Bitcoin Forum

I have seen many people say that Bitcoin will end governments.

But do we really want that?

And if yes how would things like infrastructure be provided without a government? (This is just an example, you can discuss any issue you see fit for this topic)

End banks, yes, because bitcoin doesn't need banks to be used. But i don't thinl bitcoin will end governments, because governments don't only have to regulate money in a country, and apart from economy, other ministries still need to be organised and bitcoin won't play a major role there.

I think bitcoin is not designed to end the government but instead improve the world’s monetary syatem. I think the goverment should support bitcoin by updating our policies to adapt this new system. I believe through bitcoin, we will avoid future financial crisis saving all the economies in the world. The government should work side by side with bitcoin and other crypto currencies.

End governments??? really??? how can we live in peace, survive, ordered without governments??? we can live without government, rule, law????

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

no bitcoin goal is to end monopoly banks and middleman like western union money transfer so it will connect peer to peer

Rather than ending the government the main motive of bitcoins is to end the dominance of Governments itself, bitcoins want to end how everything is being regulated by the people with major authority and that doesn't make government , to the people for the people and by the people...it makes the government ... For the big aristocrats for the big banks for the politicians.. and thus people have never yet gotten a chance to get the fair share of power I think bitcoins not only them but the whole cryptocurrency world wants to change it.. they want to build a society where power would be distributed  amongst everyone in a balanced state.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. :(

Bitcoin was meant to be created to end the way banking system works and provide a new system of payments. But people are not focusing on the payment side and are focusing more on the asset side of it to generate more money for themselves. The development of BTC is needed as it has reached many people now. The governments are not supporting it because it is a threat to their way of banking and that is why some of the governments are not supporting it. They should know that BTC could really help people and create a new system of payments and should support it by joining the development of it.

What do you mean by "Bitcoin goal to end governments"? ??? Be more specific when posting and direct to the point because it is hard to guess what you are talking about bro. ;D It can be government tax, It can be government rules on monetary issues or etc.

gold is a decentralized currency, and it being that .. gold did not impact the thousands of past governments that much.

Bitcoin is just but a currency that is yet to be accepted by the government. Bitcoin cannot end governments, but rather the other way round - the governments can actually bring bitcoin to an end. I believe that bitcoin was not originally designed to bring an end/stop to anything but rather to improve the economic system.

Bitcoin does not have the task of destroying the governments of various states. Yes, he can not destroy them. Governments, as the main part of the state themselves, can cause big troubles to bitcoquence through its prohibition or restriction in circulation. I even do not understand the very statement that bitkoyn can affect the situation with the disappearance of governments. This is absurd. Bitkoyn himself will be constantly monitored by governments and if he somehow negatively affect the economy of the country, the government will establish rules for bitkoy to eliminate such influence, or make it minimal.

First and foremost bitcoin's goal is to transformed global finance the way the internet or world wide web changed the flow in online market. Generally, bitcoin's doesn't have any goal to change and control the governments.

Bitcoin will end governments. This is the most silly in all of thing i used to hear. How can bitcoin end Government? If the government of many countries like they can ban bitcoin and bitcoin is end. Bitcoin is digital currency which can't impact to government of many countries. And people need government to manage the society. If society is not have government then everything will extremely chaotic.

No i think.

Not at all. Bitcoin will not affect the current economy but it will create its own economy which will be far away from the control of the government. Bitcoin has nothing to do with government directly, it just helps us to hold our wealth with us without being dependent on any third party. However, since it will take the control out of government's hands, governments are definitely worried about it and will try to limit it as much as they can.

I dont think that it will end gouverments. To end a gouverment you need war. But for me Bitcoin and Cryptocrrencies are revolution! So it may dont end gouverments, but it will definitaly change their attitude. And i think thazs better then and any gouverment. But i hope they will end the banks around the world!

Hmm, I found it's quite irrelevant that Bitcoin's ultimate goal is to end government. It's an "mission impossible" to end all the governments around the world, unless there's a bigger united force that able to take control over the world.

So, it's unlikely for Bitcoins to put governments into the end...

Probably the statement which more apropriated is "bitcoin goal is to end bank system"  ;D . For me it is not negative thing because bank as intermediate parties is no longer suit for this century. We have the better solution for save money and transacting, that is bitcoin.

Bitcoins goal to end governments? This is really a ridiculous question because  Bitcoin will not end any government, this is not going to happen. Politicians are smart and if they think they can use  Bitcoin or crypto currency  to their advantage they will use it (those greedy bastards).

Even the oldest tribe has some form of government because if they do not have one there will definitely chaos on that community or country. I do not agree on all the things that my government do but love them or hate them we need them and that is the sad reality specially if you are coming from a corrupt government.

Bitcoin will put an end to the banking system, and therefore very badly hit the economy, and so not the government but ordinary people will suffer. One has to think about this, that many people trust banks and accumulate paper money, but what will happen with inflation or even hyperinflation.

Not the government. What should end is that the banks and the money are circulating today. The amount of money we spend is due to the corruption of governments. We need to see where the money we pay for tax. Where and Who holds it Where it is used. To be good and secure the money we pay On tax.

Lol this sounds political to me, as far as I know, bitcoin has no intention of ending any government whatsoever. Bitcoin is about financial freedom and a way to cut down on unnecessary fees by removing middlemen, and the alike.
I think most counties today are based on democracy and which i think is true and fun fact we the people are actually the government.

Bitcoin is invented as a investment tool or as a medium of exchange. Its main purpose is to reduce the problems faced by common people in their day to day transactions. It is a decentralised cryptocurrency controlled by investors and traders, so how it can end any government. Infect a government can end bitcoins operation in their country. What bitcoin can do is to create threat or create competition for the current banking system.

Given its fundamental problems with high fees, block size and blockchain bloat, I don't see that its achieving its aim to become a currency and payment system.  It's no chance of ending government.

Absolutely yes! The only purpose of bitcoin existence is to eliminate and destroy all governments of this planet! This is why all governments fear it so much!

THIS IS THE QUESTION OF THE CENTURY!!! LOL

You're correct when you said bitcoin won't end government because every country or region need a leader and I don't see bitcoin end money either which I disagree with what you said. But I see bitcoin end financial and economic crisis.

I never heard of anything that tackles about Bitcoin to end the Government. First, How can Bitcoin end a Government? It's delusional, We all know that Bitcoin is a digital CURRENCY. Let's say we enter into your world and Bitcoin really ended "The Government", who will govern a country? Isn't that chaotic? No laws, no barriers, no regulations.

I think bitcoin's goal is to be decentralized, but I don't think it aims to end governments. Without the government, there will be no way to maintain order and to impose justice.

Not really. It seems to me like it was always set up as a trustless alternative. I don't think Satoshi ever claimed that he wanted to bring down anything. It certainly has the potential to disrupt the status quo, and may actually threaten banks in the long run.

Either way, governments themselves have started to accept that Bitcoin is here to stay, applying regulations and charging taxes for it. Governments and Bitcoin are going to coexist for the foreseeable future, nevermind what the anarchists say.

I don't think that is the main reason why the bitcoin was established was that to eliminate the government because even though our officials in the government are corrupt and abuse a country would be disarray without someone leading or ruling them. I think the very reason why bitcoin is created by its developer to encourage people in investing, and provide convenience to people's everyday life, by having freedom in your currency without intervention from any government or third party persons.

Not to end government completely, but to just end total government control of the monetary system.

I don't think that bitcoin can end any government

Hi,

I don't think bitcoin will end government. Banks and financial institutions may be weakened by bitcoin, posibly erased from our habbts (for the best) but bitcoin cannot replace a government. Especially, in coutries where the government provides public (free) services such as school, healthcare, and so on.

Bitcoin is a way to get rid of a power managing and makng all decisions about money. As bitcoin is not controlled by an individual, it is supposed to be neutral, incorruptible. But it is not enough to rule a population!  ;)

Absolutely not, governments are always adapting to society, if there is a more technological society governments will adapt to it.

I think the BTC, is a great technology, but don't have the power to eliminate the government. Because the government is so complex, and act at a lot of systems, like health, education,
infrastructure...  Changes will happead, but not so extrem

I don't think so. when their citizen use all their money to buy Bitcoin or their work's payment is bitcoin,then government didn't has record of their money right? So government can't force their citizen to pay tax because Bitcoin is anonymous

Thats not what bitcoin want.. Satoshi created bitcoin to have new currency that government cant control to give people opportunity to ear and get profit to it.. Bitcoin is to help the government give jobs to the home based people and not to destroy

I think bitcoin will not end governments. I think bitcoin give the opportunity to people to manage their own finances without any of government interfere. we can spend or receive money without any border and without limits. the infrastructure we need is the internet, without internet, we cannot use bitcoin. if government realize that from bitcoin, people can solve the poverty and they can solve their problem in financial and people will free to use their own money.

Bitcoin is designed not to destroy government. Bitcoin has been made because People wanted to prove that It is possible that All people can have a currency that is cannot be handle but it can purchase and buy anything, and that is Bitcoin, a crytocurrency. Bitcoin goal is to improve monetary system of the world. It also helped the people manage the finances and cash of people without controlling and managed by the government. People can manage and create their own account or wallet without putting their own details about their identity.

Are you serious? then tell me how Bitcoin will be able to end governments? Even though governments cannot control Bitcoin, this does not mean that the government will be gone. the goal of Bitcoin is to be a peer to peer payment system to make transactions without the help of financial institution like banks (that makes banks useless) but I also doubt that the banks will disappear because of Bitcoin being mainstream for the reason that banks are supported by governments and officials from government are not fool to allow this to happen because they will lose their power. Just imagine a country without a government, there will be full of countless crimes.

I personally don’t think so because i consider bitcoin as a currency which is used for transaction and other necessary payments so bitcoin will never end to a government and it will help in execution and other proper utilization of money in a easy way.

Bitcoin's main goal is to end the dominance of banks by providing a P2P platform for people to send and receive money independently at very low fee.But with its increase in price and pseudo anonymous nature,it gives an image that it is marching to end governments.But is true that its ending the dominance of governments by making people financially free and remain free from hands of the governments.Now instead of bankers,governments have started to treat bitcoin as a rival to them.

I think that bitkoyn does not have any political goals in terms of global destruction of the governments of different states. And he can not pose a serious threat to some governments. Governments are an integral and most significant part of any state. The state itself can issue normative acts on the prohibition of bitcoins and any crypto currency if it sees a threat to their existence in them. If this does not lead to the fact that bitcoin will not be used in this country, however, its circulation in the shadow will already be in a depressed state.

Bitcoins are not really intended to end things, it is actually aimed for improvement. So maybe banks may end.

not ending the government but starting a new economy for the individual and of course the government will not let it go.
because any asset that greatly affects the economy of a country should be legalized and the government will intervene in that regard.

Governments don't just look after economy. They have numerous other things to do other than framing financial policies.
Whereas bitcoin can only revolutionize finance sector. What about surveys, enumeration, roadways, railways, infrastructure? Can bitcoin solve all these problems?
Absolutely not! So bitcoin isn't the end maker of government at all.

I do not believe that bitcoin can end the government. If it really ends the government it is dangerous. I think bitcoin was created for the sake of helping people. It helps create jobs and creates a stable source of income for everyone to benefit from it. Bitcoin does not link government so it can not threaten the government.

I don't see yet any reasons for the government to prohibit Bitcoin, why do they need it?

Bitcoin can't end governments and central powers including banks and other companies. The idea of bitcoin is the disruption of the traditional market structure and financial system. The disruption is enough, no need for an end.

I agree here. Bitcoin will simply put and end to banks. Governments consist of more than just money.

It is true that the ideal behind bitcoin is somehow to displace the current centralized economic system through a peer to peer exchange, which would undoubtedly seriously affect the interests of any government by losing an important source of income via taxes, however I do not see a manifest political agenda in the bitcoin bases that could compete against the public administration of nations and displace governments.

This is rubbish how can a digital currency end the government? do you even know what the government is? why not say bitcoin will end banks?

That's impossible, unless you are thinking about maybe debalancing the economic flow run by those said governments because they will not be able to tax Bitcoin transactions, which will maybe close a few banks.

I think so. In my opinion and by the way i see it, satoshi envisioned bitcoin to be as something that can be a currency free from any restriction and from the chains of the government with it's never closing eyes that observes 24/7.  That is how i understand bitcoin and the reason why it was made. Really couldn't think of any reason.

