Altcoins Talks - Cryptocurrency Forum
Further Discussions => Legality & Taxation of Cryptos => Topic started by: Cordillerabit on November 27, 2017, 03:54:17 PM
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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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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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I think exactly opposite will happen.
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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
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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.
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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.
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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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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.
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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.
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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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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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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.
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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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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.
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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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The government does not destroy bitcoin even the government must support bitcoin because with the presence of bitcoin it can help the government economy for the advancement of the people's economy as well
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In my opinion, the government will not be able to destroy bitcoin as long as there is no global agreement to ban bitcoin throughout the world. because not all countries ban bitcoin, and there are some countries that accept it very well
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I think the Goverment cannot destroy Bitcoin because there is no agreement to banned Bitcoin.I think Bitcoin should not be banned at all because there are so many people supporting it.
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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.
They can succeed in banning bitcoin but they cannot stop it. The only thing that will happen is that their actions might affect bitcoin price.
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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.
In my opinion, No one can destroy bitcoin. it is the future technology, No one can refuse the technology. They only can ban the transaction in their country.
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This creates a situation where if you accept bitcoin as payment, you might be held responsible for receiving stolen property and have to forfeit the stolen bitcoin. This would make accepting bitcoin risky in away that is not present with conventional currency.
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Some other countries are accepting Btc or crypto. We cannot have all countries accepting btc, not now but the good news is that some countries have seen the potential in btc. We will survive all these
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There are many ways for the bitcoin to survive. I am not sure if government can destroy it with banning declaration. In my opinion, there are always several countries that accept and support the bitcoin. They will never unite to ban bitcoin globally.
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Some countries also open to crypotcurrency
For example, like in Singapore, Malta, Germany, Switzerland, which is open to cyrptocurrency.
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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.
No I dont believe government can detroy bitcoin. Bitcoin is the future currency. It will exist for along years again. I believe it.
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The government will not banned bitcoin rather they will regulate bitcoin to have something good in return for the better of economy. Bitcoin is possible the future of businesses transactions that will make life easier.
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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 the government cannot stop bitcoin. Bitcoin is the future currency, It will be more popular at the coming future.
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I think Bitcoin cannot be destroyed by anyone and including the government. Now you can see that there are lots of coin exchanges and there is a lot of money spinning every day. And of course, many people now have jobs with crypto coins. I am sure this will continue to grow and the government will support crypto.
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First ,Bitcoin is not own nor controlled by any entity.
So governments destroying Bitcoin is a near imposibility.
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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.
In my opinion no one can destroy bitcoin. Bitcoin is the future technology, It will exist for along years.
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There is no country that can destroy Bitcoin. Bitcoin was created in a way that it cannot be controlled by government or anybody. The highest they can do is to restrict or ban its usage in their territory.
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I think this creates a situation where if you accept bitcoin as payment, you might be held responsible for receiving stolen property and have to forfeit the stolen bitcoin.
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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 difficult. No one can destroy bitcoin because bitcoin is the future technology. The government only can bans, Not destroy.
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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.
No , I think The government cannot destroy bitcoin. Bitcoin is the future technology. It is block chain platform. It will be needed at the coming future.
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Ain't possible
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Never will the government destroy Bitcoin.
Bitcoin is pure for HODLER, created as an alternative to sending money and it certainly has the secret power with the Private Key.
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Ain't possible
Can you explain better why you feel its not possible? We are all here to learn so just saying ain't possible doesn't cut it. Thank you.
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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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I think the Government will not be able to stop bitcoin because this is greatly influenced by other countries that welcome bitcoin in their country. it will be very difficult for the government to stop bitcoin because of 2 or 3 countries. After the whole world was opposed, I thought there was only a chance to stop it.
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it is normal if negative news about bitcoin continues to be spread by people who are trying to drop the value of bitcoin, but as long as there is still demand for crypto currency then bitcoin cannot be destroyed by the government
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This can only be possible if the whole countries worldwide come to agreement and decide to stop the operation of block, but this will not be possible.
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Can not. The government cannot interfere in Bitcoin, the Government will not be able to plunge and control everything in Bitcoin, let alone want to destroy. I don't think that's possible. I see the government is not so scary today. So just calm down.
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Bitcoin cannot be destroyed because Bitcoin is real on the internet, computer and electricity networks.
Even though in a country Banned but Bitcoin can still exist in that country and that person has a Binance account to trade Bitcoin.
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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 dont believe the government can destroy the bitcoin. The government can ban but not destroy. Bitcoin is the future technology.
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possibility will not be able to, instead it will be developing bitcoin in some countries someday. because many large investors will invest.
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No. The government can not be able to destroy Bitcoin because it had no control over Bitcoin or any other Cryptocurrency.
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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.
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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!
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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.
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That is, you consider it normal not to pay taxes on earnings on Bitcoin and generally on cryptocurrency, I understand correctly?
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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
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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.
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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
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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.
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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.
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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
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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.
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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.
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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.
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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
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Well, China banned cryptocurrencies and that hasn't stopped anyone there, so I doubt it will have much of an effect anywhere else.
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No way.
Bitcoin is a decentralized virtual currency and it's it's own central bank devoid of any external control.
So government is incapable of destroying Bitcoin.....no matter how you want to look at it.
