Bitcoin is a famously dececentralized cryptocurrency, a system of storing value, and a somewhat less-effective transaction medium. It allows near-instantaneous transfers all over the world without a middle man or regulatory body giving it the go-ahead. Fans of cryptocurrency fear government regulation could ruin it, but they shouldnt be concerned. Any attempt control bitcoin simply wont work.
Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin and its alt-coin contemporaries in a way that could impede its progress.
Government can kill Bitcoin as a moderately popular subject. In terms of currency or means of payment, most countries do not accept virtual currency as the currency or means of payment, for two main reasons.
First, if it is accepted as currency, as a legal means of payment, the national sovereignty over the currency issue is infringed.
Second, virtual currency is accepted will facilitate tax evasion, illegal remittance, payment
Similarly some cases are no exception, have counted on the use of digital money to trade illegal transactions, if the state prosecuted by the state, then I take a bitcoin is likely to be destroyed by the government and not for use nationwide,
