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Author Topic: Can the government destroy bitcoin?  (Read 46116 times)

Offline Falcon

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Re: Can the government destroy bitcoin?
« Reply #240 on: December 09, 2020, 12:04:06 PM »
No country government can destroy Bitcoin. Bitcoin has become a very popular currency around the world. The government of any country cannot suppress bitcoin if it wants to. But governments can come to a conclusion. They can plan how to tax Bitcoin.

The government cannot destroy Bitcoin so they will create a way to take advantage the opportunity to use their power over Bitcoin users. Tax is the absolute way to enter Bitcoin world in a friendly approach. If course Bitcoin users will follow the law given by the government for better result and good partnership.

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Re: Can the government destroy bitcoin?
« Reply #240 on: December 09, 2020, 12:04:06 PM »

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Offline Magepai

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Re: Can the government destroy bitcoin?
« Reply #241 on: December 09, 2020, 12:09:06 PM »
We know that Bitcoin is legalized in only a few countries, but the government has not yet legalized Bitcoin in all other countries.  Even then, it is seen that Bitcoin is being used in many countries despite the fact that Bitcoin is not legal.  Then I think digital currency is definitely needed to develop a country.  In fact, I believe that no one will ever be able to finish Bitcoin.
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Offline Sumaiya2

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Re: Can the government destroy bitcoin?
« Reply #242 on: December 09, 2020, 05:03:47 PM »
Bitcoin prices have risen sharply due to the government's support for Bitcoin. Another reason for the rise in Bitcoin prices is the change of government.  Recorded the highest this time.
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Offline Power

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Re: Can the government destroy bitcoin?
« Reply #243 on: December 09, 2020, 08:25:55 PM »
In my opinion, the government cannot destroy bitcoin as long as no global agreement to ban bitcoin around the world. Not all countries ban the bitcoin, some of them accept it very well. It indicates the bitcoin supported by several countries in the world.

It is right. I believe with this perspective also. Government can't destroy the World of crypto especially  a lots of Government officials is involve in CRYPTOCURRENCY
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Offline tamango

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Re: Can the government destroy bitcoin?
« Reply #244 on: December 10, 2020, 12:00:45 AM »
I think the governments of the countries are not against Bitcoin and they also see many advantages in using it, only now it is necessary to do it in such a way that it does not harm the government! Bitcoin will be accepted as a payment currency in many countries very soon!
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Offline Emircan

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Re: Can the government destroy bitcoin?
« Reply #245 on: December 10, 2020, 07:00:00 AM »
If the 2nd party does not allow us to transact, then we transact with the 3rd party everything goes in there
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Re: Can the government destroy bitcoin?
« Reply #246 on: December 11, 2020, 06:08:18 PM »
Nothing can be done with Bitcoin. If the government starts buying it for itself. Then the price of Bitcoin will rise. If you sell it, then ordinary people will buy it cheap. Most investors have faith in Bitcoin because no one can control It. Only free market relations.

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Re: Can the government destroy bitcoin?
« Reply #246 on: December 11, 2020, 06:08:18 PM »


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Re: Can the government destroy bitcoin?
« Reply #247 on: December 11, 2020, 10:29:37 PM »
No country government can destroy Bitcoin. Bitcoin has become a very popular currency around the world. The government of any country cannot suppress bitcoin if it wants to. But governments can come to a conclusion. They can plan how to tax Bitcoin.

The government cannot destroy Bitcoin so they will create a way to take advantage the opportunity to use their power over Bitcoin users. Tax is the absolute way to enter Bitcoin world in a friendly approach. If course Bitcoin users will follow the law given by the government for better result and good partnership.
Now some states are raising the issue of cryptocurrency regulation at the next G7 summit.  At the same time, it is proposed to prohibit citizens from having cryptocurrency wallets.  In fact, this will mean the prohibition of cryptocurrency.  This topic is discussed on the bitcoinstalks forum.  If this happens, which I doubt, then we can really see if states can destroy bitcoin.

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