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I don't think that the government can destroy the cryptocurrencies. Some ways that may be available for them are:
- Bann and not legalize the crypto in their country
- making more negative issues in the media of the crypto so that it will influence the investors.
from those ways, however, i don't think that it will destroy the crypto. It will only just decrease the involvement, but not destroying hopefully.
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I think the government will not be able to completely destroy Bitcoin, throughout the world. because not all countries prohibit bitcoin, there are some who accept it very well. and this will show that bitcoin is supported by several countries in the world.
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I don't think that the government can destroy the cryptocurrencies. Some ways that may be available for them are:
- Bann and not legalize the crypto in their country
- making more negative issues in the media of the crypto so that it will influence the investors.
from those ways, however, i don't think that it will destroy the crypto. It will only just decrease the involvement, but not destroying hopefully.
That's correct there is no government that has the power to destroy Bitcoin and the only thing that they can do
is to ban Bitcoin usage and trade on their country and prevent their citizens from using this coin. But even if
they do this kind of method there will still be countries that will accept and legalize Bitcoin just like Japan.
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I think but news of government investigations can move cryptocurrency prices for another reason: they ignite fears that big governments are out there to destroy cryptocurrencies.
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We all say that Bitcoin is decentralized in nature which means that no government is able to control the transactions made through Bitcoin but according to me government can destroy bitcoin.If governments of all countries declared it as illegal in their respective countries then we will have no way to use Bitcoin.I mean we will be able to work with Bitcoin but as we all know Bitcoin has no physical form ,we have to convert it in our respective currencies to use it.If government will ban it then we will have no way to convert it in our particular currencies.So we will not be able to use it.Due to this people will slowly stop using it and Bitcoin will come to it's end.But I don't think this will happen because governments are intelligent enough to understand it's potential and they know that Bitcoin can be an asset to their economy so they will not ban it.
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Individual states can not destroy bitcoin. It can not destroy even a few states. All states, or even the majority of states, are unlikely to unite to ban Bitcoin. Now 111 states, and among the highly developed ones, have recognized the legal circulation of Bitcoin on their territory. Only ten states have banned the circulation of Bitcoin.
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If some government can destroy bitcoin, then I bet on China. China has played a significant role in the development of the cryptocurrency market over the past few years. A new study by Princeton University and Florida International University shows that the growing Chinese influence on key Bitcoin infrastructure enables this country to influence or even destroy Bitcoin.
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I agree that the government will adapt to bitcoin to destroy bitcoin. I think it will be difficult for the government
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I am sure, the government will not be able to destroy bitcoin. Because the existence of bitcoin does not depend on government interference. In my opinion, the government will support the presence of bitcoins in the country.
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Yes obviously a government destroy bitcoin, because if he would not give permission then bitcoin never spread its reputation and values.
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They can but I don’t think it will happen cause more and more country in the world started to accept crypto now, especially Japan where there are many ATM Bitcoin there
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government can ban bitcoin but they cannot destroy bitcoin because bitcoin is blockchain based decentralized coin and no one can control its
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the existence of bitcoin in a certain countries it's impossible and difficult to government of that country destroy bitcoin movement,but what's the reason if they imposed ban? it's declared illegal? but in what's ways they can ban the circulation of bitcoin because it has no physical form? bitcoin is online currency so government can't stop it
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If a government's decided they wanted to hurt Bitcoin, they must could deploy new hashpower that takes over the network.I think it is possible.
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Governments are in a very powerfull position, they rule and people follow... they can ban crypto, turning it into a dark web activity... this would prevent escalation, at least for some years...
But I think they would only do that in order to implement the "cryptocurrency of the system", because in my oppinion, paper money has it's days numbered...
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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.
Decentralization is the idea, and BTC is decentralize so no one has the power to stop it.
if i have shop and start accepting bitcoin no one can stop me.
so governments shall adopt bit.
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I don't think government can destroy Bitcoin because it is supported by strong community from almost all countries in the world. Bitcoin holders also come from various countries, it will be difficult to monitor and prohibit by governments.
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many countries have many who are interested in bitcoin, but there are also those who do not want to accept bitcoin, not accepting does not mean being able to stop the running of bitcoin, because bitcoin is very helpful for various circles .
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Its possible for example,to exert influence in a foreign country where Bitcoin is in use, China may aim to weaken or even totally destroy Bitcoin. This could be done by targeting specific users or miners for attack.
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I believe it's possible for government to destoy bitcoin even though it's not going to be easy as far as people have access to the internet.
For bitcoin to be effectively destroyed, there's the need to also clamp down on the internet ,which would be very difficult.
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The answer is yes but this crypto market is the ambition of replacing fiat and it’s still give a lot of profit as well as many method to solve the economic corruption so government only will support it
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Not necessarily. A lot of governments are corrupt to the core, they have no interest in solving corruption.
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in my opinion if all the governments in this world agree and agree to destroy bitcoin it will be very possible, but I think it is also not as easy as we imagine.
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I guess the government only makes a fear but it never kills the Bitcoin. Bitcoin holders come from people around the world. It is also supported by a strong community. So, the existence will be always strong to survive and continue.
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I think the government will not be able to destroy bitcoin. Because bitcoin is not related to government. bitcoin is a decentralized digital currency. and its future is quite bright for its holders.
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I think bitcoin is very difficult to destroy even though it's a country, and I don't think bitcoin will be destroyed by the state.
