nowadays, stopping Bitcoin is an impossible act...
Bitcoin transactions per hour have reached millions of times and are spread all over the world, even countries that close themselves off from the international world such as North Korea and China alone have quite a lot of bitcoin transactions. Currently, using the Tor network for bitcoin transactions is not difficult, so the sentence "banning bitcoin, like banning the internet" is valid.
Topic: Banning Bitcoin is Like Banning the Internet, Says Russia’s Finance Minister (Read 836 times)
March 23, 2022, 05:19:42 PM
March 23, 2022, 05:05:58 PM
The technicality aside, you could "ban" it. You may not be able to stop it, because people could use satellites to get internet from other places, there are global companies that offer horrible bandwidth and speed, but it is there. But that is not about banning, that is about stopping. So if Russia bans it, then they can, and people could either stop, or they could try to find alternatives.
On the other hand, they can't really afford to get out of international internet, because that would put even further economical problems to them on top of the current ones that they have, which is why I doubt it would happen anyway, it would probably not happen.
Even if you ban it, people would be able to use VPN to overcome that so they know this, they have tried to limit the way Russians use internet before, and they have limit what type of freedoms Russians will get, and they always fail because internet is just way too free to be limited. You could even do bad things online nowadays in the darknet, hopefully nobody ever uses that again but it's there, it's usable and it's not cool at all.On the other hand, they can't really afford to get out of international internet, because that would put even further economical problems to them on top of the current ones that they have, which is why I doubt it would happen anyway, it would probably not happen.
In the end, crypto is a lot like that, they are not saying they will cut themselves out of global internet neither, the fact that they "act" like it is just a way to scare people but in the end they know they can't, and that is why they won't.
March 23, 2022, 03:42:10 PM
In some ways he is correct. I think the statement is a bit dramatic, but in essence, he is stating that banning bitcoin would be a huge blow to technological advancement. While I do agree with this, I don't think that bitcoin's impact on the world will be quite like the internet.
The internet enables people from across the world to share information in an instant. Bitcoin is a decentralized monetary network that serves to take the middle man out of fiscal exchanges.
Two different things imo.
But its not bad to have some comparison or presuming about similarities between the two.Yes, it might be talking about monetary network but it would be mainly focusing on decentralization which is The internet enables people from across the world to share information in an instant. Bitcoin is a decentralized monetary network that serves to take the middle man out of fiscal exchanges.
Two different things imo.
something a real or big thing on where people or community would really be praising or like on.Internet is something revolutionary same as Bitcoin too, it is really just having some certain extent
when it comes to actual utility which is really just common sense.If he do say up those words then he do literally just expect too much into btc.
March 23, 2022, 02:15:46 PM
In some ways he is correct. I think the statement is a bit dramatic, but in essence, he is stating that banning bitcoin would be a huge blow to technological advancement. While I do agree with this, I don't think that bitcoin's impact on the world will be quite like the internet.
The internet enables people from across the world to share information in an instant. Bitcoin is a decentralized monetary network that serves to take the middle man out of fiscal exchanges.
Two different things imo.
The internet enables people from across the world to share information in an instant. Bitcoin is a decentralized monetary network that serves to take the middle man out of fiscal exchanges.
Two different things imo.
March 23, 2022, 01:40:37 PM
Cryptocurrencies of the future may be able to achieve a full replacement of money
What do you mean by that, I believe crypto currency will only provide a better alternative to primary currency but not a replacement. Even though bitcoin can not get banned from any government and as the internet money once there is internet then anybody can access the blockchain without any restrictions. March 22, 2022, 10:05:06 PM
Cryptocurrencies of the future may be able to achieve a full replacement of money
March 22, 2022, 05:07:57 PM
Couldn't agree more, it is highly ridiculous to think of banning btc, the federal government should stop thinking about banning and and look for better ways to incorporate it into the economy, after several failed attempt it is pointless to keep trying, we are in the digital era where many things are done digitally, technological advancement is taking over and btc is part of that advancement.
There is no way to make bitcoin banning possible. The country may impose a ban on it, but the effect is just temporary. People will always find ways on how they can benefit the technology that bitcoin has. And since bitcoin is part of the newest technology, so people will have all the rights to take advantage on it. However, if banning internet will be possible, bitcoin will also be banned. But it seems that the internet nowadays has been the best outlet for us to gain good knowledge. And that's what actually bitcoin is going to take its path. 
March 22, 2022, 04:06:37 PM
Yes, the finance minister is on right track. Since they are unable to stop using the Internet means can't prevent their citizens from using Bitcoin or cryptocurrency as well. Central Bank always will stand against Bitcoin, nothing new. It's because they don't like to destroy their business. But they aren't realising the reality and potentialities of Bitcoin or they ignoring that for their own benefits. I don't think Russia will ban crypto ever. There are many things related to that.
People can't live without internet nowadays, and so bitcoin is slowly becoming too. The government should have to shut down the internet first before they can totally ban bitcoin. Otherwise, banning becomes ineffective.In most countries, since they can't ban bitcoin, so they just started to regulate it. I think that is better. If they can't ban bitcoin, at least they can make money from it. IMHO, the government or any central bank can't ban bitcoin, only its citizens can be ban from using it.
