Why government Don't kill btc?

[Kakmakr]

The attempt to kill it, will just make it more desirable.  

The "Prohibition" in the United States was a nationwide constitutional ban on the production, importation, transportation, and sale of alcoholic beverages from 1920 to 1933. Did this ban stop people from producing, importing and transporting and selling alcohol? The answer is NO....

The American public adapted to this ban by taking these activities to an illegal trade and distribution network that operated underground and the government had to push more resources into trying to stop that. (costing them more tax money)

The government also quickly realized that they are losing taxes on the illegal alcohol that was being sold. So it was doomed to fail from the start.  

How will they stop people from using Crypto currencies on the Dark markets? Have they been successful to stop Monero or Dash or any of these privacy coins on Tor markets? ... No, so why would they be successful in doing that, if they banned Bitcoin?

[maxreish]

That banning of gold was an issue before by the US government which private investors can not be allowed to own a bitcoin unless for jewelry stores. But it was totally different from today and not appropriate to compare it with Bitcoin.
 First off, even government doesn't have a capability to kill bitcoin. But, they can control the use of bitcoin, inhibit patronization by creating a bitcoin regulation. And who knows? Even government can secretly owned bitcoin even if it's banned in their country.

[Bitcoin_bullish]

What is Stopping?
Why government Don't kill btc?

Satoshi managed to create the blockchain that gives to Bitcoin decentralization. Bitcoin is not administered by an entity or a government. It is managed by consensus. How powerful or rich a participant in the community is, it does not matter when making a decision. So the power of a single government in unimportant and no one can kill Bitcoin.

Why They protecting the btc?

On the contrary, governments have so far shown their distaste for Bitcoin and try to stop it, regulate against Bitcoin, and campaign against it using their favorable mainstream media.

Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in  history

Are they protecting Bitcoin or trying to ban it? You can't have both arguments one after another. It is either one or another.

[Furious 7]

The government cannot kill bitcoin because they are currently strong in the market with many big investors even though it is a well-known company so what's the business of the government to kill btc? There are no regulations even in the laws in every country do not have it, I am sure that in the future the government will use blockchain technology that is being developed so it is not surprising that the government can secretly buy bitcoins in large quantities because this is an asset. most valuable in the future and almost the same as gold.

[lepbagong]

the government thinks not only for short-term interests and of course thinks how the economy can run in the country. Of course there are causes and consequences if the government wants to ban BTC, because clearly regulations must be made so that everything can be properly protected if BTC wants to be legalized in the country, but if it is not profitable, of course the government will ban BTC in its country.

As long as there is reciprocal mutual benefit, of course the government should of course accept BTC as a legitimate tool and can take advantage of the BTC revenue regulation.

[Latviand]

It either the government accept bitcoin or ban it. But, here is the fact, bitcoin will continue to thrive as a non centralized crypto.

I believe governments have started seeing the positive side of bitcoin.

They only have two options: either to ban or to accept it in their country.

Bitcoin will never be dead even if the government is against it. There are a lot of bitcoin fans here in this world and it is really impossible for them to vanish instantly. Governments are not prioritizing about banning cryptocurrencies especially bitcoin, is because they know that there are a lot of profit in using bitcoin and regulating it in the market and their economy.

Governments are benefiting from it by those transactions fees that they can collect in every transactions that the customer do.

[shoreno]

The attempt to kill it, will just make it more desirable.  

i qouted this because this reminds me of something else . i know , it was also a qoute . " what kills you makes you more stronger "

 but its true because if we observed on the past there are so many people hate and wants to kill btc but it only make btc more stronger and more popular because of that  . now we arent afraid on btc to get killed but we do want it more to happen because we know that killing btc wont still be possible for real

[Renampun]

how can the government kill Bitcoin? whether by banning all crypto exchanges or by turning off the internet...
the government will not be able to kill Bitcoin because Bitcoin has become one of the valuable assets. currently, the government in many countries is thinking more about the profits that can be generated by taking advantage of taxes on crypto players.

[milani]

It either the government accept bitcoin or ban it. But, here is the fact, bitcoin will continue to thrive as a non centralized crypto.

I believe governments have started seeing the positive side of bitcoin.

Of course you are right that the governments saw lots of benefits and interesting and perspective sides of the BTC and crypto using, but personally I doubt that they consider it to be something good for all of us, but for personal interests more))) that is why it is not forbidden totally yet but tries to be regulated and not for them but for lots of us)))) because this situation when all these benefits that we get with using crypto and BTC is not suitable for government))) it is as clear as a day.

[blckhawk]

What is Stopping?

Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?

Like They did with Gold in USA They banned Gold then They Secretly bought Gold in  history

I am pretty sure they tried but unfortunately, they can't probably because of what characteristic Bitcoins have. The government thought that this will be a threat to the current system. That is why they did think something that can able them to manipulate it somehow and that is through exchanges. Some others find and created some flaws in order for people not to recognize this currency such as using the media to mislead what is the true purpose of this innovation. However, throughout the battle of government against Bitcoin they manage to ban it somehow which makes their people unable to use it.

[MURONDI]

they can't stop bitcoin, almost everyone around the world uses bitcoin, maybe if it could paralyze the internet network around the world bitcoin would stop.

[GideonGono]

I think there are two reason why they don't kill BTC.
First is they couldn't really kill it or stop it unless they would totally shut down the internet to stop all the transaction but we all know that they wouldn't do it.
Second is some of them are using it to launder or hide some of their assets or money.

[achach]

Maybe they don't know how to handle it. Or maybe they want to use it in the future for their own purposes.

[Alert31]

Bitcoin now has a growing community after 10years of circulating in crypto market. The demand keep on increasing that makes it's value higher and i think government aware about that and i don't think that there is no government employee investing in bitcoin. One day we can see government will accept bitcoin and legalize it even they have no full control on it.

[Ridwan Fauzi]

Why they should kill bitcoin? There is no reason to shutdown bitcoin since there is no negative side if their citizen use bitcoin.

More than that, at the current time bitcoin can be made as an investment place where the people can make a profit throught it. More ever in this situation, I believe there will be many people who will need a side income to meet their daily life.

So, it will be a wrong way if they kill bitcoin and prohibit the utilization in the country. We are find if bitcoin can't be use as mean of payment because I'm aware that using money fiat is more easy rather use bitcoin, but there is no didn't accept bitcoin as mean of investment place.

[cabron]

Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in  history

Are they protecting Bitcoin or trying to ban it? You can't have both arguments one after another. It is either one or another.

It could be that all these banning and illegalizing it are just shinanegans or so to make it look like they don't really want BTC and then suddenly they have the reason to use blockchain for all aspects in government to control people by collecting data of the people.

The early adoptors of BTC and cryptocurrency and the rich people of today can easily access crypto and invest but it definitely a good way to finally collect the data of individuals who are future money makers.

[kryptqnick]

What is Stopping?

Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?

Like They did with Gold in USA They banned Gold then They Secretly bought Gold in  history

Because they wont able to do so.If they able to kill BTC then they had already done it and thats why we do see lots of regulations and laws towards cryptocurrency but this decision would vary on each country since not all are on the same side.Some do support it and some do see it as a threat.

Government cant kill BTC even the creator itself wont able to do so and thats the beauty on dealing with Bitcoin market yet it has been supported by many and the price is dictated depending on the supply and demand.

For government on owning secretly then theres no surprise on that since theyve been holding specially to those coins which are been confiscated
on scam programs or even on that silkroad btc's.

Last, you cant compared Gold to BTC.

Some government officials own BTC even in my country, and I'm sure there are owners in other countries as well. There are also some govs (like that of North Korea) rumored to possess significant amount of BTC. And while I agree that killing Bitcoin is impossible due to its decentralized nature, I think there are rich govs that could cause serious damage to Bitcoin by accumulating a lot of BTC overtime (or via OTC deals) and then selling it fast to dump the price. Another powerful choice is to ban Bitcoin and make it a criminal offense to possess it. If a major country like the US did that, many would be discouraged to use Bitcoin and even more would panic that other countries can follow this example. But all such actions would make Bitcoin take a hit rather than kill it.

[pawanjain]

Bitcoin is something that no individual can control and that's why Government cannot kill bitcoin.
But yeah they can still restrict people from using it by establishing laws against bitcoin in their country.
To be honest, Government won't be able to gain anything by regulating bitcoin and many Government's have already accepted it because they know that they can profit more out of bitcoin if they simply accept it and legalize it in their country.

[ILuckyGuyI]

Governments don't have the power to shut down Bitcoin. Because Bitcoin is decentralized. So, its control is not on anyone. Governments can ban Bitcoin and there is no problem with that. When it comes to killing it, it is not possible.

[Blackrain13]

What is Stopping?

Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?

Like They did with Gold in USA They banned Gold then They Secretly bought Gold in  history

I think government can't stop bitcoin because they know how valuable it is and they also know that the demand of bitcoin keep on increasing. If they want to ban it they can do but I am sure that the government know the benefits of using bitcoin and maybe one of them are also investors of bitcoin.