Can the government hijack Bitcoin?

[Ebede]

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?

Very clear that Bitcoin is not easy for government to be hijacked, the necessary documents that guilds cryptocurrency is in the hand of Bitcoin founder which is satoshi Nakamoto, and I believe that such documents has not be submitted to anybody, which from such point the secret of Bitcoin is still secured, government can't hijacked cryptocurrency more especially Bitcoin because no evidence that shows that have capability, the authority to take over Bitcoin, we all know that government never in support of cryptocurrency, they hate Bitcoin that's why they attacking Bitcoin from different countries, but their plans can't workouts.

[Shasha80]

In my opinion, it is impossible for the government to hijack Bitcoin, because to control Bitcoin, no country is able to do it. If the government
can hijack Bitcoin, it has been done for a long time, but until now Bitcoin can be used by anyone who has internet access. Maybe the government
can only prohibit its citizens from using Bitcoin, even though in the end the country had banned Bitcoin also failed. Because it is proven that there
are still many people who live in countries that have banned Bitcoin, they can still use Bitcoin.

[pinggoki]

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?

The cryptocurrency as well as the bitcoin is decentralized in which no one is controlling it so it is impossible for the government to hijacked bitcoin and even having an access through it will be so hard. In the first place , the government hate and doesn't want bitcoin but there's way on it to hijacked nor control the bitcoin. If it is impossible then probably they've done it already before because we all know how the government hate bitcoin isn't it?

[Ridwan Fauzi]

I heard many time about news that stated a country just ban the utilization of bitcoin in the country but it is just run for a while after the government realized that they can't do that. Bitcoin is using internet network, the government just have one way to ban bitcoin and can't be used by the citizen and they should shout down the internet network in the country that most likely can't.

Unless your government is like north korea where the citizen can't use internet access. But, in the other country beside that I doubt with 100% they can shout down the internet network. As for your concern, there are so many cases about bitcoin hack, and yeah there is a chance for bitcoin can be controlled by one party.

[el kaka22]

Governments sort of do hijack bitcoin. How do they do it? They can ban it, they can ban ownership, they can ban use of it, they can ban trading of it, they can ban many things, and even if they do not ban it, they could simply just make it very hard to use and have very bad regulations as well, plus governments are just people, they are usually just politicians, they are human like us, and they are usually greedy people.

Remember New York rule? New York decided to have a horribly difficult regulation, and then the politician who put that rule became a consultant for crypto companies to overcome those regulations, dude literally put something in place to make himself more money. So long story short, even if they can't take the control and ownership of all bitcoin, they could just make the world a very difficult place for anyone in the crypto world.

[Kong Hey Pakboy]

Governments sort of do hijack bitcoin. How do they do it? They can ban it, they can ban ownership, they can ban use of it, they can ban trading of it, they can ban many things, and even if they do not ban it, they could simply just make it very hard to use and have very bad regulations as well, plus governments are just people, they are usually just politicians, they are human like us, and they are usually greedy people.

Banning isn't enough because there are people that are going to use it even if it is illegal and they will always find a way to work things out. Besides banning, I think that bitcoin can only be hijacked if the government is a totalitarian and a surveillance state.

[AicecreaME]

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.

I agree, this is all what they can do about it but not like totally hijack bitcoin internally, I meant, to hijack and make it stop working and devalue it, they can not do that because they don't have the power to do so. Even hackers can just steal Bitcoin in an exchange, but they can never play the codes inside Bitcoin to alter it's purpose etc. The Government could do is to only watch it grow and grow until they wanted to invest on it as well like what other countries already did.

[Luqman]

can it  be hijack by the government?

Which Bitcoin to be hijacked by the government? All Bitcoin? Or all Bitcoin in a country?
If you mean all the Bitcoin in the world, it should be impossible. How can they do it? 
Anyway, remember that not all governments hate Bitcoin. Some countries even are friendly with Bitcoin as it has a contribution to improve the economic sector. They mustn't try to hijack Bitcoin because they know it will give a bad impact on Bitcoin.
Also, Bitcoin is a digital asset and decentralized, it will be rather difficult to be hijacked by the government.

[blckhawk]

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

I think is number one already, anyway if the government can hijack Bitcoin then they've already done it because they won't let any currency runs without them holding it or any control over it.
Government can ban or take charges on some exchanges but it would not enough to manipulate Bitcoin because there are many ways to transact with everyone like peer-to-peer. They can interfere with transactions though but it would take a lot of effort to do so like terminating internet access which is impossible to pull off. Besides, there's been a lot of institutions and countries who already accept it so it would be a huge consequences if they try to hijack it.

[zeuner]

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?

Hijack in other words steal? I don't think so. Unless government could access your hard earned private keys then nobody can ever access your cold wallets besides it is a crime. Furthermore, governments would probably be implementing regulations to cryptocurrencies and that would probably be worth something to them.