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Yes....it's possible for government to destoy bitcoin using their policies.
But it can only be effective if the internet is banned permanently,if not people will still find a way to run bitcoin business.
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~snip~
But it can only be effective if the internet is banned permanently,if not people will still find a way to run bitcoin business.
It is impossible to ban internet permanently. Everyone needs internet, including the government as well. This means that Bitcoin is rather hard to destroy. I still think that the governments will consider to accept it someday.
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Yes a government can easily destroy bitcoin, when a government acts positively with bitcoin, it is easily determined that bitcoin will moon...
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Bitcoin has become one of the most attractive forms of investment at the moment so the country must take steps and take it
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The answer is yes but they won’t do that, instead of that, they will support the development of Bitcoin because Bitcoin is the future of fiat system
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Destroying Bitcoin is likely destroying something hard in society. BTC has involved many people around the world. This is digital technology with many benefits. Many people hold it. So, it will be difficult to destroy, even they are the government.
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i think they can destroy bitcoin, but they will not destroy it, because bitcoin bring many profit and chance for them, no reason for them kill bitcoin
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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.
No. the bitcoin is undestroyable. no government in the world that can destroy or stop bitcoin because it's decentralized.
Bitcoin has no country, it is worldwide. the bitcoin nodes are all over the world and that makes it impossible for any government to destroy bitcoin.
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I think it is too cruel if the government keeps trying to destroy bitcoin. During this time bitcoin has never been dependent on the government, it stands alone. And its presence is enough to help the community to improve its economy.
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I think it also seems difficult that the government can destroy the existence of bitcoin at this time.
because now there are also many investors who hold bitcoin to be their main income, and also bitcoin coins that have long been made and also popular.
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I think the government cannot destroy bitcoin
. because so far, the popularity of bitcoin has never depended on government policy.
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Definitely not. Bitcoin is banned in India, however citizens of the country are still getting their hands on it as well as learning and investing in the blockchain. I think the government can incubate the growth of bitcoin and other public cryptoassets by institutionalizing it as a government asset and form of money.
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if in my personal opinion it will not be able if the country destroys bitcoin, because we know that bitcoin has a decentralized system that does not require third parties.
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if possible all the united countries could have happened, but in my opinion that would not happen, because we know that there are still many countries that like and use bitcoin.
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Some countries have been trying to ban bitcoin, some have banned bitcoin but they can't destroy it. Even in the countries where bitcoin is banned, a lot of their citizens are still involved in bitcoin. Many people have gotten used to cryptocurrency and its like a part of them now so destroying bitcoin is not going to happen and another reason why it will be difficult for the government to destroy is its decentralized nature.
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First of all I highly doubt Bitcoin (and cryptos in general) can and will be banned on a global scale. In case of regional bans people will still find a way.
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I don't think there will be anyone who can destroy Bitcoin, including the government. Unless the government stops the internet. I don't think it is possible for the government to stop the internet. Because it will have a broad impact, of course.
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I don't think so, there have no control over the bitcoin, also they have no control over the whole worlds internet connection in order to stop the bitcoin or altcoins transactions, they just wish lol.
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I read this post today but was written in 2017.
From this time many things are changed, starting from USA approach.
Politic people are now aware that cannot stop cryptocurrency with a simple ban, and are considering to add them to the current payment systems.
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Yes a government can easily destroy bitcoin, when a government acts positively with bitcoin, it is easily determined that bitcoin will moon...
Curious, how can it do it? OK, the only one way I see here (to destroy it) is to turn the country off from the global net.
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Yes a government can easily destroy bitcoin, when a government acts positively with bitcoin, it is easily determined that bitcoin will moon...
Curious, how can it do it? OK, the only one way I see here (to destroy it) is to turn the country off from the global net.
I am also curious about how governments can destroy Bitcoin easily. To be honest, I still think that it is not easy to destroy even if the governments use their power. People still can trade-buy or store Bitcoin because it is in the digital world. But maybe the possible way to stop it by stop pairing the Bitcoin with every national currency in the world.
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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.
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if in my opinion,
the government will not be able to destroy bitcoin, because for me bitcoin is also the most popular and there are also many who use it every day, so I think it will also be difficult.
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if in my opinion,
the government will not be able to destroy bitcoin, because for me bitcoin is also the most popular and there are also many who use it every day, so I think it will also be difficult.
It is difficult but not imposible, government can influence the society to take extra precaution in dealing with cryptocurrency, and later would lead to totally destroy the ecosystem. I believe government is not that serious to stop the activity of cryptocurrency because they also benefited from it.
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in my opinion, the government will not be able to destroy bitcoin. bitcoin grows not because of government interference, but because of the internet network. if the government destroys bitcoin it means destroying the internet. and I think that is very unlikely.
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Well government can decide to ban crypto trading in its country but can’t stop its entire operation. And it will be difficult for government to destroy bitcoin, perhaps unless all the world governments come together which is not possible.
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We should decide on what do we mean by saying "destroy". I think that the biggest harm that any government can bring to local Bitcoin users is to criminalize any Bitcoin-related activity and punish these "crimes" with serious punishments (several years of prison, and so on). Such a policy can lead to the abandonment of the Bitcoin network by most of the people although some risky users will keep on using Bitcoin regardless of the law.
Summarizing I would say that in any country there will be some people using Bitcoin, and the government cannot "destroy" or control Bitcoin totally although authorities can damage the local Bitcoin community significantly.
