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

[bitgolden]

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?

At this stage, it is very difficult for them to do. They could have tried to stop it when it was still very new and when they had the chance to buy all the coins but pretty much they would be at loss eventually.

I am sure worldwide, most governments never expected bitcoin to grow to this stage it is today and they are even more confused at what to do, knowing they do not have the control to stop it and they just have to find a way to accept it and control the activities in a way.

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[Dudeperfect]

Yes, governments can raise trouble for growing Bitcoin-friendly market environment. However, since the Bitcoin is no more a cryptocurrency/commodity limited in a single country, it is near to impossible for any government to complete evacuate Bitcoin without the collective efforts of each and every government out there. I haven't seen even a single topic on which the governments around the world unanimously agreed and acted to cooperate each other.

[Theb]

Of course they can the governments of any country has the power to block Bitcoin operations at their will as the have the power to ask their internet service providers to block websites and wallets that are relating to Bitcoin and other cryptocurrencies. It is a simple task but will be proven effective as it will make Bitcoin rot. If there is no internet access there will be no Bitcoin of course.

[btc-facebook]

When government said that they forbid bitcoin as main transaction, my people kinda afraid to use bitcoin thus bitcoin popularity quite difficult to increase.

Bitcoin still consider as criminal money so they have right to decide the best in order to protect their civilian from any bad things

[doomloop]

If every country really started cracking down, sure bitcoins would be put into a choke hold VUT that's not going to happen because so many cou tries fully support it. Even if bitcoins where a japan only currency, they would still hold huge value. Keep them no matter what happens in your county.

It is up to the user that how the person use to do if the person is having the large amount and he is willing to invest it for the profit the he will be able to get the income and the money till it get high and the people who are now showing the interest will force the government not to stop the bitcoin and to let the bitcoin get more and more wide. So I think the government will not stop the bitcoin for sure.

[paul00]

Yes, I think governments can actually kill bitcoin once they had regulated it to happen. if this will occur and users of bitcoin will be oblivion, many account holders will surely stop it for it will be a lot harder to do business with it. Also, government thru the aid of media can make a bad publicity about it so more netizens will avoid to patronate it. Moreso, i think the high value of bitcoin also depends on the number of users/investors it has, and once these people started to fall, bitcoin will follow with it.

[BTCevo]

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?

At this stage, it is very difficult for them to do. They could have tried to stop it when it was still very new and when they had the chance to buy all the coins but pretty much they would be at loss eventually.

I am sure worldwide, most governments never expected bitcoin to grow to this stage it is today and they are even more confused at what to do, knowing they do not have the control to stop it and they just have to find a way to accept it and control the activities in a way.

If you think they can't stop it then you are wrong. First thing, they have so many good resources which can help them to close it down forever or even banned it from their country so it is possible for them to stop this. Second thing if they banned it then the population will stop growing and if only all government work together, I believe it will happen to close down the mass adoption and close everything. So my answer is still possible but not a 100% chance

[terbetet]

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 think yes since you have stated on the subject that they are powerful government so I think they can put bitcoin into a total shut down in any time they want. But I bet, they will not do it because even though they are powerful, still people will go on a protest against them and that will totally make a chaos since people found bitcoin to be helpful and beneficial to them so the government must not possess such kind of treatment that they will turn bitcoin into shutdown just because they just want to.

[chichigirl]

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?

Yes, they can do that but need to do some rules that states about not using of bitcoin by any means and using it may result a punishment for everyone.

That may happen but as of now, let us work hard to earn more so that if that issue may happen we are all stable and can do some jobs or business that will help us earn for our needs and for the future.

[nurlela]

of course they can, they have the full power of it.
but i think at the moment the government is not interested in outlawing bitcoin, moreover stop it
if they really want to stop bitcoin, they just need to make laws about it.

[Avity]

Considering governments could literally kill everyone on the face of the planet anytime they wanted too... yeah I think they could kill bitcoin if they truly wanted too.  But the government is in the money business, and bitcoin has a money valuation.  They have already started to make money off bitcoin in some places in the world.  They have also started to reap the rewards of the underlying technology. 

If the government killed bitcoin it would be the equivalent of killing the smartest kid in the class.

[JayJuanGee]

Considering governments could literally kill everyone on the face of the planet anytime they wanted too... yeah I think they could kill bitcoin if they truly wanted too.  But the government is in the money business, and bitcoin has a money valuation.  They have already started to make money off bitcoin in some places in the world.  They have also started to reap the rewards of the underlying technology.  

If the government killed bitcoin it would be the equivalent of killing the smartest kid in the class.

Your analogy does not work because your stated assumptions are too exaggerated and too outrageous.

Accordingly, Governments cannot kill every person on the planet, as you assert, so you are starting from a very flawed premise.  

You need to think with more nuance if you are going to attempt to apply these kinds of sweeping analogies to bitcoin.

I think that your flawed logic in regards to governments being able to kill everyone is similar to your flawed logic in regards to how much the government could kill bitcoin, although probably, it would be easier for the government to kill bitcoin rather than killing everyone, as you assert...  

[szpalata]

of course they can, they have the full power of it.
but i think at the moment the government is not interested in outlawing bitcoin, moreover stop it
if they really want to stop bitcoin, they just need to make laws about it.

Sure they can since bitcoin relies on the internet for its existence and the governments happen to control the internet and the airwaves and so they can decide to switch it off and on any time thereby killing bitcoin and its usage as a result.

