Can Government Kill Bitcoin

Can Government Kill Bitcoin. Then the government can use the law to compel companies like robinhood, coinbase etc to transfer bitcoin to the government in return for us. This puts it on dangerous ground.

Killing Bitcoin 3 Ways Government Can Help or Hinder FullyCrypto from fullycrypto.com

From the movie “v for vendetta”. Small businesses and ethical actors suffer greatly under common false presumptions — especially the misguided belief that without centralized government regulation, crime cannot be stopped. So to kill bitcoin, a government would have to shut down every single one.

Source: fullycrypto.com

While tech specialists might invest a ton of cash to control 51% of the network, mr. Livera spoke to the fact that a full government ban on bitcoin would make people aware of the fact that they.

Source: www.youtube.com

According to ammous, the most efficient way for governments to kill bitcoin would be to compete with it. Remember, these computers are in scores of countries.

Somehow I Suspect That Bitcoin Can Not Kill Governments Either, And If It Tried, It Would Only Make Bitcoin Weaker.

That’s what governments do—at least, that’s what the legislative arm of a government does. This puts it on dangerous ground. Based on the legal precedence surrounding cryptographic communication, it is highly unlikely that the u.s.

Such Edicts Distinguish Activities That Are Legal From.

Kruger is right on the money. From the movie “v for vendetta”. If a government can suppress the price of the dominant cryptocurrency.

This Puts It On Dangerous Ground.

Governments can enact legislation that applies or relates to any behavior or activity. In the end, the only way to kill bitcoin may be to make it so that people don’t need it anymore. And if even a single computer survives, it can restart the whole shebang.

It Can Be Argued That The Us Government Can Pass Regulation Outlawing People From Owning Bitcoin In The Same Way They Made It Illegal For People To Own Gold.

Kruger says that one does not need to go through that process. The only saving grace is that most government bureaucrats are idiots, and they are completely and totally incapable of launching any type of successful online venture. Governments can come after crypto, and some already have.

You Can’t Kill An Idea.

However, he does think that the government will kill bitcoin through horrendous taxation and regulation, and that will totally disincentive ownership. 6 hours agowhat it means for the average american: Governments can come after crypto, and some already have —.