today there are many ways to bypass these options and protect anonymity.

In the article they emphasize Venezuela, whose author is Latin and is in Spanish:

Quote

Barring honorable exceptions like the ones we've seen in Venezuela and Caribbean islands or with Bulgarian funds in BTC, Bitcoin is designed to be an enemy to governments.

Source: https://es.cointelegraph.com/news/the-weapon-of-governments-against-bitcoin

Gold is the safe haven by nature, and hence is the security of countries with stable economies so that they can withstand some economic crises, since they affirm that they are backed in gold, this according to some reports from the FED, which, today days have been much questioned, as the printing of cash will at some point cause some inflation.

Axelseseclevz

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If government can kill bitcoin maybe they already killed it before it become popular. Remember that bitcoin is Decentralized digital currency which government has no control on it. They don't have even a single authority to control it that's why until now they can't kill bitcoin. Who knows, Government are also investors of bitcoin.It is possible ,right?

Pito001

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Govs cant kill btc because of its decentralization. And looks like that they dont want to just ban it too. Maybe they don't think that btc could be dangerous for them

AicecreaME

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Government doesn't have the power to kill Bitcoin. In fact, they want to put tax on it and control it, but they can't. They also want to destroy Bitcoin image to people but they can't fool us all. The Government don't want anything but bad to Bitcoin, especially those corrupt politicians. Thankfully, Satoshi Nakamoto made it decentralized so it will live peacefully and untouchable by those Government's dirty hands.

Sirait

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Quote from: Polo7 on September 16, 2020, 05:27:38 PM

What is Stopping?

Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?

= Stopping is Dead or without any trading activity at all.

= the government doesn't want to kill Bitcoin but they can't.
= the government has never protected Bitcoin. because it can't do anything to Bitcoin so the government just lets it go.
= own Bitcoin! I'm not really sure, but it's possible that some do have it secretly.

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