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Author Topic: Why government Don't kill btc?  (Read 1341 times)
nrgmanuk
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September 19, 2020, 12:51:04 PM
 #81

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 the future. The government does not own bitcoin, but it can control it, more precisely, control those who have bitcoins. Trying to master and control is easier and more profitable than killing.
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September 19, 2020, 05:38:04 PM
Merited by Ratimov (1)
 #82

What is stopping them are the fundamental features of Bitcoin itself. You cannot kill Bitcoin. I guess they've already tried countless of times. And all to no avail. They've labelled Bitcoin all kinds of names and yet the thing is still unstoppable; it's still moving forward.

I think the government's actions for a long time cannot be called protecting Bitcoin.

I don't know how much the government owns right now but those are actually BTC confiscated from certain illegal activities which will end up either auctioned or sold. The government doesn't own BTC for the sake of owning it. But, for sure, a number of individuals in the government are secret hodlers of BTC.
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September 19, 2020, 05:52:32 PM
 #83

Styrictly speaking, it's because "killing" bitcoin is impossible. All they can do is discourage people from using it by, for instance, banning financial institutions from providing fiat moeny to bitcoin businesses, like they did in China, or not allowing people to register a business if it's related to cryptocurrencies.
Some governments in countries like India or Russia have taken some action but they all know it's a war they cannot win.
Exactly. Shutting it down would be impossible because they did not make it in the first place. Also, taking advantage of it by implementing the collection of tax from cryptocurrencies is something that the government cannot do because they do not regulate it in the first place. And what there’s left to do? Banning and discouraging people. But as they see, Bitcoin never stops growing.
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September 19, 2020, 06:27:43 PM
 #84

Styrictly speaking, it's because "killing" bitcoin is impossible. All they can do is discourage people from using it by, for instance, banning financial institutions from providing fiat moeny to bitcoin businesses, like they did in China, or not allowing people to register a business if it's related to cryptocurrencies.
Some governments in countries like India or Russia have taken some action but they all know it's a war they cannot win.
Exactly. Shutting it down would be impossible because they did not make it in the first place. Also, taking advantage of it by implementing the collection of tax from cryptocurrencies is something that the government cannot do because they do not regulate it in the first place. And what there’s left to do? Banning and discouraging people. But as they see, Bitcoin never stops growing.
But didnt they really make it ? how did we know when the founder itself didn't say anything with it's background  . What if satoshi is working from a government so we can say that btc is made by government , that's possible because there are other cryptos that were also made by them . Banning didn't  discourage people but this totally kills the hope of people to use a bitcoin .  Discourage means that there are still hope left of using a btc  . They can discourage people by saying btc is like this or like that .

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September 19, 2020, 07:43:54 PM
 #85

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 do you imagine it? How do you think you can kill bitcoin? How do you think you can kill a decentralized system like the Internet? This is simply technically impossible. The state is not a single mechanism -it is a lot of different departments that are disclosed to each other and cannot act together.

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September 19, 2020, 08:20:26 PM
 #86

Fortunately, they cannot do this. As the President of Russia once said about cryptocurrency: "What cannot be banned must be headed." Perhaps they would have limited him long ago, but in reality they cannot. This is very good, because the world is really becoming different, more decentralized.

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September 19, 2020, 08:22:55 PM
 #87

Maybe you should learn how to speak properly before making such ridiculous statements. If you learnt about bitcoin you would be able to answer these questions. Bitcoin is a tool of liberation and was designed with this in mind. These things were all thought of when bitcoin was made. You cannot ever control bitcoin. You may as well try to ban the internet itself.

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September 19, 2020, 08:32:08 PM
 #88

Kill Btc?
Btc has got a physical body? Since when? /sarcasm
How can it be killed when it is not even alive?
Few governments hold Btc (not governments but few members of some governments), Btc is now in the hands of many high-rated people who will not let these governments do that because governments know that they need them (the rich guys) for their country and their own pleasure for money. People like us are involved in this in a very large number now that stopping has gone out of fashion.

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September 19, 2020, 09:02:34 PM
 #89

Maybe you should learn how to speak properly before making such ridiculous statements. If you learnt about bitcoin you would be able to answer these questions. Bitcoin is a tool of liberation and was designed with this in mind. These things were all thought of when bitcoin was made. You cannot ever control bitcoin. You may as well try to ban the internet itself.
Don't get bothered with him, only he needs attention.
Because in the first place, the government never think about killing Bitcoin or cryptocurrency in general. What they want is that tried to regulate Bitcoin and controlled it but unfortunately, it is impossible and Bitcoin still decentralize and uncontrollable.

Bitcoin becomes the hottest investment today and almost all of us knew it already aside from those people who have never engaged in the internet. It soon comes that the government will become friendly to Bitcoin and allow the people to use it freely without the hesitation that might put them in jail just like what happens in some country.

