Topic: [2014-10-29] ‘It is Impossible to Technically Ban Decentralized Cryptocurrencies (Read 1822 times)
November 05, 2014, 01:29:23 PM
"You can't stop the signal."
November 05, 2014, 05:14:07 AM
They probably can find ways to block connections to the networks. If a country wants to ban it, it will go underground.
November 05, 2014, 03:56:18 AM
They can 'ban' it's use, but obviously people can and will still use it, but what they'll do is throttle it and make it against the law to use, which is not what we want. We want to be able to spend it freely on things we wish to purchase and governments banning it would be a big blow to adoption.
They don't seem too bothered about taxing other illegal things that they could easily legalize.
Governments will never learn. When you try ban something that people obviously want it only pushes the activity underground and creates a lucrative market for 'criminals' to make a lot of money from it.
And they can't tax illegal things. They don't seem too bothered about taxing other illegal things that they could easily legalize.
November 04, 2014, 08:23:12 PM
Governments will never learn. When you try ban something that people obviously want it only pushes the activity underground and creates a lucrative market for 'criminals' to make a lot of money from it.
And they can't tax illegal things. October 30, 2014, 08:24:57 AM
Governments will never learn. When you try ban something that people obviously want it only pushes the activity underground and creates a lucrative market for 'criminals' to make a lot of money from it.
October 30, 2014, 07:30:06 AM
Its impossibleto to ENFORCE a ban.
Because al bans a based on lose of live basicly , but if the systemis set upin a way killing the user doesnot matter , the system can not be stoped,
bacause all state power is based on SINGLE point of failure ....
Nice examplesof fialing of enforcement are http://www.thepiratebay.se or one of its proxyes ...
and silkroad 2.0 http://www.youtube.com/watch?v=4VDbNn84zBs wich uses TOR , witch even is availeble from china and Iran.
you simply can not kill a hydra with multiple heads its that simple.
btw the guy is smart, by saying bitcoin does not have a future..
he gave putin valid reasons not want to try ban it.
and if it grows russia will use it to bypass any sanctions.
like Iran does.
Because al bans a based on lose of live basicly , but if the systemis set upin a way killing the user doesnot matter , the system can not be stoped,
bacause all state power is based on SINGLE point of failure ....
Nice examplesof fialing of enforcement are http://www.thepiratebay.se or one of its proxyes ...
and silkroad 2.0 http://www.youtube.com/watch?v=4VDbNn84zBs wich uses TOR , witch even is availeble from china and Iran.
you simply can not kill a hydra with multiple heads its that simple.
btw the guy is smart, by saying bitcoin does not have a future..
he gave putin valid reasons not want to try ban it.
and if it grows russia will use it to bypass any sanctions.
like Iran does.
October 30, 2014, 03:18:06 AM
Quote
I think that Bitcoin specifically does not have a future not only in Russia but in the entire world. I believe it will become an amusement of sorts, a “side-hobby,” though very beneficial for developing new concepts, creating new algorithms, software, improving information security, etc.
I consider the Bitcoin ecosystem as a prototype of a system that is undergoing rigorous testing from all sides. With experience and further innovation, I think it is very possible that the blockchain will have a very bright and promising future.
It is what he views about bitcoin. He is one of the older generations who is reluctant to learn and adopt new technology. I consider the Bitcoin ecosystem as a prototype of a system that is undergoing rigorous testing from all sides. With experience and further innovation, I think it is very possible that the blockchain will have a very bright and promising future.
October 30, 2014, 12:00:25 AM
Technically possible, but the price will be too high.
October 29, 2014, 08:37:39 PM
Technically impossible, no. Physically possible, yes, by digging mass graves for all non-government & cronies thereof.
October 29, 2014, 08:24:57 PM
I hope the President is listening to Evgeny Volovik
October 29, 2014, 12:09:15 PM
It's certainly futile for to do, but it wont stop them from trying. Just look at how many piracy sites get blocked but they are easily accessible just by quickly googling a proxy. Of course there's always tor as well. It certainly will be interesting to see in the near future which governments try to ban it and how. Hopefully non will be as stupid, but I'm sure there will be at least one.
October 29, 2014, 11:44:36 AM
‘It is Impossible to Technically Ban Decentralized Cryptocurrencies
Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center.
http://cointelegraph.com/news/112815/it-is-impossible-to-technically-ban-decentralized-cryptocurrencies-due-to-the-nature-of-the-internet-evgeny-volovik
Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center.
http://cointelegraph.com/news/112815/it-is-impossible-to-technically-ban-decentralized-cryptocurrencies-due-to-the-nature-of-the-internet-evgeny-volovik
Jump to: