Topic: Bitcoin ban, mission impossible - page 4. (Read 723 times)
bitcoin can not be stopped and destroyed because there are so many bitcoin users around the world. Bitcoins can give someone a huge profit from holding a few bitcoins for the future. I think it's more to gain than lose if we have some Bitcoins, I think this factor is what makes some governments accept bitcoins as currency.
ban bitcoin, is a mission impossible,?? I totally agree with your opinion, bitcoin can now be said to be very popular, bitcoin is now controlled by teenagers, young people and even parents, entrepreneurs, millionaires, and even the government already has bitcoin, so it's definitely impossible to ban bitcoin, the proof is that the government has always banned bitcoin, but they always fail.
They cant totally banned it but they would really be focusing rather into those platforms that could really be controlled or on where they could able to put up restrictions but talking about banning directly is something that they had been doing for years already but still failed to do so and thats why most of governments do really hate up when talking about crypto or specifically with Bitcoin. Mission impossible on the sense of direct banning or getting control of it but it could really be possible in the sense of targeting centralized platforms.
We've seen lots of bans from here to there but still Bitcoin stood strong and do even hit up all time highs.
Yeah its right when the whole world is depending on technology they are upgrading them self with innovative thing what virtually can possible. Yes its true that people are now mostly interested in virtual thing to try like ebook, e-learning types of products becoming more popular than physical. Now people wants to do their work within a moment. Now they want to do lots of work Through smartphone or computer at home. And bitcoin is mostly becomes popular as a best investment option for everyone because of its price. Though its become popular day by day for people so government should take step to make it more user friendly and government friendly they can't make it banned anymore. Thats why lots of country are doing progress on it. As per my prediction.
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.
Solidarity can cut down bitcoin's deepest roots and like the bitcoin mines in China, the government just need to seriously make the rules then the enforcement teams start to carry out their duties, the miners won't have land to open factories but unity has never been achieved in the majority, old and new enmities between nations are relatively numerous, they have their own ambitions on the world battlefield. Since then, bitcoin is like a horse that can run around without fear of a ban, its land is too wild for the government
Countries that have not yet recognized Bitcoin will gradually recognize Bitcoin. Countries that have recognized and re-banned Bitcoin have reported negative effects on Bitcoin.In addition to banning Bitcoin by evaluating its use, Bitcoin has thrown away mining machines.
If you check you will see that most countries that have legally accepted Bitcoin are a developed country who knows the importance of technology and a digital world. For the underdeveloped ones they need to know the benefit and I hope they get it soon
Son of Dane..
If you check you will see that most countries that have legally accepted Bitcoin are a developed country who knows the importance of technology and a digital world. For the underdeveloped ones they need to know the benefit and I hope they get it soon
So it's a matter of control.
Edit: Space for oneliner.
Edit: Space for oneliner.
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. 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.
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.
The countries which have not adopted crypto yet are still not fully familiar with regulating cryptocurrencies.
Many countries are worried for their citizens and that it will increase the amount of online fraud.
Many countries are still worried because cryptocurrencies like bitcoin is a strong competition to their tradition fiat currency.
Many countries are worried that it will increase money laundering and corruption.
While these countries are facing such issues I am positive that they will find a way through it and will soon adopt cryptocurrencies.
Some countries have already started the adoption of cryptocurrencies and other will just follow their lead.
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. 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.
The reputation of bitcoin over the years was taken care of over the years and having it getting banned by some countries specially China is something that might confuse many. Those countries who chose to restrict the use of bitcoin might have their reasons like they see cryptocurrencies and bitcoin as a threat to their economy or to their power over the citizens. Bitcoin's purpose is to introduce convenience in transactions and give financial freedom to many but when it come to the betterment of the economy of a country, we cannot rely bitcoin to aid that one so we should know what role bitcoin plays in a certain country. 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.
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. 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.
They or countries that are still not open to bitcoin, they have not seen an opportunity from the positive side of bitcoin. If only they could understand the many advantages that can be obtained if they are willing to accept bitcoin openly. Unfortunately they still hold fast to physical money as a necessity that is owned by all citizens. 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.
each country has their own way and system in the adoption of bitcoin. We cannot prevent government authorities from making certain policies, especially in the prohibition of bitcoin.
but this doesn't always last long.
besides that as long as the internet is running well even though some countries prohibit the circulation of bitcoin the results will still be the same, bitcoin will still be one of the popular currencies.
because even if it is prohibited in a country there will definitely be at least some people who will use different paths so they can access their wallets and I am sure of this
but this doesn't always last long.
besides that as long as the internet is running well even though some countries prohibit the circulation of bitcoin the results will still be the same, bitcoin will still be one of the popular currencies.
because even if it is prohibited in a country there will definitely be at least some people who will use different paths so they can access their wallets and I am sure of this
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.
