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Author Topic: Can the government destroy bitcoin?  (Read 46216 times)

Offline Senin

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Re: Can the government destroy bitcoin?
« Reply #135 on: July 09, 2019, 05:49:45 AM »
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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Re: Can the government destroy bitcoin?
« Reply #135 on: July 09, 2019, 05:49:45 AM »

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Offline tervel

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Re: Can the government destroy bitcoin?
« Reply #136 on: July 09, 2019, 07:21:27 AM »
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.

Offline Malyaa

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Re: Can the government destroy bitcoin?
« Reply #137 on: July 11, 2019, 11:36:01 AM »
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

Offline Rindian

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Re: Can the government destroy bitcoin?
« Reply #138 on: July 11, 2019, 11:42:49 AM »
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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Offline Sudarmono

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Re: Can the government destroy bitcoin?
« Reply #139 on: July 13, 2019, 03:11:18 PM »
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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Offline pacar_tiri

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Re: Can the government destroy bitcoin?
« Reply #140 on: July 13, 2019, 03:30:58 PM »
Some countries are banning bitcoins, there's a rumor that some country will follow this too. can the government stop bitcoin?
what do you think guys.

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

Offline mlawson71

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Re: Can the government destroy bitcoin?
« Reply #141 on: July 13, 2019, 05:18:36 PM »
My thoughts exactly. And I doubt Bitcoin will be banned on a global level.

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Re: Can the government destroy bitcoin?
« Reply #141 on: July 13, 2019, 05:18:36 PM »


Offline ComeBack

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Re: Can the government destroy bitcoin?
« Reply #142 on: July 13, 2019, 05:26:33 PM »
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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Re: Can the government destroy bitcoin?
« Reply #143 on: July 15, 2019, 03:10:59 PM »
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.

Offline Tristanerus

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Re: Can the government destroy bitcoin?
« Reply #144 on: July 15, 2019, 03:44:30 PM »
Some countries are banning bitcoins, there's a rumor that some country will follow this too. can the government stop bitcoin?
what do you think guys.

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.

Offline Alcor

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Re: Can the government destroy bitcoin?
« Reply #145 on: July 15, 2019, 06:28:33 PM »
Some countries are banning bitcoins, there's a rumor that some country will follow this too. can the government stop bitcoin?
what do you think guys.
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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Offline sammysnack

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Re: Can the government destroy bitcoin?
« Reply #146 on: July 15, 2019, 06:31:51 PM »
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.
nothing holy

Offline TERENCIO

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Re: Can the government destroy bitcoin?
« Reply #147 on: July 15, 2019, 09:50:51 PM »
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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Offline Delgboke

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Re: Can the government destroy bitcoin?
« Reply #148 on: July 15, 2019, 10:22:58 PM »
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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Offline Quart

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Re: Can the government destroy bitcoin?
« Reply #149 on: July 15, 2019, 11:49:49 PM »
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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