If the powerful governments wanted to, do you think they could stop Bitcoin?

[katarin2030]

i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country,  they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.

I agree with that, government can take decisions whether to ban it or not, ultimately the decision takers are the government. Many countries still not given green signal to BC, recently China also banned the use of bitcoin. Higher authority have all the power to regulate it once govt says no, nobody can able to stop it.

[marcbitcoins]

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.

The government is so powerful that they can able to control or cease everything within their grasp. They could declare martial law against bitcoin and other digital currencies in which if people will use bitcoin they will face consequences of not following the law like life imprisonment or most worst is punishable by death. With these scenario, will you still use bitcoin and be against the government?

[Omega Weapon]

i think, yes they can, with the use of international laws regarding forex, tax and any laws stated in each country,  they can unite to form a law to halt mining by tax laws, with mobilized advertisement or blockout news regarding bitcoin and mis interpret it as illegal, they can, but let's us not give them the idea, let us enjoy bitcoin while we can.

I agree with that, government can take decisions whether to ban it or not, ultimately the decision takers are the government. Many countries still not given green signal to BC, recently China also banned the use of bitcoin. Higher authority have all the power to regulate it once govt says no, nobody can able to stop it.

The governments do not have the last word when it comes to anything, at the end people are the ones to take the decision, just look at the war on drugs, marijuana has been illegal for a long time and yet it is the illegal drug with the biggest usage and in many countries governments are giving up and making it legal, if people keep using bitcoin despite being illegal that is going to force the government to accept bitcoin.

[tee-rex]

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.

The government is so powerful that they can able to control or cease everything within their grasp. They could declare martial law against bitcoin and other digital currencies in which if people will use bitcoin they will face consequences of not following the law like life imprisonment or most worst is punishable by death. With these scenario, will you still use bitcoin and be against the government?

Governments are certainly not as powerful as they want to be or want us to believe they are. We hear it now and then that some especially rogue government has been overthrown by people, so it is not like they are almighty and all that. Too strict laws against bitcoin like severe criminal prosecution or even death penalty would definitely cause the upsurge of public indignation, revolt and disconsent. This is not what most governments would ever want.

[Paul stuart]

the government could kill bitcoin, they would whine to buy all the bitcoins in circulation by printing as much ticket as needed

[sclmte]

Governments will find ways to limit, control, and perhaps eliminate Bitcoin and other crypto currencies if they want to but they failed. Bevause I believe that even big governments have the power to crush bitcoin yet they cant kill it for sure. Because the technology behind it is too powerful to be controlled so the digital currency won't disappear.. So I don't think that Bitcoin is an easy target to get down.

[Yanisumin]

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

If all the countries will ban BTC then for example an overall BAN, people will have no choice, especially the legit ones will just sell all their coins and some miners will be forced to halt their operations BTC price will incredibly drop, it's not a matter of do you think they could stop BTC, but as we all know BTC purely relies on its supply and its users so even if there are people who are still using it in case of an overall BAN, there will be a lot of people who will sell and BTC will be again go in the dark market only.

Killing all the legal transactions is bad because no one would like to deal with a illegal currency, it may not stop the BTC completely, but it can kill its soul and the trust of people that is very important in a medium of exchange.

I think that if the government needs to kill bitcoin, and they take it seriously, they will succeed

Yup but BTC is okie as to what it is, let their focused be on other alts or how to improve cryptocurrencies mining.

[shaun98]

Don't think the governments would put that much effort into totally destroying Bitcoin. It would have to be a major effort undertaken by almost all the governments in the world. If just a few governments allow Bitcoin to be used freely in their country, the crackdown would fail. So no, don't think the powerful governments could stop Bitcoin and crypto.

[intoy_victor]

They won't be able to 100% stop it. As you see we already should pass a lot of steps of verification on all exchanges to exchange our bitcoins to fiat money and thats where the governments will probably strike ( and that will hurt). In other way we still gona be able to use it like we use cash (but I don't think that any store will accept btc so  you will only deal with other people).

I agree with your opinion. Even strong government try to stop bitcoin cannot do that in 100% because I think all over the world are using bitcoin right now but not all people.

However if world government or all government will allied and try to banned or stop bitcoin maybe that time only could stop all people to use bitcoin but bitcoin is still alive.

[turagsoy123456]

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

I don't think so...because many people who are the investor put thier big capital to this kind of investment.and the bitcoin is in the long run... Asa we observed.. Thier is no bad issues about bitcoin.and many unemployed people also benifinited this kind of investment as long as they have a good communication skills. They can gain money and with this issues the bitcoin are big help to the unemployed individual person..because unemployement is also the big problem to our government issues.. So it is very imposible to a strong government to stop the bitcoin..

[DesmondHayes]

Government is very powerful and all the governments of the world combined together could influence the state of the Bitcoin very much. They couldn't probably destroy the Bitcoin but they could lower the usage of it with the law. They could bring legal orders that would forbid the usage of the Bitcoin. Every transaction can be tracked and in the end, they could see the final user which got the share of the transaction. Most powerful of agencies can track the Bitcoin way even if we are blind believing we are anonymous. The government can ruin the whole system of the decentralization but that will not happen because the powerful leaders are also using their share of the "cookie".

[removebeforeflight]

It depends on each countries government since each government have their own policy to follow. Japan government have approved it because they feel and believe that bitcoin is the future money. However, China have stopped because it needs their paper currency should exists and don't want to further think of future prospects. The decision by government should be useful for the people, like Japan did, hope other countries slowly would adapt Bitcoin. Yes, government is powerful to start or stop anything in their territory.

[hackzang12]

Technology is technology and it wont stop that easily even the strongest person.. is just like stoping the world of internet! Bitcoin will grow increasingly and more years to come

[biskitop]

If the government wants to really close the bitcoin, but I do not think bitcoin can ever be closed.

[Creepings]

the government could kill bitcoin, they would whine to buy all the bitcoins in circulation by printing as much ticket as needed

Tickets? I don't think so, even if governments of all the countries banned bitcoin, they will not stop bitcoin's transaction because as we all know, bitcoin is a digital currency that is decentralized. If you think of it, some countries banned bitcoin and there are still a lot of people there who are using bitcoin not as a currency but as an asset.

[machinek20]

No, its not that simple to stop people from using bitcoin, its the same with drugs even all countries banned it, there are people still can get this stuff, world of internet is full of smart and creative people, they will find a hole to keep on using bitcoin

[dulce dd121990]

I guess even how powerful that government is it has nothing to do with the bitcoin. and even under control with the bitcoin. because this bitcoin is a decentralized digital currency.

[marroxas]

I think it can stop bitcoin because aw that is strong enough to scare people and make them away from using bitcoin then i think that it will be very possible for them to just stop bitcoin and shutdown it completely by banning it.

[Ranly123]

This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

If they could then they could have done it in the first place. I think the government are trying to stop bitcoin but since bitcoin creator is so hard to trace because of the anonymomity of the people using bitcoin. Right now all they can do is to regulate bitcoin to minimize the surge of bitcoin users on a country.

[bitbunnny]

They could implement some measures to weaken the Bitcoin and to make use harder or even illegal. Also with negative media and social media campaign they could make negative publicity in public.
Still I don't think that is in their best interest and their behaviour will not go in that direction. But the regulation will become more intensive and stronger.