goku1525
Member
 Offline
Activity: 420
Merit: 50
|
 |
March 18, 2018, 10:53:52 AM |
|
I think the government can stop bitcoin with their power and shut down the internet because the internet is a way for people to use bitcoin. but I don't think that the government wants to do this because if they shut down the internet or stop bitcoin, then it will be a chaos in every place and they will face many demonstrations from the people.
I think it is more impossible to shutdown the internet just to stop bitcoin. All new technology are works through internet and even all the company and industry are dependent to internet which it cannot work without it. Bitcoin can ban by the government but will not totally stop it. Yes, I think the possible to ban bitcoin by governments is to shutdown internet .They cant stop bitcoin because people are really interested and have willingness to do such transaction like bitcoin. Internet is the most important to communicate with others If they shutdown internet people will make a protest, so I think bitcoin will never diminished by the powerful of governments. |
|
|
|
|
|
ovcijisir
|
|
March 18, 2018, 10:57:21 AM |
|
I think the government can stop bitcoin with their power and shut down the internet because the internet is a way for people to use bitcoin. but I don't think that the government wants to do this because if they shut down the internet or stop bitcoin, then it will be a chaos in every place and they will face many demonstrations from the people.
I think it is more impossible to shutdown the internet just to stop bitcoin. All new technology are works through internet and even all the company and industry are dependent to internet which it cannot work without it. Bitcoin can ban by the government but will not totally stop it. Yes, I think the possible to ban bitcoin by governments is to shutdown internet .They cant stop bitcoin because people are really interested and have willingness to do such transaction like bitcoin. Internet is the most important to communicate with others If they shutdown internet people will make a protest, so I think bitcoin will never diminished by the powerful of governments. They could regulate it, but I don't think they have any legal backup for bans. Bitcoin, having open ledger, could be used for governments to track transactions... |
████████████████████ OrangeFren.com ████████████████████instant KYC-free exchange comparison████████████████████ Clearnet and onion available #kycfree + (prepaid Visa & Mastercard) ████████████████████ |
|
|
TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
|
|
March 18, 2018, 11:46:36 AM |
|
Governments cant stop bitcoin but they can lower the price enough that you nearly lost your whole investment. Without government and bank approval bitcoin will have to fall back to a level where it is supported by the underground, probably back around $250, before rising up again for good.
|
60659 📦
|
|
|
Dragon5
Member
Offline
Activity: 266
Merit: 10
|
|
March 18, 2018, 07:09:36 PM |
|
The problem with the crypto world is not that bitcoin can be banned, but with ICOs and related companies are under SEC eye now. Court proceedings have already started, SEC is investigating cases of non-licensed companies involved in realising of utility tokens.
|
|
|
|
|
goldshops65
Newbie
Offline
Activity: 31
Merit: 0
|
|
March 19, 2018, 02:19:47 AM |
|
Bitcoins are so loved by global mass that if any govt dared to go against it then he would have to get crushed under pressure
|
|
|
|
|
Barcode_
Staff
Hero Member
Offline
Activity: 3234
Merit: 576
Join the world-leading crypto sportsbook NOW!
|
|
March 19, 2018, 02:35:14 AM |
|
The governments would not be able to stop their citizens from trading or selling bitcoins online, but the governments could always try to impose much more tighter rules and regulations on crypto-currencies and this will definitely affect the values of bitcoin.
|
|
|
|
|
Seeker#9
|
|
March 19, 2018, 03:10:53 AM |
|
That will be a remote possibility because almost all of the powerful countries tend to implement more on regulation and taxation rather than banning cryptocurrencies. The virtual currencies aready recieved some positive statements from G20 summit for cryptocurrencies. The ongoing summit is set to discuss the potential impact of cryptocurrencies and also coordinate in the effort to eliminate dta gaps in the emerging market. The summit will also try to discuss about regulations and adoptation of some existing rules on the governance of cryptocurrencies. So there is no possibility that some of these powerful countries will try to stop bitcoin and other cryptocurrencies.
|
|
|
|
|
|
pthnmj
|
|
March 19, 2018, 03:38:11 AM |
|
The governments could stop bitcoin. First, the governments could make bitcoin illegal to buy/sell/own bitcoin. This would reduce the demand for bitcoin for anything other than black market transactions. Second, they could increase pressure on anyone exchanging bitcoin for cash to record the transaction and identity of whomever they bought or sold from. This would make it much harder to use bitcoin anonymously and also substantially reduce the ease of using bitcoin. If the governments could do those two thing, it would stop bitcoin I guess.
|
|
|
|
|
volleyballslender6
Newbie
Offline
Activity: 26
Merit: 0
|
|
March 20, 2018, 05:14:07 AM |
|
Just because it has no taxation no Govt can ban it. If there were some more of the legit reasons then it would have been possible
|
|
|
|
|
|
Jessica2009
|
|
March 20, 2018, 07:31:40 AM |
|
I don't think that any government could stop Bitcoin since Bitcoin is a decentralized cryptocurrency that the transaction is done without any third party interference and it is done all over the globe freely. Since Bitcoin is not linked to any territory or financial institute we need only network connections and wallets for the transaction it is not necessary for exchanges so I don't think that even powerful governments could stop Bitcoin even if they wanted.
