jak3
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Activity: 1274
Merit: 1004
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November 03, 2017, 06:59:51 PM |
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I don't think government can do anything to Bitcoin (not at least indirectly though) But let's assume that they want to remove Bitcoin from the Earth, then the only thing they need to do is to somehow stop the block chain network which is impossible.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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djsugar
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November 03, 2017, 07:02:43 PM |
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Governments if come together can definitely reduce the demand by banning or making cryptocurrencies illegal. But they can't completely eradicate Bitcoin or cryptos from the system. Bitcoin is not available in any physical form but is only a data which is indistinguishable. There is no way government can completely ban something on internet. It is impossible.
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Ahiaba
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November 03, 2017, 07:24:56 PM |
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It will be difficult for the world government to ban bitcoin completely from existence because they them will be affected in the process of trying to ban bitcoin. One way I know in which the world government can ban bitcoin is by them to close the internet which I think is not impossible for such a thing to happen in this 21st century.
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asdlolciterquit
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November 03, 2017, 07:30:29 PM |
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Even the powerest Gov't cannot stop Bitcoin! You see China banned Bitcoin since October, and now the value of Bitcoin is growing rapidly than before!
mmmm are you sure that china banned bitcoin? can you post a link? I know that they didn't do anything like that... |
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WiserCoin
Newbie
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Activity: 47
Merit: 0
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November 03, 2017, 07:57:31 PM |
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They couldn't kill it completely, but they can prevent mass adoption by simply outlawing it.  |
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pitiflin
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November 05, 2017, 03:19:04 PM |
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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?
United they stand, divided they fall. If countries unite the possibility of bitcoin being thrown out of the society is very High, but at the end of day expecting countries to unite on a mutual common platform is impossible,that too when their opposite interest is bitcoin. They would just make some regulatory measures at the most. But the thing with regulations is that people find some way or the other to against it and keep their own interests as top most priority and will find an opportunity cost for bitcoin is no other way is found. |
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Kiweikoo
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November 05, 2017, 07:07:54 PM |
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I so not think it's possible, it can be okay. And if bitcoin can not stop the government because the two may even join if, the government wanted to stop the bitcoin. It's not easy to get a bigger bitcoin because bitcoin is one of the biggest company so difficult to make the government stop the bitcoin.... If just in case....
You are right bro! They wanted to not like they did not. They were being cautious though knowing there is really nothing to stop and funny enough, the more they kept coming with the attack, the more they kept realizing it was even growing the more and becoming even more unstoppable. I guess as far as I am concerned, we have gotten to the point of no return and we just have to wait for the days when we will reach a certain ATH and maybe there would be a pause. |
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deadthings
Sr. Member
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Activity: 1106
Merit: 255
Betking.io - Best Bitcoin Casino
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November 05, 2017, 07:09:49 PM |
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They couldn't kill it completely, but they can prevent mass adoption by simply outlawing it. If it would be punished, it would be possible, but if it was just melted by stopping its popularization I honestly doubt it. |
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Yamifoud
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November 06, 2017, 12:04:10 AM |
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It will be difficult for the world government to ban bitcoin completely from existence because they them will be affected in the process of trying to ban bitcoin. One way I know in which the world government can ban bitcoin is by them to close the internet which I think is not impossible for such a thing to happen in this 21st century.
Actually government support towards bitcoin is also a huge factor that maybe affect bitcoins existence. But it doesn't mean that they can wipe out bitcoin at all, not even a powerful government. Considering that China is one of the powerful country, but what happen to bitcoin after leaving it will keep increasing instead of crashing. Because not only China have capable to support crypto, in fact a lot more even some poor countries as they wanted that their people to change their finacial stability. |
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BossMacko
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November 06, 2017, 12:11:37 AM |
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It is impossible for the government to have full control over Bitcoin unless they bought all 21m Bitcoin which will make holders happy and killing the Bitcoin at the same time. If i were part of the government since i cannot control Bitcoin i will just call a meeting and get votes to make the government invest in Bitcoin and find ways to integrate Bitcoin to our country. "If you can't beat them join them."
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nethan1btc
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November 06, 2017, 01:31:37 AM |
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It is impossible for the government to have full control over Bitcoin unless they bought all 21m Bitcoin which will make holders happy and killing the Bitcoin at the same time. If i were part of the government since i cannot control Bitcoin i will just call a meeting and get votes to make the government invest in Bitcoin and find ways to integrate Bitcoin to our country. "If you can't beat them join them."