Infrastructure can be provided by private companies with the resources to have private pieces of infrastructure, such as roads, bridges, electrical networks and so on. It's a fascinating look into anarcho-capitalism, probably one of the funner political ideologies within the libertarian (or fiscally conservative) political region.

Bitcoin isn't really there to end world governments, just be something that governments have to compete with so that it's harder for things like 2008 to happen again. Of course they're never going to really compete against it, but we can wish they were competing so that they're actually doing what's best for their people.

In which article did you read that bitcoin will end government? How could a country or the society move wiyhout government? I think the best thought woukd be, will bktcoin end bank? There that question would be so close to reality since bitcoin did not use banks to have your investment grow. But in some country bitcoin is already regulated by the government to insure security for your money and prevent fraudilent.

Kinda my thought or should I say we share same opinion but you heard that countries are baning it as they can't earn from it and should I say afraid of what it can become new world order change of rich and poor in some cases which is not in their interest which would greatly affect governments and its function (result no working class which could make chaos) and as you know banking familys kinda control world and kinda run governments with their influence as one can't exist without other (and my opinion that BTC didn't have that intention but will have that end result). Anyway we will see what will future bring.

Complete freedom,and as for internet believe me so does the government as it can't function without it nowadays.

End banks, end exchange and end paper money yes.

bitcoin have zero problem against government only future money.

in my opinion it is impossible ..
bitcoin has not yet mastered the world's finances. and bitcoin in the design is not to destroy the government. the government system is very strong and smart, what else finance .. and even they have financial intelligence to monitor the state financial situation.

It was writen on the real Whitepaper of bitcoin, well, Satoshi didn't meant that he wanted to end governments of banks, but he wanted to replace that type of economy with bitcoin, obviously that it is going to be impossible, but who knows? Maybe he did not even expected to see his project increasing by more than 100000%

to mention that the more governments try to outlaw bitcoin the more the demand for bitcoin will likely increase
governments can ban bitcoin, but whether they can fully destroy it depends on how aggressively they discourage its use

no, we dont want this, despite all the armchair anarchists that exist on the board. basically, there is no point to bitcoin is government has largely collapsed. to hell with a bank, to be plain, but even they are a necessary evil at this point. but in reality, bitcoin is a freaking program, not a movement. it wont topple a damn thing; a gove will instantly outlaw bitcoin if it becomes a real threat. so bitcoin may change the way we look at money, but bitcoin is not about to be a revolution LOL


and with this tax reform passed, the stratification of wealth in society will get even worse :) use bitcoin to leverage your wealth, the window to be "great" is rapidly closing, folks.

Bitcoin doesn’t necessarily attack the government. Instead, it focuses on the monetary policies. It is a threat to them because unlike other currencies, it is not regulated by the government.

I don't think bitcoin was made to end the government or even attack it. Bitcoins purpose was to create a decentralized currency wherein it can't be controlled or regulated by anyone. Its purpose was not to attack the government at all.

No, Bitcoin's goal is not to threat any government but to end the Central Banking Monopoly and giving people anonymous and decentralized crypto transaction power.

It is true, bitcoin never be a threat to banks and government yet it was decentralized. Banks are planning to integrate bitcoin with their system and governments are trying to accept bitcoin in their countries. I assurely that bitcoin will change fiat currency someday but it is not fast as what we are thinking of.
Bitcoin plays a vital role on our economy nowadays however, bitcoin will not change the government because government is part of the state and the government ruled citizen to become unified and be essential part of our world.

The best comparison right now is gold which is an asset. However because bitcoin is essentially un traceable it can be used to avoid tax which could impact a government's fiscal policy.

Maybe ,,this is what satosh's plan and Idea to end the government and start each of our lives work for our ownselves and grow withour the governments..but for me its really hard to do that thing..It may be a chaos though

How can it end banks? This is highly impossible. The only effect Bitcoin or cryptocurrency will have on banks is to render them redundant and not totally abolish or end tye banking system. We do still need fiat in some instances when we exchange btc to be used offline.

That is not the goal of Bitcoin. Bitcoin is not really that directly hostile to the government. It might be perceived to be like that but we should not insinuate Bitcoin to be some kind of a sedition tool. Bitcoin is just an alternative form of currency which is digital and anonymous. And if some people are not keen on centralized system then they will enjoy and make use of the invention which is peer-to-peer.

Exactly. Banks, governments, bitcoin doesn't have to end anything. Its revolutionizing an alternative way people can do transactions and the likes with cryptocurrencies and blockchain tech. I don't underdtand why it has to be viewed as something to end a current system

No it's goal is to create a decentralized marketplace where we can trade in an easy to use virtual and safe currency outside of anyone elses control like we once use to do when we traded good and silver but now we have banks and things so there is little anonymousity. Bitcoin fixes this.

It's easy, all infrastructure will work on chargeable mode. You'll pay for roads, medicine etc as ICO investments :)

How is that possible? Government doesnt involve only dealing with currency. Even if Bitcoins become the only currency in the world, there is no way it can end government. Government will make regulations and intervene in Bitcoins to own it  or make people accountable for their use of Bitcoins.

I think it will not happen, because after all the government will take action to block bitcoin, for some bitcoin governments is a threat.
and for some governments, bitcoin is the solution to improve the economy of the country.

I think you misunderstood it. Ive read that they want to end the ban that established by the government to bitcoin. They are more likely want to end banks tho. People just want to earn money with freedom and without a huge fees like we do but it doesnt mean they will end government.

Certainly not. Bitcoin is made to facilitate human transactions remotely (between cities, countries). Bitcoin is not meant to end government, but Bitcoin is made to make it easier for a country in financial affairs (and not all areas of government). Because Blockchain's technology is transparent, I think the government should emulate the technology so that corrupt country money is more easily tracked.

I see your point is not correct. Bitcoin's goal is not to replace or influence the government, but its purpose is to help the economy grow, the currency is not inflationary and people have a common currency to trade with. each other in the world without having to mediate at the present time. So Bitcoin's goal is to keep banks closed, the money is not affected by the current institutions.

we never want that, and it will never happen. we just want bitcoin legalized and acknowledged by the government, and then the government makes regulations and rules about bitcoin. it does not matter if the government wants taxes from bitcoin owners.

The Bitcoin will create a new "Bretton Woods system", means that USD/Eur could be relied on bitcoins to instead of golds. A new era will start and most of countries will rely on the blockchain storage for a fair trading.
Those countries which does not hold too much bitcoin will be difficult to gain it within the trades. :o :o :o

No bitcoin was never intended to disrupt any country, bitcoin was created so people not get controlled by banking system, and bitcoin could not destroy any banking, and  how could we build any infrastructure without the help and the permission from the government, bitcoin purpose is to make an easier transaction among people in the world

Not at all...BTC never had any AIM to end govt. It is just a change/bring revolution to current economic system of the country. People are shifting from Fiat to digital currency, coz it is fast, reliable and also cost effective in term of less transaction fees(specially International transaction are fast and reliable with min transaction fees.)

Bitcoin was made to be away from banks and control. It can end the usage of banks, but it would probably not affect government in such a large scale.

I do not think Bitcoin can end the government, the government is not only a tool for managing money, it is also a coordinated channel to control the economy.

How did they even have that kind of result anyway? Because the closest thing I see about Bitcoin destroying governments is about Bitcoin users using it to evade taxes and of course money laundering, obviously with a considerable amount of citizens doing it not only your government will collapse but also your country, with a decrease in national income it won't be able to sustain your country's economical needs it will even have an opposite effect to your country. Bitcoin as a currency does not have any power to do it and if it reached to that point the government of any country can quickly shut it down with regulations or even laws.

I dont want to think this that bitcoin goal to end government, because no one can say bitcoin end up and i want to think good or to be positive and i believe that bitcoin were getting most strong.

As far as i know, it is never been made to eliminate the government bodies but to lessen the intermediaries such as banks and government personnel who are abusing and in control with the money around the world. Government are essential to unite and control people residing its premises. War will become anywhere, Drugs, crime, inhumanity and abusive acts will increase if this is gone. It is organizing body of an institution to see everything goes well in one nation. I firmly believe that no matter what happens in Bitcoin in the future, Government will still stand on own.

This topic have a point because we actually don't have government in crypto that can regulate it but that's not mean the goal of it is end government because we need that in life to have the limit in everything here and who determined the rights or wrong, we need government and nothing can stop that because it's like the judge of every country and we are going well because of the regulators.

I think bitcoin was not made to end government. Yes bitcoin was designed not to need a central authority but that doesn't mean bitcoin is gonna end government. Bitcoin was created so that two people can send or trade without having the banks or government go between.

Definitely there is nothing about the goal of bitcoins for making such bad and wrong moves. Bitcoins neither want to end government nor do they want to demolish the cash and banks from everywhere. They have very sensitive and smooth goal, like you have said, to make better running of payment methods and transactions done on such a fast rate and as a source of income.

BITCOININ MY OPINION isn’t that safe against government intervention as people think since you still can track it to an extent, anonymous alts like XMR are better at that

to end the bank maybe can. because now bitcoin no need bank and bitcoin can be trusted. so many people trusted on bitcoin and the price always going up. simple, fast, trusted and many reason to fall the bank i think. maybe can be true governments will end.  ;D ;D

Yes, I agree actually Bitcoin even improve one's economy even the economy of the country. Therefore I expect many countries that legalized the country lest its economy Bitcoin can be helped and better yet.

Ending fiat money isn’t that easy as people think for some reason, in some places without internet how do you think you are gonna popularize cryptocurrency to such an extent

Replacing the money isn’t enough to “end” a government, governments can start their own cryptocurrencys and call it their own currency, that’s what will happen in the end IN MY OPINION

Bitcoin never set himself any political goals such as the destruction of governments or states in general. If he sets such goals for himself, this will be the beginning of his end, since no one has the opportunity to destroy the form of state structure that existed for thousands of years, the obligatory attributes of which are governments, the army, the police, etc. The Crypto-currency should not go into politics if it wants exist among a multitude of states and perform its own functions.

Good question !
There is no single "end goal". What we have now is money-monopoly by the governments, what we want (what a free market with free individuals) want is a market for money. Bitcoin is just one piece, one player in such a market for various monie(s). We must work for a world where there is gold, silver, Bitcoin, Bicoing alternative 1,2,3,4,5,6++, e-gold, PayPal, StarAlliance miles, Visa, Mastercard and maybe even also government fiat-money. A world where there are so many various types of different kinds of money that it can not possibly be controlled or stopped.
We nedd MUCH MUCH more innovation in the field of money/credit/transactions, Bitcoin has shown us the light in one important direction to follow, there are many others still to be discovered by bold entrepreneurs.

Interesting viewpoint! Why exactly do you feel that all these current payment systems need to be stopped? I have personally used Paypal, Visa, Mastercard etc for a long time now with little to no issues whatsoever and they have made my life a whole lot easier. I like these payment systems and I do not wish to see them disappear just because governments can control them.

Bitcoin has emerged as an alternative source of payment and am loving it a lot, but I do not wish to see it replace the current payment processors like Paypal etc. Bitcoin is meant to be an alternative.

No way! Or maybe there is,  if everything comes to blockchain.  But governments will be trying damn hard to end bitcoin thats for sure.

Bitcoin is only a currency and it doesn't relate to anythig connected to ending the government. Government cannot be ended because every country needs rules to follow and leaders who regulate these rules.

Bitcoins goal to end the banks as we know this system. The way to it is started yet. Ripple is working in this direction very purposefully. We see the results yet. There will be even more. World is changing.

I don't think that Bitcoin exists to abolish or end the government. Even though they are considered independent, they are not really concerned with the welfare of the politics since they focus on market.

I don't think Bitcoin was created with the goal of ending banks and nor even ending the baking system, as far as I can think is Bitcoin was created with an insight of it being an asset to us and help us financially and also to get our finance system decentralized maybe

Bitcoin, or the block chain might have the characteristics like decentralization or freedom. And people think that it is a good way to escape from the arms of the abusive government, but it really depends on the government. We have these "government" to avoid chaos but they are ending out abusing third power and stealing millions to people. If these guys are good (some are) then all of the money they are accumulating will go to the more better status of the country, the concept of government is good but the question is what type of government do you have now?
And the block chain is not intended to be that way, if it has a lot of application in us then it has a more application when it comes to institution and government. Block chain is wide enough to have a potential in all of the institution and people who will use it.

Incorrectly, bitcoin only invites many countries to improve the greedy and non-mafia-free financial system and should be fully understood. Currently the world requires certain countries to rich and destroy the economy of other countries, this should be straightened with crypto currency because greater destruction will not happen if the economy is evenly distributed.

