totol05 (OP)
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March 10, 2018, 01:35:22 AM |
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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?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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SUDARMONO
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March 10, 2018, 01:47:05 AM |
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It is indeed the future plan of big countries such as china, Russia, America to create their own digital currency, but that I believe will not be able to stop bitcoin currency, because bitcoin is already owned and spread all over the world.
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Welsh
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March 10, 2018, 01:47:24 AM |
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Speculation is after all speculation, but unless the government offer an improvement on Bitcoin then why would this be a threat to Bitcoin? If it's improved on Bitcoin then why would we be hostile to this crypocurrency? If the government came out with an improved cryptocurrency which was open source and decentralized then I for one welcome the change. Would probably change my mind of the way governments think if they actually did this. If it's not decentralized or open source then it should fail.
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thompson30
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March 10, 2018, 01:47:49 AM |
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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
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Welsh
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March 10, 2018, 01:51:18 AM |
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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
How can they kill Bitcoin "easily", why haven't they done it already if this was indeed the case? Bitcoin is decentralized and has a format to prevent any manipulation from a central figure. Only certain aspects of mining is somewhat centralized. Trust me if it was so easy to 'kill' Bitcoin then it would of likely been done already. I mean it's had several attempts on it, but as of today all have failed. |
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Juggy777
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March 10, 2018, 01:51:39 AM |
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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 cannot kill something that is not alive, they can only put curbs on it, which as we have seen are a waste way of doing things, China tried it last year Bitcoins tanked and soon it shot up like anything. Bitcoin answers to no one and is not bound by limitation as it has no controlling authority. Let them ban it, we'll only indulge in it more, plus their coins will be a alts I don't buy alts, so no the government won't succeed for sure. |
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dhuyt
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March 10, 2018, 01:56:46 AM |
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The government may limit the development of Bitcoin, but believe that the government cannot stop Bitcoin. The development of Bitcoin itself is not controlled by any organization.
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wuencds
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March 10, 2018, 01:59:28 AM |
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This is an interesting topic. How do they kill Bitcoin? Even if it introduces its own cryptocurrency, it needs to be based on Bitcoin. If it is not a blockchain technical currency, then what is the difference between the digital currency and the legal currency? The coin is the door that they can't go around. They need to acknowledge the door before they can come.
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CHENIEN
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Decentralized Ascending Auctions on Blockchain
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March 10, 2018, 02:04:03 AM |
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If government kill and stop bitcoin operation, it is something a war between government and bitcoin, because many people against government decisions if they try to kill bitcoin operation. And we all know that government has the power to kill bitcoin operation, and hopelly government would not be able to do that kind of actions.
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wormgummy019
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March 10, 2018, 02:04:07 AM |
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It is indeed the future plan of big countries such as china, Russia, America to create their own digital currency, but that I believe will not be able to stop bitcoin currency, because bitcoin is already owned and spread all over the world.
I agree that bitcoin is spread all over the world and no other country can kill bitcoin exept if they ban bitcoin in their country. Eventhough other country has their own digital currency, bitcoin is the most common used currency all over the world. |
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appleyard
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March 10, 2018, 02:04:15 AM |
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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?
Yes this is possible if the world government take their actions to totally banned bitcoin because they want to create their own crypto currency and monitor who is the holder of the currency they are making today. this will definitely kill bitcoin. |
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fuer44
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March 10, 2018, 02:10:49 AM |
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difficult, the government can't block blockchain technology. the government can only close the sale and purchase sites only. and if it happens but there are still countries that open bitcoin trading sites, we can still trading bitcoin.
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88jewel
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March 10, 2018, 02:11:13 AM |
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This is an interesting topic. How do they kill Bitcoin? Even if it introduces its own cryptocurrency, it needs to be based on Bitcoin. If it is not a blockchain technical currency, then what is the difference between the digital currency and the legal currency? The coin is the door that they can't go around. They need to acknowledge the door before they can come.
Bitcoin already sets the framework or the foundation in crypto currency so no matter what policies the government will make to kill bitcoin, it will always be based on bitcoin. |
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bahula33
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March 10, 2018, 02:21:36 AM |
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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?
the government can not stop the circulation of bitcoin digital currency, the government can only limit its transactions, as it happens in my country ,, now. |
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ralle14
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Metawin.com
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March 10, 2018, 03:41:17 AM
Last edit: March 10, 2018, 03:53:32 AM by ralle14 |
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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?
As what others said bitcoin can't be removed/killed. Some countries already banned bitcoin but the demand is still high and even if it's banned in all countries there's no stopping people in using bitcoin. Maybe if they could make a better version of bitcoin without the need of the internet but I highly doubt that such thing could happen because it would take a lot of time before any newly made crypto could compete with other altcoin and eventually take out bitcoin from its current position. |
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bololord
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March 10, 2018, 03:53:34 AM |
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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 yes, there is a possibilty that bitcoin can be killed or stop by the government specially when they unites. Bitcoin and its technology is a innovative financial system which is more efficient than the banking system we have right now, just so happen that banks is being controlled by the government. What can government do is putting an external power to bitcoin which their people will not able to use bitcoin. |
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Ausgewielt
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March 10, 2018, 04:02:24 AM |
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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, bitcoin is international currency. Its advantage is the decentralization, those governments will only bring more positive impact for bitcoin. Indirectly those governments are agree that bitcoin is good technology or atleast the idea of digital currency is appropriate for this century. |
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globalking
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POINTPAY
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March 10, 2018, 04:07:24 AM |
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thank god they cannot do that and that is a cool thing about bitcoin if bitcoin would have in there control bitcoin would have been crushed.
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hulla
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March 10, 2018, 04:14:48 AM |
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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?
Yes, they can kill bitcoin if we do nothing and the reason is that they want a centraized coin which the reason why they are watching bitcoin closely and this why most of them says that bitcoin help money laundering, tax evasion and terrorist funding |
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toop548
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March 10, 2018, 04:26:14 AM |
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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
In fact, it is very easy for the government to eliminate Bitcoin! Close all trading institutions including exchanges and wallets. Fully block the wording of Bitcoin above the search engine and the rest of the Lenovo extensions of Bitcoin |
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