A government or corporate entity can destroy the Bitcoin network | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Destroying the Bitcoin network, which is a decentralized and distributed system, would be an arduous task. One day, however, state actors might set their targets on Bitcoin (BTC) in an effort to destroy the best money in the history of the world. Here’s how they might go about eliminating Satoshi Nakamoto’s invention. You might also like: Cryptocurrency awareness vs knowledge: To educate to empower | Opinion Regulatory restrictions One way that governments could limit the growth of the Bitcoin network is through regulatory restrictions. Governments have the power to regulate financial institutions and transactions, and they could use this power to restrict or even ban the use of Bitcoin. For example, a government could require all Bitcoin transactions to be reported and taxed or prohibit banks from processing them altog...