Can the government destroy bitcoin?

[Nate11]

No. The government can not be able to destroy Bitcoin because it had no control over Bitcoin or any other Cryptocurrency.

[trauchot]

I think that it would be possible if all governments would completely ban the use of bitcoins on their territory and put people into jail who will violate this law, but as we can see, many countries legalize bitcoin and therefore this is impossible.

[Oduvan]

In fact, there are not so many countries that prohibit Bitcoin, and I do not think that countries will so obviously kill Bitcoin, because this will cause obvious resentment among people!

[valer4ik]

no need to wishful thinking.

They say that Kobayashi is so bad that the price was brought down selling hacks from gox, and right there it turns out there is some wild shortage of cue ball on the OTC market.

However, the logic is simple, if the cue ball does not buy the price drops, and then you can buy cheaper. And this process is not a quick one, wait for this moment, when people will sell cheaper. What is there to accelerate?

I really want to see a tuzemun that I don't want to take off my pink glasses.

[valer4ik]

That is, you consider it normal not to pay taxes on earnings on Bitcoin and generally on cryptocurrency, I understand correctly?

[Citysatoshi]

I don't think government can ban cryptocurrency because this has do with various governments collective agreement to do so. We have to understand that while some countries has baned crypto, other countries has also welcomed crypto. I doubt the possibility of this happening, let see how things go

[Rivaldi Kunkun]

The government will not be able to stop Bitcoin. Because this digital currency is now increasingly popular and can provide jobs for everyone. So this Bitcoin is a very good opportunity to change the economy for the better. And it seems to me that the government cannot stop crypto.

[aldi putra]

destroy what you mean? if it only bans the presence of bitcoin in a country it might happen. but if it is possible to turn off bitcoin it's impossible

[jonathancool220]

To destroy it is impossible but if it is to prevent Bitcoin from circulating in that country it is very possible.
Because by banning the circulation of Bitcoin it means that it is definitely difficult to move away from Bitcoin.

[pragna]

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 it is totally impossible to destroy BTC from his country. I can say a story. Our government banned facebook some days ago for his inhabitants but matter of sorrow that everybody used facebook by foxy serer. So i think people are more genious about this where money related. So government can not bann this.

[Chomzzy]

The government can only destroy what it has control over.
If you ask can government destroy banks, my answer would be yes.
This is because, government has full control of banks , banks are also centralized institutions.
So basically, one wrong policy from the government of the day is capable of destroying banks.

When it comes to Bitcoin, government is not capable of destroying Bitcoin because it's structure is decentralized .
Governments dont have control over Bitcoin

[Stuart]

The banning of bitcoin in some countries is possible, because it is within the country in question, and this has no effect to stopping the use of bitcoin in general. In most countries, there might be bitcoin ban, but still used by the citizens, which means, only those who uses it directly for purchasing goods are prohibited from the use of bitcoin. When it comes to stopping the use of bitcoin, I don't think that can happen at all.

[simplex]

Some bitcoin proponents have argued that governments cannot really prevent bitcoin use. Jon Matonis once stated that “a government ban on bitcoin would be about as effective as alcohol prohibition was in the 1920s.” How could a government prevent people from using bitcoin? It’s online. It’s pseudonymous.

[thanks rye18]

Yes of course, the has full authority whats really good for his country and people if they think that bitcoin is the reason why people are suffering from poverty due to loses of their investment in crypto the government can ban the internet sites from opening so that the people can't access and invest.

[Lutera94]

Bitcoin is a online currency, so its not be
Control by government.so that government can declared its illegal but not ability to destroy.

Thanks