Post
Topic
Board Economics
Re: If the powerful governments wanted to, do you think they could stop Bitcoin?
by
tee-rex
on 21/12/2017, 14:24:24 UTC
This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.

Do you think Governments could kill Bitcoin?

are you kidding? the government will not be able and will not be able to stop bitcoin transactions, it is time to develop into a more efficient digital money than using paper not too efficient.

The government is so powerful that they can able to control or cease everything within their grasp. They could declare martial law against bitcoin and other digital currencies in which if people will use bitcoin they will face consequences of not following the law like life imprisonment or most worst is punishable by death. With these scenario, will you still use bitcoin and be against the government?

Governments are certainly not as powerful as they want to be or want us to believe they are. We hear it now and then that some especially rogue government has been overthrown by people, so it is not like they are almighty and all that. Too strict laws against bitcoin like severe criminal prosecution or even death penalty would definitely cause the upsurge of public indignation, revolt and disconsent. This is not what most governments would ever want.