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Author Topic: Can government destroy Bitcoin?  (Read 2353 times)

rituvohra01

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Re: Can government destroy Bitcoin?
« Reply #15 on: March 21, 2019, 08:28:08 AM »
I think the government have not enough sources to destroy Bitcoin. Because it has decentralised platform as well as strong Blockchain technology.

Redix

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Re: Can government destroy Bitcoin?
« Reply #16 on: March 21, 2019, 11:17:47 AM »
As recently government are banning bitcoin in some countries. ~snip~

What governments that ban Bitcoin currently? I don't hear the news that any governments ban it in recent months. Anyway, I think it will be difficult for governments to destroy Bitcoin as long as it is supported by the community. I see there are more people who love Bitcoin day by day.

GardenBee

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Re: Can government destroy Bitcoin?
« Reply #17 on: March 21, 2019, 08:32:31 PM »
How can they? If they could, they would have done it already. They can only regulate it on a juridical level.

termion

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Re: Can government destroy Bitcoin?
« Reply #18 on: March 21, 2019, 11:32:56 PM »
The problem with bitcoin is that it is too transparent.  Any government structure can track transactions.  Therefore, private coins will be more popular now.

717

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Re: Can government destroy Bitcoin?
« Reply #19 on: March 22, 2019, 12:14:38 AM »
I think it won't work, because once blockchain is created and running, then there is no one who can manage it or delete it

Loka777

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Re: Can government destroy Bitcoin?
« Reply #20 on: March 22, 2019, 09:32:18 AM »
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
You do not think this is anything. It is not in the interest of any country.

BitSeven_Kyouka

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Re: Can government destroy Bitcoin?
« Reply #21 on: March 22, 2019, 11:55:08 AM »
Fortunately, very few countries have taken steps to ban cryptocurrencies to date. But the threat is legitimate. Governments might not be able to prevent all cryptocurrency transactions, but they can significantly discourage their use. With this in mind, we should continue to push for choice in currency. We should continue to explain the benefits of financial privacy and stateless monies.

717

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Re: Can government destroy Bitcoin?
« Reply #22 on: March 22, 2019, 01:17:47 PM »
~snip~
It is true, there is no benefit for the country destroying bitcoin, I think many countries will legalize bitcoin, because bitcoin cannot be avoided

khufuking

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Re: Can government destroy Bitcoin?
« Reply #23 on: March 22, 2019, 05:55:28 PM »
They can play a role in this but they can never directly effect Bitcoin or destroy it because they have no control over it Bitcoin is 100% decentralized so controlling or destroying it is almost impossible but on the other hand they can keep spread negativity about it until people lose faith in it.

Ahan

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Re: Can government destroy Bitcoin?
« Reply #24 on: March 22, 2019, 10:53:44 PM »
I assume the government will be difficult to destroy Bitcoin. It is kept by many people around the world. The bitcoin holders are hard to control, and Bitcoin also can be traded without the government's agreement. It is decentralized, so the government cannot be easy to destroy it. 
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Obiwankenodium

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Re: Can government destroy Bitcoin?
« Reply #25 on: March 23, 2019, 08:50:37 AM »
Govenments can try and regulate or even ban crypto, but like with black money it will not mean it will totally disapear.
         
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Ekobejo

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Re: Can government destroy Bitcoin?
« Reply #26 on: March 23, 2019, 11:15:09 AM »
In my opinion,
The government cannot intervene, the government will not be able to destroy bitcoin, because this is a welcome development. All will definitely work because many citizens who need bitcoin will certainly support the government.

termion

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Re: Can government destroy Bitcoin?
« Reply #27 on: March 23, 2019, 10:22:39 PM »
Governments may make Bitcoin unattractive due to the fact that they will monitor all transactions.  Then private coins will come in the first place. Soon will be time for privacy coins...

stayingalive

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Re: Can government destroy Bitcoin?
« Reply #28 on: March 24, 2019, 01:25:06 PM »
I believe that the government can only find ways to centralize Bitcoin, it cannot destroy. And there is no point in this. blockchain technology will live forever.

Rabsul

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Re: Can government destroy Bitcoin?
« Reply #29 on: March 25, 2019, 10:07:46 AM »
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

No government can destroy Bitcoin although maximum government will ban crypto because the government has no control over Bitcoin and its transactions in a decentralized blockchain technology.

 

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