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Topic: Bitcoin Ban in Hong-Kong (Read 2931 times)

sr. member
Activity: 378
Merit: 250
Pre-sale - March 18
March 02, 2015, 11:00:59 AM
#38
Wasn't the bitcoin also banned in the entire China ?
Then how do they allow mining sites to still function ?
not only that thay manufacctur chips rigs
full member
Activity: 173
Merit: 100
March 01, 2015, 08:25:20 AM
#37
Wasn't the bitcoin also banned in the entire China ?
Then how do they allow mining sites to still function ?
legendary
Activity: 3374
Merit: 1824
March 01, 2015, 06:44:15 AM
#36
Are they going to ban cars too because bad drivers run people over with cars? This principle can apply everywhere. Bitcoin is NOT designed to be used in any ponzi/pyramid scheme. Hell you could pyramid scheme with lollies, clothes, jewels, anything you like. Bitcoin was just the selected commodity this time round.

I agree with you but unfortunately people in power, authorities, don't use this logic.
They act thinking what decision will please most their supporters, people around them, business groups which support their political campaigns...
I don't see good outcome for BTC here.
 
member
Activity: 112
Merit: 10
March 01, 2015, 06:36:50 AM
#35
There are short-term and long-term possibilities.

Short-term they could say yes or no - the decision will be localized to their opinions and thoughts without much outside pressure.

Long-term, depending on the success of bitcoin, they might find more pressure against them to move with the crowd.

Sorry if that didn't answer your question, was just trying to relay some perspective.
member
Activity: 116
Merit: 10
★☆★ dont let others hurt your sk
March 01, 2015, 02:11:52 AM
#34
..Will it happen?

http://bitforum.info/t/will-hong-kong-ban-bitcoin-for-mycoin-incident/269/1

Hong Kong was potentially the best place in Asia to start the Bitcoin revolution.
Unfortunately, the MyCoin incident will not help.

Will Bitcoin be banned in Hong-Kong?

Although they are not ignoring the issues involving bitcoin, Hong Kong will not be banning bitcoin.
member
Activity: 112
Merit: 10
★Bitin.io★ - Instant Exchange
February 28, 2015, 08:09:49 PM
#33
Are they going to ban cars too because bad drivers run people over with cars? This principle can apply everywhere. Bitcoin is NOT designed to be used in any ponzi/pyramid scheme. Hell you could pyramid scheme with lollies, clothes, jewels, anything you like. Bitcoin was just the selected commodity this time round.
sr. member
Activity: 518
Merit: 250
February 28, 2015, 08:02:45 PM
#32
Don't you  just love the disconnect in logic?

Just like spoons should be banned because they help drug dealers create drugs or brief cases need to be banned because sometimes they are used to transport drugs and other illegal susbstances.

 Cheesy

you should not expect any logic from politician. They're using all tactics to get votes .... from sheep.



True, you can't expect logic from politicians any more than you can expect it from women.  It will be up to masculine people to keep Bitcoin going, and we can't allow people to shame us into submission with their petty insults.
global moderator
Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
February 28, 2015, 07:55:15 PM
#31
They've been treatning with bans since the begining and nothing happens.

I wouldn't worry too much about a Hong Kong ban ..
It would have a boomerang effect.. ban something and people become curious about it.
They could be really vague about it, not mentioning the name but rather targeting some sort of key functionality or just naming it as "virtual currency". Though it would still attract at least a bit of attention from those that actually decide to google the matter so guess that's true to some extent.
hero member
Activity: 770
Merit: 509
February 28, 2015, 07:52:35 PM
#30
They've been treatning with bans since the begining and nothing happens.

I wouldn't worry too much about a Hong Kong ban ..
It would have a boomerang effect.. ban something and people become curious about it.
hero member
Activity: 635
Merit: 500
BlasterKVs the king of xbox modding
February 28, 2015, 07:42:06 PM
#29
there are multiple scam with cash and bank investment , so will they ban cash/fiat?
i don't thinks its a valid reason to block bitcoin
sr. member
Activity: 448
Merit: 250
February 25, 2015, 11:21:13 AM
#28
How can they ban Bitcoin , If they want , they must ban fiat , Fiat causes much more troubles
member
Activity: 60
Merit: 10
February 25, 2015, 11:01:27 AM
#27
..Will it happen?

http://bitforum.info/t/will-hong-kong-ban-bitcoin-for-mycoin-incident/269/1

Hong Kong was potentially the best place in Asia to start the Bitcoin revolution.
Unfortunately, the MyCoin incident will not help.

Will Bitcoin be banned in Hong-Kong?

As long as authorities will act quick on both the criminals and the customers, bitcoin in Hong Kong will be ok.
sr. member
Activity: 406
Merit: 250
Bitcoin Mixer: https://BitLaunder.com
February 20, 2015, 05:41:30 PM
#26
They've been treatning with bans since the begining and nothing happens.

I wouldn't worry too much about a Hong Kong ban ..
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 20, 2015, 05:37:51 PM
#25
They've been treatning with bans since the begining and nothing happens.

Its like a broken tape allready, i agree. If you want to ban something, just go ahead and ban it allready, and stop with the maybe yes maybe not, its giving me a headache.
I doubt theyre going to ban bitcoin, but i definetly think that there will be some more strict rules in how exchanges and other bitcoin related bussineses can act when dealing with it, and thats a good thing.
cheers
hero member
Activity: 658
Merit: 500
February 20, 2015, 05:36:30 PM
#24
Don't you  just love the disconnect in logic?

Just like spoons should be banned because they help drug dealers create drugs or brief cases need to be banned because sometimes they are used to transport drugs and other illegal susbstances.

 Cheesy

you should not expect any logic from politician. They're using all tactics to get votes .... from sheep.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
February 20, 2015, 05:34:12 PM
#23
Don't you  just love the disconnect in logic?

Just like spoons should be banned because they help drug dealers create drugs or brief cases need to be banned because sometimes they are used to transport drugs and other illegal susbstances.

 Cheesy
newbie
Activity: 40
Merit: 0
February 20, 2015, 05:29:17 PM
#22
Everything is a go in Hong-Kong! It just has to be done the Hong-Kong way!
hero member
Activity: 700
Merit: 501
February 20, 2015, 03:44:12 PM
#21
They've been treatning with bans since the begining and nothing happens.
newbie
Activity: 48
Merit: 0
February 20, 2015, 02:58:58 PM
#20
If it hasn't already, it probably won't. Given the current regulatory climate there, there is no reason why it would be banned. It has the information given on the blockchain and it is not really anonymous, so that would not be likely.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
February 20, 2015, 02:15:20 PM
#19
It shall not be banned , there are always frauds and scams , no matter the currency, banning BTC for that ,is total useless

Has it really been banned in Hong Kong? But using bitcoins isn't illegal unless all are using it for money laundering and gambling. Bitcoin is much more secure than other currencies.

No it has not been banned

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