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Author Topic: Can the government destroy bitcoin?  (Read 45943 times)

Offline mimikri

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Re: Can the government destroy bitcoin?
« Reply #120 on: May 21, 2019, 03:53:28 PM »
Governments would find it difficult,perhaps even impossible,to eliminate bitcoin . But a committed government would have little trouble making bitcoin sufficiently unattractive for most users, significantly limiting bitcoin’s potential network size.

In reality, Bitcoin cannot be a threat to governments. They understand it too, and I do not think that they will try to destroy crypto.
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Re: Can the government destroy bitcoin?
« Reply #120 on: May 21, 2019, 03:53:28 PM »

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Offline bxipp

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Re: Can the government destroy bitcoin?
« Reply #121 on: May 23, 2019, 05:18:39 AM »
in reality the can do destroy bitcoin in price but they cannot destroy bitcoin blockchain. they can limits the peoples who used it but they cannot banned peoples from using it. its hard but still they drop bitcoin price for real.

Offline Meysa123

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Re: Can the government destroy bitcoin?
« Reply #122 on: May 24, 2019, 06:22:23 PM »
maybe in other countries .. there are some countries banned bitcoin but i think they cannot destroy it .. bitcoins can help you become rich in the near future . then if government stops this then they're like destroying the dreams of many people
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Offline sampoerna

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Re: Can the government destroy bitcoin?
« Reply #123 on: June 11, 2019, 11:42:02 PM »
maybe in other countries .. there are some countries banned bitcoin but i think they cannot destroy it ..

Yeah, it is the fact that in some countries, Bitcoin is still not accepted. But it is likely not to stop or destroyed by the governments. They just need time to understand and know more about Bitcoin. Then they will gradually accept Bitcoin when the governments know the advantages.

Offline marcsymons

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Re: Can the government destroy bitcoin?
« Reply #124 on: June 12, 2019, 03:28:24 AM »
Some countries are banning bitcoins, there's a rumor that some country will follow this too. can the government stop bitcoin?
what do you think guys.

Yes! A certain  can stop Bitcoin and declared it an illegal to use specially if they are blind to see the benefits of adapting this investment. Some countries may think that Bitcoin is a threat to their people or some was due to strong patriotism that they will not depend on any foreign exposure.


Offline Seerge

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Re: Can the government destroy bitcoin?
« Reply #126 on: June 12, 2019, 05:33:40 PM »
The state has full power over its people, but they cannot prevent all of its people from playing Bitcoin. Although the government forbids its people to carry out any activities related to Bitcoin, they will not be able to monitor one by one.  People will always be looking for ways to stay in Bitcoin, because as long as there is still internet access, the people will still be free to play Bitcoin, and Bitcoin will never die.

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Re: Can the government destroy bitcoin?
« Reply #126 on: June 12, 2019, 05:33:40 PM »


Offline vegasus

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Re: Can the government destroy bitcoin?
« Reply #127 on: June 13, 2019, 09:08:05 AM »
if I think it will also be difficult, the government will destroy bitcoin, because there is also a lot of bitcoin that is used and also very popular around the world, so I think it will also be difficult now

The point is not on its popularity or the number of Bitcoin but the Bitcoin holders spreading out around the world. Every government has its own regulation, some agree with Bitcoin existence while others may not accept it. So, as long as not all governments in the world refuse Bitcoin, it can always continue to survive.

Offline mlawson71

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Re: Can the government destroy bitcoin?
« Reply #128 on: June 13, 2019, 03:29:24 PM »
I agree. And even if governments ban bitcoin I doubt it will disappear. Is that not what happened in China?

Offline Nanagyasi

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Re: Can the government destroy bitcoin?
« Reply #129 on: June 14, 2019, 01:08:11 AM »
Some other countries have also legalised crypto. We may not get all governments to see what we see in crypto and certainly not all will also be against it. If you ban it in your country, it doesn't even stop the citizens from engaging in crypto

Offline Watu_pawon

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Re: Can the government destroy bitcoin?
« Reply #130 on: June 19, 2019, 12:08:50 AM »
I think that destroying bitcoin is very difficult, because we know for ourselves that bitcoin does not need a third party and bitcoin is very decentralized, and we also know that not all countries hate bitcoin.

Offline Confero

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Re: Can the government destroy bitcoin?
« Reply #131 on: June 19, 2019, 01:49:38 AM »
The government has the power and power to regulate the country, but not for Bitcoin.  But what will be the government's decision on Bitcoin will certainly have an impact on the development of Bitcoin in the country. For example, if the government prohibits its people from playing Bitcoin, it will even doubt that Bitcoin will develop in that country.  However, Bitcoin won't be destroyed that easily.  Many factors can influence the development of Bitcoin, one of which is government intervention.

Offline Domithra

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Re: Can the government destroy bitcoin?
« Reply #132 on: June 19, 2019, 04:31:11 AM »
The governments cannot stop Bitcoin because Bitcoin is not centralized. No central authoritative body is in total control over Bitcoin and its related activities. This is what makes the usage of Bitcoin a unique one - it takes that power from the governments and give it back to the people.
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Offline zilzylian

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Re: Can the government destroy bitcoin?
« Reply #133 on: June 19, 2019, 04:39:30 AM »
Some countries are banning bitcoins, there's a rumor that some country will follow this too. can the government stop bitcoin?
what do you think guys.

I think if the state and the government are given the trust to manage Bitcoin, they will definitely accept it.
This is very strange when everyone accepts the existence of Bitcoin, the government does not want to support this because they have other plans and want to make altcoins from each country  : ::)

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Re: Can the government destroy bitcoin?
« Reply #134 on: June 19, 2019, 05:59:51 AM »
of course they can do everything for the BTC and cryptocurrency as a whole did not grow up. For example, they can come up with all sorts of laws that will restrict the purchase of BTC in BTC ATMs. Will come up with restrictions that prohibit paying for any purchases in cryptocurrency. But as they see they do not do this. and this is a good signal

 

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