Topic: Bangladesh says Bitcoin users could be jailed for up to 12 years - page 4. (Read 6656 times)

Nice content in the site, that said it is very bad designed

Bangladesh is an English common law nation. This means that they have Queen's Bench. Queen's Bench means that a man's or a woman's private property rules over all other laws. If the people only understood this, the whole face of government over there would change. I hear that Karl Lentz is going to India. Look at what Karl did in England using English common law.

http://www.unkommonlaw.co.uk/

Yes they are famous for the rational thinking, dont even make me start on the red tape over there.

It's a scary thought

You criticize to retain your freedoms and expand them, I hope you see the difference.

I guess Bangladesh has to be updated as 'hostile' now.

Are they mad! worst decision by bangladesh government.

Of course Bangladesh  should punish those dirty terr'ist wannabes bitcoiners.
All your coin are now (and forever) belong to us.

They forgot that they're supposed to keep their shadow government in the shadows.

This is something I am painfully aware. We like bitcoin, and we use them, and expect them to take over the world (or so we hope). But the side effect of this would be to take away the power of governments to print money. Many people like this. Printing money has always been used (also) to fund wars. You take this away, and wars will be harder and smaller. More like the middle ages wars, were a war was not a global nation effort. Although of course technology is also responsible for the global nature of war. So if bitcoin takes away some power from the us or russia or china... Well that's ok.

But printing money is generally a tax, and it is a tax that hits especially the people who hoard the money, and do not put it to any use. If your money is invested, and there is inflation, you will likely get your money back. But keep it under the mattrass and it will lower its value. And where has this value gone? In a sense it has gone to the government that printed the money.

It is easy to say that the money printed has not been put at good use. But if you just look at the difference between countries with double digit inflation and failed states you will notice that failed states do not have a working government. There are warlords. Rape and violence are rampant, double digit inflation are terrible places to be, but are better than failed states, as somehow are still working.

So, as I am worried for Italy that with the Euro has lost the power to print money to get out of debt, so I think that bitcoin is great.... but might force governments to be good administrators of their digital gold. And politicians (elected or otherwise) statistically are NOT good administrators. So I am worried, and I understand Bangladesh.

It is, in theory possible to eradicate poverty however bitcoin is not gong to be the reason or the way this will happen.

The fact that Bangladesh is trying to go to these lengths to restrict any kind of economic activity means that they will likely have a high rate of poverty because if they are willing to try to ban this kind of economic activity they are likey not friendly for other types of economic activity as well

Interesting turn of phrase. So if Bitcoin is adopted by some country -- any country anywhere -- would that void this declaration of punishable offence?

This makes me glad the community was/is extremely focused on anon transactions.  Some said it was just a fad but there is clearly a need for privacy concerns with governments trying to track everything and "regulate" the freedom out of the market.

The foundation has nothing to do with the government.

Specially in sub continent they are really suckers because they want to control peoples with power which is now not possible

All 3 bitcoin users from Bangladesh dissaproove theese actions.
Srsly, does even anyone care, seams like some trash news, just to make headlines somewhere.

Lol thats fucking nuts. Laws in some countries are pathetic.

Douchebags, ignorant beyond belief
Hope they wake up soon and Bangladeshis ignore the law regardless

i m buying BTC of Bangladesh users if they are afraid of this
i will buy their BTC and pay them cash
offcourse price much lower then current market price and if you won't agree i will tell your central bank that you have BTC

Lol
just joking

i think it will increase people's interest in bitcoin there

They've been jailed for decades in a dysfunctional country under a corrupt government. Bitcoin is a threat to this.