Will the governments kill cryptocurrencies

Government's goal is to have a type of control over the crypto business that is the reason it shows up they are battling against it. Obviously, control over it will wreck the decentralization target which blochain/crypto offers. In any case, I think there will be a center ground to go after bargain over the long run as Government must choose between limited options than to line up with the progressions in this space.

I'm absolutly sure that governments can't kill crypto, only that they can do - forbid it in country. Also I look at some countries that allow crypto at all. However regulation will come but nobody knows when it happen.

most likely they will adopt and make crypto work the way they want it.

if crypto run wild, best they can do is block all crypto related stuff. just like in China and India.

but still the resistance is futile.

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?

As I see it, I don't think governments will do that. I say that because of the fact that the cryptocurrecy, although the market can go down on really doubtful dips, which can lead to collapse at any time, it always has the knack to recover and get back the value that it lost. Also, it has the capability to rake in big amounts of money, if a good project has been realized. Therefore, if it can receive much needed support from business entities and governments alike, then it can really sky-rocket and gain more traction as a market that could help it bring in big bucks in a country's local business sectors.

Quote from: Xising on September 04, 2018, 12:09:27 PM

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

In my view, government can't kill cryptocurrency because they have enough knowledge about the technology which is what have of crypto. Also they don't know how to kill it, they need a in-depth analysis and study it very well about it. Therefore cryptocurrency will be free from government which good to us because it is the only that we can get lots of money without tax to pay.

i think that they will have to make some trade-off because it's the future, they can't stop it.

Government never ever kill crypto market because they are getting good response from crypto but they never want to regulate or start crypto in their country only because of some reasons. But they follow crypto and get interest from this market.

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

Of course many governments will continue to limit the Crypto currency! But they can do it only legally, from the technological point of view, it is almost impossible to limit the crypto currency!

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

maybe yes, because according to them crypto can be said to be a very high risk investment and can be used as a bad thing like money laundering and other bad things. but in my opinion it depends on the user, if the user is smart then he won't do stupid things like that.

The government of most countries are now waking up to the uniqueness of cryptocurrency and it's ernormous potential.

Governments are in debt and we know that.

https://coingape.com/trillion-dollar-global-debt-bomb-bitcoin-saviour/

Global debt closes to a staggering $247 trillion

If you will read the whole story, you will tell that government (some) are doing everything to ban cryptocurrency.
But in due time cryptocurrency especially BTC will be the answer on this problem worldwide.

Governments really want to kill cryptocurrencies but they cannot kill it directly. They may need to use some black power to control crypto market
For example, they buy enough hash power to kill any POW coin in the market
Or they hold enough coin to kill any POS coin in the market.

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

As long as the hate, and the idea that they are against exist, the run against cryptocurrencies will still continue. Not to mention this but I think there will be an end to that kind of block they are doing. Plus, as if the government could kill the cryptocurrency, well, I don't think so because how could even they keep an eye looking this thing around here when in the first place is that they could not even fixed up the issue or concern on their own. The fight will took up a long long time or it might come to an end soon.

The crypto currency, like any new technology, has positive and negative sides. At the moment, the negative sides outweigh. Crypto currency is a threat to economic security for any country, since without control from the state allows you to redirect cash flows - this leads to destabilization of economic and financial policies in the state. Crypto currency is a safe way to transfer money and communicate for scammers, drug dealers and terrorists. This alone is enough to put any use of crypto currency outside of the law. However, it is practically impossible to prohibit crypto currency, since the main protection of the crypto currency is decentralization, it will not allow it.

It looks like the government will not be able to stop cryptocurrency activity just like that. They must find a reason and strong evidence if it is true that in the cryptocurrency there is something wrong in their eyes. I just hope there will be no action like this because the cryptocurrency era has just begun.

Quote from: blmpnetwork on May 11, 2018, 03:23:55 PM

I think the government has the power to kill Crypto, maybe the government is currently planning to kill Crypto, so the price of crypto falls for a long time.

I believe that it is undeniable that the government feels threatened by the cryptos, since it is a system of rebellion against the government, and takes away their power over the citizens, but there is not much they can do because the best thing about cryptos is his anonymity, of course, they can regulate certain investments, but we will still exchange money for cryptos for their simple convenience.

I can say so, it is the lack of centralized control over the processes. This is the main reason why governments are afraid of crypto-currency. To understand where this leg's feet grow from, it is necessary to learn something about governments and conventional currencies.

Quote from: Nidhi Bhatia on September 04, 2018, 12:49:47 PM

I think the government can not yet decide to pull this area in parts or wait until the cryptocurrency will not grow something better, from which it will be possible in the future to have good interest.

Current situation is just temporary.After some time the government will stop fighting with decentralization and recognize its benefits in many areas. After a few years, cryptocurrencies will be used in most developed countries of the world and they will become familiar to most people.