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Author Topic: Can the government destroy bitcoin?  (Read 45972 times)

Offline Cordillerabit

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Can the government destroy bitcoin?
« on: November 27, 2017, 03:54:17 PM »
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.

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Can the government destroy bitcoin?
« on: November 27, 2017, 03:54:17 PM »

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Offline dianepot

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Re: Can the government destroy bitcoin?
« Reply #1 on: November 30, 2017, 02:24:40 AM »
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

Offline harhor

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Re: Can the government destroy bitcoin?
« Reply #2 on: November 30, 2017, 04:27:51 AM »
I think exactly opposite will happen.

Offline Chrisjay29

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Re: Can the government destroy bitcoin?
« Reply #3 on: November 30, 2017, 08:29:25 AM »
   Maybe other countries didnt axxept bitcoin but they cant destroy it... because not all country hatee bitcoin many country love it... for the reason it help improving economy

Offline The Translator

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Re: Can the government destroy bitcoin?
« Reply #4 on: September 06, 2018, 09:02:13 AM »
The government can do anything. They are strong and are often a threat to the crypto world. But we don't need to worry about that, generally some countries prohibit crypto trading for transactions only. They cannot accept crypto as payment. But they are not openly opposed, such as blocking sites or turning off crypto exchanges in their country.

Offline mamun777

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Re: Can the government destroy bitcoin?
« Reply #5 on: November 09, 2018, 02:24:23 PM »
What kind of destruction are we talking about here? As for complete shutdown of bitcoin in a country, no, it simply cannot happen. Legal trades and the likes might face these kind of bans but the overall usage of bitcoin in a country would still be operation since there isn't a central server or node that can issue a blacklist on all IP addresses belonging to a certain country. So yeah, you may not be able to send and receive money that came from bitcoin in a legal and allowed way however you can still do P2P trading if such a scenario ever happened to your country.

Offline kamal420

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Re: Can the government destroy bitcoin?
« Reply #6 on: November 09, 2018, 02:31:03 PM »
Some countries are boycotting bitcoins for the time being. I don't think they want to destroy bitcoins. Their boycott is just to suppress the development of bitcoin, because they worry that bitcoin will replace the functions of many industries, which will reduce their control of these industries. Like banking, there are many functions that can be replaced by encrypted currencies.
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Re: Can the government destroy bitcoin?
« Reply #6 on: November 09, 2018, 02:31:03 PM »


Offline yousufatik20

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Re: Can the government destroy bitcoin?
« Reply #7 on: November 09, 2018, 02:36:06 PM »
Government are trying to destroy bitcoin but they will not succeed because bitcoin is an independent entity. Lot of people are engage with it so its strong and stable and cannot be easily destroyed by anybody who wants to. I think government should support with bitcoin through taxing it to generate revenue for the development of a certain country and to the people as well. Government should see the good effect that bitcoin brought to the people who are engage with it because the lives of the many becomes better.

Offline bdamenaakter

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Re: Can the government destroy bitcoin?
« Reply #8 on: November 09, 2018, 02:42:04 PM »
Governments can ban cryptocurrencies, because they're being pushed by financial institutions who are afraid bitcoin might take over. But the authorities realize the value of crypto and blockchain, so they may be not that keen on eliminating this new technology. They will regulate and tax cryptocurrencies, but they will not deliberately destroy bitcoin.

Offline lopart

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Re: Can the government destroy bitcoin?
« Reply #9 on: November 09, 2018, 09:01:33 PM »
 They are all stored in distributed ledgers called blockchains. Each blockchain has its own digital token. In the case of Bitcoin, it is the Bitcoin token. Other examples are Ethereum, Litecoin, Monero, Dash, Zcash, etc. Each digital coin has its properties and functions. This tutorial will focus on Bitcoin but could be used for any other cryptocurrency.

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Re: Can the government destroy bitcoin?
« Reply #10 on: November 10, 2018, 01:52:46 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 it's true there are some countries that ban bitcoin but I think they can't destroy bitcoin because bitcoin can help us, so if the government can stop bitcoin, then they are like destroying many people's dreams

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Offline Jaguar

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Re: Can the government destroy bitcoin?
« Reply #11 on: November 10, 2018, 07:00:39 AM »
Government cannot totally banned bitcoin because it is widely influenced other countries that welcomed bitcoin in their land. It is difficult to stop bitcoin by 2 or 3 nation. Once the whole world rally against, I think there a chance to stop it.

Offline alltalk

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Re: Can the government destroy bitcoin?
« Reply #12 on: November 16, 2018, 07:07:35 AM »
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.   
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Offline Legio

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Re: Can the government destroy bitcoin?
« Reply #13 on: November 16, 2018, 07:53:55 AM »
It will be a big loss for the government if it bans or destroys bitcoin. We can see the development and demand of bitcoin are getting bigger, I think the government will rethink it.

Offline onepiece

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Re: Can the government destroy bitcoin?
« Reply #14 on: November 17, 2018, 04:24:49 AM »
It can't be like that. Basically Bitcoin cannot be controlled by anyone including the Government in a country. because Bitcoin is decentralized and cannot be controlled by the state, groups of people or individuals. I don't think we need to be afraid of any government threats that corner us, because indeed they cannot touch us in Bitcoin.

 

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