Topic: A Trump + Merkel ban would mean nothing - page 2. (Read 354 times)

It reminds me the situation with prostitution in the Netherlands - instead of banning the human basic instinct they legalized it and got even more profit due to taxes.
BTC and cryptocurrencies in general can be banned only in the countries with the "total control" regimes, as these tend to regularize all the sprouts of autonomy demonstrated by their citizens.

To me, the even more powerful notion is that you could ban bitcoin, but it'd be hard to ban the idea underlying it because it could take many forms.

It is not about killing it. Nobody can kill bitcoin. They can try to slow down the adoption&trade volume though. A lot. If btc stays at $5k for 10 years and if it starts to go lower because of those bans, I wouldn't call a bitcoin like this "alive"

Not everybody shares the same anarchist spirit as you do. Some people are just cows. They will stop using btc just because their gov told them to do so, but the other people, they won't care.

Just like torrent.

It is illegal almost in every country but we still use it and don't give a shit.

There is a little truth in this statement, They are just hitting the bitcoin bad so they can buy the weakness and control the interest of people by FOMOing them. It may affect the short term, but they can't in the long term.

In the US and Germany, bitcoins can no longer be banned today. I think that false information is intentionally launched, but it is not clear with what purpose. In the US, the regulation of the crypto currency is harsh, but it has been taken for a long-term perspective as working papers. In Germany, the most friendly to the crypto-currencies are now generally accepted. There, bitcoin is already recognized as a legal tender and transactions with it are exempt from tax. Therefore, in these countries there is no point in making absolutely opposite decisions.

This game that our governments is playing is going to last for. To me nobody can ban crypto currencies because this market is decentralized and no government, associations and company has control over it and that means usa or any country banning bitcoin will means nothing in the long-term.

Sometimes people here are getting hilarious...
The US and the EU hold almost 50% of the world GDP, and if we count services and the banking sector that is well above the 2/3 of the world.And all out ban, in usage, exchange, trading and possession would send us in a matter of hours back to 2012 levels.

Yeah, you can't stop bitcoin and you can prevent everybody from using it but the move would be catastrophic for the environment now.

Fortunately it won't happen and even if they are willing to do so, it's too damn complicated for the EU to take a common stance against bitcoin. There is so much bureaucracy countries have veto power, they can ask for up to 5 years extensions period when it comes to financial issues...it's not going to happen.

Why would the EU and USA ban bitcoin if they know so well that they can milk the hell out of it in by taxing it? Instead of banning the trades and crypto-related commerce (which will potentially lose them money anyway), they'd find a way to impose taxes that are aggressive yet still looks OK in plain sight. The FUD about the bans are just nothing but mere speculation and scare-mongering, as there are no statements or any gestures regarding the bans released yet. If ever they've decided to do such and cryptocurrencies still thrived, that is when they'd most likely lift any bans regarding these coins as it proved that no amount of government restrictions could hold down bitcoin's growing popularity to the masses.

Only those who know very little about things that are going on in crypto world, still believe that total ban of crypto have high chances of happening. I mean its not totally impossible, but chances for that are extremely low. Banning crypto would bring nothing, while on the other hand regulating could bring so much to EU and USA. Governments will always chose course of action that suits them the most, and that is not banning.

But I guess that you are correct, that on long terms price would recover. But it would be massive blow for crypto market to lose EU and USA users. Losing users is never good for product.

We are all responsible for our own actions, but that doesn't mean some deserve to hold bitcoins more than others. In my opinion, what you said is just wrong. We all make mistakes and pay for them.

I would not be surprised to see something like that, after all we are talking about politics and making money. 

Totally agree. This is impossible to make a total ban on something decentralized, but, regarding mass adoption, regulations are crucial. If US and EU decide to ban the use of Bitcoin it is going to be difficult for the people to use it as a common tool, more likely they will prefer to stay away from it. Thinking about a small business, for example, as much as you want to implement a payment-bitcoin -method in your business, if the state you belong to says NO, then it is going to be difficult for you to make it real.
Regulations are necessary if we want crypto to become mainstream, but not crucial for its actual use. Nevertheless, nor EU, nor US seems to have any intention of banning the coin.

Newbie is fudding around.

US banning ban is a highly unlikely scenario. [hypothetically] If it comes to that then it wouldn't be like the China ban, recovery wouldn't be easy, yeah in the long-term it means nothing, but it would be very long, in the short-term Bitcoin would be crippled. If the US bans Bitcoin then countries that have taken a neutral approach towards Bitcoin might probably follow suit, quite possible.

Bitcoin has come a long way from being a niche coin, nerd coin, criminal's coin to being in the process of becoming a mainstream financial investment where a good number of investors neither understand the technology nor the ideology, don't use it as a medium of exchange, but do perceive it as a good investment, maybe for short-term or long-term, weak hands and investors, but US ban will take majority of these people away leaving Bitcoin to where it was maybe a year or two ago. We are still in the very early phase, we don't need bans, but we still need weak hands or people who don't understand Bitcoin or for why it was created to take the momentum forward, for mainstream adoption. If the average Joe isn't able to be a part of Bitcoin because of ban then it would take some time for us, Bitcoin enthusiasts/ideologists/anarchists/libertarians to again build up from niche to achieve further adoption.

Governments can't kill Bitcoin, but they can definitely slow down adoption especially if it's the US government.[hypothetically]

IRS is milking Bitcoiners. Regulations are on the way.

I disagree. I would say this would wreck Bitcoin's long term prospects. What we want is mass adoption, and we can't have that when people who get caught using it get penalized. It can't get killed by bans, yes, but it won't be a new world currency (or a rocket to the moon) that people want it to be either.

The proper way to address this FUD, in my opinion, is to say that it's never going to happen. What do they get out of banning it? They don't lose anything by letting it be either. A ban is what you would expect out of totalitarian regimes, not countries with strong institutions like the US or Germany.

I see this thread is related to this : https://bitcointalksearch.org/topic/--3482190 and even if you did not click link(it is not working),this is just FUD and nothing else.

Regarding your hypothesis about total ban to BTC from EU&USA, you probably know that they are very friendly towards BTC, especially Germany which is pretty well regulated this area.Also USA is no matter what some others might say very friendly regarding cryptocurrency,they have largest network of BTC ATMs in the world,and also places to spend BTC on various things.So they will not kill BTC,they know how much money can be made from cryptocurrency on collecting taxes,on opening up new jobs and so on.

Even if they try to do what you described smart people will be wait and not fall into the trap.I would give such scenario only 1% chance.

If the USA and EEUU (that's basically Merkel at this point) decided to ban Bitcoin, and I mean a full frontal ban, including any trading and possession of Bitcoin, it wouldn't still mean nothing in the long term.

Can these guys increase the total 21 million limit supply? no? exactly, and that is their number 1 weapon, inflation. They can ban all day long, and it wouldn't have an impact on the long term prospects of Bitcoin. It will only serve as a way to weed out weak hands that didn't deserve to hold Bitcoin in the first place. And the ironic thing is, they themselves will buy the dip, and a couple of years later when they have amassed an huge amount at cheap prices, they will legalize it again, making all the noobs FOMO back in.

Governments CAN'T kill Bitcoin, and they CAN'T kill the reasons it is desired. Get this straight and drop the FUD.