|
|
|
|
johnalyn
Member
Offline
Activity: 314
Merit: 10
|
|
March 20, 2018, 07:46:00 AM |
|
I don't see that they can do it by now and I think if they wanted to kill it they naybe work for it for some change I mean they will legalized it for their own way of building their coin market and acquiring that bysiness can really help the government more active in their own coins that they have in a last few years
|
|
|
|
unicyclistclapas0
Newbie
Offline
Activity: 27
Merit: 0
|
|
March 21, 2018, 01:36:17 PM |
|
Nothing and no predictions can be made beforehand in case of in-beta currencies like bitcoins
|
|
|
|
|
|
geegaw
|
|
March 21, 2018, 03:03:23 PM |
|
I don't think that any government could stop Bitcoin since Bitcoin is a decentralized cryptocurrency that the transaction is done without any third party interference and it is done all over the globe freely. Since Bitcoin is not linked to any territory or financial institute we need only network connections and wallets for the transaction it is not necessary for exchanges so I don't think that even powerful governments could stop Bitcoin even if they wanted.
I do not think so, I believe that if power governments want, stop bitcoin is possible, power is absolute in this world, Bitcoin is still a technology created based on human knowledge, humans can create, humans can also destroy, Bitcoin can not resist this power. However, they will not do that when the bitcoin does not affect too much to their country, as long as bitcoin is still valuable to build their country, they will still let it survive, but if it creates big trouble, bad impact to the economy and society, they can only take all measures to remove it |
|
|
|
om_iyo
Newbie
Offline
Activity: 98
Merit: 0
|
|
March 21, 2018, 03:23:22 PM |
|
Sure, they can do it. A government has big power to push bitcoin's activity in a country. Even they can't to stop 100 percent. So, I think to make Bitcoin will survive, we have to collaborate with government. I mean, we have to pay taxes for digital asset, fee transaction, or something else. At least it can release one of threats of bitcoin in future.
|
|
|
|
|
|
South Park
|
|
March 21, 2018, 04:06:59 PM |
|
I think the government can stop bitcoin with their power and shut down the internet because the internet is a way for people to use bitcoin. but I don't think that the government wants to do this because if they shut down the internet or stop bitcoin, then it will be a chaos in every place and they will face many demonstrations from the people.
To shutdown the Internet is something they're not going to do unless there is an emergency in the world, people will complain immediately about the lost of the Internet and even more importantly business will complain a lot too, now the Internet is completely integrated into our lives and losing it will mean losing a huge amount of profits. |
|
|
|
|
|
andrei214
|
|
April 02, 2018, 11:47:24 AM |
|
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 governments can ban bitcoin in a the country where they belong, killing bitcoin could also be possible.If once bitcoin becomes a worldwide topic and concern, and many countries finds it as a threat or enemy, then bitcoin would later come to its end. |
|
|
|
|
adpinbr
|
|
April 02, 2018, 11:59:48 AM |
|
I think the government cannot fully stop bitcoin but it can decrease its users by using verifications and age limit. They might add rules and regulations that can hinder users to have proper transactions.The government can also ban bitcoin if they are really that desperate and we all know that if the users decrease the value of the bitcoin decreases.It is like a direct proportion between the users and the bitcoin value. Shutting down the internet is kinda invalid since it is our free will to use them and it will also affect other things such as our connection to people who are far away to all of us and not all of the 100% citizen of a country uses bitcoin.
|
|
|
|
fahad.khan
Newbie
Offline
Activity: 98
Merit: 0
|
|
April 02, 2018, 12:08:30 PM |
|
They could never 'Kill' the Bitcoin, some big governments like China have tried but seems like failed to do so, they can restrict the use, restrict the access but an individual will always find a way to access his account. I am not sure if a government can even impart Tax on crypto industry as there are always to perform anonymous transactions. So the answer is NO.
one thing they can do is to buy all Bitcoins, but the last few to sell bitcoins may hav millions of dollars for a fraction of bitcoin, even more beneficial for the ones hodling bitcoins.
|
|
|
|
|
|
nur rochid
|
|
April 04, 2018, 03:38:15 PM |
|
I don't see that they can do it by now and I think if they wanted to kill it they naybe work for it for some change I mean they will legalized it for their own way of building their coin market and acquiring that bysiness can really help the government more active in their own coins that they have in a last few years
indeed the government can kill bticoin whenever they want, but btc is technological progress which has the advantage than fiat currency. i think the government just has not found a way to address the shortcomings of BTC |
|
|
|
|
|
sheldonnnn
|
|
April 16, 2018, 09:44:58 AM |
|
Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If they shut down the internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions.
|
|
|
|
|
|
