The digital nature of Bitcoin doesn’t make it impossible to use it. Transactions P2P, I believe, is even possible in countries with a full ban on Bitcoin, but the problem is: where to get it? They ban exchanges, Tracy your banking account if you’ve linked one to the exchange, and then you face problems and penalties.
Also, you might want to review some of the information you provided here. For instance, you’ve stated that Russia is more advanced in terms of accepting Bitcoin and there’s a possibility to legally sell it, however, while the status of cryptocurrencies there remains legal, the use of them as a payment method is banned.
Topic: Bitcoin ban, mission impossible - page 2. (Read 806 times)
Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it.
You are saying people don't buy bitcoin because bitcoin isn't like the "traditional banking system"? If that is the case, then its good they aren't buying bitcoin. Because they know nothing about it and has no clue how cryptocurrencies work. They are dependent on third party institution to handle their assets/finances. I am sure they even if they start investing in bitcoin and gets hacked or loses their coins for some reason, they will end up trash talking about bitcoins.However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Yep, as long as you have cash and internet, you can purchase bitcoin. No one can stop you from doing that as long as no one knows you are doing that Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
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Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
Obtaining Bitcoin is not that difficult mate but they are struggling because they are still naive and Bitcoin though they claim they want to support it but deep down they still have some negative feelings towards it.In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Bitcoin is not an obstacle but not on the government watch because the decentralization part of Bitcoin is seen as a threat to the CBDC they are planning to create and their power as a government. 
I agree. It is not possible to prevent Bitcoin for good. And I don't think all of the countries in the world will ban Bitcoin. It is not logical. Bitcoin has been a great use for many countries so far. Some governments even started to make Bitcoin legal tender. In such environment, how can I expect Bitcoin to be banned from everywhere? It is "mission impossible" indeed.
Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin.
Russia is a shady country where the government wants to control everything and as far as I know the Russian government is not friendly when it comes to bitcoin, so putting japan on the same side as russia is something you can't do because japan is more Bitcoin friendly to russia
But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
India is not bitcoin friendly, while the US despite having no bitcoin laws they are bitcoin neutral which allows its citizens to buy and sell bitcoin as they please
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Cryptocurrency, bitcoin including, still remain new phenomenon for humanity and no one knows how they proceed. Therefore, "do it on your own risk" is the best advice any one can get when asking about whether should he or she be involved into the business with BTC. Yeah, for many right now people BTC is like a business and they make money by speculating its price. I'm not like them. I’m mainly interested in the technicality of Bitcoin. I don't care how long this phenomenon will last.If someone asks of course I will answer simply because bitcoin is a currency that will be used in the future and this cryptocurrency will still be used if people still need it.
The country's that are taking advantage of the new technology of blockchain will have advanced development and economic viability in the next few years to come, countries like Venezuela have taken this step already and have accepted bitcoin as a legal tender.
Is the government just taking advantage of it? then in the end like China did, after everything was drained out and left without giving any waivers?
I hope the government does not use Bitcoin as a profit opportunity, but as a form of full support from various aspects, not only profit aspects. For example, the aspect of community welfare which has already interacted with Bitcoin. As long as Bitcoin taxation is not a burden on the holders, the government will be welcome.
The countries that are still finding it hard to accept Bitcoin are not undeveloped rather they have built an economy that can be independent. Such that they do not need a added edge for reliance.
About shorting down bitcoin, it would those countries cost too much. Bitcoin is decentralised it can't be regulated by anyone. It would take shorting down the internet to stop Bitcoin.
About shorting down bitcoin, it would those countries cost too much. Bitcoin is decentralised it can't be regulated by anyone. It would take shorting down the internet to stop Bitcoin.
Back in the days where napster was the king in filesharing app, the way peer to peer application did not rely on central point of failure, it flourished and no one can stop it. That is how bitcoin being modeled into . No central authority to refer to, even a brute force attack won't shut it down ... unless the Internet will be shut down indefinitely.
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In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
it can be an obstacle for them because they ban btc but for us that knows btc well , btc is more of a tool to help us in our way rather than an obstacle .Quote
Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system,
there are people that are not confident with banks or on how fiat money works so they are using bitcoin instead . its not only because of the nature of btc on why some people hates it but even in everything theres alsways be a hater .
