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Author Topic: Can government destroy Bitcoin?  (Read 2322 times)

Heleon

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Re: Can government destroy Bitcoin?
« Reply #45 on: May 14, 2019, 02:52:00 PM »
It is impossible at this point for the government to destroy bitcoin because it is a global tech, the worst that can happen is to see some country going against it but others will embrace it.
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vanjava

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Re: Can government destroy Bitcoin?
« Reply #46 on: May 30, 2019, 02:21:33 PM »
Policies and regulations for bitcoin have a major detrimental effect on the growth and acceptance of bitcoin. The advantage of bitcoin is a decentralized platform. so, the government will find it difficult to destroy bitcoin.
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Paul76

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Re: Can government destroy Bitcoin?
« Reply #47 on: June 11, 2019, 04:39:30 PM »
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
A Government cannot destroy bitcoin, but it can declare its trading illegal, so that bitcoins become useless.
Buyers are prohibited to deploy bitcoins, sellers are prohibited to accept bitcoins as a means of payment.
If you can't buy anything with a currency, that currency becomes pointless

« Last Edit: June 11, 2019, 04:42:10 PM by Paul76 »

Mpxs

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Re: Can government destroy Bitcoin?
« Reply #48 on: June 12, 2019, 09:15:32 AM »
Policies and regulations for bitcoin have a major detrimental effect on the growth and acceptance of bitcoin. The advantage of bitcoin is a decentralized platform. so, the government will find it difficult to destroy bitcoin.


I myself also believe in you, that the government will also be difficult to destroy bitcoin, because bitcoin is also the most famous coin and also many who use it as storage of their assets.

serggg

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Re: Can government destroy Bitcoin?
« Reply #49 on: June 12, 2019, 05:45:57 PM »
For the existence of a Bitcoin network, only one computer on the network is sufficient. How can the government track this?

jenica

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Re: Can government destroy Bitcoin?
« Reply #50 on: June 14, 2019, 12:00:50 PM »
Policies and regulations for bitcoin have a major detrimental effect on the growth and acceptance of bitcoin. The advantage of bitcoin is a decentralized platform. so, the government will find it difficult to destroy bitcoin.
I think the disadvantages and advantages are the benefits of using bitcoin, which is now the digital age, so it is appropriate for bitcoin to be accepted by all countries

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Pelanavreo

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Re: Can government destroy Bitcoin?
« Reply #51 on: June 14, 2019, 08:27:18 PM »
As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?

Bitcoin cannot be destroyed by the government, if they force it the government does not need to use and develop blockchain technology. this is very easy because Bitcoin is part of blockchain technology

Delgboke

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Re: Can government destroy Bitcoin?
« Reply #52 on: June 14, 2019, 11:51:29 PM »
For now I don't think Governor will destroy bitcoin because even the government itself have invested into Bitcoin one way or the other secretly despite the rumors that government want to banned cryptocurrency although nobody can really predict that for now.
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bronxgg

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Re: Can government destroy Bitcoin?
« Reply #53 on: June 15, 2019, 02:01:00 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. However, we should also support sensible regulation that would preserve most of the benefits from cryptocurrencies while eliminating the major justifications for outright bans. It is a second-best solution. In a world with powerful governments, it might be the best one can hope for.

source: https://www.alt-m.org/2017/10/05/can-the-government-destroy-bitcoin/
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Bamzmeca

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Re: Can government destroy Bitcoin?
« Reply #54 on: June 15, 2019, 03:42:04 AM »
~snip~

Bitcoin cannot be destroyed by the government, if they force it the government does not need to use and develop blockchain technology. this is very easy because Bitcoin is part of blockchain technology

I think bitcoin is very necessary to develop, because the bookkeeping is very detailed and cannot be manipulated, so it is very transparent
« Last Edit: June 15, 2019, 03:44:44 AM by Bamzmeca »

jenica

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Re: Can government destroy Bitcoin?
« Reply #55 on: June 16, 2019, 08:40:57 AM »
For now I don't think Governor will destroy bitcoin because even the government itself have invested into Bitcoin one way or the other secretly despite the rumors that government want to banned cryptocurrency although nobody can really predict that for now.
The government will support bitcoin in the future, because government seat holders also invest, but they don't show themselves as users of bitcoin

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Ghanda

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Re: Can government destroy Bitcoin?
« Reply #56 on: June 16, 2019, 11:12:08 PM »
I think it is very difficult for goverment to destroy it, they can do it but this will require time, effort and a hard struggle because crypto is already global, so I don't think the government will do that

717

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Re: Can government destroy Bitcoin?
« Reply #57 on: June 17, 2019, 01:28:14 PM »
I think it is very difficult for goverment to destroy it, they can do it but this will require time, effort and a hard struggle because crypto is already global, so I don't think the government will do that
It seems like that won't happen, because bitcoin will always live because of everyone's support, not because of the government

GardenBee

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Re: Can government destroy Bitcoin?
« Reply #58 on: June 17, 2019, 11:57:52 PM »
I think it is very difficult for goverment to destroy it, they can do it but this will require time, effort and a hard struggle because crypto is already global, so I don't think the government will do that
How are they going to do that? Switching the Internet off?

agustd0309

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Re: Can government destroy Bitcoin?
« Reply #59 on: June 18, 2019, 09:53:29 AM »
Even if they tried, they won't be able to. Yes, some governments are banning cryptocurrency, to hodl, trade, use it in any way is prohibited in some parts of the world. But, as much as they'd like to, they just can't.
Cryptocurrency can't just be destroyed so easily. And from the last ten years, its hold on the world has grown stronger and stronger.

 

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