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Although the governments have influence on the market because the people listen to the government, the governments cannot destroy Bitcoin entirely. Bitcoin is decentralized and this means that no central authoritative body has absolute control over it's transactions and other related activities. Bitcoin can only be destroyed by its users when all users decide to stop using it, which is apparently not going to happen.
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I don’t think that this is real) how they can destroy it if it doesn’t belong to them, this is what Bitcoin is interesting for the population because it is decentralized, and people can pay for it independently without government intervention
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The government can destroy bitcoin by 3 ways:
- Making fiat money protection policies, not accepting BTC as money or goods, prohibiting all activities related to the BTC;
- Create events to cause fear and hatred for BTC;
- Build quantum computers to exploit and attack (not 51%, but 99%) the BTC network on a global scale ^^
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If the country wants to do that, I think the country will get a lot of resistance from the cryptocurrency community.
Until now, transactions using bitcoin are still rejected by some countries, therefore there is no way to destroy bitcoin other than they prohibit transactions using Bitcoin.
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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
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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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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.
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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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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.
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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.
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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
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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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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.
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I agree. And even if governments ban bitcoin I doubt it will disappear. Is that not what happened in China?
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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
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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.
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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.
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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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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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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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I would not like to see experiments on this issue. In fact, governments, if they unite, can do a lot. If they prohibit the circulation of Bitcoin, it will not lead to its complete disappearance, however, it will not be widely used anymore. Moreover, there can be no question of any development after this.
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A government can create big problems at BTC. No doubt a government would find it difficult — perhaps even impossible — to eliminate all bitcoin transactions. But a committed government would have little trouble making bitcoin sufficiently unattractive for most users, significantly limiting bitcoin’s potential network size.
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It seems that the government cannot destroy the existence of Bitcoin now, because Bitcoin is the strongest and also the most famous, so I think it will also be difficult
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I think the government will not be able to destroy bitcoin, because bitcoin is not included in the scope of government, bitcoin is a digital currency that is not centered. so that bitcoin is free anywhere as long as the internet is still accessible.
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it is true that many countries ban bitcoin, but I believe that over time many countries will like bitcoin, and I believe that the state will not be able to destroy bitcoin, because bitcoin is not dependent on a country.
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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.
No, I think the government cannot destroy bitcoin They only can ban but not destroy. Because Bitcoin is the future technology. no one can refuse and destroy bitcoin. In several country maybe the government ban bitcoin. But many countries still accept bitcoin
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My thoughts exactly. And I doubt Bitcoin will be banned on a global level.
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They are still trying either to destroy or control it but until now they are not really having a chance for it. So instead of controlling it some of them chose to banned it so it will not really going to be a harm to them. Most of the governments are really scared to the fact that they can't manipulate it.
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Fortunately, the Government can not destroy BTC or any other block-based currency. But they can make bitcoins illegal, destroying the current value into dust.
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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 they can't because if they can, bitcoin now is no longer exist and cannot extend more to its value. Yes, there's some country banned bitcoin but only minimal did that scenario. But, I believe bitcoin will be adopted by each country and use this as an alternative digital money. And those who banned bitcoin will do hesitate and might switch as well to accept bitcoin to their country.
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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.
The government will not be able to completely stop Bitcoin and other cryptocurrency, even if it issues an order to completely ban it, but then it will not be able to legally walk in the country and develop. Therefore, it would be better if there are no such prohibitions.
Now the situation with the legalization of cryptocurrency and the attitude of the majority of states towards it is not bad and we hope that there will be no great difficulties in these matters.
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No, they don't. They just can slow down process of adaptation of new technology. But nothing will stop bitcoin to become new worlds digital gold.
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Government is trying to destroy Bitcoin many times but since its a decentralized in nature, government can control only within their jurisdiction. As a result, some countries will accept Bitcoin and the others restricting their citizens to use it.
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I can see that the government is really afraid of bitcoin but that doesn't not mean that the government is going to destroy Bitcoin, what I think is like the governmental bodies are afraid that bitcoin is going to affect the use of their own country money but still some countries are beginning to see the importance of bitcoin and blockchain technology because some top president have issued a statement that they want to develop their crypto coins like Bitcoin.
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No, they don't. They just can slow down process of adaptation of new technology. But nothing will stop bitcoin to become new worlds digital gold.
Yes, it is true. Bitcoin is unstoppable, it continues to improve and be adopted in many parts of life.
I assume the government just try to defend itself and warn people to still use its national currency. And the government wants to remind the people about the risks of Bitcoin. I think it is no problem.
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I'm not sure if the government can destroy bitcoin. Because the circulation of digital currency is not in the shade of the government. According to me, the bitcoin can be destroyed by the government turning off internet access. And that is very very unlikely. Because the internet network will have a wide impact. it could be that the government's public services will also be paralyzed.
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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.
No I don't believe the government can destroy the bitcoin. They can ban bitcoin But Bitcoin is the future currency, Bitcoin will exist for several years again, maybe about nine or ten years again. I hope the government accept bitcoin, not destroy
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I am sure the government cannot destroy or turn off bitcoin. Because bitcoin is decentralized. And also bitcoin is not under the auspices of the government. So Bitcoin lives alone with investors who adopt it.
