Can the government hijack Bitcoin?

[palle11]

No , to answer your question directly. The government can't hijack any aspect of bitcoin because it is not under their control. They can only restrict users from their country not to use it by making out rules against it use but they has not even also stopped the use from the information on countries that have already restricted users. Those countries that have done that restrictions are still not able to control it. That means they can't hijack any aspect.

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[goldade]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

I think you ask this question because you don't really know what bitcoin is. When Satoshi created bitcoin, it was because he wanted to create a currency that cannot be controlled by the banks and the government. He wanted to create to a currency that'd make us the true owner of our money. That is exactly what bitcoin is and has given to us.
The government can't hijack bitcoin because it is decentralized. It would defeat the whole purpose of bitcoin if it becomes hijacked by the government.

[Argoo]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

Bitcoin is created and functions in a way that is almost impossible. States will not even be able to determine which of their citizens has bitcoins if they are simply stored in their wallets. Hacking the bitcoin blockchain is simply impossible.
In addition, states will not show much interest in bitcoins and will not use it en masse. They will create their own digitalized national central bank currencies, or regional stablecoins.

[ChiBitCTy]

The one great thing about bitcoin and other cryptocurrencies is that the government or governments can not control it.  This is the great part of the decentralized aspect. There will always be what's called OTC ( Over The Counter ) trades.  A simple example of this would be " you and a buddy meet up at a local gas station, they send you 1 bitcoin to your wallet and you send them 64k ( or whatever the price of bitcoin is at the time) via paypal or cashapp".  This is an OTC trade. 

Governments can make it more difficult to trade/buy/sell/transact but they can't stop it.

[Silberman]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

Your question is too general since you do not really tell us what you actually mean by hijacking however there is a possibility that this becomes true, I have always thought that governments are going to try a strategy very similar to what they did to gold, they have fiat currencies that they can print indefinitely which means that they can buy a lot of bitcoin for no cost to themselves, then they can use that bitcoin to begin backing their currencies and then eventually leave that system and go back to the fiat one while they now have most of the bitcoin of the world.

[geegaw]

No , to answer your question directly. The government can't hijack any aspect of bitcoin because it is not under their control. They can only restrict users from their country not to use it by making out rules against it use but they has not even also stopped the use from the information on countries that have already restricted users. Those countries that have done that restrictions are still not able to control it. That means they can't hijack any aspect.

Bitcoin's highly secure system works to prevent government control, so many years have passed, the level of government mining for bitcoin is still very vague, they have not realized the prerequisites for controlling this system yet but perhaps, there will be some breakthrough in the future if they provide economic resources to stimulate technology development. But for now, your answer is correct, regardless of the methods of blocking from the network to the management of identity, it is almost useless to the participant and bitcoin.

[GeorgeJohn]

You are not asking a specific question mate, hijack what aspect? How do you know government does not create it in the first place? You can find many scenarios from conspiracy theorist, but they cannot prove it.

Also, don't underestimate the power of a tyrannical government. Let's say Kim Jong-un banned Bitcoin, 99% of North Korean won't be dare to touch it. However, from the technological aspect, it depends on hash power.

Due to how influential bitcoin is currently government eyes is on bitcoin, even it's obvious that while some countries is restricting bitcoin is because they interested to take over crypto, hijacking bitcoin may be possible for them and also may not be possible, it's under probability if govenment will hijack it,  if they govenment happened to gain the ground or power by  restricting bitcoin across the world by implementing law that anyone using cryptocurrency without their concern will be penalize, it's obvious that people will slide by investing in bitcoin, and they will use such opportunity of putting fear to people to introduce their coin which will be centralize, do you think it can't work out?
Everybody know that Bitcoin is decentralized currency and it operates on it's own but if world raise against cryptocurrency I think they will succeed partially, let us be realistic.

[adzino]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

They can't do anything or modify or jeopardize  the bitcoin blockchain if that's what you mean by hijacking. Bitcoin is decentralized, hence the government can't bring full control over it directly. But, they can somewhat control/manage bitcoin by imposing strict policies and regulations. They are doing this as slowly as they can so people don't notice. Look at how candidly we could use bitcoin few years ago. Everything was straightforward with no complications. Now with government intervening, things are getting more complicated and we no longer can feel the same freedom that we had few years ago. But, whatever is happening, lets think its happening for the best.

[Alert31]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

If you mean "Hijacking" by fully control the bitcoin, then its impossible because bitcoin is decentralized digital currency don't forget that. Government has no single authority over bitcoin. If you mean "Hijacking" to ban bitcoin, then I think if government want to ban it, it should be done before where bitcoins value is very low and the demand for it is not too much. It's impossible now to happen because the demand for bitcoin keep on increasing and mass adoption also increasing. Also, bitcoin help a lot of people during this pandemic, how could government stop the way of people earning financially through bitcoin while they lost their job caused of this pandemic?

[skarais]

Government can't stop bitcoin which was already discussed million times in bitcointalk,

The government can stop bitcoin or ban it but they can't control it. The government of a country can complicate bitcoin adoption, suppress business development and other things by making strict regulation. Before the regulation was made, the government must have had strong reason why they banned it and maybe one of them was the massive fraud that was detrimental to bitcoin users on a national scale.

