Can Governments Kill Bitcoin?

[laryillary]

Each individual user of the network bitcoin can safely store his money on his computer, anonymously send to any part of the world and not be afraid that his account can be blocked if he somehow did not please the state or bank

[ezajavo]

i dont think so, that governments can kill bitcoin. perhaps they can dump the price with their laws against btc but definitly not kill it, because is not easy

[Colt81]

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 is change our life, from rugs to riches. There are some people are bad impression in bitcoin. Maybe they did not know the big advantage in joining in bitcoin maybe they don't know how to earn big profit in bitcoin. Bitcoin is still stronger and fight for our future. I don't believe they can completely erase bitcoin in the game board. It will take more than political influence to do this.

[copoyes]

well maybe it could be if the government
create a law for those who invest, buying and selling bitcoins will be imposed criminal penalties or fines
by making such a regulation likely to be a stirring news if any country makes such a rule
but well there does not seem to be any such rules
there will be some debate

[Rollkal]

There are some governments trying to oppose the BTC. But I do not think much about BTC, because other governments still accept BTC. and BTC will continue to exist. So please invest in BTC.

[Mr. Sorry]

For now the possibility exists, as we know the impact of bad news and the closing market market in a country could have a big impact on Bitcoin. What I'm afraid of is if the big country is really illegal Bitcoin and many small and developing countries follow it. Hopefully it does not happen...

[Biasaae]

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?

Some countries forbid bitcoin because they can not control it. They plan to make their own digital currency in order to be controlled. I do not think it will have much effect because Bitcoin has its own community.

[Hugbash]

For me its possible that government will kill bitcoin. Infact some other countries are in the plan of doing it. According to the news, India is about to kill bitcoin. They ban bitcoin in all banks. Bitcoin will become illegal in all transactions.

[eriwis]

I don’t think so, they can make their own digital currency, but when going to international transactions they will exchange it with bitcoin.

[rye18]

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, but specific to its territory only.

[carrie_white]

I think of course the government can kill bitcoin, let alone superpower like US and russia. the government could have banned everything related to cryptocurrency, especially bitcoin, and with that no one else would want to invest crypto or save their money in the form of crypto, so that way the market would be ruined and there would be no cryptocurrency

[laurenB7742]

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 anyone can kill BTC unless the whole BTC community agrees to do so. BTC is distributed and decentralized which means it's not under any single authority's control. But yes government policies on BTC can have a huge impact on the crypto market, as in Sep last year we saw a huge decline in BTC value after China ban ICO's.

[darkangel]

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?

Some large countries are quietly killing bitcoins. They seek ways to prevent bitcoin development. Their purpose is to kill bitcoin then they release their virtual money. This is why China prohibits the use of bitcoin

[jokowi]

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

Bitcoins are not easily killed by the government. The government does not control bitcoin. If you want to kill bitcoin, all countries in the world must simultaneously block bitcoin. But I think this is totally unlikely

[rext]

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.

Indeed, the government can only limit the development of bitcoin. Some countries like China banned bitcoins, causing bitcoins not to develop in these countries, but it flourished in other countries such as Japan and Korea.

[Boov]

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

Bitcoins are not easily killed by the government. The government does not control bitcoin. If you want to kill bitcoin, all countries in the world must simultaneously block bitcoin. But I think this is totally unlikely

The bitcoin itself will no longer be killed by government. As long as the government has no access on the server of it, They will not control the bitcoin and it will still exists. Bitcoin is still in the market if the server will still have no plan in deletion of bitcoin. And i think, Bitcoin will exist forever.

[GodMode]

More chances that Bitcoin will kill government

[taeewo]

I dont government can kill bitcoin, they can only make the price drop drastically by closing many centralized exchange which people still have opportunity to use decentralized exchange in trading as government can not control decentralized exchange...

[Wipeout2097]

Government can ban the Bitcoin but cant stop the Bitcoin.Bitcoin have it own platform and peer peer technology based on Blockchain no need of third party or regulator authority to operate the Bitcoin.
It is good for government to legalize Bitcoin will be beneficial for the economy of the country.

[giantrobot]

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.

I think the government can not kill bitcoin. They want to kill the bitcoin to create their virtual currency, but they will not be able to. Some countries recognize the potential of bitcoin and they favor bitcoin, because bitcoin helps them attract investment.