Can the government destroy bitcoin?

[mlawson71]

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.

[Quantum X]

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.

[Alcor]

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.

[syedrasool2011]

No one can stop Bitcoin forget this hold your coin no one can destory it drama.

[Black ID]

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.

[hair]

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.

[Sammy9ce]

That's not possible,btc can't be controlled by the government,they can only banned the use of it in thier country.

[Darryl Gambet]

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

[flyaccount]

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.

[yetti]

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.

[syedrasool2011]

I dont thing so no one can do this bitcoin is now to much popular in world.

[mahadev]

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.

[Ace H Knows]

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.

[Msweet]

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.

[Malam90]

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.