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September 19, 2020, 09:11:01 PM
 #90

I don't believe the government is capable of killing Bitcoin, because no one can shut down the Bitcoin system. So the government can
only be limited to banning Bitcoin,but usually not long after the government realizes the benefits Bitcoin has, it will lift the ban. Usually
countries that accept Bitcoin, only limit Bitcoin as a digital asset, they do this out of fear Bitcoin will replace fiat.

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September 19, 2020, 09:36:42 PM
 #91

Government cant kill btc cause they knew the importance of btc  in our world today, and maybe some of the government official do own btc thats why they cant kill btc as what like by the other people.

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September 21, 2020, 04:36:07 AM
 #92

Government don't kill btc because they know that btc is one of online business can help many people around the world.  Maybe some big businesses owners investing in it. In fact I knew the person who has big investment in bitcoin. She has meet some investor also from any different project.

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September 21, 2020, 04:59:32 AM
 #93

Like they did with gold? At the end of WWII, the U.S. had 75% of the world's monetary gold. How many Bitcoins is the US holding now?

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September 21, 2020, 05:29:26 AM
 #94

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


It was not fully correct. Some of the country government warm welcome the bitcoin and cryptocurrencies. In USA, many transaction is happening with the bitcoin.Bitcoin is also had a good market like developing countries Nigeria,Indonesia,India. So it had good response from some government. Even in India,it was a illegal for some period and legal one now.

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September 21, 2020, 06:14:24 AM
 #95

No government can kill bitcoin if they want. Because you can't control it. It has its own features which keeping it away to being killed. And i agree that many country doesn't like bitcoin but yet there many countries who like and supports bitcoin and Cryptocurrency. Third generation countries in Africa supports blockchain and they are using it on their way. I hope one day those countries come up in top.

Now, do they own BTC secretly? I will say yes. I don't know I'm wrong or right but I think most of the countries high ranked people owns BTC secretly because they also knows it's value. 

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September 21, 2020, 06:20:19 AM
 #96

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 don't think that the government secretly owns bitcoin and other cryptocurrencies because bitcoin is decentralized and an open-source, which means anyone can access its source code. Still, they can't control it, even the government. I think the government doesn't kill bitcoin and other cryptocurrencies because other countries find bitcoin as an opportunity for people who want to earn a profit. Also, blockchain technology can help businesses because of its transparency, enhanced security, and easier traceability.

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September 21, 2020, 06:53:35 AM
 #97

Bitcoin users is really growing although there’s other country it is prohibited. When you look how bitcoin surpass the challenges when it was created we will see the improvement just like people adopt the use of btc. It cannot kill instant by the government instead they should support the use of it as people also gaining from bitcoin.

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AakZaki
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September 21, 2020, 07:26:06 PM
 #98

~snip~ It cannot kill instant by the government instead they should support the use of it as people also gaining from bitcoin.
Many government agencies have adopted it, one of which is banking. They are at a better level of efficiency, security and transaction speed of cryptocurrencies. It made me think crypto was going to be the future of the world. Indeed, some countries have different rules because crypto has no institutions that prohibit them. In addition, there are many advantages if it is better regulated, for example the state can collect taxes and adopt technology. So I think crypto will keep going with regulatory updates.
Source: https://coinatmradar.com/countries/

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September 21, 2020, 08:24:37 PM
 #99

Maybe you should learn how to speak properly before making such ridiculous statements. If you learnt about bitcoin you would be able to answer these questions. Bitcoin is a tool of liberation and was designed with this in mind. These things were all thought of when bitcoin was made. You cannot ever control bitcoin. You may as well try to ban the internet itself.
Don't get bothered with him, only he needs attention.
Because in the first place, the government never think about killing Bitcoin or cryptocurrency in general. What they want is that tried to regulate Bitcoin and controlled it but unfortunately, it is impossible and Bitcoin still decentralize and uncontrollable.

Bitcoin becomes the hottest investment today and almost all of us knew it already aside from those people who have never engaged in the internet. It soon comes that the government will become friendly to Bitcoin and allow the people to use it freely without the hesitation that might put them in jail just like what happens in some country.

Yeah. Such clueless people. It would just be a waste of police time to arrest people for this. It might also start riots and protests. It is basically taking your freedom away. Bitcoin still helps the goverment and country becuase there is still sales tax and there is also the stimulation that it brings to the marltet whcih is much needed during these tough times.

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September 21, 2020, 10:11:53 PM
 #100

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 cant or maybe they are just finding ways on how to right now. Bitcoin is decentralized no one can control it. Government cant take over it or get rid of it in the internet completely all they can just do is continuously issue bans and illegal offense for those who uses it. Not even the creator himself can stop bitcoin.



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