I don't see bitcoin ending government and also bitcoin is not even fighting or against the government, bitcoin is here to give us the ability to send money in a peer to peer level without any restrictions and also bitcoin is here as a secondary currency to it users and as an assets. Bitcoin does not have the features of government and can never be a government but a digital currency and a revolution in the world financial system only the bank can see bitcoin as a trait to them and not government.

The purpose of crypto currency and bitcoin, in particular, is to make life easier for people. The creators of the crypto currency did not set itself any political goals, including the destruction of governments or states. If the crypto currency will set itself political goals, it will very quickly be destroyed by an association of states that will not even tolerate a threat to their existence and sweep away everyone who will be on their way. States and governments have existed for thousands of years and no one has yet succeeded in destroying this social superstructure. It will not be possible and crypto currency.

This will never happen. Bitcoins are created to help human life, not to destroy governments. If it really threatens the government, I think it is very dangerous for human life .. and the government of nations will end up bitcoin.

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No, Bitcoin goal is not to end the government. Bitcoin started as a decentralized peer to peer payment system, don’t think so complicated.

Well, no one says Bitcoin can stop the government, just because a virtual currency cannot end the governments of the world, in the future Bitcoin can be supposed to be an active currency. And there will be private banks, many of which are currently banned from Bitcoin and there is no indication that it will allow it to operate in the future.

This is absurd. Bitkoyn himself will be constantly monitored by governments and if he somehow negatively affect the economy of the country, the government will establish rules for bitkoy to eliminate such influence, or make it minimal.

From all I know bitcoin was created for two reasons:
Everybody should be able to send funds online, even if banks reject you.
And then you have to keep in mind that bitcoin was created in 2009, shortly after the financial crises for which the banks were responsible a lot.
Bitcoin was Nakamotos answer to that crisis.

No, this is not the goal of Bitcoin and I think this is completely wrong theory.
Bitcoin was never backed up by any political option and I don't think the creator hasn't set any political goals. Economic maybe but political not.
Besides, world and countries without governments is pure utopia, don't have hopes for that.

Bitcoin is an open-source, its design is public, it is decentralized, nobody owns or controls bitcoin and everyone of us can take part on it. I dont think bitcoin will end the government. For me bitcoin was made to assist the government in terms of economy, and not to stop the government.

Bitcoin is good for the people and good for the governments as well it is not aim of the bitcoin to end the governments as it is good for the betterment of the economy and this is good for the people who are jobless or they went to abroad and through this they can send their digital money form one place to another and by this currency many people are doing businesses and this is the future currency so bitcoin is good at all for the governments and every one in the world.

The governments are not supporting it because it is a threat to their way of banking and that is why some of the governments are not supporting it. They should know that BTC could really help people and create a new system of payments and should support it by joining the development of it.

I do not know where this information comes from, but bitcoin, in my opinion, has never set a goal to destroy governments. Even to say it is stupid. The state structure with different forms of government has existed for thousands of years and still no one has managed to live without the government. Anarchists, Bolsheviks tried to do it, but in reality one form of government changed to another, even more ugly, and governments still existed. If bitcoin had set such a task, then at the first attempt to do something about it, it would be outlawed, and the persons who use it would be criminals and quickly lose its importance and be forgotten .

I don't think so. Governments may fear Bitcoin because it's value is determined by users and not central governments or banks. Bitcoin do poses a challenge to economic machinery of the countries. Governments are cautious about its growth rate and the development of Black money with Bitcoins. But Bitcoin is still too small to make government fear about their future.

Bitcoin is not capable of doing such thing. Bitcoin gives us opportunity to become independent from banks and governments at the same time. How? We can store securely our bitcoins on our own, no need to show your real ID anywhere. Governments won't be able to monitor our transactions. That's why they don't like the idea of cryptocurrencies, they are losing control. Terrorism became a huge problem in some countries, these countries will try to destroy cryptocurrencies because in their opinion it helps terrorists.

No and that wouldn't be a good goal either , not every government is only bad.
The goal is to give people control over their own money , with no banks involved.
Paying taxes is still a very necessary thing , and i wouldn't want to see my country without a government.

Bitcoin was designed to be able to bypass a third party, which includes the government and that's a threat to the extent governments can control the finances of their people. That's however quite far from having anything to do with a goal to end governments, fiat or anything. Bitcoin seeks to innovate the financial sector and that's all.

I don't think bitcoin has that kind of agenda, goal or objectives. Not even close, it's a complete
ill fated fantasy so to speak. Bitcoins are a currency and a form of solution that tends to help and
improve systems involving money and payments. I couldn't fathom the idea of a government toppled
to ruins by bitcoin or any other cryptocurrency. Bitcoins existence maybe a threat to government
related sectors concerning fiat and currency systems but bitcoin is justifiable innovation that was
always meant to assist, improve and offer optional and reliable solutions to people, businesses,
investments and on broader scale the governments. It's greatly meant to help not to destroy.

I think bitcoin was created not to end government but to help government  in our economy. They can be business partners so in every transaction they have both shares. Bitcoin makes someones job easy because we can do it by our own.

Yes I agree on that i beleive that bitcoin is really created for the bright future and it is a big help in our economy. Because it motivates people to do good things because they may have find a reason to continue their journey because of the big opportunity that bitcoin has. Bitcoin helps the government buy giving a huge income with its different simple ways to earn.

No, definitely it isn't. What I can see from different bitcoin investors thoughts about it is we are becoming more exaggerated and overwhelmed with the great profit that is about to flow in the near future. But it's obvious that bitcoin isn't created that way. We can easily distinguish the use of a cryptoCURRENCY and it doesn't mean that it will end government just because it is decentralized. Government will not disappear and even in the future and about infrastructure, I wonder how OP came to that point of asking.

Bitcoin will certainly not end governments nor will it eliminate banks. And that wasn't the purpose when Bitcoin  was developed. On the contrary, both governments and banks will be using Bitcoin soon, because they now see the advantages of Bitcoin and Blockchain.

i didn't know bitcoin is like communist? :) bitcoin is not meant to destablish governments rather offer another platform of investment and transacting.

What so you think in a country without government? I don't think you'll have investors for your ISP knowing that no one could implement the rules to protect their business.

So.. Without internet, your bitcoin is worthless. So better not hope that bitcoin would not end government.

Is it because bitcoin boosts criminal activities in the black market, as the media said? I think this is pure nonsense. Dark network black market this year because of some media reports since it was the domestic public know, we think most of these things with a curiosity. Actually going to buy bitcoin for criminal activities is simply going away. The first thing you need to get into Dark Web requires a complex set of technical tools that make it easy to overwhelm a large number of people. Even a normal foreign website we can not visit, but also want to visit dark network? I think the percentage of people engaging in criminal activities in the purchase of bitcoin is negligible in our country.

Definitely this idea is more realistic in any way. Bitcoin might be decentralized but the government are having ways to be linked with bitcoin and that is the regulations on its transactions. Many might say that bitcoin is manipulated by some person but to think of it it only depends on how it works in the market and not by some manipulations.

Its a big NO since the government is already controlling the people and its movement by the laws. If bitcoin's purpose is to destroy the government or end it, then most probably government will shut down it immediately but its not, the bitcoin's main purpose is to be a currency where you can pay it legally on digital transactions. Not because bitcoin is decentralized it does not mean that it will influences the government.

Bitcoin is designed to improve the payment system and prevent a third party such as bank. Although Bitcoin has not fully supported by other countries due to some issues against the system but it doesn't mean to end government.

Apologies, I haven't read through the entire thread, so not sure if these have already been posted, but here is an interesting documentary on the economic philosophy of F.A.Hayek, particularly in the context of cryptocurrencies. I can't pretend to know much about it, but it sounds like those who have referenced his theories, to date, have never really tried to implement them in their truest sense.

What we're seeing now with the advent of blockchain technology and cryptocurrencies, might actually allow for a true exploration of this kind of economic policy.

https://vimeo.com/77643030 (https://vimeo.com/77643030)


Also, Keynes vs Hayek rap battle Rd1
https://www.youtube.com/watch?v=d0nERTFo-Sk (https://www.youtube.com/watch?v=d0nERTFo-Sk)

Rd2
https://www.youtube.com/watch?v=GTQnarzmTOc (https://www.youtube.com/watch?v=GTQnarzmTOc)

Not to end governments i think, it's more fit to end government corruption.
Because they will not get any tax from us anymore, they don't know how much money we held XD

The goal of Bitcoin must be to bring greater convenience to all people. I don't think it is to end the government. This theory is not valid.

Maybe the meaning of to end the government is don't let the government have authority to bitcoin. Ending the government is a large problem itself. How to end the government if btc is accepted by some government in the world. There are countries that accepts bitcoin presence inside their country. If bitcoin's goal is to end the government it could be a problem to the entire system inside and outside computers. You are right where infrastructure budget came from if government is gone and so many more activities that came from the help of tax.

I don't think the goal of bitcoin is to end the government. It's not possible. The goal of bitcoin is to end the bank, but I think it's also very difficult to achieve, because the bank has the support of the national government, which affects the national economy.

It is a big no. Its purpose is to help people get involve in online earnings specifically in bitcoin and not ending government. In fact government itself gets benefit from bitcoin, they would definitely not stop bitcoin as well since it already dominates our present economy.

I think the goal of bitcoin is not to end the government, but to protect the interests of every citizen. The goal of bitcoin is to end this unfair monetary system, and the central bank can print money and plunder your wealth without your consent.

In the BTC, these rogue states will no longer exist. Bitcoin is a monetary system that is completely out of the bank and runs on the Internet. Even the government law enforcement agencies cannot seize or confiscate BTC.

Hm.. I dont think so, but many government facilities will be affected with bitcoin, because they dont need like banks to transact using bitcoin.

Nope. I thinks bitcoin was created not to conquer or to wipe out the function of the government but to work with it and to function freely around even with the government itself.

As far as I know, never the goal of bitcoin was the destruction of governments, states as a form of government. The assertion that the crypto currency can lead to the destruction of governments is generally silly. This can not happen in principle, because the crypto currency can not. People have always united in states and this form of social organization has not yet been changed. The rulers of states withdraw or overthrow them, however new ones come to their place, and the state and the government remain. If the crypto currency will swing at such a form of government, it will immediately be outlawed with all the ensuing consequences.

Nope. I don't think so that bitcoin goal is to end government because we all know that bitcoin is here just to help us, rhe people who doesn't have any income generating things that may helps us to support our everyday need, especially financially. We all know that bitcoin helps us in positive way and do not intended to do some negative actions.

The purpose of bitcoin is not to destroy the government completely, but only to make our lives more convenient through a single digital currency, the safest of existing ones. The government will find something to do.

I don't see the connection between the use of bitcoin and the disappearance of the government. Banks will be reduced as fees are now will not require their direct participation, but the government will remain intact.

The decentralization of BTC is not the end of government!

The purpose of BTC is to prevent inflation and protect people's property from loss!

People use BTC to conduct their own transactions, avoid financial intermediaries such as Banks, and save their transaction costs!

absolute stupidity. bitcoin will not be able to do away with governments

No, Bitcoins goal is not to end governments but to provide freedom to the people with their money and get them out of the clutches of the banks. Bitcoin was made to remove the need of banks and create a decentralized currency whose owner will only be the people themselves.

Although bitcoins are free from government and generally considered free currency, it does not depend on it and the government can not exactly influence it.

Who among the people in this forum would said that? Isn't that over achieving? How can bitcoin end the government when money is not the main reason why the government is existing? Even wars that are much heavier than bitcoin could not end the government.

In what reason will bitcoin do that and what is the purpose? Bitcoin is created to ease transaction and for convenience of payment. I can't see how it will ruin the government unless of course put into the hand of the wrong people.
If the impossibke instance came that bitcoin has ended the government, who will hold the foundation of the government? Those that attain a lot of bitcoin? And who will be the peasant? Of course the less fortunate individual.
And btw, that scenario is happening always even without bitcoin.

The main reason for the creation of the Pitcairn is to support decentralization and to remove the restrictions imposed by banks and not to get rid of governments.
If you notice that Bitcoin appeared after the global financial crisis and the problem of trust with banks.
Satoshi designed this system to conduct transactions and payments without the need to resort to a third party must be trusted.
Bitcoin is not intended to destroy governments but to achieve communication between peoples

I don't think bitcoin has a goal like that nor the power to change the government itself since bitcoin some how do not have a group of people governing it. Bitcoin has been great in changing and giving the people a new look on how currencies should be and its existence is for that matter. I don't see the need for bitcoin to overthrow the government much more take part in anything political.

