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Author Topic: Can government destroy Bitcoin?  (Read 1561 times)
soenaderecho10
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May 03, 2018, 09:44:25 PM
 #141

Bitcoin is one of the most powerful currency in the whole world. There are many country are banned bitcoin for there country but it is not possible to destroy bitcoin forever.bitcoin is a online currency. Actually no government control it. There are many more negative news about bitcoin in the social media now. So if any government want to banned it for there country it possible but no government can destroy bitcoin.





I think its hard to ban bitcoin in the other country because other country used bitcoin so the government agree that to used but other country banned bitcoin because the govenment scared to replace the currency of that country and did not get a tax.like my country bitcoin is legal to use and the people invest it and become rich so that i think its depends of government.

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May 03, 2018, 09:50:37 PM
 #142

No. Government of nations have decided to have bitcoin stopped but it is possible. Bitcoin is decentralized in its nature and cannot be curbed by anybody so it is quite discouraging to the government. SOme of the leaders are corrupt and dont want their transactions exposed.
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May 03, 2018, 09:51:42 PM
 #143

I think they cant. Bitcoin is very successful and big industry beside there is no big effect of it to the real world but make the people grow. In short there is no bad reason to totally ban bitcoin.
They can't kill bitcoin, even if they try ... Fans of cryptocurrency fear government regulation could ruin it, but they shouldn't be concerned. ... As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin.

We can't be sure that government will not ban this cryptocurrency, but here in asia now compared to western countries bitcoin was highly adopted. More countries now used cashless payments as well as card payments and online transactions. The bitcoin idea is there, and other countries outside of asia were now also thinking of bitcoin to be used as main currency for buying goods aside from fiat cash payments to eliminate cash or fiat money.

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May 03, 2018, 09:57:30 PM
 #144

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

They cant destroy bitcoin because it happen online, but they can create a law that can llegalized bitcoin in their country so that it can possibly stop any transactions on their country. But which is hard to determine if one person is using a bitcoin because using a bitcoin is can really secure yourself and no one even notice it.

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May 03, 2018, 10:11:47 PM
 #145

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


it could somehow imperil patially the movement of the coin when goverment try to take bitcoin down. but as we what could see in the marketplace the coin will just rebounce back and regain its strength.. its decentralize system so its not that easy to destroy. not unless people will loss interest in it. maybe that would be the end.
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May 03, 2018, 10:14:02 PM
 #146

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


The government can never have a full control of the bitcoin. It can challenge bitcoin by banning it in their country but bitcoin has survived and will continue to survive. It is already evident today that some countries and even large companies such as google and facebook ban bitcoin but it recovered and the price continue to increase.
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May 03, 2018, 10:18:42 PM
 #147

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


     No,government can't destroy bitcoin because it is decentralized digital currency which means no single authority controlled it.Government can put sone regulations and taxes but they can't destroy and stop it. Bitcoin only destroy if there is a totally shut down of internet and there is no more demand in the market.

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Tapyaks72
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May 03, 2018, 10:26:34 PM
 #148

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


     No,government can't destroy bitcoin because it is decentralized digital currency which means no single authority controlled it.Government can put sone regulations and taxes but they can't destroy and stop it. Bitcoin only destroy if there is a totally shut down of internet and there is no more demand in the market.
The only possible things that  the government can do  to adopt and put  some policy, because the government is only after  taxation and the security of their citizen, a policy during local currency exchange they can apply some regulations pertaining to taxation and safety.

Ismat Morshed
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May 03, 2018, 10:26:58 PM
 #149

Bitcoin is one of the most powerful currency in the whole world. There are many country are banned bitcoin for there country but it is not possible to destroy bitcoin forever.bitcoin is a online currency. Actually no government control it.Bitcoin is decentralized in its nature and cannot be curbed by anybody so it is quite discouraging to the government.
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May 03, 2018, 10:57:17 PM
 #150

The government can not destroy Bitcoin, but the government can forbid its people to play Bitcoin. if in this world Many countries forbid Bitcoin, and ultimately many people who do not use Bitcoin, then Bitcoin will experience a big price reduction. maybe this will happen, if any government intends to destroy Bitcoin. but I do not think that will happen either.
slackcryptoz
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May 03, 2018, 11:00:51 PM
 #151

Governments if get united can destroy, but governments won't get united in this regard. Because, each government has got different stand on the cryptocurrency usage. Some agree and adopt it, while some doesn't. Maybe similar to the recent months governments come up with regulations that will restrict the growth but won't lead to destruction.
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May 03, 2018, 11:15:41 PM
 #152

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


I have no doubt that at first the governments had wanted to do everything possible to destroy the progress that bitcoin has had among Internet users, but in these precise moments it seems that the financial authorities have already understood that it is impossible to oppose the advancement of technology, so they seem to be building bridges towards greater permissiveness to this technology, while trying to update the regulatory framework that allows bitcoin to receive a status of legality in different countries.
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May 03, 2018, 11:16:15 PM
 #153

Governments if get united can destroy, but governments won't get united in this regard. Because, each government has got different stand on the cryptocurrency usage. Some agree and adopt it, while some doesn't. Maybe similar to the recent months governments come up with regulations that will restrict the growth but won't lead to destruction.
Right.I believe bitcoin is already inevitable today because a lot of people are learning to value it already as a form of long-term or even short-term investment.So even if the government will continue on making regulations against bitcoin,that won't stop bitcoin from conquering the whole universe since people are the ones who controlled it and not anybody else.

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assyla
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May 03, 2018, 11:24:31 PM
 #154

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

Yes, that is true some governments today are banned bitcoin on their country, it is sad but it is happening. Although it is true, it cant destroy bitcoin, bitcoin will continue its transaction and no one can stop it becuase it usually happen online and the government cant stop it because it is not under their scope in government.

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zbaharudin
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May 03, 2018, 11:40:08 PM
 #155

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


Indeed in some countries today has banned the use of bitcoin, but i think their efforts to destroy bitcoin certainly not easy
and so far government has only been able to restrict bitcoin users to the prevailing laws of country. This is indeed a worrying endeavor
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May 04, 2018, 12:22:42 AM
 #156

I think that the government will not be able to destroy bitcoin, because the government has no right to destroy it and im sure with it.... Smiley
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May 04, 2018, 12:43:46 AM
 #157

No,
It is out of control for government.
But some country exp china officialy band but,
They use BTC unofficially.
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May 04, 2018, 12:47:50 AM
 #158

I think the government can not afford the power of the country, especially as many countries know that bitcoin and legitimate countries are connected to bitcoin so the bitcoin can not just break the government because it also supports bitcoin

I think government cannot destroy Bitcoin because there are a lot of people are now supporting it, so Bitcoin is now powerful; thus, it will never easily destroy.
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May 04, 2018, 12:48:10 AM
 #159

As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?


No, I am not sure . the governments only can ban the bitcoin transactions in their countries. I think the government should accepts bitcoin, because bitcoin is the future currency.
cpoer2011
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May 04, 2018, 12:54:45 AM
 #160

Nah, the government can not destroy Bitcoin because it's Decentralized and as long people using or trading it, Bitcoin will survive. And the system itself called Blockchain will be use into many sectors. Change is coming, it's true.
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