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Bitcoin can be destroyed only by a total ban throughout the world. In other ways, it can not get rid of.
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Yes is possible but i don't think the goverment will distroy btc,they want only to regulat to collect taxes and not to be used in bad porpuse.
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Look at the way Trump impacts the market with just a few tweets, the BTC price has fallen straight to $10k. If Trump really sets strict rules for cryptocurrencies, the US economy will be closed to BTC and crypto winter will continue indefinitely.
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Bitcoin can be destroyed only by a total ban throughout the world. In other ways, it can not get rid of.
Yes, only if almost all states decide to ban bitcoin and establish criminal liability for its use, only in this case, bitcoin can be put in a position in which many people will be afraid to use it. At the same time, the price of illegal bitcoin should fall very much.
So far, the adoption of such a common decision by states is impossible. They do not see cryptocurrency as a threat to global financial stability.
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I don't think such a ban is possible though. More countries are embracing cryptos than banning them.
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I don't think such a ban is possible though. More countries are embracing cryptos than banning them.
when your country prohibits using cryptocurrency then you can use a VPN
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The government can prohibit the legal use of bitcoin in the country, but it cannot destroy it. But even in the case of a ban in the country, this will not be able to stop the use of bitcoin, including paying for goods.
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Government way is always suspicious specially when it comes to money related issue. So a rumors might just part of their way to slow down the progress of btc whole they are crawling underneath their fishy motives.
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Even though the government intends to destroy bitcoin. But in what way to destroy it ? we all know that bitcoin is not Fiat money that has a shape that can be destroyed.
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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.
The government cannot destroy bitcoin, They only can block bitcoin. I think No one can refuse the future technology. We all know at the several countries have blocked bitcoin , But It not affect the bitcoin. at other countries already accepted bitcoin.
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Maybe if the government of all countries are uniting to destroy bitcoin I think it can, but in reality I guess that will never happen because some countries supporting bitcoin you know.
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The government has complete power over the rules, and to destroy Bitcoin is of course possible if it will. Bitcoin can grow because of trading activity on Cryptocurrency exchanges, which is the first thing that must be stopped by the government. If there is no trading activity at all, Bitcoin will die. But sadly, that won't happen!
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Which government? Even if the government of one country bans it, others have made it legal. The one that banned it has no authority outside its jurisdiction.
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The fact that the government are powerless to stop the growth of bitcoin in a decentralized manner is the obvious evidence we can hold on that they can't so anything to stop bitcoin.
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Which government? Even if the government of one country bans it, others have made it legal. The one that banned it has no authority outside its jurisdiction.
Therefore, for cryptocurrency, it is not the decision of one government that is dangerous, but the general decision to ban cryptocurrency, for example, at the summit of the G20 countries. So far, such international bodies do not see the existence of cryptocurrency as a threat to the stability of the global financial system. The role of cryptocurrency in the financial sector is not yet that big. Apparently, given the massive release by states of their digitized central bank currencies, there is no threat of its existence for a decentralized cryptocurrency. Let's hope that cryptocurrency and regular currency in digital or physical form will exist together and complement each other's capabilities.
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No one can stop Bitcoin forget this hold your coin no one can destory it drama.
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With the increasing number of enthusiasts who continue to exist in bitcoin. So I think it will be difficult for bitcoin to ban. Because indeed many people like this investment. It's easier and more independent. Because complete control is within the owner of the bitcoin.
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With the increasing number of enthusiasts who continue to exist in bitcoin. So I think it will be difficult for bitcoin to ban.
Bitcoin is supported by many communities around the world, and is not controlled by anyone, therefore it is very difficult for the government to destroy the development of Bitcoin.
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That's not possible,btc can't be controlled by the government,they can only banned the use of it in thier country.
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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.
Many countries banned btc and the other planning to ban btc. I think banning btc is not good on people and good to government why? I think people will not earn a lot of money and it is good on government because btc can affect the inflation and its hard to put tax on btc
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Even though it is banned, I think this bitcoin will still be circulating in the global market. This is because the system used in bitcoin is a blockchain system. Where everything is in control of each and more independently. So it does not require prohibition or permission from anyone.
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of course the government will not be able to destroy bitcoin and will never be able to control bitcoin because actually the movement of bitcoin is controlled by people who buy themselves.
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I dont thing so no one can do this bitcoin is now to much popular in world.
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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.
No, I don't believe government can destroy bitcoin. bitcoin is the future technology, I think no one can refuse the future technology. They only can ban but not destroy . Bitcoin will survive for several years again . I hope all countries will accept bitcoin.
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I think no because Bitcoin is decentralized that's why no one can shut it down, The best way to shut down Bitcoin you need to remove the Internet. and that was my opinion.
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In some countries Bitcoin has been declared illegal, just as it is true that Bitcoin is legal again in many countries. However, it seems to me that in all the countries where Bitcoin is not legal, it has been claimed that Bitcoin is banned in all the countries.
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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.
No Government can't destroy Bitcoin as Bitcoin is a decentralized P2P payment system. Here government has no control over its transaction, mining, processing etc. Government only can impose ban rules on the people of that country so that they don't use Bitcoin. More and more Government of the countries will come forward to legalize and utilize the maximum benefits of Bitcoin.
