thet
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elysian.finance
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April 05, 2018, 11:16:51 PM |
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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 dont think so, bitcoin has been there for how many years. It is being used by many users from different countries. Their new currency may help to promote more about btc since it is also a digital currency. It will help to open their minds and finally accept btc all over the world. |
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Malya_alkendy
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April 05, 2018, 11:18:54 PM |
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Of course, the government has the power, the government has the authority. the government can make rules to ban people playing Bitcoin, they can sanction their people if they violate the rules made. if the government wants to kill Bitcoin, one way I think it's powerful is to block all Internet sites that are related to Bitcoin, then close the existing trading market in that country. then stop the Cryptocurrency activity, and kill Bitcoin.
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Rozita
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April 05, 2018, 11:25:10 PM |
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The main point of the cryptocurrency is that the governments can not control it! Then I see the question: 'Why?'  Yes, Governments have no control over bitcoin. If they had control over it, they had killed it before. Now they are only trying to make some rules. Also, some governments are trying to make the people uninterested in bitcoin. That's all they can do. |
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Doge dealer
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April 05, 2018, 11:26:34 PM |
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that's unlikely to succeed as it would only seem like a stock on the stock market that you invest in because if its government controlled that means it cannot be decentralized and they will of course have measures in place to monitor its growth and also who the owners are thus making it not anonymous. so it would become a regular investment instrument so to answer your question bitcoins cannot be killed or replicated by any government institution as government institutions by there very nature requires checks and balances and some amount of traceability and accountability.
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bitcub
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April 05, 2018, 11:28:50 PM |
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A government of a single nation cannot just make Bitcoin collapsed. Infact there are countries that banned to trade bitcoin. Even the whole world banned bitcoin. They cannot stop the blockchain from processing unless they can locate and stop the miners.
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Reid
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April 05, 2018, 11:34:37 PM |
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Government can not kill what they dont have outright power over. though government has a big roll to play when it comes to policy making in a country but as far as bitcoin is concerned it is a decentralized currency which cannot be only control by a single government. so no country policy can kill the existence of bitcoin the worst a country can do is to ban it from being used in their country and that can not determine in-existence of bitcoin.
Yes but they can somehow make their own private currency. Have you seen USDT? It is like a currency of the government that doesnt even fluctuate. It is as equal as the USD that is made online. Some day that token will blow and they will be losing all their money investing with it. They thought they have already escaped the dips. But now they are under the surveillance of the government and anytime they can take it without people knowing they are the one behind it. It will just be a manner of time. |
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thunderclup
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April 06, 2018, 12:08:02 AM |
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Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
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aeternus
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April 06, 2018, 01:46:08 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, but they are going to try, now they're not going to be able to replace bitcoin with their own crypto currency, what they are going to try to do is to regulate bitcoin to the point where no one will want to go to the trouble of using it, if you do not believe me you only have to look to US citizens which are not accepted in any international banks due to the heavy regulations they are subject from their government. |
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ov3rflow9x
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April 06, 2018, 03:10:58 PM |
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Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
That is not a true , if government will make own local crypto currency they will just use them like fiat money to change on bitcoin like in Russia they want to make crypto ruble and citizens will must buy fro fiat firstly this crypto ruble and after change it to any crypto on government crypto ex-changer platform. |
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befriendmywater
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April 06, 2018, 03:26:47 PM |
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Yes, the government have a power to kill bitcoin and replace it by there own currency because government don't have any profits in bitcoin that's why they can replace bitcoin by the power of governments, but it is not to easy because many people are going to disapoint if government kill bitcoin.
In fact, the government does not have the power nor the ability to kill bitcoin. To get rid of bitcoin, you will have to pay through many stages and have good reasons to kill bitcoin. Bitcoin is a new trend in the world, it brings a lot of profit to the participants. So we need to believe in the bright future of bitcoin.  |
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CryptoJedi1
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April 06, 2018, 03:35:07 PM |
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Government cannot kill crypto. It's borderless. So they can just put a ban on it.
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Davidbee
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April 06, 2018, 03:38:08 PM |
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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 don't think the government can kill bitcoin, bitcoin is decentralized, the government can't control bitcoin, so it's hard for the government to kill it. Some countries are issuing their own digital currency because they see the development of the digital currency very well, and they want to gain some revenue from the digital currency. |
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maxreish
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April 06, 2018, 03:41:37 PM |
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Absolutely Yes they can kill bitcoin anytime they want, it simply because they are the head of their state, if they think bitcoin is harm their own economy will they can kill bitcoin as well as the good of all of their country men and economy.
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cryptojac17
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April 06, 2018, 03:51:57 PM |
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Absolutely Yes they can kill bitcoin anytime they want, it simply because they are the head of their state, if they think bitcoin is harm their own economy will they can kill bitcoin as well as the good of all of their country men and economy.
Bitcoin is has no boundaries even if the head of state don't want bitcoin to proliferate in their country but still he should protect also those people who patronizing bitcoin. |
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d1ceplayer
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April 07, 2018, 05:00:53 AM |
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If the BTC can be killed, BTC would have been destroyed a few years ago. Instead, I think BTC can exist for decades.
No, definitely they have authority to kill bitcoins but only in their own country. They can’t just hurt bitcoins over other terrorist or generally as a whole. Reason is, bitcoins are decentralized. No one can even touch them or hurt them if they would be in physical state. So absolutely they can’t make anything harm to bitcoins but in their own country, they can pass a law which sentences all those who uses bitcoins. |
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BitcoVast
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April 07, 2018, 05:40:35 AM |
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The problem is can they beating the popularity of Bitcoin with state-owned Digital Currency? Bitcoin it's for worldwide but maybe their own digital currency will only be used in their own country. Maybe they make their digital money just for replace their payment system becomes easier.
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An0nyMoose
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April 07, 2018, 08:41:18 AM |
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There's no way a government can kill bitcoin. It isn't controlled by them and is decentralized meaning no one can control it. Even if the governments come up with their own coins still Bitcoin won't lose its value cause the coins the governments are going to develop are going to be centralized and controlled by the governments while bitcoin will still be decentralized.
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Tan_avia)vl.
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https://eloncity.io/
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April 07, 2018, 10:59:54 AM |
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In any case Bitcoin has already entered the history as the main cryptocurrency. Just a lot of countries, where huge wealth is accumulated, do not want to let it into its territory – then there will be no sense in their money. Well or their governments do not understand the very essence of cryptocurrency.
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ahmad21
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April 07, 2018, 11:12:57 AM |
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yes ofcourse if they wish to they surely can. Its that government can not stop bitcoin from flowing through the private key wallets but they can stop people from using exchanges and all. If they are able to stop these exchanges normal people will get less motivated to use it as it will only be useful as a currency in transferring bitcoins. But governments will not get any merit from doing this thing as all they will kill is their own taxes. Governement cannot kill it but can permanently deplete its value which in itself can be said as killing it.
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kskwerl
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April 07, 2018, 11:14:04 AM |
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In an interview on the Central Television of China (CCTV) - the main state television company of the country - Al Hae, the former head of the Bank of China - one of the largest banks owned by the Chinese government and a member of the People's Council, said that the Central Bank of China should try to regulate crypto-currency companies and the actions of digital currency users, rather than trying to stop the adoption of bitcoin by force.
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