As of today, there are goverments that strive for access to terminal equipment connected to the internet because they want law enforcement to be able to eavesdrop end-to-end encrypted communication. If society permits this kind of access, then there wouldn't be much to keep them from also using other cryptographic keys stored on the devices, including cryptocurrency private keys.

[iamsheikhadil]

We never know and we can never predict, ngl. From a simple case scenario, the governments can actually declare dictatorship and we the common people can practically do nothing "physically' but only whine on online platforms. And then they might siege computers, hardwares which are used to mine these currencies and can take as much miner rewards as possible? Who can stop them? World is very dangerous place and scary since it's very unpredictable.

[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?

Hijack in other words steal? I don't think so. Unless government could access your hard earned private keys then nobody can ever access your cold wallets besides it is a crime. Furthermore, governments would probably be implementing regulations to cryptocurrencies and that would probably be worth something to them.

I really think that what the person that began this thread means is if governments can take control of bitcoin and even if it is unlikely the possibility of that happening is not zero, this is especially true because this market is based on freedom so governments are free to participate in it and try to perform all kind of strategies to take control of the network, they can make thousands of attempts but they have only to succeed once in order to get their goal.

[jaysabi]

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?

No, that's kind of the point.  It's decentralized, there's no one point where you can control it.  The only way to control it is to have a significant majority of the hashpower which at this point would be nearly impossible, or to break the encryption that secures the blockchain, which with the present level of technology is also nearly impossible.

[Princejebs]

It is impossible to hijack bitcoin for government but why government will hijack it? Bitcoin isn't centralized coin that government will handle it with sweet well. It is a decentralized crypto currency and not possible to hijack without private information/wallet seed.

There are several reasons why government of her country hijack or seized bitcoin especially from hacks and theft attempt from another persons. These bitcoins are not theirs anyway, so they auction th out to the public and in return, gave it back to economy as tax since the real ownership cannot be trace though, its bad in my opinion.
There are were also some news how government close trading accounts of some users when they find out some illicit transactions. FBI is one of the government agent that loves this kind of jobs.

[blue_nexus15]

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

Governments cannot "hijack" bitcoins based on authority and regulation. They have standards to regulate people who don't use bitcoins, but "expropriation, confiscation" would never have been if they didn't want a worldwide riot to take place. Bitcoin is not a crime, people have their own freedom. I am sure they understand and seriously think about this aspect.

[dezoel]

I think is number one already, anyway if the government can hijack Bitcoin then they've already done it because they won't let any currency runs without them holding it or any control over it.
Government can ban or take charges on some exchanges but it would not enough to manipulate Bitcoin because there are many ways to transact with everyone like peer-to-peer. They can interfere with transactions though but it would take a lot of effort to do so like terminating internet access which is impossible to pull off. Besides, there's been a lot of institutions and countries who already accept it so it would be a huge consequences if they try to hijack it.

That's the key there, "if government could have, they would have already" and people do not realize that unfortunately. Bitcoin could be regulated, there are nations that ban bitcoin all together, but it can't be controlled, it can't be changed, if any nation could have done that, they would have already. You know what is the funny part about it?

If you could technically find a way to take control of all bitcoins, literally every single one, one government having 21 million bitcoins (even though it is impossible) you would still have people dumping bitcoin to government, not caring about it, and start making ethereum the first one, if government gets their hand on ethereum, they would move to bnb, and then to ada, to dot, to xrp, to anything really, the more governments try, the more we will move, there are thousands of crypto, it will never be fully hijacked, no way.

[wxxyrqa]

I believe that only hackers can steal your Bitcoin, and this is only if there is a leak of secret data. The government cannot act illegally. If Bitcoin is banned in the state or is the subject of legal proceedings or Bitcoin is involved in some kind of legal proceedings, the government can seize or confiscate Bitcoin from the user. But the government will be able to receive this Bitcoin only when the user himself voluntarily provides all the secret keys to these assets.

[Distinctin]

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?

No, government cannot hijack bitcoin, but they can feel the positive impact of bitcoin. Since the government has no access to control bitcoin in any way, show that the government can only enjoy the benefits attached to bitcoin.

Why not hijack anyway if they can benefit from bitcoin? Government cannot destroy what had bitcoin has reached today even if they are capable of banning or even impose restrictions but users of bitcoin will still find ways to make transactions. The government has got all the chances to benefit from bitcoin like in form of tax which can contribute to more successful government projects but still they see bitcoin in a more negative way.

[2double0]

Yes they can do it. In fact, there are several countries where the governments have asked their citizens not to mine bitcoins and not even trade in cryptocurrencies, but the governments are plotting solar plants to mine btc because they think that btc can be good for their country's economy. Isn't that a clear hijack?

[bosede1]

It is not possible that the government will be in total control of bitcoin if that is what you meant by hijacking and which government are we talking about, of which country, continent, or place or is it that we are going to have a centralized government in the whole world before this could even come close to happening.