Can Governments Kill Bitcoin?

[RealDev]

I think that government can literally ban bitcoin (just like the China ban) but it will still exist as a value like gold.

[Biastar]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I believe attempting to kill bitcoin by developing their own cryptocurrency will only make bitcoin stronger. Developing their sends a message that it is threatened by it, and will only end up imitating it. And again, just like many others that imitate it, they failed, and made bitcoin stronger than ever.
Well it's just my assessment though.

[gantez]

I believe competition is the 'soul' of business. If governments intend to introduce their own digital currency, I think it will be even good. This will make the market more open and no one coin would be a super dominating coin. The government would always try to create more patronage within her citizen and beyond and that will give more room for growth and acceptance of digital currency.

I like the idea because it will end in creating more awareness of cryptocurrency and bitcoin particularly.

[astridplomp]

i think it may possible if governments all around the world accept to elliminate bitcoin, but i personally dont think it is gonna be easy because no government can easily quit a huge amount of money while they can still have benefits from its, but if one government ban bitcoin, another will take the benefits from it, so lets just agree bitcoin can hardly be killed by governments.

[pekavcilar01]

Governments are absolutely against digital money.

Governments make money through taxes and commissions.


However, thanks to the digital money, we can send money to the desired country without commission.


The banks are not sending money at weekends. With digital money, we can make the time we want when we want it.

[youshang1]

Bitcoin is not affected by any organization. The government may limit the development of the special currency, but it is impossible to make Bitcoin disappear. Bitcoin will always exist unless the Internet disappears.

[Svafnir74]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

Bitcoin can not be completely banned, I think so. It's like the Internet, it's impossible to forbid it either. The fact is that bitcoin is decentralized. This means that he does not have a single control center. It is controlled by software from many different locations around the world.

[Marileno]

Governments can effectively push BTC to the underground. They can regulate it in a way that no one in the main stream will be able to use it, and as a result it will, for all intents and purposes, be dead as the future of money. We have seen several countries already start down this path.

[PilosopongTacio]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

No,they.cant.. People who currently possessed bitcoins right now are from different parts of the world. So,how can they kill bitcoins like that? They only have the power to ban bitcoin or regulate it on their country.  But for now,the chances that they will kill bitcoin is next to impossible. They are only anxious of bitcoins potential in the future and they are also worried because they cant control bitcoin and the issues on how to impose taxation on it

[tramadols]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

what makes you make a post like this? I think you can read from many threads here. what you discussed has been overwhelming.
and every government will not have the same policy. and what you have said has not been proven to date.

[lovepale]

No. US and China is not the country in the world. There are more countries in the planeteearth. Two is better than one but in bitcoin two's is not enough to kill bitcoin. Government can stop it if let the world form an office for cryptocurrency to just stop it. That will be their goal by creating the office to let bitcoin be killed. Without like that kind of strategic plan it couldn't kill bitcoin. No one can stop it unless everybody is against to it. While everyone is not against bitcoin will  remain.

[Alert31]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

         It is impossible for governments to kill bitcoin even replace it with theur own digital currency because bitcoin already made a huge name in the market of cryptocurrency. Bitcoin is alredy popular all over the world. Maybe they can make their own digital currency to be compete bitcoin and put  tax regulation. But everything is depends on the acceptance of the community.

[conanmori]

Yes government can kill bitcoin in the way how they want to do it for example if there no more people who are appreciating bitcoin they can kill it easily

 You make say Bitcoin can easily kill but do you think people will stop using Bitcoin? Even other crypto will dead Bitcoin will still the one who will stay at the top even goverment force to issue a ban on there country bitcoin cant still die like that. People will find a way how to earn bitcoin even US cant really easily ban bitcoin cause US have the biggest investor.

[heureca]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

I think governments are not going to kill BTC and other criptocurrencies but regulate it. Blockchain technology is very useful and almost all people know it

[Teagannr]

The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.

What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?

There is only one way to kill Bitcoin that they may choose - to prohibit the internet within their respective country.

[khufuking]

Well if you can not stop the wave then just ride it , that is what they are doing . Sadly crypto community is helping them without even knowing. Let me tell you that every time the market make gains because a positive news coming from big governments such as china , usa and  russia ect ... in the fact of it it is negative because it shows that we still need there approval . We are not even noticing what we are doing and how bad it is .

[JanuaryStars]

That would be too daunting a task to do. It's hard to kill bitcoin, cause that would mean stopping the overwhelmingly strong community that supports bitcoin, globally.
And introducing their own respective cryptos would only serve to make bitcoin stronger.
Even now bitcoin is growing.

[pekcoin01]

The government is definitely against this market. Absolutely against the banks!

They make incredible money thanks to taxes and commissions. The coin market is following the obstacles because it prevents it.

I do not have much hope. There will be no beautiful things like the old.

BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC

[valterkjellberg]

Bitcoin is a famously dececentralized cryptocurrency, a system of storing value, and a somewhat less-effective transaction medium. It allows near-instantaneous transfers all over the world without a middle man or regulatory body giving it the go-ahead. Fans of cryptocurrency fear government regulation could ruin it, but they shouldn’t be concerned. Any attempt control bitcoin simply won’t work.

Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin – and its alt-coin contemporaries – in a way that could impede its progress.

Government can kill Bitcoin as a moderately popular subject. In terms of currency or means of payment, most countries do not accept virtual currency as the currency or means of payment, for two main reasons.
First, if it is accepted as currency, as a legal means of payment, the national sovereignty over the currency issue is infringed.
Second, virtual currency is accepted will facilitate tax evasion, illegal remittance, payment
Similarly some cases are no exception, have counted on the use of digital money to trade illegal transactions, if the state prosecuted by the state, then I take a bitcoin is likely to be destroyed by the government and not for use nationwide,

[kokobaba880]

Bitcoin is the good form of currency and the government can not kill bitcoin it is good for the countries and with this bitcoin can not kill bitcoin. it is good for the country because it is improving the country economy and by this many people have changed lives. bitcoin is good for the country economy and from this the country unemployment can be reduced and it is good to use this currency for many jobs and many jobs are paying bitcoin which is the modern era currency.