Post
Topic
Board Bitcoin Discussion
Re: Why did the government want to kill Bitcoin?
by
Impulseboy
on 31/07/2018, 01:31:58 UTC
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.

I dont know if I agree with you on this. Long before cryptocurrency exist, each of those who wanted to commit a crime have been trying to find a way to fund their plan without the government or the police force knowing. Although it is true that bitcoin could easily be used in everything that you have mentioned, I think a bigger reason why the government want to kill bitcoin is because they do not have control over cryptocurrency. They are threatened by it because it is running on blockchain technology and no one has control over it.