A Bill to Ban Buying All Cryptocurrencies

Mike Mayor

hero member

Activity: 966

Merit: 535

This is like banning electricity. HA! I want to see someone arrest me for using crypto. If you want to take my freedom I will take more. Simple as that. We no longer need government issued filth fiat.
All forms of censorship is wrong and against free will. You born into a world and you should be able to interact with it as you wish without fear of some "law" man arresting you because his opinion is different and throwing you into a cage somehow solves this issue?

Quote from: pushups44 on May 10, 2019, 11:30:35 PM

Quote from: Yakamoto on May 10, 2019, 07:51:55 PM

Quote from: SaShiRaJaVu on May 10, 2019, 06:25:48 PM

Quote from: mayax on May 10, 2019, 11:10:28 AM

If USA will ban BTC, there will be no BTC. USA is the biggest market.

I am not sure in what world you are living, let us assume that the US government will come up with a regulation that trading bitcoin and conducting bitcoin is illegal, businesses will shift to other countries where it is legal to conduct business and people will still keep on trading, you cannot shut anything down completely, that was a hypothetical situation, US is just one country and the entire world does not revolve along one country.

While businesses can move their operations out of the United States and opt to set up in more "Bitcoin-friendly" countries, such a ban on the purchasing of Bitcoin would be a ridiculous blow to the American Bitcoin community and definitely be a serious detractor for overall Bitcoin adoption. The US Bitcoin market is probably within the top three in the world if not the top two, and having it suddenly get removed due to a move from the US government will nuke the interest the average person has in Bitcoin. That, and it makes it significantly harder to earn/exchange Bitcoin in the US because there would be no legal way to sell it, at least within the country. Maybe there could be loopholes which allow people to sell it to foreign nationals. Even if it just bans the purchase of Bitcoin domestically, that's still a massive blow to the American community.

Such a law would be passed off as an anti-terrorism measure because that's what's used to kill freedoms and systems outside the conventional institutions. Everyone laps it up too, that's the worst part.

Fortunately, enough billionaires are involved in cryptocurrencies to fight fiercely over any attempts to ban it. Also, the American government itself has an incentive to keep bitcoin alive - for clandestine operations requiring funding from outside of Congress. Also, any politicians who attempt to stifle blockchain innovation could be accused of attacking the economy itself. It is highly doubtful such a bill would gain traction.

The day the first person is arrested for bitcoin is the day the people will take up arms. The moment the government starts just arresting people that's when people start getting pissed off. Here Cannabis was banned and is now legal. The law was only there to give the law and excuse to harrass people. It causes more damage then it solves.

Cryptiko

newbie

Activity: 37

Merit: 0

No threat that will pass. Very bullish to see the fear motivating it though!

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: mayax on May 10, 2019, 05:36:17 AM

first step :

https://www.youtube.com/watch?v=v2XqcWWnGqU

Brad Sherman has been pushing anti-Bitcoin legislation for several years now. He may have finally drafted a bill, but that's a far cry from anyone in Congress taking it seriously.

Judging by the way that other legislators, regulators and industry are moving forward, I doubt Sherman's bill will go anywhere.

The genie is out of the bottle. It's not going back in...

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: MakeMoneyBtc on May 12, 2019, 07:46:04 PM

We should expect that to happen sooner or later but regardless of their laws and regulations nothing is going to stop people from buying and selling cryptocurrencies. They know that and that's probably why they are not going to try and stop people from doing it but one thing I know for sure they will do. And I'm talking about them trying to somehow take advantage of bitcoin users, either by applying big taxes for using it or limiting it's use only in certain areas.

they can ban the exchangers and that's it

also, it's VERY hard to find a bank if you are an exchanger...that is like a ban,

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

We should expect that to happen sooner or later but regardless of their laws and regulations nothing is going to stop people from buying and selling cryptocurrencies. They know that and that's probably why they are not going to try and stop people from doing it but one thing I know for sure they will do. And I'm talking about them trying to somehow take advantage of bitcoin users, either by applying big taxes for using it or limiting it's use only in certain areas.

exchangestolemycoins

jr. member

Activity: 56

Merit: 1

Lol, his mouth was so full of horseshit he could hardly formulate a sentence.

jak3

legendary

Activity: 1274

Merit: 1004

Lol, these guys are seriously trying their best to knock out cryptocurrencies. well, they surely do not think what they are doing all they care about is their money and their dollars and all. but what about the public which is being affected by these faint money. there are a million cases of suicide, depression, begging and a lot more. cryptocurrency has potential to fulfill all these needs.

