Why government Don't kill btc?

[isaac_clarke22]

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

From the definition of Bitcoin, they can't do it already.
They aren't protecting it. You can see a lot of countries getting cryptos banned for various reasons such as the common crimes like money laundering just because holding something under their radar tells that it is an illegal act to do.
We're never sure if all the government around the globe are secretly holding BTC though.

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[Asuspawer09]

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

Bitcoin is a great asset to the USA since its a good technology that is used in digital transactions and compared to some countries I think the USA is one of the countries that utilize bitcoin.

For sure they could see big potential to the bitcoin technology that is why they have no intension in killing or banning since it is a great asset that could also be useful in the future.

Compared to some countries that bitcoin is banned USA is different, still, we don't know who owns bitcoin probably it might be a countries secret but we just don't know who owns its or is it just one person Satoshi.

[DatKing]

First of all, cryptocurrencies are not like fiat money. They have a decentralized system and this is one of the main reasons why governments can't kill Bitcoin. I also think another reason is that governments started to realize how strong the technology behind Bitcoin and how bright the future of Bitcoin. The industry also helped governments look from a different aspect to the future and start to develop their own digital currencies.

[lebregone]

This is what I also notice, USA can do something like this if like to like fully banning bitcoin and other crypto currencies. What I am curious as of this moment is that,
the bitcoin creator is still unknown so there is a big chance that they creator of bitcoin is a government like US or any government out there who has the power to do it.

So I am pretty sure that they are protecting it in order to avoid banning the bitcoin as they are getting something from it. I don't know what but I am sure that they have
big plans for the future.

[adzino]

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

Bitcoin is decentralized. There is no central authority to that controls bitcoin. If there was a central authority, then it would have been easy to "kill" that central authority and bitcoin would die. Now since there is no central authority, the government can literally never kill it unless they force every person in the world not to use bitcoin.
All they can do is ban the usage of crypto currency, but there is no way for them to track if someone is using it or not.

[jrrsparkles]

There are two ways to take control of bitcoin blockchain so they can kill the blockchain network and all the transaction.

1. 51% attack possible to kill the blockchain but its nearly impossible to make it happen since the cost of executing is lot more just to make a pause on the existing blockchain network.

2. Shut down the internet worldwide, this also nearly impossible.

[dothebeats]

There aren't much incentives to stop bitcoin right now. They will be expending more energy and resources to try to shut it on all fronts rather than get more from doing so. Plus with the decentralized nature of bitcoin. the best governments can do to 'stop' it is to place regional restrictions on it. Say, countries from this region can try to agree with a common goal to not allow their citizens access to certain sites relating to bitcoin. But even that in itself will be too hard given that some countries have already accepted and legalized the use of bitcoin and have even created regulatory frameworks for it.

[pixie85]

They can ban it but banning Bitcoin would make them lose potential profits from taxes. Rich investors and traders pay high taxes but if you ban Bitcoin they will have to sell somewhere anyway. It will be cheaper and safer for them to move abroad and sell there than do it under the table.

It's very easy to put your coins on a memory card and take a jet to South Korea, Japan, or werever you like and trade there. The whole world would have to ban it at the same time for this to work and this will never happen.

[goldade]

The government can't kill bitcoin because of the very things that make bitcoin what it is. The government can't kill bitcoin because they have no control over it. We both know you can only kill what you have control over.
The worst thing the government can do to bitcoin is to ban its uses in the country just like countries are currently doing. Trust me, if the government had a way to kill bitcoin, they'd have done it a very long time ago.
Bitcoin is here to give individuals control over their money and it's here to stay

[Yamifoud]

And why they should do that?
They'll never find wrong about Bitcoin that will push them to eliminate. They heard about scamming, fraud, hacking, and any negative news toward Bitcoin but it is the fault itself, this is the fault of those people who are stupid to think about easy money, greedy individuals.

The government looked into Bitcoin as a huge potential market in the future. Yet, it can't be used as a currency but seeing people benefiting from this as a form of investment, they are likely giving their people a freedom to choose their life, financially.

