Topic: Ban bitcoin hardest in the future is more likely to be USA for the oil bitcoin - page 2. (Read 3422 times)

Putin said that Russia should aim to sell its oil and gas for rubles globally because the dollar monopoly in energy trade was damaging Russia's economy.

Does the America wake up？ Dollar has been in decline, they have to make a choice between bitcoin or something else....

Of cause, to other countries institutions and individuals, now it's the last opportunity to collect chips and build stockpiles.

So would the btc value go down because the US hates it or will it go up because all of these other countries are going to use it for oil trades?

If it happens, the America would lost all first mover advantages on bitcoin and would have to start playing another cleverer 'Bitcoins' with all other countries, institutions and individuals  at the same time .

The ability to accept bitcoin does not affect people being able to hold politicians accountable for their bitcoin (or other) policy stance. If someone wanted to donate money to a politician's campaign they could simply sell their bitcoin for fiat and donate fiat to their campaign.

So true.

China, Russia and all the other American hating countries have already set wheels in motion for an orderly transition from the dollar. Bitcoin or not, the us dollar is already dead.

Umm Chinese currency is as manipulated as the US Dollar. Why replace one devalued and manipulated currency with another one that is frankly even less stable?

If bitcoin die，RMB would dominate this world, that's all.

It is not happening soon. The US is still the largest economy in the world. its oil dollar is still dominating the world. China is banning BTC now and trying to increase the status of RMB globally.

Every one was failed who underestimated China's development in the past 60 years including the USA, every one was failed also who underestimated Bitcoin's development in the past 5 years.

Since America will have to face the challenge of rapid growth of China and bitcoin, I do think they would have to make a painful choice between RMB rule all the world or bitcoin rule all the world finally, once the oil dollar can't continue.

If the latter is more beneficial to them, it would be far away from wise to suppress the bitcoin now.

Thanks for your reply.
Maybe the United States do will not ban Bitcoin directly, but it can limit and constraint the bitcoin , even simply drive down the price of bitcoin just like this week.

I do think this broke of bitcoin is related to some special department of the United States. The cause is likely to be the oil bitcoin.

yingfeng, even though English isn't your first language it was a good read.

The United States cannot ban Bitcoin, however, they can regulate it like NYC's proposed bitlicense which will hurt that city's ability to innovate in cryptocurrency.

Yeah, we should do something more.....

The FEC gave us a huge advantage in this. Politicians can accept bit coin which means we can reward or punish politicians based on their bit coin policy positions. Citizens United in an indirect way also made bit coin protected speech.

If the US introduces heavy handed legislation that stifles innovation and hampers things like exchanges and other areas which are key for newcomers to bitcoin who don't know how to acquire and secure it themselves, that will certainly spell trouble. Bitcoin will live on but the US will be at a severe economic disadvantage. Hopefully people are taking note of what their local state and federal representatives position on bitcoin is and will vote accordingly. In fact, there should be a concerted effort by bitcoiners state by state as well as on local and federal levels to determine what those views of said representatives are relating to bitcoin and documenting them and creating awareness. Maybe even a database. I don't think at this point this is something that an otherwise competent elected official could/should be on the fence about since it has such tremendous implications. Therefore playing it safe and having no position should be viewed unfavorably. This, to ensure that we are voting for people who will keep us competitive in the global economy instead of taking us further down this path of destruction in order to serve their own self filling needs and those of the big banks who currently have them by the balls. Those who are not for bitcoin can vote for those who are against it, but those who want to see bitcoin grown can have a collective voice. Also, they should know we are ALL watching (and voting...collectively).

It is happening...

I'm sorry for my poor English and thank you for your frank reply.
Maybe the word "ban" is not proper, i just want to say America will limits and constraints the bitcoin from now on, because it has the capacity to replace the oil dollar, which is the core of the dollar's hegemony in the world.

At the same time, since America will have to face the challenge of rapid growth of China and bitcoin，they would have to make a painful choice between RMB rule all the world or bitcoin rule all the world finally, once the oil dollar can't continue.

No doubt the latter is more beneficial to them.

Maybe you are right now，but how about another 10 years ？
Since anyone who underestimated the speed of China's development in the past 10 years has to  reflect on their own，does america can conquer China in next 10 years? It seems they ever tried in 1950，but failed.

In my opinion, America will have to make a painful choice between RMB rule all the land or bitcoin rule all the land finally.

America will burn any oil producing country to the ground that considers not accepting the dollar for oil.. 

Yeah but as people worldwide wake up to this unjustified aggression for profit, it gets politicially harder and harder for them to keep doing it. Their brainwashing is wearing off, the well-brainwashed baby-boomers are dying. Another 20-30 years and every adult will have been raised on the internet.

That's the certain end for them and their political hegemony, if they even last that long.