[Bitcoinjheta]

of course they can, they have the full power of it.
but i think at the moment the government is not interested in outlawing bitcoin, moreover stop it
if they really want to stop bitcoin, they just need to make laws about it.

Sure they can since bitcoin relies on the internet for its existence and the governments happen to control the internet and the airwaves and so they can decide to switch it off and on any time thereby killing bitcoin and its usage as a result.

Absolutely they can stop if the government in that country wanted to do. But as whole world wanted to shutting down bitcoin thats impossible to do. Likewise there are many countries who did not support and accept bitcoin but people in that country are statisfying as bitcoin really affect in there finanacial needs.

[Panda Trump]

nope I think government can't control  and stop bitcoin because it is online and over the net. which using a hash or something like that. they can't stop people on doing exchanges in btc like doing buying and selling and also it is a decentralized currency so no one can control it the only thing that can affect btc is the economy that doing exchanges.

And that was just complete nonsense!

Just because it's online (and over the net... wow what an addition!!!), governments can't stop it? You know there are TONS of sites brought down by governments? Where do you think these servers are hosted? In the USA? Get the Trump to mess with some buttons and off you go!
And the net is using a hash or something like that? Totally... That's totally how internet works! We're hashing stuff and now government can't stop us, because the hash makes us an impenetrable shield? You're inventing new shit her bro!

By the way, your " economy that doing exchanges"  is also quite a weird sentence...

Regards,
Trump

[tobs]

nope I think government can't control  and stop bitcoin because it is online and over the net. which using a hash or something like that. they can't stop people on doing exchanges in btc like doing buying and selling and also it is a decentralized currency so no one can control it the only thing that can affect btc is the economy that doing exchanges.

And that was just complete nonsense!

Just because it's online (and over the net... wow what an addition!!!), governments can't stop it? You know there are TONS of sites brought down by governments? Where do you think these servers are hosted? In the USA? Get the Trump to mess with some buttons and off you go!
And the net is using a hash or something like that? Totally... That's totally how internet works! We're hashing stuff and now government can't stop us, because the hash makes us an impenetrable shield? You're inventing new shit her bro!

I think, government can't like literally close down bitcoin, destroy all the mines and somehow prohibit having a bitcoin wallet. So in a way, for some geeks and bitcoin enthusiasts, they can mine and send their coins like forever. But even as simple thing as closing down exchanges would kill bitcoin. Exchanges have to meet the countries regulations and they can't be random places and if there are no means to change bitcoins to dollars most of the investors and traders would abandon it totally. And with no shops or places where you can spend your bitcoins, they will become worthless.

[justdimin]

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).

For sure the exchanges is where it will hurt but that would not and cannot stop the community. That is the gospel of satoshi in the first place, the power is in our hands and unless we want to relinquish that power, I do not see how it can be possible for them to ever stop it. Any store won't accept it if they declare it only illegal and I am sure the whole country worldwide would do that and if as community we decide to make use of it as currency, then we are good to go.

[Altero]

of course they can, they have the full power of it.
but i think at the moment the government is not interested in outlawing bitcoin, moreover stop it
if they really want to stop bitcoin, they just need to make laws about it.

Sure they can since bitcoin relies on the internet for its existence and the governments happen to control the internet and the airwaves and so they can decide to switch it off and on any time thereby killing bitcoin and its usage as a result.

Absolutely they can stop if the government in that country wanted to do. But as whole world wanted to shutting down bitcoin thats impossible to do. Likewise there are many countries who did not support and accept bitcoin but people in that country are statisfying as bitcoin really affect in there finanacial needs.

Maybe it could be happen at their own backyard but not the entire bitcoin community. Even though they are holding a large numbers of investors and exchanger but isn't enough to bring bitcoin into down. Because I believe, even their people are not wanting it to happen.

[Galahad111]

of course they can, they have the full power of it.
but i think at the moment the government is not interested in outlawing bitcoin, moreover stop it
if they really want to stop bitcoin, they just need to make laws about it.

Sure they can since bitcoin relies on the internet for its existence and the governments happen to control the internet and the airwaves and so they can decide to switch it off and on any time thereby killing bitcoin and its usage as a result.

Absolutely they can stop if the government in that country wanted to do. But as whole world wanted to shutting down bitcoin thats impossible to do. Likewise there are many countries who did not support and accept bitcoin but people in that country are statisfying as bitcoin really affect in there finanacial needs.

Maybe it could be happen at their own backyard but not the entire bitcoin community. Even though they are holding a large numbers of investors and exchanger but isn't enough to bring bitcoin into down. Because I believe, even their people are not wanting it to happen.

If somehow we imagine it can happen in some part of the world (which will be done by some government of course), it will not at all be encouraged rather accepted at all by the people governed by that particular government. This will be a difficult decision for that government also, to move with the world with this kind of decision and definitely any running government cannot afford that still there is always a room for unexpected.

[ramsdaj28]

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?

An easy YES. If ever the government and banks have agreed upon banning bitcoin in their country, then people can't do anything but follow the order especially if there are consequences of violating that order. The government are responsible for the creation and regulation of laws and rules in their country, and its constituents, the people, should abide these.

However, as of now, I can't see any reason where the government should ban bitcoin. Some government have already regulated usage of bitcoin in their countries that's why they don't have to worry about it. There are also special agencies like NBI that watch for the illegal transactions involving bitcoin.

Bitcoin life is great. Why should they ban it? Bitcoin users and holders will get mad if ever their government or country will ban bitcoin.