I don't know exactly what Satoshi Nakamoto wants to achieve from bitcoin. It may be as mentioned earlier, to avoid intervention from the government. But I think, Nakomoto seems to have something bigger that we don't know. Clearly, he wants a more efficient financial system.

The idea of bitcoin came from cypherpunk which gave Satoshi Nakamoto an idea to eliminate third parties in monetary transactions between peers. It does not aim to abolish the government but to gain trust between people transacting with each other. Those who are saying that BTC's goal is to destroy the government are probably just conspiracy theorists.

I do not think that bitcoin aims to destroy the government but the purpose of bitcoin is to change the system of transactions applied by the bank. Most societies and corporations in various countries have always complained about the banking transaction systems that use large transaction fees and taxes when conducting fiat transactions in large quantities. Bitcoin is present as a solution to the problem and hopes blockchain technology applied by bitcoin can be glimpsed by various countries to be the solution of the problem so it is not possible bitcoin can destroy the government, bitcoin is present to help the government in the economic sector.

I don't think so. Bitcoin is unlikely to end the government, and its goal is to end the bank, which is to change the world's monetary system. But I think it's hard to do. Because the currency is controlled by the government, it is hard for bitcoin to overthrow the existing monetary system.

Well, I really don't agree with this fact that BTC or any other cryptocurrency can end government. Majority of governments worldwide are cracking down on BTC and other cryptos as it won't benefit them to shift the entire financial system to cryptocurrency. The only way government will accept crypto is once it's regulated, something not acceptable to the crypto community.

I agree with what you said because the reason behind bitcoin was not to end the government but to fix the problem caused by the government in terms of financial crisis save people from hunger.

Bitcoin diffusion will not end governments. Governments are necessary to set the rules of common life and to guarantee the safety of citizens. The economy then creates and destroys the instruments of exchange throughout history.

No... that cannot be happen and hopefully shouldn't be. Even the emphasis of your question is not specific what kind of government since lot of private and non profit organization that aren't to government linked to are also opposing to Bitcoin financial system. The ultimate aim of virtual currency presented by Bitcoin is to provide fast, convenient and secure transaction in financing network.

Absolutely it can not. The bitcoin was created so it can collaborate side by side with the government to prosper the community.
The government controls the regulation so their community can live their lives in the country, while Bitcoin offers an option for the community to manage their wealth (whether it from investing, get some jobs, etc.) so the community can be better.

I actually prefer Bitcoin's goal to end the country's poverty, that suites the main foundation of Bitcoin.

No bitcoin is created not to end the government.It's created to replace a bank and make the cashless society.If bitcoin accepted through out the world,bank will be no more.

There is a division in the people of the world about how they feel about their countries and what their countries must do for their betterment and welfare. A large portion of the people of the world feel pride in their countries due to their race, ethnicity and religion where there are some other people who prefer the economic welfare over the other thing. Therefore, bitcoin cannot be an instrument to end the governments at least not in next hundred years.

I don't think bitcoin will end the government. Government does not function alone on bitcoin. Even if bitcoin prosper, the government would still exist. Maybe it would affect the banks because it will affect their income.

the presence of bitcoin is not to end the government you may misunderstand the opinions of others.
even I see bitcoin can facilitate the government in building infrastructure.

I do not think it is to put an end to the government, but if we end the restricted system of the world economy, it has become a strong element that basically struggles against the common currencies and that is why it has won several governments as its main enemies.

Bitcoin's goal is not to end the government of any nation. We need government for a nation to function. But bitcoin gives people liberty. Bitcoin is decentrlizated and therefore makes people there own bank. This is not what the government practice. Government print money and steal it and run down the economy, therefore making people suffer. No transparency with government.

I do not think that until such a time the government may embrace bitcoin to cooperate for technological development for now maybe with the cooperation of bitcoin government will be more secure and comfortable in we invest

Bitcoin with its special features will be popular and widely used in trading activities. Bitcoin, however, is certainly not a complete replacement for the traditional currency trading system, because the nature of Bitcoin is not a real currency. The security and privacy of Bitcoin will make Bitcoin quickly accept the acceptance of many, but Bitcoin will not do the government fall. That's not the purpose of Bitcoin.

yes I agree, I don't think bitcoin was created to end the government. it can affect the bank but I don't think the government. For me it is rather created ro help the governent in findig a job for their people..like if you are jobless you can earn money from bitcoin.

No one says Bitcoin could end government since it's plainly amazing, all Bitcoin could do is end/change/pass on agitation to current budgetary and money system. I'm what you heard were either "Bitcoin could crush an organization/country budgetary" or "Bitcoin could wreck existing dealing with a record and system currency". Bitcoin was planned to be made to end the way keeping cash structure works and give another course of action of portions. Regardless, people are not focusing on the portion side and are focusing more on the favorable position side of it to deliver more money for themselves. The progression of BTC is required as it has reached various people now.

I think you are wrong because the desire of bitcoin investors can be recognized by the government as the applicable currency, if it is already possible official in our investment more secure and comfortable in doing so

No, Bitcoin will not stop government but will rather help government in running  their business if they will incorporate blockchain in their system. Blockchain will reduce or stop fraud and make government transaction processes faster.

Bitcoin has great benefits in the field of economics and it affects other areas. But Bitcoin can not end the government. If Bitcoin is growing, Bitcoin is under the government is control.

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin gives power to the people.

I don't think so. It's here to end banks. Yes, if blockchain is applied also on governmental level, it can end the governments as we know that, but we're no there quite yet

No bitcoin was not created to end or eliminate government. I believe that bitcoins original goal is be used as a currency or a mode of payment with every transactions being anonymous therefore no other third party will benefit or implement hidden charges. With that reason banks and government hates bitcoin because they can't make money out of every transactions made.

There's a lot ways someone can keep bitcoin most of them are safe and some of them are even safest as example various online wallet service like coinbase provides service where we can keep our bitcoin safe but there's more safest system available such as external portable wallet available where you can keep your bitcoin and you can carry it anywhere you want. This method made bitcoin reserve even safe as long the portable device is safe the bitcoin will be safe. Then again online wallet services now providing more secure method like two factor authentication that made bitcoin transaction more secure and safe.

No basically it's not at all! Bitcoin's general goal is to be a means of earning to helpdo a lot of people. It could be way of currency to just how it is right now. I don't think that its capability of beingit decentralized means it will end government. There's no way and point that bitcoin is about to do that. It's just a fake news.

That's impossible, unless you are thinking about maybe debalancing the economic flow run by those said governments because they will not be able to tax Bitcoin transactions, which will maybe close a few banks.

No, Bitcoin goal is to facilitate the financial transactions around the world, and to offer people a decentralized currency out of the control of governments and banks , different than used fiat currencies.
And thats why it is still very attractive for so many people and new comers every day almost.

The initial goal is to create a bitcoin yes as a currency not to end the government. From the side where bitcoin can destroy the government, economists do not. Bitcoin absorbs only 1% of the country. So I do not think there is any indication that bitcoin can end the government.

Bitcoin do not have any concern with any government, it is only created as currency which can be use for shopping online as well as for offline shopping in  our local shops, i think that very soon bitcoin will become more popular and then more and more people will come to  know about bitcoin and they will also start using bitcoin, because it is more easy to use online currency as compare to fiat currency.

Banks? How can you say that? If you are thinking that Bitcoin will end banks because it is decentralized, you are wrong. IF you are saying it like that, that means you are also implying that money or fiats will also be ending which is impossible.

Bitcoin will not end government nor banks. Bitcoin is just a technology aiming to make our transactions and financial experiences more efficient and comfortable though it is now an asset and people are just earning it to earn money.

Bitcoin's goal is to end the control of currencies around the world by the governments and banks. Thats why people started to deal with BTC whenever it is possible instead of dealing with their centralized fiat currencies.
Of course this is against the interests of most governments which want to support only their fiat currencies controlled by them.

This is hilarious! Lol. Don't believe to those people who are saying that bitcoin can end government. It will never going to happen. Never. Let's visualize the situation of this scenario when it happens. Let's say bitcoin ends the government, what do you will going to happen? Of course it might lead all the country into division or the worst thing is war. Imagine, without a government? who will govern us? who will protect us? who will fight for us? Right? So it is impossible to happen that bitcoin can end government.

In my opinion that the creator of bitcoin want to change the world, it doesn't mean to end the government but to help people to have control of his money thru digital currency, to sent currency to other people with anonymity and without the aid of the banks.

No need to end it, but we need to improve it, more transparent operation, no possibility to steal from the budget, people have to see where are their taxes go, we dont need anarchy, we need fair world, and decentralised technologies will help with it

Yep, I think the same

"Bitcoin will end governments" I had heard many time but i don't know how to Bitcoin is end governments.
As far as Bitcoin released in 2009 after the financial crisis 2018, the purpose of the bitcoin founder generate a coin which is decentralized ,is not controlled by bank center and government, this is mean Bitcoin was generated to replace the current paper money and help the economy is stable, not to destroy government.
We need have government because the government manage many field of society, not only economy. But Bitcoin only impact on the economic field so Bitcoin will not end governments.

It can put an end to banks but not governments. Politicians will never let that happen and weaker section  has become addicted to being ruled.

Bitcoin cannot end governments. It may render banks useless but that is still far from happening. You control your own money and that is why banks hate bitcoin. Lots of people are investing in bitcoin and not in banks.

Bitcoin is not an enimy of governments. But some times bitcoins governments of some countries play a role as an enimy through restricting and banning it. I believe bitcoin can't treat government as an enimy and never think to end up governments.

the most power full governments will lose the most powers due to cryptocurrencies.

imagine the american parliament isnt able to print unified money, for its decisions, missions, expeditions.

this means of course that those governments lost a lot of power.

it will of course then be very negative also for bitcoin if there wont be govenments around anymore.

To end goverment is really not related to the goal of blockchain. The aim of bitcoin is to use in real world. They want to change the traditional banking syste, that is the purpose why a lot of you coin now. They insist that Blockchain is better than Bank in term of transaction fee, speed and you can directly transact to people anytime anywhere in world.

#Taklimakan

Every country needs  people of their own to lead them.  These leaders are the one who lead and make rules for people to follow. They are the ones who are called the government, because they have powers, they can do anything they want in their country and so others currupt and steal the wealth of their country.  With Bitcoin, the government cannot steal the money of the people.  Bitcoin is not here to end the government instead Bitcoin is here to help, because it is decentralized nobody can control it.

Basically.., it doesn't mean the enemy, but it's more lucent on some things consideration of everything that can be inflicted on the government associated with all things associated with bitcoin including its nature until the government forbids it. Well, the point here is that bitcoin is not aimed against to the government, it develops naturally over many responses.

Even if it is, governments will destroy it before it does

I think bitcoin is not designed to end the government but instead increases world policy actions. I think the government should support bitcoin by updating our policy to adapt this new system. I believe through bitcoin, we will avoid future financial crises that save all economies in the world.

I don't even think so that bitcoin is aiming to end government and hence bitcoin I guess couldn't replace easily the used of fiat's in every nations and country all through out the world. Bit instead bitcoin is an asset of every people who own it as a ticket to the brighter future they wish to have it as early as they can.

I can not think that bitcoin is meant to end the government, but I think the bitcoin needs government support because there are so many people who own the bitcoin and it has helped many people become rich and have a future bright.

I think something like this will happen, only more in the government of the state will lie on the shoulders of people.
the state will not control people and will help in life, because it will no longer be able to control

Are not. Bitcoin's goal is to create a more positive form of currency trading. Ensure personal safety and convenience. Bitcoin is completely formed to form a new trend in the future. The search for and investment in Bitcoin by the people will cause some difficulties for the government. But the government can not deny the role of the Cryptocurrency market. They can only set up a legal framework for management, not a complete ban on Bitcoin. The goal of Bitcoin is not to end the existence of the government.

No. Bitcoin's purpose is not distabilize government but rather help it through taxes from transactions as well as helping products move in the market.

Bitcoin will never end a government because government was established and will still stand even without bitcoin mainly because of traditional fiat money for transactions.

It is a threat to banks mainly but banks will do everything to make it unsuccessful. They are already spreading negative news related to bitcoins.

I think that Bitcoin's purpose is decentralized with such status so that people do not work in bitcoin. According to me, no government will want to end it. Because the government must pay tax from Bitcoin. Even Bitcoin works for the development of the country and the country. The country's trading system is fast. If it wanted to stop, countries such as Japan, China and Russia would accept it.

