Topic: Will the governments kill cryptocurrencies - page 10. (Read 7062 times)

The governments are already trying to kill cryptocurrency. The question is: will the succeed? The answer is: it is highly unlikely.

I think that they can only limit use in a particular country, no more than that, but there will always be other uses.

Over-crowding is not a crypto ban. In fact, crypto and bitcoin are thought to be outside the reach of regulations and government for many years. However, its status is still significantly affected by legal information from each region or country. It has a significant impact or it could be a trap to manipulate at a cheaper price. Right now, the news is really hungry for the value of crypto.

I don't see big impact of crypto to economy of a country. I see coins like actions of a company, so why government should care where I am investing. Better they would create an environment for adopting crypto, this could be more profitable.

I think that governments will continue to put pressure on the crypto world, but this will not greatly affect the development of crypto. Definitely the golden time for crypto is still ahead.

i dont think they will, soon after they see the potential of crypto, i dont think no one will resist the temptation. power of crypto are so much compare current financial products. Either making it decentralise or not it will depends on government doctrine. free country will choose to create centralise crypto but covered with illusion of free will. some extremist government should be no problem to force people to use the crypto they introduce even everyone knows it is only benefit the government not the people at large. At the end of the day, crypto is just another tools of trade. how to use it, good or bad are depends on human decision.

I think they fight back the crypto when the government get a big benefits on it. Some of the government in different countries banned bitcoin because they can't get any benefits , In fact they can't get any taxes from it when you sending money and paying bills.

Of course not, Governments will not be able to kill the cryptocurrency, cryptocurrency are decentralized. But for coins centralization maybe they could kill with revoking the permits.

a government will legalize cryptocurrency if it can be profitable for the government,
and it can also be illegal if it will harm the government, all of it returns to the use
of crypto if we use it wisely surely a country will legalize it for the convenience of
its citizens or the community.

For me, Big Governments Will Crush Bitcoin, But Won't Kill It

Big governments cannot tolerate Bitcoin, the digital currency that threatens to break their monopoly on printing money, and to manipulate the economy to accommodate the interests of powerful elites.

Sooner or later, they will crush it.

Once, Bitcoin was popular among the "innovators," tech savvy individuals enchanted by the process that created and distributed the exotic currency, and the promise Bitcoin held to solve the ills of a global economy dominated by big governments and powerful central banks. Like the problem of inflation, usually created by central banks to bail out heavily indebted companies and governments.

Bitcoin has soared from less than twenty dollars in 2012 to close to 4,500 last week. That’s more than a 22,400 percent gain. Recently launched Bitcoin Investment Trust Shares (GBTC) has fared even better, soaring 640 percent in less than twelve months.

Somewhere down the road, innovators were joined by "early adopters," enterprising individuals seeing big advantages in the exotic currency— a better hedge against global uncertainties than conventional hedges like gold; a convenient medium of payment worldwide; and a limited supply 21 million.


Soon, these two groups were joined by a couple of other groups. Like investors who saw cryptocurrencies as a safe haven against the ultra-accommodative policies of central bankers, and the rise of geopolitical tensions in Asia.

I think that could happen, if a country feels threatened by cryptocurrency, as often as it is often done by China when it comes to the possibility of an outflow of funds and investment from China into virtual currencies that are weakening of the yuan.

I think the government will not kill crypto, but they will support it. Because some of the government now is accepting and embracing crypto world, the blockchain and the technology. I hope that all the government will accept cryptocurrency.

The Government will not be able to kill the Cryptocurrency. It's just that the Government does not allow Cryptocurrency to use to payments sell and buy goods. Certainly, this would be contrary to government regulations. And in this case, the Government does not want to get the negative effects of Cryptocurrency. But this technology will continue to run.

No, I do not think, that governments will kill crypto. When the mass adoption will happen, there will be no other choice for governments left. But they are afraid of crypto, because of the anonymous payments and the lack of the third party.

I am sure that this will happen because it is unprofitable for them that the cryptocurrency existed because they cannot earn money on it

The cryptocurrency is not killed, it has an anonymity and the government does not know who is trading this. No one will know.

The potential is huge, first of all, in the technology that stands behind cryptocurrencies. It is much more important and useful for the world.

the government should not prohibit maybe only monitoring or cooperating and taking the positive side of the results with bitcoin instead of prohibiting from seeing the negative side of cryptocurrencies

that can be applied in the crypto friendly countries just like canadian countries and some countries in asia that consider to create a regulation framework to the cryptocurrency.
It has a lot of potential if these countries tried to make a research about that. but the main point is crypto only needs a legalization.

i don't think they will kill it at all, i think that they just want to get some benefit from it also and with time, they will find out how they will do it