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Author Topic: Why did the government want to kill Bitcoin?  (Read 1891 times)
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August 08, 2018, 11:07:43 AM
 #641

There are versions that some government directly participated in the creation and promotion of Bitcoin. To kill a cryptocurrency is a ridiculous idea, any government understands this.
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August 08, 2018, 11:13:45 AM
 #642

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.
i think opposite, its even easier to track the transaction based on blockhain technology, Only foolish who use blockchain to laudry their money , cause eventually they will get caught cause there is a record that will never be able to delete. Goverment not trying to kill bitcoin but i think they are think how to make this usefull and how to make transaction using bitcoin legal.

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August 08, 2018, 11:16:30 AM
 #643

For me, the government didn't want to kill bitcoin but they make some study on how to regulate and how to make some revenue or taxes out of it.

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August 08, 2018, 11:24:37 AM
 #644

Many governments are afraid of bitcoin because it can threaten the use of fiat, and if bitcoin is more popular and widely used it becomes an economic threat because the government has no power to control.


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August 08, 2018, 11:24:43 AM
 #645

For me, government see bitcoin as a threat to the country's economy. They see bitcoin as an illegal currency and this is not good for them. And also bitcoin is unstable so this makes the government to have fear.
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August 08, 2018, 11:41:24 AM
 #646

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

Yes, you have correctly said everything, but there are also other reasons. For example, such as money should be under the control of the state, and make a profit. A bitcoin profit brings only those who extract it, i.e. miners. And the state is not interested.

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August 08, 2018, 11:45:16 AM
 #647

You already stated the reasons of the fact why governments or the banks doesn want bitcoin. The truth is others still dont know how to use bitcoin efficiently they subject to the fact that it is a decentralized currency only.
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August 08, 2018, 11:52:20 AM
 #648

This reasoning makes sense if the government wants to kill bitcoin, but for now the government still fails to kill bitcoin. The factor of the government's failure is that it cannot control the circulation of bitcoin, so the government can only limit the movement of bitcoin users.

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August 08, 2018, 12:30:02 PM
 #649

Government doesn't wants to kill bitcoin government just want to take the control of bit coin in its hand and wants to run it with their own rules.
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August 08, 2018, 12:44:14 PM
 #650

Government may not want cryptocurrency to have its way due to selfish interest. Government seems to have seen the fiat currency as the means of fulfilling its selfish financial motives against the wish of the people. Financial crime such as money laundry and terrorism financing are also common with fiat currencies.

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August 08, 2018, 12:49:32 PM
 #651

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.
The main is that because our government needs to upgrade everything that is related to bitcoin especially internet and technologies where they need to place funds for it that our government cannot do it so easily.

pasti kaya
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August 08, 2018, 12:50:19 PM
 #652

maybe the government has a strong reason to kill bitcoin, but for me bitcoin is currently fine. what they want to do, I don't want to interfere.
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August 08, 2018, 12:58:00 PM
 #653

probably will have a big impact on the world economy according to the government, and therefore the possibility of governments wanting to kill bitcoin... Sad
kauban2018
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August 08, 2018, 01:27:40 PM
 #654

The government wants to kill Bitcoin it is because they consider Bitcoin as a threat to them. They find Bitcoin as a business in where they can't receive any payments from people who are joining this campaign. They want to stop Bitcoin and look for another business that can really receive and gain lot of money without knowing that Bitcoin help lots of people in where people is the government of each country.

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August 08, 2018, 02:15:53 PM
 #655

Mainly because they want to control this as well but are unable to.
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August 08, 2018, 02:22:10 PM
 #656

Because any cryptocurrency as well as Bitcoin poses a huge risk to the Bankers. Its basically a money war for who gets what. But thats the way things have always been. All we can do is push crypto and hope for the best.

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August 09, 2018, 01:14:46 PM
 #657

Were accidents when  could looking system transaction.  If to have regulation  we can to have total control. The decision will can to change  opinion government

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August 10, 2018, 07:53:50 AM
 #658

In my opinion, not the government wants to kill bitcoin, the term "kill" is interpreted as meaningless. The government wants to ban BITCOIN due to lack of information on how to adjust / control this electronic currency.
But in the future BITCOIN will be accepted as one of the reliable digital currency if Bitcoin has more specific regulations, guarantee the common interests of everyone and put under management of the government, then I think it will change in the minds of politicians. Undecided Undecided
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August 10, 2018, 07:59:18 AM
 #659

Governments are just not too comfortable with Bitcoin because they believe it is used to fund terrorism, involve in money laundering and excludes tax payment. Well, i believe the governments have ulterior motive behind this because of the decentralized nature of Bitcoin which takes the power back to the people.

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August 10, 2018, 08:00:36 AM
 #660

I think that it's the elucidation of blockchain. It causes bad harm to the politicians
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