Exactly! No one has the power to control bitcoin. The government can never find ways to control because they can never stop a single miner. Maybe they can only do some regulations about it. If they really want to stop bitcoin, they could have than that before. They knew what bitcoin's capacity is and we might know, what if one of government officials is secretly into bitcoin, right? |
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zeragame
Newbie
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Activity: 14
Merit: 0
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November 06, 2017, 01:40:35 AM |
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If governments of different countries will make a plan to regulate bitcoin they can stop it ;/
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entrepmind23
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November 06, 2017, 01:47:11 AM |
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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 could not completely kill it because there would always be others who would take the risk even if it is illegal in their country. However, they can slow down the growth of mass adoption because many would not want to risk to be imprisoned or be fined by using it. I, for one, would not want to do something illegal so I would just let go of it even if there is a big potential to earn significant amount because there would be other opportunities out there that would not make me be imprisoned. However, if they will just implement insane taxes instead of making it illegal and I can still profit from it then I will continue to use it. |
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Qiuyue201
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November 06, 2017, 02:00:28 AM |
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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?
United they stand, divided they fall. If countries unite the possibility of bitcoin being thrown out of the society is very High, but at the end of day expecting countries to unite on a mutual common platform is impossible,that too when their opposite interest is bitcoin. They would just make some regulatory measures at the most. But the thing with regulations is that people find some way or the other to against it and keep their own interests as top most priority and will find an opportunity cost for bitcoin is no other way is found. Just if in one day they unite against bitcoin, there's always some people who find a hole and probably using it underground. By that, the government would need to put an effort to find the underground transaction and arrest the criminals but still not going to give the government any benefits becasue basically they forbid it and will seem to be worthless in real life, instead, the government will just wasting money on their effort to find out any bitcoin users in their country. |
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Allura74
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November 06, 2017, 02:30:39 AM |
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If desired, the government could destroy Bitcoin. However, they can not ban people from using it because all account information is untrue and they will not be able to investigate the account holder. They can only adjust Bitcoin and make it more user-friendly, since they will give up Bitcoin.
Maybe Yes, a government can totally ban bitcoin if they really want to, because most of all the bitcoin is a electronics money if the government prohibit for all legal establishment that are accepting bitcoin and i think they will all follow for the benefits of their business and as a crypto currency it means all transaction is done through internet then they can ban all address that are having bitcoin involvement. |
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bololord
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November 06, 2017, 02:47:41 AM |
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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 this is the big worry about bitcoin if goverment bannned bitcoin ! Because goverment selfish in money ! Goverment scared about destruction of bank if bitcoin become popular so that's why we need to share this to others and let's gather to protect the bitcoin. |
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newlone
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November 06, 2017, 02:56:12 AM |
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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 the government wants them they can forbidden the bitcoin, many countries are choosing to tax it to make a profit. They will think twice before banning it, even though many countries have banned bitcoin. |
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iluvpie60
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November 06, 2017, 03:06:05 AM |
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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?
Well, Bitcoin doesn't really need much network bandwidth to have nodes running and validating transactions. Someone with a basic 3g connection from a burner phone(bought with cash) could easily get internet from their phone onto their computer and run node/wallet software(mining too if it was absolutely needed). Governments are doing know your customer and all that because they want to track you and see what you are doing. Eventually they will automatically tax you, I am very sure of that. So if you value your privacy, don't participate in exchanges that require identity. |
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alexzorgo
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November 06, 2017, 05:58:13 AM |
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The governments won't be able to forbid bitcoin on all earth. Because there will always be countries which will permit to use cryptocurrency in own territory. The governments will be able to complicate use of cryptocurrency, to limit a possibility of exchange of bitcoin. They will be able to block use of the Internet resources connected with cryptocurrency in own territory. But, as we know, all similar attempts to forbid turnover of illegal products and content suffer a failure. Everything that is forbidden, as a result turns into the shadow market and dark-web.
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Lucas*
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November 06, 2017, 06:14:38 AM |
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It will be impossible to kill Bitcoin even from powerful governments, we are talking about 21 million of Bitcoin , what kind of stupid government want to spend their money to buy all of it and to do nothing with it ! Either the circulation of Bitcoin help all governments by finding new jobs for jobless and reduce thé percentage of unemployement . so in my opinion governments don't want to stop Bitcoin ,it find them to resolate their problems.
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