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We know that that bitcoin as well as crypto currency is decentralized. Government doesn't know who are the holders of bitcoin. Who transect bitcoin. Government can assume but it can not be possible to find out. If any one use bitcoin in restricted area how can be identified? So normally we know that there is action will be taken from government to use bitcoin. so i think government can destroy bitcoin.
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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
Yes bro same sentiments, actually here in the Philippines, our government is not patronizing the Bitcoin, but can still maneuver to process their account and Hold cryptocurrency. Some are investing their monies and let it stay there just like the usual Investment on assets.
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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 just rumours, some country will follow to ban bitcoin. I think the reason why some countries have banned bitcoin because they don't have more knowledge about bitcoin and afraid bitcoin will destroy their national currency.
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the government will never be able to have such power because so far bitcoin still has very good prices on the exchange and still has a lot of demand meaning the government won't be able to destroy bitcoin.
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Most countries do not approve bitcoin transactions. However, there are some countries that have already approved bitcoin transactions. However, I think that those countries that have not approved bitcoin are many times behind in technology. Bitcoin is not waiting for the approval of any country. Bitcoin has spread all over the world. Bitcoin will be traded in any country even if it is not approved by that country.
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Bitcoin will not deteriorate whether the government of any country is in favor of Bitcoin or not. However, if the government of a country approves bitcoin, transactions inside the country will increase and transactions will be easier. In more commercial cases, the use of Bitcoin will increase many times over. But the country's economy will also improve. So I think every country needs to approve bitcoin. The country should be allowed to move towards development.
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Bitcoin will affect the economy of every country. So Bitcoin should be approved in every country. Bitcoin is used in countries where Bitcoin is not allowed. So the use of Bitcoin is all over the world so the Bitcoin currency is at the top of much more discussion. Bitcoin will be able to go further with the approval of each country. More countries will move forward to become developed countries.
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Bitcoin is not allowed in every country of the world. However, the economic situation in the country where Bitcoin has been approved is much simpler. This is because Bitcoin or other cryptocurrencies have a role to play in keeping the economy afloat. Cryptocurrency is considered as the second source of income in the world. So Bitcoin is popular all over the world. The way Bitcoin has given them is much improved.
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I think the government of every country that has approved bitcoin can decide to adopt a tax collection strategy. However, if the government of every country approves bitcoin with tax, it will definitely be much better for the users. There are many users of Bitcoin all over the world. If Bitcoin is able to transact with domestic banks, then the economy will be much stronger if the government of the country gets taxes from there.
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I think the government of every country that has approved bitcoin can decide to adopt a tax collection strategy. However, if the government of every country approves bitcoin with tax, it will definitely be much better for the users. There are many users of Bitcoin all over the world. If Bitcoin is able to transact with domestic banks, then the economy will be much stronger if the government of the country gets taxes from there.
Indeed, all governments from various countries must be able to accept bitcoin, unfortunately there are still many countries that have not accepted bitcoin as a legal transaction.
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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.
It is not possible for government of any country to destroy bitcoin. If they have the capability then they can control it also. They can trace any transection of bitcoin so how they find out. There is no way to destroy bitcoin.
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I think exactly opposite will happen.
Yes a countries government stop to use bitcoin and strictly prohibited bitcoin use but can't destroy bitcoin at all.
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I think exactly opposite will happen.
Yes a countries government stop to use bitcoin and strictly prohibited bitcoin use but can't destroy bitcoin at all.
Yes, buddy you are right. The government of a country can enforce strict laws to stop the use of Bitcoin. But Bitcoin can never be controlled. That means users will not refrain from using Bitcoin. It will never be controlled by the government. Because Bitcoin is operated and circulated all over the world. Bitcoin users are scattered all over the world. Even if the government of a country bans Bitcoin, Bitcoin will continue to be used inside its country.
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I think exactly opposite will happen.
Yes a countries government stop to use bitcoin and strictly prohibited bitcoin use but can't destroy bitcoin at all.
true, banning bitcoin will be very difficult to do because no one has the authority over bitcoin, but prohibitions for use can happen but there are still many ways to do it because of the many conveniences available.
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There are various rumors about Bitcoin. Bitcoin is not allowed in many countries, and there may be severe penalties. Knowing this, users use bitcoin. Because it is possible to enjoy many more benefits by trading Bitcoin. However, there are still countries that have not allowed bitcoin. I think Bitcoin is a currency worthy of worldwide approval.
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How the government can destroy Bitcoin? I think it isn't possible. Bitcoin is decentrized and owned by many people around the world. Also, the government cannot kill exchanges because it is already legal in many countries. They even pay taxes, so once they are closed, the government will lose one of the big sources for taxes.
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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 just rumours mate, Yes It is true I also heard several countries have banned bitcoin, but I think they only worries in bitcoin. Because no one can control bitcoin. They also have own currency.
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No , I think The government cannot destroy bitcoin. Bitcoin is the future technology. It is block chain platform. It will be needed at the coming future.
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I think the only way to destroy bitcoin is to offer technology that is superior to bitcoin. But at the moment there is no such technology, and the adoption of the law prohibiting bitcoin is a fantasy, I do not believe that this is possible.
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I think the government will never be able to stop its people from continuing to invest in this bitcoin because this market is classified as a very secret government agency will not be easy to know the people are making this investment.
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Yes but this crypto market has ambition to change fiat currency and still provides many methods to solve a lot of profit and economic corruption so the government will support it.