March 22, 2022, 12:17:54 PM
Well said by "Russia’s Financial Minister Anton Siluanov that Banning Bitcoin is Like Banning the Internet.
It very good and powerful statement by the minister for the community working for bitcoin. This is a very positive statement based on reality regarding today's world economy and the quickly changing situation. Bitcoin and cryptocurrency are a reality that cannot be ignored. Bitcoin is getting popular in all communities working on the internet. And it is liked by all ages of persons.
So, I appreciate his statement about bitcoin.
It very good and powerful statement by the minister for the community working for bitcoin. This is a very positive statement based on reality regarding today's world economy and the quickly changing situation. Bitcoin and cryptocurrency are a reality that cannot be ignored. Bitcoin is getting popular in all communities working on the internet. And it is liked by all ages of persons.
So, I appreciate his statement about bitcoin.
March 21, 2022, 04:46:55 PM
Practically it is not possible to completely ban the Internet in Russia. There are some attempts to limit the internet access in Russia as there has been a lot of cyberattacks being conducted in Russia. Though all the steps taken by the Russians are temporary in lieu of the current circumstances and there is no plan to disconnect Russia from the outside world.
Russia’s denying that it’s about to cut itself off from the global internet, but it’s acting a lot like it.
The technicality aside, you could "ban" it. You may not be able to stop it, because people could use satellites to get internet from other places, there are global companies that offer horrible bandwidth and speed, but it is there. But that is not about banning, that is about stopping. So if Russia bans it, then they can, and people could either stop, or they could try to find alternatives.Russia’s denying that it’s about to cut itself off from the global internet, but it’s acting a lot like it.
On the other hand, they can't really afford to get out of international internet, because that would put even further economical problems to them on top of the current ones that they have, which is why I doubt it would happen anyway, it would probably not happen.
March 20, 2022, 01:33:12 PM
The Internet has brought us convenience, and so has cryptocurrencies. The internet is like cryptocurrencies, and no country can completely ban both. These leaders of the country want to control the masses completely. People are not free.
True. Convenience in a way that we can now communicate seamlessly but other than communication, the internet now allows people to buy stuffs or pay online. The idea of digital payments came because of it and so as the creation of cryptocurrencies later on because other digital currencies has their own restrictions and issues while cryptos don't have.Crypto is said to be the money of the internet but you can't say that the internet is like a crypto because I think that internet is more centralized. It is possible for it to get banned or shutdown, like what is planning with Russia right now. Not all leaders are selfish but if they are then we can use a crypto to experience freedom somehow.
March 20, 2022, 08:18:27 AM
And speaking of that though, the West is trying to disconnect and isolate Russia completely off the internet as some firms are already pulling out from the country. But for now, Russia has its own called RuNet. As they are feeling the wrath of the Western sanctions, BTC is their alternative to fund themselves. Although that it is a good alternative to counter these sanctions, but it’s not enough to rebuild their economy back to its old self.
Practically it is not possible to completely ban the Internet in Russia. There are some attempts to limit the internet access in Russia as there has been a lot of cyberattacks being conducted in Russia. Though all the steps taken by the Russians are temporary in lieu of the current circumstances and there is no plan to disconnect Russia from the outside world.
Russia’s denying that it’s about to cut itself off from the global internet, but it’s acting a lot like it.
March 20, 2022, 08:09:34 AM
And speaking of that though, the West is trying to disconnect and isolate Russia completely off the internet as some firms are already pulling out from the country. But for now, Russia has its own called RuNet. As they are feeling the wrath of the Western sanctions, BTC is their alternative to fund themselves. Although that it is a good alternative to counter these sanctions, but it’s not enough to rebuild their economy back to its old self.
March 19, 2022, 03:11:51 PM
"You can't ban the internet" is being repeated but you have to realize that the governments didn't abandon banning the internet because they couldn't. They abandoned it because they ended up having a very good level of control over it.
To grow bigger, Bitcoin and crypto market need to have more and better regulations. Having our own banks and financial freedom does not mean the crypto market and its ecosystem should be left as free space.People must be protected by regulations, laws, etc. There are always pros and cons of regulations but I believe that in the world, we must have law and regulations in any industry. Fortunately, with Bitcoin, governments can not brutefore our own wallets. They can not free our wallets like what they can do very easily with bank accounts.
Wouldn't be the first time I've heard the sentiment of laws being crafted to protect the people. Bitcoin regulations are no exception. The precise verbiage of any one law doesn't matter - the goal is the same, to decrease the usage of crypto in hopes of people reverting back to normal currency. What starts out as innocuous regulations and laws, as you suggest, inevitably turns into an outright ban. It's difficult to recall when government has responsibly been given power that does not conclude in abuse. What exact regulations do you purpose for crypto currency that would make the sector better? Perhaps you have more faith in a competent governmental system, because I surely do not.
