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

[squatz1]

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?

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[EXtremeAEX]

Well, they can buy down 21 million BTC and keep all of them to themselves, essentially 'killing' Bitcoin. On a serious note, no, I feel that it is difficult for them to do so. Even if countries like China tries to ban Bitcoin in their own country, they cant exactly do so to the whole world, and there will always be a use for Bitcoin somewhere else.

Bitcoin is still gaining popularity, and its community is growing, so unless all the governments team up and say NO to BTC, it would not happen (I hope).
Citizens > Government, and we need to believe this as well.

[Beerwizzard]

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).

[ralle14]

They could try by making their own version of bitcoin but it won't be enough to stop bitcoin. One way of killing bitcoin is to cut the internet access of everyone so there would be no transactions being made every second but that's unlikely to happen.

Well, they can buy down 21 million BTC and keep all of them to themselves, essentially 'killing' Bitcoin. On a serious note, no, I feel that it is difficult for them to do so. Even if countries like China tries to ban Bitcoin in their own country, they cant exactly do so to the whole world, and there will always be a use for Bitcoin somewhere else.

Buying all bitcoin would make the price very expensive and this can't be possible since some of the coins are already burned and some can't be moved like the 50 btc mined from the genesis block.

[hatshepsut93]

They couldn't kill it completely, but they can prevent mass adoption by simply outlawing it. Most people wouldn't risk getting fined or imprisoned just to use an alternative payment system, so Bitcoin community wouldn't be able to grow to any significant size. And the second problem is mining - right now it's relatively centralized and draws huge amounts of electricity - together it makes it easy to shut it down. Without mining Bitcoin's price can't freely grow, because mining protects the network from double-spending attacks, so when hashrate is low the network becomes less secure, meaning it's cheaper to attack it, so it can't sustain above certain amounts of value.

[ALT67890]

We can sense that the government and banking officials is now on offensive by painting cryptocurrency as a fraud/scam. But they can’t or investors never trust them because we all know about they’re own interest and profits that’s why they’re doing such move on bitcoin. With the help of internet and social media they can’t manage to stop it and that’s the truth.

[TagaMungkahi]

They could kill bitcoin. In Illegal Way but it will take longer since they should kill all the nodes, if one of the servers have been affected it will alert other servers and also the bitcoin community that something bad is happening. They could also buy the 21 Million BTC on the highest price they could and just hold it forever ( but then again it will take longer ). And I don't even think they will do it , they can gain something from Bitcoin and Cryptocurrency Field Why Stop or kill it. Think about that.

[pinkflower]

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?

Lets go back to China. With their government's absolute power over their citizens, have we seen them use a sufficient way to kill BTC? No we havent. They can claim that they will regulate it, suppress it or kill it but in practice we havent seen anything close to it. So, no. BTC, for now, cant be killed.

[Opquar]

Well, we saw how China was able to really make a dent on bitcoin's value. If every country does this, very few will continue to use bitcoins, essentially stopping it. One country cannot do it itself.

[portotoi]

Yes maybe...

But Bitcoin gives hope to unfortunate people, those who losses their jobs, and who are not enough qualifications for government or private employment. As we can see, many people's lives changes to a more successful one because of this bitcoin. If this thing the government will consider and will realize the good side brought by bitcoin, then why should the government cut the opportunity for the success of the community and country?

[lighpulsar07]

no. let take a look in china's case they imposed banning bitcoin exchanges in their country as well as ICOs we all know that china has a large influence in bitcoin when the ban is issued bitcoin crashed to the ground from 4000 to 2900 although it made a huge impact on bitcoin but since many countries are adapting to bitcoin the price recovers and it made rise even higher so, therefore as long as the is a country supporting bitcoin, powerful countries like china can't stop bitcoin alone.

[mriansa]

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?

they state governments can not completely sabotage bitcoin, bitcoin will always be in a row, if any country is sabotaging bitcoin maybe its country does not want to be a developed and developing country because now is the age of its digital currency and saves the production of paper money.

[1NV3ST0NM3]

no. let take a look in china's case they imposed banning bitcoin exchanges in their country as well as ICOs we all know that china has a large influence in bitcoin when the ban is issued bitcoin crashed to the ground from 4000 to 2900 although it made a huge impact on bitcoin but since many countries are adapting to bitcoin the price recovers and it made rise even higher so, therefore as long as the is a country supporting bitcoin, powerful countries like china can't stop bitcoin alone.

But the question remains if all the major governments like US, China, Russia, UK, India, Japan form a cartel together to ban bitcoin. I really doubt bitcoin would have any demand. No ordinary citizen would like to buy somethin illegal. Some argue that darkweb would still use it. Yes they may but the demand for the currency would susbtantially decrease ultimately decreasing its value.

[Theo222]

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?

they can stop some country but not all country because they want to increase the economy of bitcoin to some country and bitcoin can lessen the number of unemployed when the didnt stop bitcoin.

[syaripudin]

I think it can not be done globally may be possible in a country that will make ban of bitcoin activities but globally it is very difficult to do because I think it is undeniable that actually bitcoin is now able to improve economic growth in a country so in my opinion there are still many countries who want to give policy to its citizens to get the freedom to follow bitcoin activities. And if a country is willing to legalize bitcoin as a legal activity this will certainly have a beneficial income for the government.

[josh07]

for me they can not stop the bitcoin unporket that they are all they can do that they want to even think of what bitcoin can help people and their users instead of stopping why they just do not it is better to support more people than to stop people from stopping too much of their power over bitcoin that is still silent for them so I can not stop the government from bitcoin.

[Sled]

Of course they can do it. The governments are powerful and they know that they can easily stop bitcoin by a simple order. They can create an order that will tell the people to stop using bitcoin and ban the exchanges of bitcoin in their country and after that it can easily stop the transaction of bitcoin and the market will react to it by having dumps and if all the governments will do the same thing then it will stop bitcoin.

[13abyknight]

In the current worldwide political scenario, if a big powerhouse opposes Bitcoin, expect the countries behind them to follow suite. A simple example would be China, banning all exchanges and applying pressure on other community counties to do the same. The profiters here are USA and allied nations which would not have imposed restrictions so at no point in time will ever country join together to stop Bitcoin as many of the nations have already realised its potential and intend to use it for their own betterment.

[maydna]

i think government could kill and stop bitcoin if they want and they can do it as fast as they can because they have unlimited source to do this. but i think the government will thinking to not stop or kill bitcoin and i think they are now is study about bitcoin, they have many questions about bitcoin and they need the answer. so they let us to still use bitcoin because they know that they can learn bitcoin from many ways and they want to see how bitcoin in future.

[Krishan_94]

I dont think that they would be able because now crypto has almost spread everywhere and bitcoin is the base of all of them.. So Its a really difficult task to stop btc..