Can government destroy Bitcoin?

[joesorrell]

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

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[Biso]

They can try, but they wont succeed. The whole concept of decentralization is what will protect Bitcoin and other cryptocurrencies from governments. They are trying to delay the inevitable!!! Change is coming, they will lose their grip on the world and we will all have equal chances to succeed... 

[doblok]

many people and governments want to destroy bitcoin because they see it will destroy the country's currency because of the many restrictions and regulations they make and want to slowly stop it and this will not be easy because I assume that bitcoin is very strong and many countries are using it and up to now not some are harmed even bitcoin brings a lot of cool new winds in industry and business and I hope that the government will soon legalize it

[bellakrstna]

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

i think the government cannot destroy bitcoin.
bitcoin is an advance technology, it is decentralized. But the regulations about bitcoin may affect the price of bitcoin.

[jonruhoax]

I do not understand why there's always someone asking this sort of thing.
I think you can read many threads in this forum about banning on bitcoins and crypto. bitcoin can not be stopped by all countries, some countries can only prohibit it but not for its growth. see today the market grows pretty well bitcoin up 8k again.

[rapsa2018]

the government will never break bitcoin because its users and investors can only damage because they control the price.

[Jody.Drummer]

actually this problem is not important because the government will not be able to destroy bitcoin because this will be a very fatal decision for the country and the negative impact otherwise the government should quickly legalize bitcoin and this will benefit the country and the government will get much support in developing the country and this should be done

[bolbau]

on the scale of the country concerned, they may be able to minimize the bitcoin space. but it will not just close the chances of using bitcoin in the country. technology continues to grow, they can not shut the internet completely. many avenues can be done to keep doing bitcoin transactions, such as the use of VPNs, proxies, asset sales in overseas markets. it sounds illegal and criminal, but that's the reality that the movement of bitcoin will not be dammed.

[Dluretic]

Governments may try, but they cannot succeed.
Because the idea of bitcoin is decentralized, no government can ban it.

[Palmerson]

The ban does not destroy bitcoin. It seems to me that bitcoin can be destroyed by legalization. It seems ridiculous. But I can explain everything. People are attracted by decentralization and deregulation of cryptocurrency. Many people are now faced with the problems on the exchanges because of the regulation. Do you think this will add to the popularity of bitcoin?

[Kotone]

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

Yes they can, especially with how they can ban and create laws which make bitcoin unappetizing to the public. Which makes the stock of bitcoin lower and lower into the cryptocurrency market. With that said even if the cryptocurrency are decentralized it is still affected by a lot of factors which are also dictated by the terms set by this world and if a considerable number of governments and places even corporations does this then bitcoin can surely be dropped

[gantez]

The simple reason that they won't succeed is that bitcoin is a centralized coin. So with the availability of internet service, a hodler can still have an access despite the restrictions.

[bitart]

Maybe they could.
But why would they want to destroy it? If they only regulate it, they can tax it heavily, so they will have a huge income and they don't need to do anything but collecting the taxes.
If they ban it and want to destroy it, they won't be able to do that in the end and also they won't have any tax, any income from bitcoin transactions or profits.

[Dapper]

Destroy, no.   Cripple, yes.   

[waqasniaz007]

Bitcoin will live as long as a handful of computers run the bitcoin software on a network .It is likely  that it will still be the top cryptocurrency in the coming years, unless the community destroys itself due to greed or carelessness.

[Veterock]

I can even say how they can destroy! they can just buy up the bulk of the coins and that's it. The market is dead)

[aoluain]

no

the only thing they can do is restrict the movement from FIAT to crypto
or "punish" in the form of taxes people when they move crytpo back into FIAT.

The key is FIAT, that is all they can control, not crypto.

[Ais08]

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

I think hard on governments around the world, what is the reason the government forbids Bitcoin?
If I think Bitcoin does not harm all countries so why Bitcoin should be banned, the question is why the new government recently forbade bitcoin to grow, that we know that bitcoin has been going on for quite a while, even where the government at a time when bitcoin prices are still cheap, and there is no ban from the government, whether the government is urged by the banks around the world, so bitcoin growth is not too widespread, of course not, even more and more new users to join Bitcoin ...

[brampower]

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

These government could stop the growth of bitcoin momentarily and i have not seen any major governments taking a stance against bitcoin, some of the Asian countries have mixed response according to the region but they cannot shut the network but they can make things difficult for the users to trade smoothly.

[laayouni aymen]

i don't think that government can destroy Bitcoin , if they can do it why they let Bitcoin enter to wallstreet ?