Adriano2010

hero member

Activity: 1414

Merit: 516

I hope that countries will not start ban crypto, but if even happen people will find some ways to trade and use, but i think governments preffer to tax crypto than to ban it, because why not come more money to budget.

Padawan007

newbie

Activity: 14

Merit: 0

Worst case scenario it will drive the price up and using peer to peer method to trade

thirdlight

sr. member

Activity: 445

Merit: 250

Quote from: leps on May 11, 2019, 02:20:44 PM

I know some people that will be moving out the USA if that bill should pass. That sherman guy is the face of the fear that Bitcoin represents to the bankers and to the corrupted machine that runs this world.

People in the USA should be thinking on voting for a presidential candidate that supports cryptocurrency if they don't want shmucks like that brad sherman congressman to start making these pressures to the US goverment.

It seems to me that it is not yet time for direct applications to support Bitcoin by such high officials as the candidate for the President of the United States.

leps

hero member

Activity: 918

Merit: 1001

I know some people that will be moving out the USA if that bill should pass. That sherman guy is the face of the fear that Bitcoin represents to the bankers and to the corrupted machine that runs this world.

People in the USA should be thinking on voting for a presidential candidate that supports cryptocurrency if they don't want shmucks like that brad sherman congressman to start making these pressures to the US goverment.

Eraldo Coil

member

Activity: 448

Merit: 10

I don't think they could ever stop us from investing or buying cryptocurrency. There are a lot of people who knows how cryptocurrency helps their lives and also, I think we should find a way to convince or change this minds of these people. Because even though I know that they can't stop us, they will surely give us a hard time. I think this is all because of different illegal activities that includes bitcoin. We have to clear cryptocurrencies' reputation.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Quote from: mayax on May 10, 2019, 05:36:17 AM

first step :

https://www.youtube.com/watch?v=v2XqcWWnGqU

yes I read this news
every bitcoin grows. there is always someone who prevents it.
I agree with some of the friend post reviews above.
they fear crypto shifts traditional currencies. that's why they try to do everything they can to prevent it

salty

full member

Activity: 562

Merit: 100

I think in America and so you can not invest in ICO.And about the ban I think is not worth much to pay attention to it.America will be the first country where cryptocurrency will be used everywhere.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: jademaxsuy on May 11, 2019, 02:51:20 AM

I do not think that this could push through. It is the people to decide whether cryptocurrency is bad or not for the community.

People can say what they want but the government is still the one that has a power on whether they will approve or reject the use of cryptocurrency .

Quote from: jademaxsuy on May 11, 2019, 02:51:20 AM

But, to what i have been seeing lately and it is of course cryptocurrency had made some good reviews from the community that benefited the system.

Yes cryptos are mainly have a positive review from the public .alot of governments also see and feel it , this is the reason why most of them approved cryptos .

Meanwhile , threats and rumors about banning cryptos is real and in fact its already happening to some countries/governments but we shouldnt be worry about that because the percent of crypto adopters are still more bigger than the percent that those who reject cryptos

jademaxsuy

full member

Activity: 924

Merit: 221

I do not think that this could push through. It is the people to decide whether cryptocurrency is bad or not for the community. But, to what i have been seeing lately and it is of course cryptocurrency had made some good reviews from the community that benefited the system.

Caladonian

hero member

Activity: 1302

Merit: 540

such news will affect investors who relied with news, but for those supporters around it will be an ordinary obstacle again for this growing industry, this Congressman have it's own understanding regarding to cryptocurrency and most of his principle might be influenced by the current fia system, few post above me showed the involvement of the Banking businesses behind his campaign supports which highly explained why he made this action.