In what aspect? Just financial? Then ok because else the Govt cant be replaced because a govt has a numerous responsibility to perform

Whoever said that crypto will end governments has completely no sense. Good or bad, the government is there so that someone can oversee a nation. Without the government, citizens will just do as they please and chaos will ensue. Nobody to coordinate regions and rules will be mixed. And that is not the aim of crypto.

no its not bitcoin are not intension to stop or end governments perhaps they are heloing them people to get success

Maybe you wanna say to end banks not governments.

Bitcoin concept is not to end government or any organisation, rather, it's concept is to decentralize cash flow to every people in the world and benefit through it with digital economy in which banks or any financial organisation intervention is not required. Governments is to serve people in different ways like protecting them, providing security in the society etc but for Bitcoin it is just to decentralize currency economy to the people.

Lol. It will not end the Governments. Government would end Bitcoin, if they know they are in trouble :P I am not underestimating the power of Bitcoin or cryptocurrency. But the fact is what I said.

The reason for this hold on fiat currency for crypto is the banks are threatened. Stall and protect the corrupt.

I don't think bitcoin will end the government, it's impossible. Bitcoin will end monopoly banks, it will provide a new system of payments, replace current type of economy.

Nope. Bitcoint was not designed to end the goverment instead, it helps the normal people to have some extra income aside from their full time jobs. I think there are few goverments around the world that is really not into bitcoin and wants it to end as possible because it has some threat to them. And also, although bitcoin is really powerful right know, still it does not have the power. It is very impossible for the bitcoin to end the goverment because the fact that goverment is way more larger than the bitcoin really makes it impossible.

I do not agree. Without banks, we do not cash the bitcoins. And without the government it is impossible. It's like a car without a driver or a herd of some animals. Mankind, for the most part, is not ready for such a turn.

Bitcoin is the only asset in the world which is nt controlled by governments it is free and independent from governments the main intention of Satoshi is to free from governments

I do not think bitcoin is to end the governments.On the contrary, bitcoin governments can keep up.İf governments keep up with bitcoin, it will be much stronger.

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in the presence of bitcoin does not mean the government is eliminated and bitcoin is designated as digital money and bitcoin is set to use electronic equipment with peer to peer system, so the command is unlikely to lose in my opinion, and with bitcoin also many people helped for financial problems and facilitate payment transactions between cities and countries

I really don’t see bitcoin ending the government. Banks plus banking institutions may be destabilized by bitcoin, possibly removed from our minds but bitcoin cannot replace the authorities. Especially in countries where the government provides open free services like school, healthcare, and thus on.
Bitcoin is actually an approach to get rid of power making all decisions concerning money. As bitcoin is usually not controlled by someone, it is supposed to be able to be neutral, incorruptible. Nevertheless it is not adequate to rule an individual population.

Bitcoin and other cryptocurrencies have good chances to loose power of governments thanks to diminishing taxation pool.

I see a loop:
More people use Bitcoin -> less taxes govt able to collect -> less funds govt can spend on enforcement of taxation legislation and other totalitarian things like brainwashing and online censorship -> more people use Bitcoin and other cryptocurrecies as real pressure from govt decreases.

yes, I agree. The bitcoin is not designed to end the government but instead improve the world’s monetary system.I think it will affects banks. Bitcoin is digital currency, it is the future

I think this is not possible bitcoin will not threaten the government. Bitcoin is designed to help people with their payment needs and create good investment opportunities. Certainly bitcoin will not end the government. If it really negatively affects the economies of many countries. The government will end the bitcoin.

Nope. Bitcoin is not invented to end the government. Bitcoin is not against government instead, it helps to improve the world's monetary system. Bitcoin makes the lives of bitcoin users better and easier. Billions of people are using bitcoin. And also it expands immensely all over the world. This is just the beginning of bitcoin. It is not against the government.

Definitely NO, I think its goal is to improve the payment method and other kinds of transactions, to make it in a easy way.

In my own opinion, Bitcoin don't have any intention to end the government but to help them in many aspect such as in transaction and mode of payment. I can also say that it help the government to lessen the money scamming that has so many cases in every country. For that reason i can say that instead of saying the bitcoin's goal is to end the government, I can say that bitcoin helps the government a lot.

Right, if only government will give bitcoin a chance to be recognized it would be a big help because this will contribute a big impact to economy's improvement. And also helps every individual's monetary problem, it even give chances to those who are in dire need of money. So for me bitcoin's goal is not to eand the government but to help them.

A big no to this question. Bitcoin is just a form of reliable crypto currency. Its like the 21st century Barter System. Era of concept What I Have I will give to you and what you have you will give it to me.

I noticed that some people here hate banks and governments. Well, I’ve got news for you. Banks and governments are here to stay. Go live in Somalia or in some war-torn country if they want to experience what they’ve been wishing for.

Many people said it doesn't mean you need to trust them,I don't bitcoin will end the government, but it will end Banks actually. Because it will be good composition between bitcoin and government if they work together, all the countries problem will solve.

What the hell ? Right, if only government will give bitcoin a chance to be recognized it would be a big help because this will contribute a big impact to economy's improvement. Well gues what ? No man ! Your imagination is taking you to far, hahaha. And also helps every individual's monetary problem, it even give chances to those who are in dire need of money. Btc may have a great impact around the world. So for me bitcoin's goal is not to eand the government but to help them. And it give a lot of people financial freedom. They do not have to depend on the bank anymore, that is why govern do not like btc very much. But some countries can take advantage so they like btc.

Maybe that is not the goal rather helping to lift it up for better. Bitcoins function is to give to those who doesn't have in behalf. For that we will return and it is called an investment. By improving and keep the progress of bitcoin in the newly trend businness kinda innovation of marketing strategy. Their are different ways of helping the government through bitcoin. Just like for example bitcoin gives work to many unemployed individual.

Not to end the government but to end the transaction thru banks.Bitcoin goal is to give a faster and easy transaction and also the assurance that your money is in safe investment.And also bitcoin goal is to help the unemployed people to have a source of income.

Thats not possible, Government will still overpower bitcoin

I do not agree with this view. The governments are against bitcoin. I agree with that. But bitcoin is nothing to hurt the government.
The Crypto Stock Exchange is a step for the future. It has big advantages and disadvantages. Using it rightly.

No bitcoin goal is not to end governments. For me bitcoin goal is to help many people that are poor and to make our life better. There are so many people that are now rich or successful they are now satisfied on what they have because of bitcoin.

actually the government and bitcoin can go hand in hand, the bitcoin depends on the attitude of the governments of each country, if they let the bitcoin let them run without their monitoring then the government will end, but otherwise the bitcoin will be able to help the progress of a country.

No it is not to end government,it is to end banks.Bitcoin is for easy to transfer of money to another person at less cost than the bank.It is to end bank.

Who said that? That’s the dumbest thing he/she said. How Bitcoin will end government? Will there be a good thing when no government? Bitcoin is development and improvement. Bitcoin will be going in and be involved in the government transaction in the future. Make you idea leading to the future not going back to the past. I can't imagine a world without government. Are going back as cavemen?

No not really , bitcoin goal is not to end the government but rather it helps to improve the government and to develop new policy for the sake of community in one country when it comes to poverty, money transaction and businesses. Bitcoin will really helps a lot to government if they really know what's the advantages of it and how to use it right.

For me, i think bitcoin is not created to end government but to give solution to the banking problems we have. As a payment system, bitcoin could is fast and could  be send anywhere at anytime with low cost. It is open 24/7 and no middleman needed to process the transactions.

How is that going to be possible? Bitcoin has nothing to do with government, the only sector bitcoin will affect is the banking system. Moreover it is given the people a choice, no one is forcing another to use bitcoin. Bitcoin only offers a transparent and fast transactions. It doesn’t offer governing services.

Imagine a country without government, typically Somalia, which is thought to be sectarian, illiterate and poor. Indeed, Somalia is one of the poorest countries in the world.

Thanks to the blockchain, the government's work will become transparent. It will be perfectly clear where, where and how much money goes

I do not have any idea about whether Bitcoin will end the government because I want the government to accept it as a form of payment or it could be new investment. We should not make Bitcoin and the government become rivals because Bitcoin never becomes a winner.

Even if we wanted it to happen I don't think bitcoin could actually end the government or even change it, bitcoin as a currency may have drastic impact in one nation's economy but that couldn't actually change the whole system itself. Bitcoin may suggest changes and new outlook in how government works but the governing system of the world can't actually be dismissed for it may ruin the peace and order of each nations.

I guess its not that it is the main goal of bitcoin. Its basic purpose is for digital transaction and ease way of payments.. With the use of the technology of blockchain its use become easier.

I do not think so. Just want bitcoin to help the countries do not even manage the bitcoin point of view because bitcoin helps the poor and want to lift the poor. Because of this the bitcoin helps the to manage to exploit our countrymen who are poor

Bitcoin can not end the government. An unmanageable chaos will occur without government. At that time Bitcoin could not exist. Obviously, all progress in all fields is to build the government in particular and the country in general. Bitcoin is the dominant technology in the financial sector. Sooner or later, the government and Bitcoin themselves have made improvements to coexist and develop the same goal of benefiting the population.

Bitcoin doesn't mean the end of governments. Bitcoin, of course, is trying to confront the Central government, but it will not be able to completely eliminate it. Some state institutions may lose their need. Such as banks for example. In General, the main purpose of bitcoin and blockchain is the fight against taxes and corruption.

Bitcoin is not developed and bring into existence to end the government. It is created to help us have an upgraded monetary system. The purpose of the bitcoin are to have a digital transactions, invests without hassle, be a source of income, and easy payment. If bitcoin will end the government that is impossible to happen I think our world would be in chaos due to no one will ever have a control to someone and no one will monitor our doings.

I think governments around the world have already bought and continue to buy bitcoin. Maybe they kept bitcoin in the red zone for a long time, which would be cheaper to buy.

no, bitcoin don't aim to end any governments, Bitcoin aims to keep people free from government agencies to watch their every financial trail, to end the dirty central banking business - governments are not the enemy of Bitcoin.

IT IS A BIG NO! Bitcoin's creator Satoshi Nakamoto do not want to end the centralization system of the government but to provide a reward to a mining process which where bitcoin is given to the miner, this was the main goal of bitcoin. Things just get confused because of much potential of bitcoin to be a currency because of its efficiency.

this is totally insane thinking bitcoin will never end the goverment... it may on opposite side.
the goverment will regulate and make the coin to legalize in their country... bitcoin needs goverment to introduce the coin to their people in this way, there would be many investor to come in and will result to value increase of the coin

Definitely NO. It`s too naive to talk about the soon end of governments. Governments and political organizations have been here for centuries and no force can interfere that easy into their routine. Ecurrency is a modern type of traditional payment system and officials of many countries are afraid that this technology poses real danger to traditional structures like banks. Some of them try to legalize it, others are strongly against but for now that`s all. It`s better not to panic)

I don't think that bitcoin has a goal to end the government. so far, I know that bitcoin is trying to solve the financial problem, make a fast transaction and not trying to end everyone. maybe they need to read about the bitcoin projects and take a discuss to the bitcoin user so they know what exactly the goal of bitcoin. bitcoin proves to help people and give them a chance to search a new source income to solve their problem, especially in financial problem.

I think not yet, it still can be affected by goverments and there are many things to do to make it better: transaction speed, fees, security,...

No you can't end governments, Bitcoin and cryptocurrency in general were created initially so that we can eventually move away from our current financial system (which let's face it will inevitably crash).

in fact,bitcoin can have a big impact on changing banks.but its goal is not to eliminate the governments.because ministries need to be organised and bitcoin won't play a major role there. :)

Bitcoin’s potential lies in its underlying technology, a secure system with built-in authentication of transactions and record keeping, which could change the global financial ecosystem and as a consequence change some aspects of government's role.

I don't think Bitcoin is here to put an end to banks or the governments, no. It is here to be able to improve and evolve the current financial system all over the world. It is here to help so I hope that banks and the governments worldwide would be able to see that, see all the good things that Bitcoin is offering, work together to a certain goal, to help the world's economy through Bitcoin and its technology block chain.

Bitcoins are created to serve people. Bitcoin was created to improve and unify the monetary system in the world. bitcoin can not end the government.

I don't think bitcoin's  can end government .
 without government all people or its citizen's have their own laws.
Laws are the most important in a state.
I think.if bitcoiin be the head of state there is no legislative ,judiciary and executive form of government .

