Bitcoin Forum

I want to know if government is only problem bitcoin has, government is disturbing over cryptocurrency, is it possible for government and any other technology developer to introduce a coin that will dominate bitcoin.

Not sure the meaning of question. But sure, some government can introduce own coin which dominates any other - government just prohibits concurent *coin, if it would like to do so. But this prohibition will be valid only in specific country.

The reason why the government is creating this problem in bitcoin is that the government cannot control bitcoin,it is beyond the control of will take taxes and levies from here to introduce other currencies but it is not possible for bitcoin to be decentralized it will take time for the government to introduce other currencies as it will take a long time to introduce the new currencies. Bitcoin has been popular for a long time despite government restrictions everyone uses it online.

The problem is that the blockchain idea is being use in only a few ways that are possible. Think about the possibilities that could exist. There is at least one very simple form of blockchain usage, that if implemented, could take over the world in a short period of time. Once it got going, EVERYBODY, even those who hate Bitcoin, would become extremely interested in blockchain usage.

I'm not a big technology person, nor a powerful programmer. But I am highly surprised that the programmers at places like Amazon, or eBay, or with Elon Musk, or Etherium, etc., haven't figured it out and put it into operation.

They could rule the world, and the people would be on their side.

As it is, the big bankers have figured it out. They are trying to implement it in ways that will steal everything from the people.

8)

Bitcoin is meant to continue even without the government so, having them or not having them isn't really a problem.
Possible but no, unlikely.

Absolutely.Bitcoin can never be limited,it can never be stopped,it exchange can never be held,and that is exactly what's making government upset about it.They forget to know that Bitcoin has come to stay and not to go.

The different countries that have tried to stop Bitcoin are the countries using it the most,for example,China,and Nigeria.Nigerian government banned the usage of Bitcoin,but Nigeria is now the second most users of Bitcoin in the world,that is to say that where ever Bitcoin is already in use,it can't be stopped.

I don't think if any other coin can dominate Bitcoin,  Bitcoin being the first cryptocurrency. Other coins are made by being copied the features of Bitcoin. They try to be Bitcoin

Bitcoin is a new asset class, and can't be dominated within that class. There may be, and almost certainly will be, alternative payment systems that become more popular, but they cannot have the advantages of Bitcoin.

Bitcoin is the gold of Cryptocurrencies. It is valuable for its own reasons while there are other coins in the market too which are valuable. Though Bitcoin can never die, I don’t think we can ever be in a position to comment if it can be replaced or not. The crypto market is changing drastically. Who knows what happens next.

Anything the government can't control, they always see it as a threat, and they get rid of it. Bitcoin is decentralized, which can not be controlled by any Organization or Government. The Government restricting Bitcoin lead to it getting more popular, and probably gaining more users. Bitcoin have been here some time now, and will still remain the king of Cryptocurrency even if government introduce new Currencies.

Definitely the government gets paranoid when they can't control the rate a which bitcoin is incredibly increasing.
Despite several measures implemented to stop it, Bitcoin has grown massively over the world.
I don't think restrictions and actions of government in the future can stop the increase of bitcoin.

Yes government is the problem to Bitcoin,  but  there problem can't do anything to Bitcoin. Bitcoin still growing big

I'm not sure about owning their own project but what I'm sure is that after they notice that crypto or bitcoin is really profitable.  Im sure they'll collect taxes 😅

Bitcoin as a body has a lots of problem not just the government in particular but the influence that many so call billionaires have gain and used in manipulating the market for their own benefits. Bitcoin is a very volatile coin which is responsible for the movement of many altcoins that are in the market. Bitcoin has so much influence in the market that is why it will be very difficult for the government to develop a coin that could compete with Bitcoin.

The government is always looking for ways not to be outsmart and influenced by so call Bitcoin and it's altcoins  that investors are finding more valuable than Fiat or even gold itself. The government has a great role to play in the adoption of Bitcoin by country by country, although few countries had seen the need for Bitcoin and block chain network to be adopted but many countries are still fighting against it which is Crystal clear.

Bitcoin has other problems which are attributed to the way block chain network is being used for scam projects and and other hacking activities that is unsafe for Bitcoin and block chain users.

I want know is possible bitcoin to be decentralized or centralized, because bitcoin is already a decentralized currency and without it be independent it would be hijacked by another group of people, From what seems around anything that is in control of government always have duplicate and fake,

What the government fears most is that the unregulated state will have an impact on the financial market, and criminal acts such as money laundering will cause social instability. Most importantly, Bitcoin is difficult to control and will not be used by a certain government.

Further more maybe the scammers, been wondering as well tryna look at it from the government eye's, are they tryna prevent the poor getting rich ?
Or the prevention of cyber crime ?
Maybe cyber crime, don't you think people are scared of venturing into this because of Internet scam ?
I ain't certain over this, I'm just wondering.

As i get he said why the government try to control the crypto cause the currency which the government own is facing some trouble and getting loose its popularity .Its really true that but not most of the govt try to that we have seen that El-Salvador has already started to use it as straight currency beside their main currency .On the hand who are trying to strict and probate they are really don't know about crypto .Remember there will be no currency that can dominate btc as i believe .;