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Author Topic: Can government destroy Bitcoin?  (Read 1626 times)
risatrakib
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May 06, 2018, 10:27:38 PM
 #441

No government can destroy Bitcoin now or in coming future . They just can control it in any country but will never be able to destroy it . Actually no one can destroy Bitcoin .

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slackcryptoz
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May 06, 2018, 10:31:28 PM
 #442

Bitcoin has been on the periphery of the financial markets for almost a decade, but is gradually becoming popular as an alternative asset class. so I think that no one can kill bitcoin because it starts at the moment to go to the top. and destroy bitcoin for all wakes not possible!
What's been stated is true, it is impossible to destroy the bitcoin. The hard regulations were the possible consequences to restrict the usage of bitcoin. Another thing if each and every government plans to impose hard regulations, then it might get itself towards destruction.
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May 06, 2018, 10:36:41 PM
 #443

I think idea of blockchain will live forever, but to be honest bitcoin is not strong enough to withstand G20 for example. It needs more support from common people and gain more authority. Also developers should try to make it more usable for common people.
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May 06, 2018, 10:38:06 PM
 #444

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


It would be possible that government destroyed bitcoin by means of banning it to their country. But as long as we people believe and use bitcoin as a means of payment or as one of our source of income then government would never be successful in destroying bitcoin.

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May 06, 2018, 10:42:50 PM
 #445

The government can't destroy bitcoin.
Because the government that prohibits the existence of bitcoin instead using blockchain technology for industrial activities, health and others.
I think bitcoin will be accepted in government
kingkonjac
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May 06, 2018, 10:45:09 PM
 #446

Governmetn will not destroy btc as they can face a really huge resistance from the population of the world especially on that country where they start to destroy the king.

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May 06, 2018, 10:53:09 PM
 #447

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


No i doubt that bitcoin they can stop or destroy bitcoin or cryptocurrency because they didn't handle who are holding it juat like in my country before they are not favorable in bitcoin or they banned cryptocurrency but at the end our government embrace it because even they put a penalty to those who are using it but we know nothing is impossible now in internet so that we uaing bitcoin secretly and at the end they are now legalize it because they also think that bitcoin have a big help in  our country.

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wallstone
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May 06, 2018, 10:58:00 PM
 #448

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


I don't believe that the government can completely destroy bitcoin and the market around it. I think that there will always people that will take interest on this innovation regardless of what the government says. Block chain technology is a very helpful and promising innovation that could lead our economy to success. I still hope that the government can finally listen and understand this.
Osakrita
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May 06, 2018, 10:58:59 PM
 #449

I do not think so,bitcoin started without the government.It is the peoples currency and draws its power from collective trust in it.It has proven it is a superior technology and with time will show greater adoption.Government regulations will only slow its progress not  kill it.Bitcoin can go back to the darkweb if regulations become too bad,Banning some thing has never really stopped it,e.g drugs,Rhino horns,mariwana etc.
BlackBeauty
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May 06, 2018, 11:10:28 PM
 #450

Governmetn will not destroy btc as they can face a really huge resistance from the population of the world especially on that country where they start to destroy the king.
I think government will never destroy bitcoin but banks are jealous from bitcoin because many people invest their a lot of money in bitcoin and that's why banks will never want that people invest their money in bitcoin, so I think that's why bitcoin is illegal in some countries but it will never destroy rather it will more improve and government will accept in future.
Doge dealer
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May 06, 2018, 11:26:20 PM
 #451

no one government can destroy bitcoins because its fan base is so wide and diverse it spans the entire world , it would require a tremendous amount of resources to attempt to do this and apart from not being economically viable no government that is forward thinking or concerned about it citizenry would want to ban bitcoins as it could single handedly provide economic growth .

melekseverce
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May 06, 2018, 11:36:13 PM
 #452

Of course! However bitcoin was independent, the government exerts a very strong influence (through the media, bans and laws on the use of crypto currency and other means), thus undermining the credibility of crypto-currencies!
bimbie
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May 06, 2018, 11:40:00 PM
 #453

I think the government don't have the ability to destroy the bitcoin,they can put or add rules and regulations in using bitcoin but destroying it is not possible.

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Peashooter
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May 06, 2018, 11:50:45 PM
 #454

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


Bitcoin has already created a legacy in our economy so I don't think the government can fully eliminate it from the market. And I think, if the government pushes bitcoin, the people in the community of cryptos will just shrug it off and continue what their doing. Bitcoin is a very complex business and every time critics says it won't last, bitcoin still prevailed and rise up.
Larva14
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May 06, 2018, 11:58:24 PM
 #455

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


Government can indirectly affect the market of cryptocurrency, both good and bad. But I still don't believe that the government is capable of destroying something that is build for the public. Cryptocurrency provides people a choice, freedom and security in finance. Cryptocurreny also created jobs and help people find a new career here. I just hope that the people in position can see how valuable this industry is.
Ethan Argu
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May 07, 2018, 12:03:36 AM
 #456

Maybe because goverment will find ways to do that why?
Because bitcoin has no tax. Goverment centralize the tax so if bitcoin will not agree for income tax i think they will destroy bitcoin.

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Weeko
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May 07, 2018, 12:04:05 AM
 #457

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

Excluded. It already and so all for a long time have understood. So now there is a process of trying on and trying to control, which are also not entirely successful.
massinedz
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May 07, 2018, 12:04:44 AM
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 #458

They tried but noone can destroy bitcoin because everyone use it right now
it will last forever
Nylelyn
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May 07, 2018, 12:25:11 AM
 #459

A government can destroy bitcoin but it would be difficult. One way is to completely shutdown the internet but impossible because it would destroy also all online businesses.  They can stop the access on all the exchanges. It is possible also for them to prohibit withdrawals thru banks or any money exchange. But all this move might create chaos to the their people.  What they can do better is to regulate on a positive manner and not to ruin it!

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dangwapo311
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May 07, 2018, 12:37:55 AM
 #460

I don't think the government has the capability to destroy bitcoin. But I believe they can stop or prevent bitcoin usage and that is already happening is some countries out there. Making bitcoin illegal is one way to stop it but still some people use it even if they ban its usage. They can try to deatroy bitcoin but they will only fail.
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