Can Governments Kill Bitcoin?

[Shubhamjuneja24]

Government cannot kill bitcoin. But yes, they feel btc as a threat. Thats why some countries are planning to launch their own cryptocurrency.

[paularies]

they can banned it in there country but they can't kill it because bitcoin is a organization that government is not allowed to control, so i guess government will attack in users so they can kill the bitcoin from growing. "no user, no bitcoin".

[heokonit]

maybe. This market is gradually being controlled and manipulated. Who is the shark? I think it is the government. They manipulate everything so they become more messy than ever

[andishmes]

I dont think government can kill bitcoin but they can make all much harder for us, like you cant buy bitcoin without taxes or vpn and so on.

[Lieldoryn]

I dont think government can kill bitcoin but they can make all much harder for us, like you cant buy bitcoin without taxes or vpn and so on.

The main problem of bitcoin is not the government. There's nothing they can do. The main threat to bitcoin is ourselves. People are so used to using Fiat that they don't want to give up this form of money. They use bitcoin only as a means of accessing Fiat. This is the most vulnerable place in the cryptocurrency. Any touch to the Fiat poisons the mind.

[xhoondilan]

For my opinion, I think no one can kill bitcoin even the government, but everyone may kill bitcoin simply because no one or its not possible to stop producing bitcoin, so if everybody will stop using bitcoin and no one will investing it then bitcoin would be worthless and then bitcoin mining will stop because no more profit is acquired. But its not that easy to happy because we can control all the people who use bitcoin so even if government still not enough to stop it.

[iv4n]

We always present governments as some powerful force, but in reality they are just people that work together on the same goal. What can people do? People can do a lot of things together, or they can try to do it, will they be successful depends from many things, many many things. There are ways to kill bitcoin, but in most scenarios that can happen only if all miners and supporters abandon bitcoin, as there is single computer mining and couple people that use it, bitcoin will be alive.
People who are against bitcoin, no matter on which position they are, will try to limit bitcoin, they will propose restrictions, but internet should be a place for all of us, freedom, we will always find a way to continue to use bitcoins, publicly or secretly.
Some governments already have negative attitude, but there are countries open for a future and they accept crypto as technology that can improve many systems.
People talk about bitcoin death, they ask many things about what can kill bitcoin, but these are wrong questions, bitcoin is young, everything just started, its too early to talk about the end. Let's discuss what can we do in our community to rise awareness of crypto, to introduce others with crypto.

[Lorence.xD]

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 all we know, the power of government on each country dictates the legality of something to become approved or to be accessed by people. Since we are one who witness on how other countries banned bitcoin and other cryptocurrencies in their territory, that is how government powerful and can easily erase bitcoin or other cryptocurrencies in their land. But the power is still on people if they will still use it even though it is banned by their government. Government can implement all they want but once that it does not have a great security, a lot of people will still use it.

[Anti-Cen]

No governments cannot kill Bitcoin because we have this thing called encryption but can fees hitting as
high as $55 per transaction kill Bitcoin or the fact that mini centralized banks have been added to the
lightning network result in killing the coin ?

You bet it can

[damiham]

very interesting topic,,,have thaught of it as much,,but if government want to kill bitcoins,,they should have done that since

[Bitcoin_trader2016]

I think yes but not that fast as you can see today bitcoin already have a big community and more peoples and company already trust botcoin so i thinks its big lose for government to kill bitcoin.

[Radio-Active]

i think no one can kill bitcoin. bitcoin is a decentralized cryptocurrency.
its price show that the demands of bitcoin is high. there will be peoples who want to own bitcoin.
because bitcoin is decentralized, no centralized system can control bitcoin, neither government.

[mahilchii]

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 one can kill Bitcoin and the usage of Bitcoin. If these countries comes with a new coin released at par with their nations rules and regulations also they should adopt Bitcoin concept with its technology. I don't think they can or they will kill Bitcoin for their existence. May be the can regulate the rules in their country and they cannot own the world to regulate what was fixed in their country.

[Alanpigi80]

The only way that they could do that is banning Bitcoin and Blockchain technology, but doing this, they won't benefit from blockchain itself, I can't see a logic in that

[mafitjulit]

This is most likely a rhetorical question, since if desired, yes, a law can be issued that will prohibit the use of the crypto currency on the terrior of a particular country

[panarama29]

am not sure of that now,,,if they will,,,they suppose to would have stop it on before this time

[saedasda]

No, Government is trying to kill bitcoin by using news, media and other related to social media but still bitcoin is still here. They used the word "ban", "hack", "tax" so people will panic sell but its affect only in a few days or week.

[argiyan.tri]

it could happen, if the government actually runs the system they created like bitcoin, which not only wants a big profit for themselves.

[newBIeT]

I think NOT. How could they kill something that is beneficial to people nowadays. If they will issue their own cryptocurrency then i think they'll be adopting bitcoin's technology, bitcoin will serve as a basis of making such currencies. As long as cryptos' live, bitcoin lives.

[Matildada]

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 don't think the government will kill bitcoin, and there are a lot of countries around the world that accept bitcoin and recognize the legitimacy of bitcoin. I think the government issuing its own digital currency may have an impact on bitcoin, but it can't end it.