March 19, 2022, 03:02:32 PM
That says one thing which is banning bitcoin is impossible because it's impossible to ban the internet.
As what we are witnessing now, particularly the war of two countries (Russia and Ukraine), we now see how useful bitcoin is because we can send donations to Ukraine to bitcoin instantly, and that would not be possible through fiat if payment centers are not operating. That's just one thing. If we try to analyze the current scenario, this tells us how a decentralized asset would be so useful when our economy struggles and our government is not functioning.
It is also showing how the whole world could be connected together thanks to crypto so easily. People all around the world, from any nation could be donating to Ukraine right now. Instead of waiting for the nearby nations to help them, Ukraine could use this money to protect themselves.As what we are witnessing now, particularly the war of two countries (Russia and Ukraine), we now see how useful bitcoin is because we can send donations to Ukraine to bitcoin instantly, and that would not be possible through fiat if payment centers are not operating. That's just one thing. If we try to analyze the current scenario, this tells us how a decentralized asset would be so useful when our economy struggles and our government is not functioning.
This is a proof that regular traditional monetary system is slow and they need to make it a lot better, whereas crypto is miles ahead and they are definitely doing this a lot better. I do not know how people could see this as a bad thing, sure Russians could be using it to avoid sanctions but it is also used for Ukrainians to help save themselves at the same time, why not focus on that part?
March 18, 2022, 05:59:38 PM
I don't really know why most countries are just disturbing their self about banning bitcon, I don't think banning bitcon can be possible again, if any country ban bitcoin I believe the citizens will definitely use VPN to access different exchange because only the governments are against bitcoin and not the citizens.
I believe is high time the government stop disturbing their selfs about bitcon, I believe bitcon have come to stay and I don't think their is anything that can change that, they should should just adopt bitcoin because I don't think any country can ban their citizens from using bitcoin because they will definitely look for a way to transact it.
into their eyes considering that it do really opposes on what they do like thats why they do really have this common negative stance towards it but some places or countries had no choice because they couldnt do anything
thats why its better to adopt or recognize it rather than on banning on it because it would really be that pointless on doing so they do only do the opposite instead.
March 18, 2022, 05:21:56 PM
I don't really know why most countries are just disturbing their self about banning bitcon, I don't think banning bitcon can be possible again, if any country ban bitcoin I believe the citizens will definitely use VPN to access different exchange because only the governments are against bitcoin and not the citizens.
I believe is high time the government stop disturbing their selfs about bitcon, I believe bitcon have come to stay and I don't think their is anything that can change that, they should should just adopt bitcoin because I don't think any country can ban their citizens from using bitcoin because they will definitely look for a way to transact it.
March 18, 2022, 12:29:29 PM
That says one thing which is banning bitcoin is impossible because it's impossible to ban the internet.
As what we are witnessing now, particularly the war of two countries (Russia and Ukraine), we now see how useful bitcoin is because we can send donations to Ukraine to bitcoin instantly, and that would not be possible through fiat if payment centers are not operating. That's just one thing. If we try to analyze the current scenario, this tells us how a decentralized asset would be so useful when our economy struggles and our government is not functioning.
As what we are witnessing now, particularly the war of two countries (Russia and Ukraine), we now see how useful bitcoin is because we can send donations to Ukraine to bitcoin instantly, and that would not be possible through fiat if payment centers are not operating. That's just one thing. If we try to analyze the current scenario, this tells us how a decentralized asset would be so useful when our economy struggles and our government is not functioning.
March 18, 2022, 10:56:52 AM
He’s not wrong, these nations who decide to exclude themselves from the future of finance will regret it. They can’t really ban bitcoin, anybody who knows about Tor, VPN’s, P2P trading can work around it. They can only exclude themselves which is a big mistake.
I don't really know why most countries are just disturbing their self about banning bitcon, I don't think banning bitcon can be possible again, if any country ban bitcoin I believe the citizens will definitely use VPN to access different exchange because only the governments are against bitcoin and not the citizens.
March 18, 2022, 12:41:18 AM
The Internet has brought us convenience, and so has cryptocurrencies. The internet is like cryptocurrencies, and no country can completely ban both. These leaders of the country want to control the masses completely. People are not free.
The struggle for power and personal ambitious interests of Putin in Russia are above any logic and interests of the people. As we can see, after Russia’s military invasion of Ukraine, when things there not only went wrong, but turned into a disaster, Facebook, Twitter, Instagram were turned off in Russia, and now, perhaps, the Internet will be completely turned off. For the sake of cryptocurrency, the Internet, of course, would not be turned off there. But for the sake of preserving the ruling regime, it turned out to be quite possible. In Russia, they are trying to hide the truth about the war in Ukraine from their people, they still do not believe that the Russians can bomb the cities of Ukraine, and even more so kill its civilians.Putin is now going to great lengths to delay the indignation and anger of his people, not only with the results of the aggression against Ukraine, but also with the results of the international sanctions imposed. In Russia, they may not turn off the Internet only if the hidden information still breaks through and the shutdown itself turns out to be useless.
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