Because bitcoin is subject to the regulations of a country, it is still possible for the government to prohibit its citizens from using bitcoin, trading it and so on. But so far, in my opinion, not many countries have strict rule about bitcoin so that residents can't buy and sell bitcoin on exchange.

[The Cryptovator]

I am quite confused about what does means hijack for Bitcoin. Hijack or ban both is impossible. The government could just announce it is an illegal use. But they can't ban using it or can't hijack as well. It's impossible to hijack or ban a decentralized cryptocurrency backed by a huge community. For example, my government doesn't allow me to use Bitcoin, but it could prevent me to use it? I don't think so since many citizens of my country including me using Bitcoin and making transactions as well. So whatever you mean the answer will be no.

[Marvelman]

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

I don't know what exactly you mean by this.
If you mean if it can be confiscated by the law, then yes, Bitcoin can be seized as the proceeds of crime under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (CFTFA).
If you mean if Bitcoin can be shut down or switched off, then the answer is no. Bitcoin is a decentralised network. Many players, including government and banking representatives, have suggested shutting down the Bitcoin network in the past, but Bitcoin has been running with nearly 100% uptime for more than ten years.

[milewilda]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

Technically? Its would be a No in the answer of this question because if they do able to do so then they would be definitely had done it back in the past where bitcoin
is just starting to gain some attention or support because government do really mainly hated decentralized things or something that its out of their control.
Try to look on what are the things currently happening now? Bitcoin is unstoppable and been getting much of attention by the masses.
Somehow government could really give out some impact if things in related to crypto like platforms and services would be completely blocked.

[LUCKMCFLY]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

To hijack? I don't think something like this will happen, the most that a government can do is become a Bitcoin Strong Hands, and it cannot get all the bitcoin in the world, and what it can do if it buys a lot of bitcoin is that it can move the market in a sense, but still would not have control of Bitcoin, I think the OP is referring to "Total Control" of Bitcoin.

Even so, if you buy and buy Bitcoin there are many Hodlers who will never sell their bitcoin, they also have to compete with the greats like Elon Musk, Microestrategy, it is very difficult for a Nation to have the necessary money to enter the market in that way, in the Government policies are not trusting Bitcoin, in addition, most governments depend on a congress where they then have to render annual accounts, it is very unlikely that such a movement will occur, that is why governments tend to establish their own Stablecoin.

[beerlover]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

Theoretically speaking? They sort of can. How? They would have to own nearly 85%+ of all the coins, and decide to pick a blockchain they created, and move all the bitcoins there and they would have the control. This would allow them to basically destroy bitcoin, or change it however they want. But can you imagine how hard it would be to own 85%+ of all bitcoins?

 mean sure it us technically speaking possible, USA is a nation that spends 750 billion dollars on military only, and there are other nations that make a lot of money from taxes as well. So maybe all nations get together and build an anti-crypto branch and spend a trillion dollars a year buying bitcoin, eventually they may get there. But do you really think that governments will spend trillions of dollars to just destroy bitcoin? Simpler solution would be to just get into bitcoin and tax it so governments would earn from that.

[Imran232]

Well you want to say that if bitcoin becomes the world no 1 crypto currency then government should take it in their control. Well let me inform you bitcoin already a world number 1 crypto currency but the thing is bitcoin is a blockchain technology which is untraceable then how they can hijack. There has 2 possibilities like if government wants then they can buy the all bitcoin which is i think impossible. And 2nd is if they find all the bitcoin holder who hold atleast 1 bitcoin and take from him then it might be possible that they can do it what you thought. Its my opinion others could be different.

[verita1]

The government cannot, as you say, "hijack bitcoin". Because it belongs to the community, it is decentralized and sooner or later it will have to adhere to it. The conditions are being given Paypal, Visa and Master Card the main technologies as means of payment have added bitcoin among their services. Morgan Stanley the first big U.S. bank to offer its wealth management clients access to bitcoin funds.

Every day there are more important institutions that are including bitcoin among their services because not doing so is losing and staying without evolving to the new technologies that bitcoin is promoting.

[Kittygalore]

If hijacking the prices is what you mean, I think that they can do it, but they are going to need a lot of money to do so because the only way that I can think is by manipulating the market, I think that us the only way to hijack bitcoin in terms of prices.

[mezzaluna]

Bitcoin is known as to be the biggest cryptocurrency. in some countries it can be used to purchase goods and services and some see cryptocurrency as a threat.

if Bitcoin comes to be number one currency in the world today, can it  be hijack by the government?

I believe that any government planning to Hijack Bitcoin or any other Cryptocurrencies would be impossible. Bitcoin belongs to the digital world and the owner or creator of Bitcoin is not even known to people. Its ownership is kinda blurry and its now owned by a lot of people. The Chinese government already sees it as a threat and is now creating actions that would hinder users within that country from interacting with Cryptocurrencies.

[nak02]

Bitcoins is all over the world and some countries try to shut it but the others not, so there will be wars in every countries if they going to hijack or shut it, because bitcoin is living in our world already and many people and countries adopting in to our economy and make us rich also not even you but also the countries.