[kawetsriyanto]

IThis has been an old issue and an old issue about whether the government can kill BTC.
Well, actually, which government is that? Are all the governments in the world?
There are a few things:
1. Bitcoin is very global and will really kill this because it is decentralized, trusted, and also used by many people around the world. so not only in a few countries.
2. Bitcoin is a valuable asset that can be used as a valuable investment. Here anyone might be interested, including from the government itself.
3. How can they kill BTC while BTC itself is owned by many people, is operated, and there are also many networks there that are used.

[MCobian]

I think Bitcoin is not being killed by the government, because there really isn't any benefit if the government does that. And also
the government realizes the positive side of Bitcoin which has the potential to make the world economy rise. The government only
want controls Bitcoin, but unfortunately Bitcoin cannot be controlled by anyone until now. There is even a possibility that the government
secretly owns Bitcoin, therefore most countries that accept Bitcoin only accept it as a digital asset, not as payment.

[dimonstration]

First of all, cryptocurrencies are not like fiat money. They have a decentralized system and this is one of the main reasons why governments can't kill Bitcoin. I also think another reason is that governments started to realize how strong the technology behind Bitcoin and how bright the future of Bitcoin. The industry also helped governments look from a different aspect to the future and start to develop their own digital currencies.

Some government started to use it and make it legal, they even see how beneficial it is during Pandemic that help ease transactions, maybe some officials also do invest in crypto as their investment like what their people also do. The only thing government can do is to warn the people to invest rightfully,to do research and be mindful where to invest. We're lucky that the government is open to idea of adopting crypto since it can benefit many if they will try to learn and study it.

[Sapphire915]

No, its not the way you think it is. Its not that really easy. The Government has no capability to stop Bitcoin and the Blockchain Industry. They can absolutely ban it in a certain Country but they can't force the people to stop using it in private or in secret ways. It will keep going and the great features continuously flowing like the unstoppable river flowing through the wide ocean.

[LogitechMouse]

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

How can they kill a thing that they didn't even created or owned. It has been done numerous times already saying that Bitcoin is dead blah blah blah. Fucking stupid.
They don't protect it though, there are still some countries who banned BTC completely for some reasons.
Secretly own Bitcoin?? Stop with this conspiracy theory you are creating .

Gold and Bitcoin are different.

[michellee]

The government can kill bitcoin if they shut down the internet in their country, so people don't have access to their bitcoin wallet. But bitcoin will still run in other countries because the other countries still allow the internet. I think the government is buying bitcoin secretly without the public knows, and I think the government is still learning about bitcoin before giving a statement. But the government can ban bitcoin from being accessed by the people, but I don't know how they do that. I just believe that they can do that.

[Slow death]

What is Stopping?

Nothing, bitcoin is something new and governments prefer to observe what will be the trend of bitcoin adherence, if many people are buying bitcoin then governments will need to be very cautious in the decisions they are going to make, do not forget that the government is composed of a small group of people who, to be in government, were elected by the people and going against the people can harm interests in future elections and relations with businessmen. That is why it is sometimes better to stay neutral, it is what governments are doing.

Imagine if any government banned bitcoin and after 2 years it looks at many countries that accept bitcoin living with bitcoin in a harmonious and happy way? these government that banned bitcoin will be seen as a government that does not know how to analyze opportunities and is against technology!

Why They protecting the btc?

where did you get that idea that governments protect bitcoin?

Its Becouse They own Secretly btc?

Huh? I did not know that!

[UserU]

It's very easy to put your coins on a memory card and take a jet to South Korea, Japan, or werever you like and trade there. The whole world would have to ban it at the same time for this to work and this will never happen.

I wonder how many Bitcoins does one need to actually afford a jet.

[AniviaBtc]

Governments are not that dumb to do that, some of them know that BTC do have a lot of potential and it really need some time and support for it to grow more. The only problem here is adoption and its volatility in the market, still people in our society thinks that bitcoin is a fraud and a ponzi which is not true. We need to change that mindset towards bitcoin and treat it as a normal currency. They are not literally killing btc but they are just against its legalization in their economy and the market. Not all of us do have the same vision and perception towards btc and we are just believing in its full potential to help an economy grow.

[Sirait]

What is Stopping?

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

= Stopping is Dead or without any trading activity at all.

= the government doesn't want to kill Bitcoin but they can't.
= the government has never protected Bitcoin. because it can't do anything to Bitcoin so the government just lets it go.
= own Bitcoin! I'm not really sure, but it's possible that some do have it secretly.