The government runs a country and bitcoin is just an electronic currency. It only allows people to transfer money faster with lower fees. In addition to that, bitcoin does not have any benefit.
I think there are some people who worship the bitcoin too much, this has become very bad. We should not let this negative thought be spread widely. ???

Bitcoin is a currency like others but with some other behaviors comparing with fiat. But earning and trading bitcoin is something that wasn't easy before but today trading and experimenting with money has become very easy and it is user friendly.
So people are getting most of the bitcoin and not everyone has the ability and the opportunity to get and spend the bitcoin in such ways which I can congratulate them!
Bitcoin worth $9k because is the first coin that has been an innovation for this decade and is being used by millions of people and I think that bitcoin price should be much higher.

If the goal of bitcoin is to end government, I'll just say its not a bad idea. In my country the aim of the government is to loot public funds and stack them in their warehouses and farms, while the masses are suffering. They don't even try to elevate poverty in the country, but blockchain has tried to take some of us off the streets. Imagine graduating from college and no work, minimum wage is low, but the government officials are being given wardrope allowance, holiday allowance etc, of what use is the allowance when they don't work for the masses but steal funds allocated for projects. I'll choose bitcoin anyday over my government

Well, actually that was not really the intention why Bitcoin was established and being formulated. Although it is a far away currency from the government access, I think it is not really intended that with this reason, people will make assumptions that Bitcoin is making the government to be ended. It is just that it is made to make one's life to be comfortable without the concern of banks and even the government so that we can gradually do have a full access with our own money thru its transparency and the capability to make our money grow due to its fluctuation that is much observable compared to regular currencies.

The goal is not to end governments but to take control more of our finances, I think it does not the power anytime soon to end governments because that could mean chaos or a possible civil war in the future. We are just upgrading and evolving from an outdated system that we used to live in.

I guess, BTC can help to end era of banks. But governments will stay

Bitcoin can be a major threat to some of the governments (such as the one in Venezuela) which indulge in manipulating their national currencies. Bitcoin gives the freedom to the citizens of that country to protect their wealth from government seizure. That said, the normal governments don't have anything to fear from BTC or any other crypto-currency.

Even if the btc or other non-governmental currency completely replaced the legal currency, the government of a country could never be abolished because the functions of government can not be eliminated. Unless you live in anarchy.

nope bitcoin will not end governments ,but it all make governments financially less powerful .the world needs governments and laws with out em its gonna be a wide wide west.

Bitcoin can never end any government neither is the goal. Why???. We the people are government. Bitcoin was created to empower the people, i.e government by decentralizing power, giving power and control back to the people from the bereaucrates.

Well, not exactly the government, but part of the power they have, as well as the banks that would end up

if I think it is Nakamoto satosi create bitcoin to be a transaction tool like paper money. but not to end the government order. bitcoin wants to run side by side along with paper currency.

Many say it like that. And from a government point of view it would be that way too. Because bitcoin can not be controlled by the government and could be a weapon that will strike back the government. I mean the government thinks it could be bitcoin disrupt the economy in the country.

Bitcoin are not really intended to end some things, it is actually aimed for improvement. Yes bitcoin was designed not to need a central authority. But that doesn't mean bitcoin is gonna end government.

bitcoin is not to end government,but bitcoin is going to be used as a medium of transaction globally very soon

I do not think so! The goal of bitcoin is not to end the government. That does not work, and we do not want that to happen. The goal of bitcoin now is to achieve high prices creating a new breakthrough. Bitcoin's target is $ 10,000.

i think it can't to end the government, we know that government is always find the bad of bitcoin, and right now bitcoin is banned in some of the country, its because bitcoin doesn't have an office that government can check if something happen ( criminal using bitcoin as their payment, corruption ) so of the bitcoin will end the government its like an impossible goal

why stop the government, if that's the case I will return your question as to where to stop bitcoin. we live need all things for the common good. with the bitcoin I just hope through bitcoin, we will avoid future financial crises that save all economies in the world. The government must work side by side with bitcoins and other crypto currencies. not eliminating one good thing that already exists.

I don't think that's the end goal for bitcoins. Rather it is adding an alternate decentralized monetary system that doesn't need banks to operate. Only the people will operate this kind of technology. Bitcoins give back the ownership of their money to the people.

I don't think bitcoin can be successful to eliminate the government system, government is a useful tool to maintain the peace of one country specially the rerelationship with the other nation. We love bitcoin because government has no control over it and I am happy with this setting. But if bitcoin plan to stop the system of the government that is a hard thing to do and impossible to happen.

Off course use of bitcoins will change existing economy situation. But i'm sure there’s no goal to end governments

I think rather than eliminate governments, bitcoin and particularly blockchain technology can be used to compliment govts.More so in making quick payments of government services.Imaging all the money that wiil be saved if printing of money ends

I think that OP have misunderstood the Bitcoin and its technology. The main aid of Bitcoin and Blockchain is to remove the Banking manipulation in transactions and giving more secure and low transaction fees for all financial transactions.

Bitcoin can't end the government because government needs to protect and sevure the safety of the people in the country. Bitcoin cannot end tye government because it is the one who facilitate the records and the who provided the infrastructure that needednin the country. Government is powerful so, bitcoin cannot end government even bitcoin can provide money for poor people.

This is a big truth hat many people are saying that bitcoin is a illegal and government of many countries are near to ban of remove from.the online world with hard restricted rules .
But Im actual already many countries government made bitcoin legal to use because they have no option to stop the use of the bitcoin , even they can make rule to no to use bitcoin but in Actual they can't stop people to use it .
So for the most of the government, it is a big need that they declare bitcoin to be use under many restrictions .
So here we should not think about this matter that governments are going to remove bitcoin in any way .

I do not think, bitcoin is created like a bank in terms of transactions, will be nicer and better bitcoin than in bank,
Bitcoin is made to facilitate transactions and not under government auspices, the government feels it is destroyed just bitcoin because of losing rivals with banks and no input to the country.

I don't really think that bitcoins want to end government rather those people who wants to sell and buy drugs, weapons and people online are the ones who make issues between bitcoin and the government because if they do something bad with bitcoin it will alarm the government because government wants a peaceful lives for their people.

not the goal of bitcon to end the government because bitcoin wants to help people and no one wants bitcoin but only helps people.

rather, it is not. bitcoin was created not to end the government, in order to circumvent it as a system in the implementation of transactions.

Bitcoin never had the goal of destroying the government and, besides that, he is not able to do this. Also, bitcoin and other crypto currency can not destroy banks. People who write this seem to have no idea how government agencies and banks work. Banks and governments are an indispensable attribute of each state, and it is better not to conflict with the state of bitcoins and all the crypto-currencies, because the result will obviously not be in favor of the crypto currency. The state as a form of social structure and government as a way of a concrete organization of such a device has not yet been succeeded in destroying anyone, and they have existed for thousands of years. Bitcoin and crypto currency can only be introduced into this system of social device in an evolutionary way, and no more.

not to end government, but bitcoin is more convenient and easy to pay for in the form of digital coin.

I don't thinl bitcoin will end governments, because governments don't only have to regulate money in a country, and apart from economy, other ministries still need to be organised and bitcoin won't play a major role there.

No,Bitcoin just on its journey which will never end.Actually government have threat that Bitcoin will disturb the whole economy and financial activities because Bitcoin is decentralized blockchain based technology and no one can control it.

Bitcoin is the big revolution in financial sector and it is expected in future Bitcoin will global currency and government will realize that Bitcoin is best for stable economy.

I've also read articles discussing bitcoins, but i think it wasnt made to do that. It would be just a colateral if so.

Bitcoin to end government is a very declaration. Bitcoin cannot end government rather it would put an end to the sole Monopoly of the banks on the people. With blockchain technology and decentration, people got freedom to do whatsoever and however it pleases them. This is what the Bitcoin technology has come to preach.

The goal of Bitcoin is financial inclusion for the 40% of people in the world who don't even have a bank account.

First and foremost bitcoin's goal is to transformed global finance the way the internet or world wide web changed the flow in online market. Generally, bitcoin's doesn't have any goal to change and control the governments.

To end goverment is really not related to the goal of blockchain. The aim of bitcoin is to use in real world. They want to change the traditional banking syste, that is the purpose why a lot of you coin now. They insist that Blockchain is better than Bank in term of transaction fee, speed and you can directly transact to people anytime anywhere in world.

Thanks to the blockchain, the government's work will become transparent. It will be perfectly clear where, where and how much money goes

I think Bitcoin will be the main currency in the world in the future. When it happens, governments will be more transparent. Banks will not be able to stop Bitcoin in the future and they will go bankrupt.

Bitcoin gains more power as governments and federal reserve central banks cause more inflation. So while it won't end government, because we need new laws and leaders to sustain society in general, it definitely provides a check and balance to how they can print and spend money. In Venezuela for example the government completely ruined their fiat currency so now the citizens are using Bitcoin just as a means of survival.

I don’t think that BTC team has a “goal” to end emu government, however this may happen to some countries with weak and unstable economic

I don't know where that idea came from. You can never run a country using bitcoin, if you know what I mean.

Bitcoin can not be controlled and can not be lowered. No one cares what the government is doing. Where they get tired and in the end they will lose hope. So bitcoin can end the government impractically to happen but slowly. 8)

Bitcoin will not end the government because it's not Bitcoin's goal. The main purpose of Bitcoin is to facilitate the exchange of money at a minimal cost by anyone anytime and anywhere. So it will not end the government. But the government must support and if necessary create rules that can be mutually beneficial.

Well, it is not the goal of bitcoin to end the government and that is for sure, the first thing that came up in my mind is that bitcoin really has something to deal with the online transactions, their main goal is to make life easier by easily transacting payments, online money transfers with less paper work.

The most dangerous thing of goverments is they are reducing the trusts of investors in Bitcoin which means there will be less people trust Bitcoin, want to own Bitcoins and all of them just want to sell it instead of buying.

Yeah i'm totally agreed, Bitcoin was made for a better opportunity in exchanging and trading between peer-to-peer. It wasn't born for any kind of polistic purpose at all. It's all cause of other's imaginations that Bitcoin was born for something like polistics.

Even from the start bitcoin's goal was not to end government. From the moment it was here the purpose for an easy to users as payments in an online transactions. Yes actually that is to help users as much it could. Many purpose of bitcoin but it's not to end government.

Bitcoin goal is not to end the government its impossible to happen bitcoin is only a digital currency. The goal of a bitcoin is to change the way of living in one country by its platform of being decentralized, to make an easy method of payment compare to cash and to use it as a business platform to help the poverty in one country. So bitcoin will never ever change or end the government but to develop more and to improve one country.

Agreed

bitcoin is innovation. ANy banks and financial institution that ignores bitcoin and cryptos will be left behind in the development. This new tech of blockchain is secure and transparent. Most banks and govt are closed to public views of their financial statement. That is why some govt and banks are affraid of bitcoin because of miss management in the financial sectors.

Of course not,  bitcoin it s a great help to the people who are in need of financial problems.  In fact bitcoin help the government because it gives an extra job to everyone who believes in crypto.

thats right , bitcoin isnt intended to end governments and infact most governments do usually helps promote bitcoin. Like for example in our country, the government here warmly embrace bitcoin and give bitcoin an adequate exposure to the public by introducing it to some known and local companies. Right now bitcoin has been widely known offline as it is now fully functional to use as an alternative aside from credit cards and fiats.


the goal of bitcoin is to change the way we live and not to end the government.

Government will never end. We need Government in our country. Bitcoin have many benefits but to end a government  I think never. Bitcoin can change our life in comfortable but I think it never goal to end a government.

I dunno either, for me Bitcoin is for having a currency which may serve as payment and it doesnt mean to be something like this like be known in the world and be so expensive that will lead for the people to be crazy about you, I think Bitcoin aims to help people to have their profit without being inbolve in any public entities that will lead a person being vulnerable in any human induced disaster.

No one can dissolve government even bitcoin vice versa, we need government also. The focus now is to end banks because they are the only who benifits from our money.

No of coarse,for me the goal of bitcoin is to end the transaction in bank.Bitcoin is to have a easy and faster transaction at the same time is the security that it has.And also the goal of bitcoin is to help needy in financial expenses to give stable status.Bitcoin is not against goverment.

..........Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence

I think it is not true if it is true of course the country that uses bitcoin officially why continue to go forward and develop my sense of mutual cooperation can both make them grow

I do not think that will happen, a system of government must have a controlling and responsible. Maybe the technology will adopt but the system is different.