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I think the government will never be able to stop its people from continuing to invest in this bitcoin because this market is classified as a very secret government agency will not be easy to know the people are making this investment.
crypto will be difficult to prevent because it is a system that moves with its own ability and no one party can control or even stop. but it is possible for the government to ban it, it will still be able to do it.
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Yes but this crypto market has ambition to change fiat currency and still provides many methods to solve a lot of profit and economic corruption so the government will support it.
precisely if there is corruption the government should ban crypto because it is prone to be used for money laundering, because it will be difficult to trace it. so it is not a settlement with crypto, corruption will be stopped, but instead it is encouraged by compulsory transactions through banks, so that corruption can be discovered.
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I don't think the government to have a serious intention to destroy Bitcoin. It is too bad if the government destroys a very promising thing to use for humans in the future. We need Bitcoin for the currency and it is also used for digital assets now. Many people rely on Bitcoin now and the government should support it.
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I don't think the government to have a serious intention to destroy Bitcoin. It is too bad if the government destroys a very promising thing to use for humans in the future. We need Bitcoin for the currency and it is also used for digital assets now. Many people rely on Bitcoin now and the government should support it.
Yes, I also don't believe government will destroy Bitcoin. Bitcoin is the future currency, I think government should addopt Bitcoin tevhnoly for their bank or company. Block chain technology is good for payment transaction.
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The fact is that no government dares to ban bitcoin, because a significant part of the world community has been using cryptocurrency for a long time and in some countries the cryptocurrency is completely legalized. The only thing they will be able to do is try to completely subjugate the cryptocurrency market and control the activities of their citizens in the cryptocurrency market.
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Bitcoin will never be destroyed. There will be more improvement and expansion. Bitcoin is not regulated by the government of any country. But governments find nothing in bitcoin transactions. In the future economies can make a worldwide system subject to this discussion. However, the government of any country does not know where Bitcoin comes from and what is the source of Bitcoin.
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Bitcoin will never be destroyed. There will be more improvement and expansion. Bitcoin is not regulated by the government of any country.
Actually the government can destroy bitcoin (I am talking about the price of bitcoin), as you know bitcoin is very dependent on community support and also companies or exchanges, if all governments in the world agree to ban bitcoin and block the internet to access bitcoin I am sure bitcoin will not be of value in a few days.
yes, but nevertheless it is very difficult to unify the opinions of all countries, because each country has its own interests.
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Government can't destroy it even stop it. This is a decentralized system it means no one can't. And for now, I think many governments open minded accept cryptocurrency. This is the next step for a better future
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Bitcoin cannot be destroyed because we are still seeing how the blockchain works unless there is a government or a country that has 10,000,000 BTC and they keep it so that the amount cannot be used, but it is impossible. All systems work in a decentralized manner and Bitcoin will always accepted by everyone because it is easy to use and transparent
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Bitcoin cannot be destroyed because we are still seeing how the blockchain works unless there is a government or a country that has 10,000,000 BTC and they keep it so that the amount cannot be used, but it is impossible. All systems work in a decentralized manner and Bitcoin will always accepted by everyone because it is easy to use and transparent
maybe what is the intention of people wanting to destroy bitcoin, I am also surprised that this can exist in their minds. even though we know that bitcoin contributes many people and is very useful.
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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 don't think Bitcoin is controlled by any government. Bitcoin is banned in many countries because they can't control Bitcoin and they think Bitcoin will be used for most illegal purposes.
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Bitcoin is the first cryptocurrency. Bitcoin has some advantages as well as some disadvantages. Your idea right, that the government has no control over Bitcoin so the government does not want to legalize it. In my opinion, the disadvantages of Bitcoin seem trivial. I think the governments of all countries will gradually legalize bitcoin.
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Bitcoin is the first cryptocurrency. Bitcoin has some advantages as well as some disadvantages. Your idea right, that the government has no control over Bitcoin so the government does not want to legalize it. In my opinion, the disadvantages of Bitcoin seem trivial. I think the governments of all countries will gradually legalize bitcoin.
Good prediction, the governments of all countries will gradually legalize bitcoin.
I hope it will come true. I also believe all countries will accept bitcoin at the coming future. Because digital currency will be more needed at the coming future. Let's see.
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the government will never be able to beat bitcoin and even stop the use of bitcoin because bitcoin has properties that cannot be regulated by anyone, including governments that have no supporters
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What I think is that no country's government can destroy Bitcoin. Because Bitcoin does not follow the word of any government. It all depends on the investor's price fluctuations. However, it is seen from any country that bitcoin is banned but they cannot destroy bitcoin. They can only ban from their country. That is why I say that the government of any country cannot destroy bitcoin, they can ban from that country.
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What I think is that no country's government can destroy Bitcoin. Because Bitcoin does not follow the word of any government. It all depends on the investor's price fluctuations. However, it is seen from any country that bitcoin is banned but they cannot destroy bitcoin. They can only ban from their country. That is why I say that the government of any country cannot destroy bitcoin, they can ban from that country.
I agree with you. No country's government can destroy this bitcoin. The government has no hand in destroying Bitcoin. However, if the government of a country supports it, then the price of Bitcoin can get a little bit. What Bitcoin will ban but not destroy.
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We all know that the government has no control over Bitcoin. This is why the governments of some countries do not want to legalize Bitcoin. Again, some countries have legalized bitcoin. It is hoped that gradually the governments of all countries will legalize Bitcoin. I hope that day is not far away.