Gaaara

hero member

Activity: 1106

Merit: 501

I already knew it would happen but didn't expect it to happen later than I anticipated, I think the reason behind this bill is because they know what cryptocurrencies are capable of, a digital coin that cannot be manipulated by any governments and this is the main reason why governments are seeing cryptocurrencies as threat and call it an outlaw.

Bitcoin and other cryptocurrecies are started being recognized again and is it a good thing or bad, I always say that any news that regards cryptocurrencies is favorable to it but if its a news making a law out of it then I don't see a good cause around this.

pushups44

sr. member

Activity: 854

Merit: 281

Quote from: Yakamoto on May 10, 2019, 07:51:55 PM

Quote from: SaShiRaJaVu on May 10, 2019, 06:25:48 PM

Quote from: mayax on May 10, 2019, 11:10:28 AM

If USA will ban BTC, there will be no BTC. USA is the biggest market.

I am not sure in what world you are living, let us assume that the US government will come up with a regulation that trading bitcoin and conducting bitcoin is illegal, businesses will shift to other countries where it is legal to conduct business and people will still keep on trading, you cannot shut anything down completely, that was a hypothetical situation, US is just one country and the entire world does not revolve along one country.

While businesses can move their operations out of the United States and opt to set up in more "Bitcoin-friendly" countries, such a ban on the purchasing of Bitcoin would be a ridiculous blow to the American Bitcoin community and definitely be a serious detractor for overall Bitcoin adoption. The US Bitcoin market is probably within the top three in the world if not the top two, and having it suddenly get removed due to a move from the US government will nuke the interest the average person has in Bitcoin. That, and it makes it significantly harder to earn/exchange Bitcoin in the US because there would be no legal way to sell it, at least within the country. Maybe there could be loopholes which allow people to sell it to foreign nationals. Even if it just bans the purchase of Bitcoin domestically, that's still a massive blow to the American community.

Such a law would be passed off as an anti-terrorism measure because that's what's used to kill freedoms and systems outside the conventional institutions. Everyone laps it up too, that's the worst part.

Fortunately, enough billionaires are involved in cryptocurrencies to fight fiercely over any attempts to ban it. Also, the American government itself has an incentive to keep bitcoin alive - for clandestine operations requiring funding from outside of Congress. Also, any politicians who attempt to stifle blockchain innovation could be accused of attacking the economy itself. It is highly doubtful such a bill would gain traction.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: SaShiRaJaVu on May 10, 2019, 06:25:48 PM

Quote from: mayax on May 10, 2019, 11:10:28 AM

If USA will ban BTC, there will be no BTC. USA is the biggest market.

I am not sure in what world you are living, let us assume that the US government will come up with a regulation that trading bitcoin and conducting bitcoin is illegal, businesses will shift to other countries where it is legal to conduct business and people will still keep on trading, you cannot shut anything down completely, that was a hypothetical situation, US is just one country and the entire world does not revolve along one country.

While businesses can move their operations out of the United States and opt to set up in more "Bitcoin-friendly" countries, such a ban on the purchasing of Bitcoin would be a ridiculous blow to the American Bitcoin community and definitely be a serious detractor for overall Bitcoin adoption. The US Bitcoin market is probably within the top three in the world if not the top two, and having it suddenly get removed due to a move from the US government will nuke the interest the average person has in Bitcoin. That, and it makes it significantly harder to earn/exchange Bitcoin in the US because there would be no legal way to sell it, at least within the country. Maybe there could be loopholes which allow people to sell it to foreign nationals. Even if it just bans the purchase of Bitcoin domestically, that's still a massive blow to the American community.

Such a law would be passed off as an anti-terrorism measure because that's what's used to kill freedoms and systems outside the conventional institutions. Everyone laps it up too, that's the worst part.

Topic: A Bill to Ban Buying All Cryptocurrencies (Read 612 times)