100% agree.  ;)

I strongly agree on your opinion that, bitcoin can end banks because bitcoin doesn't need banks to be used and also don't think that, bitcoin will end governments, because governments don't only have to regulate money in a country, and apart from economy, other ministries still need to be organised and bitcoin won't play a major role there. And adding also my opinion that, No one says Bitcoin could end government since it's obviously impossible, all Bitcoin could do is end/change/bring revolution to current economic and currency system. In addition, rather than ending the government the main motive of bitcoins is to end the dominance of Governments itself, bitcoins want to end how everything is being regulated by the people with major authority and that doesn't make government.

I don’t suppose so. Technology over time has been more of a blessing than a curse to government of nations. Fincancial solutions are developed time after time. Bitcoin is just a way of decentralizing your funds and globalize human transactions.

I do not think that way. It's only possible that the government should support bitcoin by updating our policy to adapt this new system. Because with the people's bitcoin in their respective countries will avoid the future financial crisis that saves all economies.

Indeed many think that bitcoin will discredit the government. But i think not, it depends on the government who dare to take the risk of bitcoin or not. Because bitcoin can be said very sensitive if we see the price.

That is not the goal of bitcoin, the goal of bitcoin is to become the most popular payment method worldwide. Bitcoin provides support to the community and society with advanced technology features. It has a conflict with the operation and management of the government but the bitcoin to end the government is not. That never happens.

Bitcoin can never end any government neither is the goal. Why???. We the people are government. Bitcoin was created to empower the people, i.e government by decentralizing power, giving power and control back to the people from the bereaucrates.

I dont think the end of governments, but i think it will make governments much less powerfull, because they can not stop, freeze or ask questions about transactions, it will make things much easier, like buying something in another country.

It gives more power to people. And more anonymous.

You are over estimating Bitcoin. It's a revolutionary idea and bright technology, but it's just a currency and it can't end governments.

I think Bitcoin will be the main currency in the world in the future. When it happens, governments will be more transparent. Banks will not be able to stop Bitcoin in the future and they will go bankrup

Bitcoin cannot and ill not end governments anytime soon and that is no even its aim. we still need the government for other reasons such as policy making, defense of human rights and  other sectors of the economy including maintenance f law and order. BTC is no everything but rather just a form of income an and a medium of exchange

in fact,bitcoin can have a big impact on changing banks.but its goal is not to eliminate the governments.because ministries need to be organised and bitcoin won't play a major role there. Smiley

Thats not possible, Government will still overpower bitcoin

Not to end the government but to end the transaction thru banks.Bitcoin goal is to give a faster and easy transaction and also the assurance that your money is in safe investment.And also bitcoin goal is to help the unemployed people to have a source of income.

I really dont think bitcoin was designed to end the gorvenment.it was created or built to end the rate of poverty and the moneytry system around the world and mayb probably the bank.but government?i dont think so,the point is the government shouldn't have to regulate money in a country alone just the economy.but bitcoin is only a network that enables a new payment systerm and completly digital money.Rather than ending the government the main motive of bitcoins is to end the dominance of Governments itself,bitcoin was created to end the way banking system works and provide a new system of payments.

I think it's the government that will stay in power over the bitcoin. Because the government has the power to ban the circulation of bitcoin in a country. There is a possibility when governments of all countries work together for that. Because the main element of a state is the existence of government so I think bitcoin will never be able to end the government.

I do not think so. Actually, Bitcoin and the caretaker can make peace as long as there are regulations and regulations that support each other.
The government needs to review Bitcoin, and its use can be granted permission to use in a country, it will definitely benefit all parties.

I think not, and it is certainly not possible, you see the government has the control over almost everything within the state. I believe disregarding government is not the aim of bitcoin.

i believe one government will fully implement the world of crypto to aware day to day lives

For me, bitcoin is not created for the purpose of ending the government, government is there to ensure and promote the general welfare of the community. Bitcoin is the new digital currency that we can use to buy products to selected merchants who accepts it or make it is an investment.

No, definitely not. The goal of bitcoin is not to end the fiat money or end the government but to help the people, the way they live anf the way they used their money. Bitcoin is very helpful to human it makes our way of living much easier than normal, we can pay bills in just a click, buy a products online with the use of bitcoin, etc.

I do not think so. I think Bitcoin's main goal is to make it easy to make transactions and now it can be used as an investment asset. I really do not want this to happen. Because I also still want my country governed by the government. And Bitcoin will never end the government.

An interesting point of view, but I think that everything in the world is not accidentally happening, quite possibly we are standing on the border of grandiose changes in the world order. In the process of the evolution of society, at different times, various methods were used to control people, religions, powerful armies, national money. All this is relevant for its era, we are waiting for the BTC era.

For me it is negative because government control the country and they can do whatever they want to control their people.

Maybe the meaning of to end the government is don't let the government have authority to bitcoin. Ending the government is a large problem itself. How to end the government if btc is accepted by some government in the world. There are countries that accepts bitcoin presence inside their country. If bitcoin's goal is to end the government it could be a problem to the entire system inside and outside computers. You are right where infrastructure budget came from if government is gone and so many more activities that came from the help of tax.

First and foremost, bitcoin is a digital currency and not a governing body. Secondly, bitcoin cannot be totally regulated and its purpose is to provide a secure way of transfering money. With this, i don’t see any thing that would imply bitcoin’s goal to be ending government.

I do not think that bitcoin will change something so drastically. All the same, the institution of government was formed over the course of centuries. And to change something now it is also very time consuming, or we need a breakthrough technology, without any problems associated with it.

I think bitcoin's goal is to be decentralized, and I don't think it is developed to end the governments. Without the government, there will be no way to maintain order and to impose justice.

This is definitely not true.  Government plays a vital role in country's economic status, peace and order, education, business, and other fields concerning in growth and development of country.  Besides, bitcoin might be a possible partner of government in reducing poverty and solving different crimes related to poverty.  Cryptocurrency might be a Government partner in developing new technologies specifically through the presence of ethereum platform that opens an opportunity to launch different projects with high technology equipments and tools  that solve daily difficulties we encountered in our past-face world.  Maybe if bitcoin is widely accepted and legalize, we do not need banks but we surely need Government to run our country. 

No, how could you think that way
It is not ending governmental system, we just make it easier. Not always dependant on bank monopoly system
Payment will be seamless comfortable and a lot easier like never before

yeah but I think developer certainly would not think that far, but imagine that bitcoin system is decentralitation and can not be controlled, while it is different from the wishes of the government that controls everything? you know that bitcoin can not be totally regulated right? so I think the bitcoin or blockchain financial system with the government is very different? that means there is a competition there, but I think the government will always win

bitcoins goal is not to end government, that is just a misconception of ending the government authority as bitcoins and all other crypto currencies are backed by fiat currency which means for local transactions  the bitcoin users have to exchange the bitcoins to fiat currencies then deposit them in the respective users bank account which is involved with the government so the bitcoins users are  also paying tax by transferring to the individual users bank account. Some have a misconception that bitcoin evade tax payment there is no such thing all the bitcoin users are converting their bitcoins to fiat currencies through their bitcoin users bank account and so there is no anonymity only thing is the users will have full right over their earnings, they does not have to go to third party to transfer funds.

That's not entirely true. Governments are unlikely to be able to destroy, and bitcoin will not be able to do so. But the distribution of forces in the world bitcoin can do. It will be able to change the structure of state institutions. For example, the financial institution will undergo huge changes, if not disappear. And of course over the banking hegemony

You have too much expectations of Bitcoin, the purpose is not the revolution and some kind of war against governments. Besides countries can't function without governments, this would be a chaos and anarchy. I don't say that system couldn't be better but some organisation and system have to exist.
To my opinion too many people are connecting Bitcoin with totaly wrong and sensless ideas giving it a meaning that doesn't have.

Bitcoin is not designed to end the government but instead boosts the world's monetary system. I think the government should support Bitcoin by updating our policy to adapt this new system, which is why some governments do not support it. They should know that Bitcoin can really help people and create new payment systems and must support them by joining in market development.

I don't think there is any matter of end of bitcoin by government but in actual many types of the bad things are happening with the bitcoin use for illegal purpose ( only by few people only where digital payments are not in wide range ) .
Most of the governments are looking to legalise and control and want to make into a better and perfect way to use , but many governments are not able to make better rules so few of them are against to remove from Thier country, and few of them are thinking and planning that what should they do and many countries government regulated bitcoin directly to use with better taxation rules .
So don't think that governments are going to ban bitcoin in any ways , but they are creating perfect ways to make bitcoin more better to use with better rules .

No I don't think so. The government's role is help and of course govern (not rule) the society. Bitcoin also aims to help the society through giving the public new option of paying goods and services. I know that even though some governments doesn't see that bitcoin is helpful, there will be a day that both sides will be living peacefully and help the people together to achieve a better society.

As we see, countries have different approaches to bitcoin, and it does not look like a war is going on. The fact that some countries have taken bitcoin as a means of payment is a step forward to innovation, as bitcoin and blockcchain technology can significantly improve the standard economy and many areas of activity.

As far as I know, bitcoin never meant to end any government. Bitcoin is here simply to make the financial side of the world to be better and more people-friendly. With the help of bitcoin, people will have more freedom and security to use their money. Bitcoin also produces jobs for people who are in the struggles of financial source. Bitcoin is not bad for the people nor to the society.

i think nope way! Or maybe there is,  if everything comes to blockchain.  But governments will be trying damn hard to end bitcoin thats for sure.

No, I think it's not the government to destroy anybody,, because it is a currency that is available online, it is not actually available, and it is profitable, it can be called a development in the new world, the government has no target. But there are some things that are bad for society, if it uses bad things.

There is no need to end governments to make Bitcoin the dominant currency i think. So, i don't believe that Bitcoin aims to end governments but the future of the banks is not so bright it is obvious.

Bitcoin won't make society work without any governance force, but current centralized, repressive and extremely ineffective governments will definitely change.

Bitcoin was intended to be made to end the way saving money framework works and give another arrangement of installments. In any case, individuals are not concentrating on the installment side and are concentrating more on the advantage side of it to create more cash for themselves. The advancement of BTC is required as it has contacted numerous individuals now. The legislatures are not supporting it since it is a danger to their method for managing an account and that is the reason a portion of the administrations are not supporting it. They should realize that BTC could truly help individuals and make another arrangement of installments and should bolster it by joining its advancement.

I think bitcoin was created not to end a government. The government also has power over the circulation of bitcoin in a country. It seems that bitcoin will not end a government, bank, anyone and anything. Bitcoin users will still need banks as a means to cashout bitcoin

I do not think so. Bitcoin's goal is to help all the users who use it. I'm sure with people who use Bitcoin for sure their life is now much better. And I hope that the Government all over the country can legalize Bitcoin in his country and we can all fight for Bitcoin together. Surely if it happened everything would be better.

I think bitcoin was made not to end an administration. The administration likewise has control over the flow of bitcoin in a nation. It appears that bitcoin won't end an administration, bank, anybody and anything. Bitcoin clients will in any case require banks as a way to money out bitcoin

I think it's impossible to do. Bitcoin can not stop the Government. But, the Government can stop the bitcoin. Bitcoin I think was created to be side by side with the Government. To reduce the impact of the monetary crisis in the future.

Nah I dont think so. The creator behind bitcoin and blockchain technology want us to use this innovative type of tech to ease the daily usage of our money and other type of services and product that can be based on blockchain network.

I don't think so. I believe that bitcoin's primary goal has been to implement innovation all over the world. We need to accept the fact that perhaps, there is need to change how the fiat system works. Never have I ever thought about bitcoin ending the governments, simply because it does not scope that field.

Maybe the meaning of to end the government is don't let the government have authority to bitcoin. Ending the government is a large problem itself. How to end the government if btc is accepted by some government in the world. There are countries that accepts bitcoin presence inside their country. If bitcoin's goal is to end the government it could be a problem to the entire system inside and outside computers. You are right where infrastructure budget came from if government is gone and so many more activities that came from the help of tax.

I do not think it is to put an end to the government, but if we end the restricted system of the world economy, it has become a strong element that basically struggles against the common currencies and that is why it has won several governments as its main enemies.

I do not think that your conclusions are correct.
The main motives are decentralization (the inability to manage them by the government), which gives a little more freedom to citizens in the sphere of finance.

It's true that many are like that, but actually bitcoin is not for such a devastating government. Every point of view is different. But i think bitcoin is made just to help people in need.

I agree with what you said because the reason behind bitcoin was not to end the government but to fix the problem caused by the government in terms of financial crisis save people from hunger.

No, I don't believe that bitcoin is created to end government because government is develop to protect the people. Bitcoin also created to help people gain financial freedom. It is a powerful technology we can used to directly transact with another people anywhere in the world to send and receive funds headache free.

No, I am not sure. It is impossible, Bitcoin is the future currency. Crypto currency is the best payment.The government should accept bitcoin. no reason to refuse the future technology. In my opinion.

Yes, bitcoin is not against government and what make it negative from the government is because it is a decentralized system and that is for security of bitcoin system, I believe that bitcoin is the product of world's technology innovation and someday all people realized the importance of crypto currency.

Bitcoin like any other financial institutions does not have any means or future plans of ending government. That wont be possible. Because to an extent, the government of nations can still control the bitcoin system whether liked or not. However, Bitcoin system/cryptocurrency trading can affect banking system in later years because it doesn't need bank operations to work.

I don't know why you're comparing bitcoin with government. Why would bitcoin end the government?. Are you asking this because bitcoin is volatile and can not be control by government?. If yes then my answer is same NO. I believe government soon found some way to  trace transaction. Governments have all power and they can do anything. If they want they can ban bitcoin forever.

Yes I agree on that, bitcoin cannot end the government but it can help the government, comparing bitcoin on government is not necessary maybe we do not have to compair bitcoin to government because they are not the same. Government is the one who can make currency while bitcoin is a currency. I think the maker of the currency is more powerful than the currency itself.

I think that bitcoin have no any goals, people can use blockchain and bitcoin for many useful stuff and governments can do the same. In future national currencies can be easily based on crypto.

No, its main purpose is to end the monopoly of governments and banks from peoples money and make the people the sole owner of their money. Also Bitcoins purpose is to provide the ability for the unbanked and poor to be able to send money to anyone they want and also store it in Bitcoin.

Well bitcoin was designed to be uncensorable digital cash that could operate outside the existing financial system. Different actors across the ecosystem

have their own goals and objectives, but in-and-of-itself there is no overarching ‘goal and objective of the Bitcoin economy’. It is quite anarchic in that

regard. Perhaps reassuringly. The end goal is to avoid rip offs from governments and a small amount of international bankers who has controlled the world

through money. I think the way to get bitcoin is a big issue for me.

 I do not think bitcoin is meant to end governments, of course there are side effects such as btc provides a way of transferring money and dealing with money without regulations or taxes, but all in all, governments can use btc just as its citizens. So we will see in future how bitcoin affects the governments, but in my opinion there is no evidence that governments will be ended by btc.

Yeah bitcoin was designed  not  to end up the government but  end  third party intervention, but  because of that  government and bitcoin is some how  a little bit  contradiction because  the government  is  usually  aligned in traditional  currency.

This is not the case at all i think. The current banking systems do not meet the needs of people anymore. High transaction fees and time have seen a burden for our fast daily lives. I don't say bitcoin is cheap a trade tool but find it better in lots of ways. Still, it can't be overtake governments, these are very different phenomenon. Bitcoin can't regulate social life and security of borders.

I am not sure but Satoshi's vision was from a libertarian point of view, so you could at least say that he didn't see governments as very friendly concepts.

Bitcoin can works smoothly even with the presence of government. We could see that bitcoin is a form of currency which is likely to used by a country for them to have a form of market and transaction that could be a good point on starting a relation between the government and the system of bitcoin. We could also see that government want to get into bitcoin in some point that they could also have a good earning in bitcoin that could help the economy of a country.

Bitcoin was created not to destroy the government, Bitcoin was created to boost the economy to a new height, Bitcoin's application helps the payment network faster than the banks.

Bitcoin that uses blockchain database is not controlled by a party, but is very open to the public. It would be impossible for someone to forge transactions in blockchain. All transactions are recorded directly, transparently, and spread over millions of servers. Those who want to change or falsify bitcoin transaction data, have to hack millions of servers at the same time. So there is not at all the usual manipulation done by the upper class. Because the government is usually controlled by the upper class.

I do not think that Bitcoin's goal is to end the government, Bitcoin is supporting the government to help the economy grow and people's livelihoods will improve in the future.

I think doesn't mean to put and end to the government because bitcoin only affects the economy and financial state of the country. Banks will be the one affected or the one bitcoin competes with not the governance of the people in the position. So I hope that both the government and cryptos will do their jobs side by side

Bitcoin have a long life, i think in next future will positionate in the economy of many countries... And that will be magic :D

Nothing and no one can destroy government, no technolgy. There are those who command and those who obey. But bitcoins can dramatically change the current structure of workforce and financial flows. There will be just more space for making money and more opportunities for spending them.

I think bitcoin is not designed to end the government but instead improve the world’s monetary syatem. I think the goverment should support bitcoin by updating our policies to adapt this new system. I believe through bitcoin, we will avoid future financial crisis saving all the economies in the world. The government should work side by side with bitcoin and other crypto currencies. Bitcoin is gold.

I don’t think the reason why Bitcoin was made is to end governments. It was made to make our transactions easier, for short the monetary system of different countries around world. It would only end up terminating banks but not the governments.

without the government, an infrastructure will not run in the same way, it may be that you say that the therapy is already the responsibility of the government

will be difficult if the people in a country without government, there will be no continuity and security will not be maintained. possibilities that disturbed the banking system such as the conversion of conventional currency transaction tools to the virtual currency.karena if that happens bank functions will be replaced and it will affect the economy .

If Bitcoin's goal will end the government it seems like everyone will never try to use Bitcoin at this point.

Bitcoin is not created to end any government as far as I know. And I think that the government are just scared how bitcoin can give ordinary citizens of the country freedom and anonymity in their transactions. Bitcoin is helping people to earn money in investments and trades that the government can't put tax on.

bitcoin is a pioneer of decentralized services but the end of government I think is a philosophy and depends on humans view to the world and their connection and behavior with each other

The bitcoin's goal is to remodel the financial or monetary system and not deal with the issues of politics. But it is the job of the government to help people and be fair to everyone. So I hope that they give bitcoin and the whole cryptocurrency a chance before they ban it all. Working side by side not only to remodel the economy but the whole society for the better.

Bitcoin isn't in control nor it can take down. No matter what government do, they become tired and at the end they lose hope .So bitcoin can end governments but this is not practical to happen.

Bitcoin has no goal to make government end. If government end then who will manage our country.
We are very need government mate it will never stop government. Better we hope government support bitcoin and they can support each other.

Crypto does not want to totally end governments, we still need governments to administer this world for infastructure or moving foward for the country, crypto want to work in harmony with the government, and at the same time provide another type of alternative to everyone in this world but we can see the problem now which is that governments want to ban the cryptos from growing totally and not finding ways to work together with them.

That's not entirely true. Governments are unlikely to be able to destroy, and bitcoin will not be able to do so. But the distribution of forces in the world bitcoin can do. It will be able to change the structure of state institutions. For example, the financial institution will undergo huge changes, if not disappear. And of course over the banking hegemony.

There is a possibility that governments would end bitcoin but i really dont get the idea of how a digital currency would end a government. How can this be even possible???

Bitcoins goal is to be the new form of currency and not to replace anything in this world. The government plays a vital role in regulating and oraginizing things, we just need for it to accept and co-exist with bitcoin.

i dont think so . people only wants to invest here and earn some money bitcoin also taxfree safe and easy

I dont think bitcoin will end government because bitcoin is not a threat to the people in the country instead it helps those people who don not have job, many of them  are leaving with bitcoin because it ia the source of their income to fulfill their needs. And I think bitcoins purpise is help those people ho are needed to earn money and wants to help to grow the money that the users invest.   

I don't see connection here why would Bitcoin try to end governments. Bitcoin can first only  replace our digital money that already exist (visa,mastercard,paypal) and huge success for BTC would be if can replace our fiat(usd,eur...)

Bitcoin doesn't end banks or governments. It will help the government to rise because people can now have an other income with bitcoin. In other words  each families can now support there needs without relying in the government.

In my opinion, it should be accepted that bitcoin was created as an innovative technology, which is based on blockchain. The purpose of its creation is not to stop the government. Bitcoin simplifies the implementation of transactions, facilitates the conduct of on-line banking calculations. The government has its functions and can regulate the scope of the crypto-currency, including the mechanisms of taxation in the field of crypto-currency.

The government shoul accept and legalize the bitcoin. The bitcoin is the future currency, it is a the future technology. No country refuse it, the future it will needs.

it will never happen, my friend)) no doubt, blockchain is very potential and can replace many systems of our world. but not governments)) nope)) never. first of all, they would never let this happen.

To end goverment is really not related to the goal of blockchain. The aim of bitcoin is to use in real world. They want to change the traditional banking syste, that is the purpose why a lot of you coin now. They insist that Blockchain is better than Bank in term of transaction fee, speed and you can directly transact to people anytime anywhere in world.

Right, I also cannot see why bitcoin will end governmental system. Without system this world will turn to chaos for sure.
Bitcoin was created to make human life better, to complement the existing payment system not replacing it. Crypto for now work best in the case of overseas transfer

Yes, I believe Bitcoin has a lot of energy in the future, I am not sure who it uses, because it is the way to get Bitcoin deposited. My money is very quick
The crypto coin gold will soon begin to include the bitcoin in the national bank's reserve, because it will be the correct idea of ​​government

I don't think this way, bitcoin is just decentralized cryptocurrency created for people. The main purpose of bitcoin is to exclude government and other third sides from deal.

Simple answer for this is Not in out lifetime, It will take a lot more time for bitcoin to take over the world if that's ever gonna happen, still don't forget governments have full control over peoples lives, so it will never be easy, when they see it as a threat to them, governments shut down those projects and ban people from using them, and they will stay in control.

So either governments or Banks will not going to close because of bitcoin, the chance is to happen other side of this, Central banks and governments can really shut down Cryptocurrency. So no need to think of that or spread false rumors, just make your profit while you can and invest in real life projects and stay under the radar as long as possible.

No. Why would bitcoin will end the government if it is just a currency. The only aim of bitcoin is to be the worls no. 1 currency and to be used by everyone. I think bitcoin can only end banks because blockchain is more better than any other banks, so there are no reasons for bitcoin can end the governments.

The goal of the developers was to create a system of completely irreversible transactions, when an electronic payment between two parties takes place without a third guarantor party and neither of the parties, including any external administrator (bank, tax, judicial and other state bodies), could not cancel, block, challenge, or force a transaction.

Crypto is unstoppable one day it will overcome all opposition. Let's see what happens next.

I think bitcoin goal is not to the government , bitcoin is cryptocurrency this all about business and investment and if were talking about government , government is all about nations improvement .If both  government and bitcoin will combined that would good .

btc has not the power near the mission to end governments rather with the new blockchain technology governmetns could have more access in control and update it for themselves.

Certainly not, we would always need government of some sort in every human society just to balance things in other spheres. But it may drastically reduce the degree of government control on people's finances and economy in general. I believe the best is for both to correlate.

Bitcoin concerning about digital currency it has the source to improve new technology of the world and government has it's laws that people follows on it they have different options to make a progressive world.

I think its impossible because goverment is the center how the community growth and improve. Bitcoin can't destroy goverment it would not easy to do that. I think bitcoin will improve the goverment in field of transaction and build infrastracture it will be a source of income to have a better future in a country.

for the security and smoothness of bitcoin, it's supposed to be watching, everyone is afraid of losing money, because there is nothing to manage, if if the government set the bitcoin correctly, the bitcoin price will go up

Its not true, bitcoin goal is to improve more power to blockchain technology and help the users to improve their lives and not to end government, the government is the one who protect the people in economic growth of the country, they have different aspects.

How is it possible that bitcoin will end government? Because you are part of the governance system of your country. Probably it is where to shut down the centralized system of some agencies like the bank. Bitcoin can rather maximize the economy of individuals in the country.

Bitcoin does not need banks and is difficult to control. But to end the era of government is far away

yes right i agree with you bitcoin made not to destroy the government. precisely the presence of bitcoin has helped us, especially in the economic field. a decentralized bitcoin system can prevent inflation. bitcon will not destroy the bitcpoin government created to prevent the global monetary crisis.

we do not want that I think many investors who want bitcoin are well received in their country and the government is working together so our investment becomes comfortable and safe in investing

Bitcoin doesn’t necessarily attack the government. Instead, it focuses on the monetary policies. It is a threat to them because unlike other currencies, it is not regulated by the government.