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the government will never be able to beat bitcoin and even stop the use of bitcoin because bitcoin has properties that cannot be regulated by anyone, including governments that have no supporters
You are right. No country's government has a hand in Bitcoin. No country's government has any control. So the government of any country cannot stop Bitcoin. Already, many countries and their governments have legalized bitcoin. They are in favor of Bitcoin. So it is unlikely to stop.
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As you can see with bitcoin everything is fine, today we do not see strong bans in normal countries and people are increasingly buying bitcoin, three years ago there was a different period and everyone thought that this was just a pyramid, most of them did not understand the fundamentals of bitcoin and cryptocurrencies!
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Many countries have banned bitcoin. No country's government can stop bitcoin. Because users all over the world control bitcoin. So the prestige of Bitcoin worldwide is much higher. The government of any country can ban bitcoin inside its country if it wants. But the transaction will never stop. So I think if governments ban bitcoin, those governments make the wrong decisions.
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I don't think so. Because in general Bitcoin is really an independent investment. All control is in the hands of the respective Bitcoin holders. And there is no government interference.
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Of course, some countries influence and hinder the development of bitcoin by their actions, but I still think that it will be difficult to completely ban bitcoin, because even though the blockchain saves all the information, it is anonymous in its own way.
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The government will never be able to stop Bitcoin. Because Bitcoin does not follow the orders and directives of any government. Bitcoin cannot be controlled by the government of any country. However, bitcoin has been banned in different countries. If Bitcoin is legalized by the governments of those countries, it will be used for the most abusive and immoral purposes.
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I can't say anything about it because I don't understand the subject well yet. I hope to try to learn something by reading the posts of seniors in the forum.
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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.
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I don't think Bitcoin is controlled by any government. Bitcoin is banned in many countries because they can't control Bitcoin and they think Bitcoin will be used for most illegal purposes.
True, this is one of the reason why other countries ban bitcoin, for example in dark web, they are using bitcoin as payment for doing bad and buying illegal items.
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The government of every country waits for power from every sector for the betterment of some countries. Or by signing a contract. However, the government of any country does not receive any tax from Bitcoin. No cryptocurrency gets from the currency. But governments may consider other alternatives in the future. However, it is not possible to control Bitcoin.
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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.
No, If government can destroy bitcoin it's been done a long time.
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Bitcoin can be controlled by the government, it will be possible in the future. However, the control of Bitcoin will never be in the hands of the government. Because bitcoin transactions have become much more popular and dominant around the world. Users in developed countries trade bitcoins. They regularly trade on various products and invest in cryptocurrencies worldwide.
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Yes brother you are right there are many countries that do not support bitcoin. They think that supporting Bitcoin can increase the number of crimes. But you said that the government can destroy Bitcoin. But I think it will never be possible. Because there are many countries that fully support Bitcoin and believe in Bitcoin. Developed and powerful countries like America and its supporters of Bitcoin. I think all countries will one day support Bitcoin even if it is late.
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I don't think the government can destroy Bitcoin. Bitcoin is the most popular cryptocurrency. Cryptocurrency contributes a lot to the realization of digital transactions around the world. Digital transactions are not possible without cryptocurrency. Many developed countries around the world have already legalized cryptocurrency. So I don't think it's easy to destroy Bitcoin.
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Bitcoin will be able to be traded with various banks around the world. As Bitcoin users are scattered all over the world, it is not possible for any government to eradicate Bitcoin. So I think Bitcoin will become the most popular currency in the world in the future.
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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.
No,it can't. The government cannot stop Bitcoin, they're just ban bitcoin. Bitcoin is the future technology, I think It will be more popular at the coming future. Bitcoin will be accepted by all countries at the coming future. It is my prediction.
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Why they want to distroy a think who can bring you a lot of moneyto the government buget?Govermant are intersting to regulate the bitcoin to colect the money taxs.Government from different country aready are adopting laws for impoziting profit from btc and coins.
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Bitcoin is decentralized in nature. There is no regulatory authority to regulate Bitcoin so far. No government can control over it's trade, transaction, use. Only govt. can impose rules on use and trade of Bitcoin. That's why in many countries, it is still illegal to use but they can't destroy Bitcoin. It is still dominator of virtual currencies. There are many obstacles of using Bitcoin in many parts of the world but popularity, demand and price is on the rise if you compare in the last 5 years.
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I don't think it will happen, there are indeed some countries that prohibit bitcoin, but destroying a botcoin is very difficult, it won't even happen, because there are still many people and countries that accept bitcoin.
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Rules or regulations made by men. Until now there no such gadget which can control you to stop using bitcoin. Decentralized things is kinda tough to recognize those activities as anonymous group behind the scene. Govt. only can regulate, impose ban to discourage use do nothing more.
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Its more or less impossible for government in any country to destroy bitcoin because its not regulated by the government of any country its a technology base currency which is not paper money so its difficult by the government.
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In fact, we see that Bitcoin is not legal in the country but the use of Bitcoin is completely banned by the government. So if anyone finds anyone who is constantly using Bitcoin, the government agency will file a case against them. Even then, it can be seen that many people are secretly using Bitcoin. So I think the government of any country will never be able to finish Bitcoin.
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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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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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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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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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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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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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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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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.