The country's that are taking advantage of the new technology of blockchain will have advanced development and economic viability in the next few years to come, countries like Venezuela have taken this step already and have accepted bitcoin as a legal tender.
Bitcoin is a very good currency to invest in but it is not considered a safe haven because the crypto market is not stable. No one can say for sure when the price will go down. countries that currently ban Bitcoin are trying to control Bitcoin, thereby controlling their local currency But this is impossible as long as the internet exists
Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.
From the year of 2017, the banning of bitcoin was in talk. But still now not a possible task. Because all the time, it added up new people in to his trading. Then the number of investors was increased to huge number. In final, it became an impossible task to the government of many countries.
Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.
If our government can ban and closely monitor us, bitcoin won't flourish, remember that anyone can see what you do on the Internet if they have the tools to look at it and monitor you and even restrict your activities online. The reason that it doesn't happen is that the people in power don't want to abruptly do it because a revolt can happen and it might be difficult to suppress that.
Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.
In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.
Yep, governments tends to control everything. They always like to interfere where there are income generating activities or assets. They always feels like everything's deserves to be taxed or regulated.
Now, what they did is to regulate legal crypto exchange and requires KYC before fully using the exchange service.
The essence of anonymity in crypto space has been gradually eradicated.
Government banning Bitcoin can't Bitcoin, there citizens still trade Bitcoin through p2p. I know many Government officials invest in bitcoin. Bitcoin is now very popular, and the government have to understand that Bitcoin have a bright future. Is obvious some Government banned Cryptocurrency because they can't control it. Bitcoin offers financial freedom, it has no boundaries. Even without the Government legalizing it, bitcoin will definitely keep growing.
Even all governments in the world unite to stop bitcoin, they cannot stop until there are still few miners left. They can "pause" bitcoin blockchain by ordering to stop the internet connection around the world but once the internet comes back, bitcoin blockchain will continue.
Bitcoin is really a mission impossible cause no one even the government can not stop Bitcoin from moving or doing it thing. For many years now Bitcoin had been struggling to get freedom that had been uphold by the antagonist government and individuals that are ready to jeopardize Bitcoin activities. No one can stop Bitcoin although it can be banned temporarily but not permanent.
Even there is high chance that we could come up with the ideology to transfer the fund without use of internet.
For example, since the blockchain network works with the public space usage (the ledger thing) the data is available through all the years and for the period upto which the data was synched on the wallet. Later what one can do is, synch the transaction by means of Bluetooth connectivity or NFC for that matter. This will temporarily record the transaction on both the devices that is sender and receiver. Once the wallet is connected to internet it can synch up with mega node and confirm it on the network somewhere.
This way, it would impossible to take down the bitcoin. Who knows some programers might just come up with excellent framework like above to keep the bitcoin going on inspite the fact that it gets banned in the near future.
For example, since the blockchain network works with the public space usage (the ledger thing) the data is available through all the years and for the period upto which the data was synched on the wallet. Later what one can do is, synch the transaction by means of Bluetooth connectivity or NFC for that matter. This will temporarily record the transaction on both the devices that is sender and receiver. Once the wallet is connected to internet it can synch up with mega node and confirm it on the network somewhere.
This way, it would impossible to take down the bitcoin. Who knows some programers might just come up with excellent framework like above to keep the bitcoin going on inspite the fact that it gets banned in the near future.
I think the main thing is to understand that Bitcoin is not intended to break rules or laws but rather to break paradigms, that is why its use as a digital asset is allowed in most countries.
It is there to be used by anyone who wants to have it like anything else that is bought legal and used in legal parameters, there are many other assets that are used to complete payments and avoid paying more taxes or specific fees for purchases or sales. So many things of value are used as payment methods, it has been that way for a long time and will continue.
So there are many "assets" that work outside the banking system (your comment OP) that there is no problem there, the problem is being outside the law.
It is there to be used by anyone who wants to have it like anything else that is bought legal and used in legal parameters, there are many other assets that are used to complete payments and avoid paying more taxes or specific fees for purchases or sales. So many things of value are used as payment methods, it has been that way for a long time and will continue.
So there are many "assets" that work outside the banking system (your comment OP) that there is no problem there, the problem is being outside the law.
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