government can’t destroy bitcoin....it’s a computer program “stored” on computers around the world
so long as one full copy of the blockchain exists anywhere....bitcoin can’t be destroyed
now...what government CAN do is harm its citizens who try to access their bitcoin. it can cut off electric power (like in Venezueala), it can resort to internet censorship (like in China...but there are ways around that), and it can get very clunky and “outlaw all cryptocurrency” like India did. But all India is doing is attempting to cut off its citizens access to something that is, well, indestructable.
And, the more built out the ethereum applications get....the less ability governments will have to even do that, thankfully. you can now text people money using crypto. it’s not easy to get set up, but once you are set up, it’s pretty easy.
eventually government is going to have to resort of shutting down the internet....but I suspect the days are coming soon enough when government won’t be able to do that, either.
hopefully anyways.
but other than that, no one can stop bitcoin. it’s physically impossible.
Depends what the meaning of "destroy" means. They can "destroy" the value in a flash. They come out with FEDCoin that can be used everywhere, can accommodate the massive real world liquidity and transaction rates needed. Bye, bye Bitcoin value.
I think if the western governments want Bitcoin gone they will be able to do so. When they want to stop it is a matter of great debate but my guess is when faith in the current system starts to crater