No, it's much harder than that.
As a government, you can approve or disapprove the usage of the internet from your citizens. You have greater access than they do. If someone gave me their IP address, I couldn't have known much, maybe approach where they live. The government, on the other hand, can know exactly where they live, which pages they've visited, when did they do it, they can link their devices etc.
In Bitcoin, everybody has the same rights. It's a set of rules everybody can follow. Therefore, I'm gonna change it and say that: Banning Bitcoin is rather like... Banning gravity.
Topic: Banning Bitcoin is Like Banning the Internet, Says Russia’s Finance Minister - page 5. (Read 862 times)
February 21, 2022, 01:36:41 PM
February 21, 2022, 01:01:05 PM
When it is seen from outside it looks like a threat. When one starts using it, people start understanding the need for it and the true power. With internet this has been experienced and the internet changed the world making anything possible from any corner of the world. Now in the financial ecosystem the same is being done by bitcoin along with other cryptocurrencies. Maybe the service available out of cryptocurrencies were also available with fiat, but how it happens vary between the two. This is why more countries prefer making it an alternate than banning it.
February 21, 2022, 12:16:27 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.
February 21, 2022, 11:54:26 AM
"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.
Take Canada for example, you'd assume they need some sort of court order to pressure the social media companies like Facebook to reveal the shit their people are liking but the recent police raids of Canadian homes proved they don't need it at all. The authoritarian regime already monitors everything fully.
One of the reasons why they still keep fighting bitcoin because they still haven't been able to find any way to have any kind of control over it. They have tried so much too with their spy nodes, chain analysts, etc.
Take Canada for example, you'd assume they need some sort of court order to pressure the social media companies like Facebook to reveal the shit their people are liking but the recent police raids of Canadian homes proved they don't need it at all. The authoritarian regime already monitors everything fully.
One of the reasons why they still keep fighting bitcoin because they still haven't been able to find any way to have any kind of control over it. They have tried so much too with their spy nodes, chain analysts, etc.
February 21, 2022, 11:47:50 AM
In the first place, there's no reason to ban the internet because it connects us, it gives information that we can share even for free and it makes us smart because we make ourselves informed of the latest news and stories.
Bitcoin, on the other hand, is considered a digital currency, it should not be compared to the internet because bitcoin as a currency can be used for illegal activities and therefore needs to be regulated or banned if cannot be regulated. In the end, it still depends on our government but we see that some governments are pro-bitcoin, so bitcoin will certainly exist even if other countries will ban it.
Bitcoin, on the other hand, is considered a digital currency, it should not be compared to the internet because bitcoin as a currency can be used for illegal activities and therefore needs to be regulated or banned if cannot be regulated. In the end, it still depends on our government but we see that some governments are pro-bitcoin, so bitcoin will certainly exist even if other countries will ban it.
February 21, 2022, 11:32:02 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.
February 21, 2022, 11:20:30 AM
It is generally known that the Russian Central Bank’s stance is to ban crypto-assets, cryptocurrencies, arguing that they creates risks, primarily for citizens, and financial institutions, banks, and create an obscure settlement market.
But, Anton Siluanov (Russia’s Financial Minister) believes that banning cryptocurrencies is like banning the internet. He argued that although the risks the Central Bank is raising are understandable, but he once again reiterated that banning the sector is considerably worse than regulating it.
There are still debates on this issue and President Putin have encouraged the two financial bodies to find a solution to the deadlock.
https://cryptopotato.com/banning-bitcoin-is-like-banning-the-internet-says-russias-finance-minister/
For them to even consider looking at the possibilities of Banning or not banning means a good thing because if it was not, they couldn't even consider it. I think in the years to come even though I don't see most countries taking it as a legal tender but there will surely be more acceptance and regulations with Bitcoin because it is no longer undeniable. But, Anton Siluanov (Russia’s Financial Minister) believes that banning cryptocurrencies is like banning the internet. He argued that although the risks the Central Bank is raising are understandable, but he once again reiterated that banning the sector is considerably worse than regulating it.
There are still debates on this issue and President Putin have encouraged the two financial bodies to find a solution to the deadlock.
https://cryptopotato.com/banning-bitcoin-is-like-banning-the-internet-says-russias-finance-minister/
February 21, 2022, 10:40:01 AM
Contradictory information has been coming from Russia lately, because it is clear that the Central Bank and the minister have conflicting views. I hope that in the short term the Minister's vision will prevail, as he is the one who understands what this is all about. However, even if the Central Bank's vision were to prevail now, in the long term that vision cannot be sustained.
February 21, 2022, 10:13:45 AM
Not only Russia but also other nations failed to ban the Internet. So what do you expect when you say and are witnessing that they are trying to ban Bitcoin like what they tried to ban the Internet?
Do you know that Bitcoin has much more impressively growth than the Internet?
In 1990s, people tried to ban the Internet and now, 30 years later, we know that they failed eventually. Bitcoin has had 13 years in history so far and it won't die. 13 years old is good enough to say Bitcoin is here to survive and will stay with us. The world need blockchain technology and Bitcoin is the first successful blockchain-based project.
Do you know that Bitcoin has much more impressively growth than the Internet?
In 1990s, people tried to ban the Internet and now, 30 years later, we know that they failed eventually. Bitcoin has had 13 years in history so far and it won't die. 13 years old is good enough to say Bitcoin is here to survive and will stay with us. The world need blockchain technology and Bitcoin is the first successful blockchain-based project.
February 21, 2022, 10:10:25 AM
It is generally known that the Russian Central Bank’s stance is to ban crypto-assets, cryptocurrencies, arguing that they creates risks, primarily for citizens, and financial institutions, banks, and create an obscure settlement market.
But, Anton Siluanov (Russia’s Financial Minister) believes that banning cryptocurrencies is like banning the internet. He argued that although the risks the Central Bank is raising are understandable, but he once again reiterated that banning the sector is considerably worse than regulating it.
There are still debates on this issue and President Putin have encouraged the two financial bodies to find a solution to the deadlock.
https://cryptopotato.com/banning-bitcoin-is-like-banning-the-internet-says-russias-finance-minister/
But, Anton Siluanov (Russia’s Financial Minister) believes that banning cryptocurrencies is like banning the internet. He argued that although the risks the Central Bank is raising are understandable, but he once again reiterated that banning the sector is considerably worse than regulating it.
There are still debates on this issue and President Putin have encouraged the two financial bodies to find a solution to the deadlock.
https://cryptopotato.com/banning-bitcoin-is-like-banning-the-internet-says-russias-finance-minister/
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