Banning Bitcoin doesn't mean a government would prevent using it. Banning means they aren't allowing it to deal officially. Today or tomorrow most counties will welcome when they will realize Bitcoin technology. Technically it's impossible preventing Bitcoin use. Governments are just worried that they are unable to control it and they never want to give us financial freedom.
But you need fiat to buy Bitcoin, this is part where government could interfere people from buy/sell Bitcoin.
That's the reason why peoples choose black market to trade Bitcoin where it's not allowed.
The only way to stifle Bitcoin is to make people no longer need it. If no one wants a devaluation-proof, anti-censorship, permissionless, borderless, non-discriminatory, and tradable financial asset, then no one will provide computing power to Bitcoin, and it will naturally die.
But due to well-known reasons, at least in recent decades, we have not seen this day.
But due to well-known reasons, at least in recent decades, we have not seen this day.
The latter countries, they never go wrong with that expectation and so for those countries that still doesn't have a firm stand towards bitcoin. It is okay, they'll lift those bans and will announce that they'll be opening policies to regulate bitcoin so that their citizens are protected from the possible scams and as well as audit most of the bitcoin holders in their jurisdiction upon selling.
Only a matter of time for these countries although not all countries like China, Russia and other superpower nations, they have a strong economy that they don't need reliance towards bitcoin and they're just too paranoid to have something that they can't control be freely used by their citizens.
There has been no prohibition for more than a decade, and it would be a good ‘wise’government to waste time trying to figure out how. What the government should be thinking about right now is coexistence, integration.
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countries cannot control most things produced independently.. but they can..
seems confusing.. let me explain
when anything is created away from government there are no laws, no restrictions at first.. so they have to create a law to restrict it first. and then create a amendment/new policy with conditions/licences of allowing use
they do this not by telling the product to stop.. but to tell citizens they are breaking the law for getting involved with the product. to then have a gateway to create a licence/policy of conditions where people can then get involved again if they meet government requirements
it is like alcohol pre 1917. there really wasnt any regulation on alcohol production. no quality assurance, no age limit. so government had to ban it. to then in 1933 allow its production and sell with new restrictions and regulations
the war on drugs took alot longer. but still involved banning it, to then allow licencing it
a government cant licence something unless they first ban it under their law
without banning it they cant control it or later licence it. as its just open to use by anyone for anyone for any reason without the initial ban
governments will never control the blockchain direct. but they dont have to. they only have to control PEOPLE that use the currency of the blockchain
seems confusing.. let me explain
when anything is created away from government there are no laws, no restrictions at first.. so they have to create a law to restrict it first. and then create a amendment/new policy with conditions/licences of allowing use
they do this not by telling the product to stop.. but to tell citizens they are breaking the law for getting involved with the product. to then have a gateway to create a licence/policy of conditions where people can then get involved again if they meet government requirements
it is like alcohol pre 1917. there really wasnt any regulation on alcohol production. no quality assurance, no age limit. so government had to ban it. to then in 1933 allow its production and sell with new restrictions and regulations
the war on drugs took alot longer. but still involved banning it, to then allow licencing it
a government cant licence something unless they first ban it under their law
without banning it they cant control it or later licence it. as its just open to use by anyone for anyone for any reason without the initial ban
governments will never control the blockchain direct. but they dont have to. they only have to control PEOPLE that use the currency of the blockchain
Bitcoin relies on node decentralization. Bitcoin's decentralized software has developed to the point where it cannot be shut down globally. Even if various countries in the world choose to ban Bitcoin, they will find this impossible.
The sad fact remains that the goal of most countries is to regulate something they don’t understand.
It is true that you can't throw bitcoin out of your country because it exists outside any borders and is evolving way faster than the government takes action trying to stop it via different laws. The problem is that people living in countries, those that don't embrace new technology, don't accept the fact that bitcoin is inevitable are suffering economically, politically, socially, physically, and psychically. If a hostile government, by all means, tries to ban bitcoin usage in their country, it will make people's lives even harder. For example, the government knows that the bitcoin network needs the Internet to convey information about blocks and transactions, and they will ban the private usage of the Internet. Surely, the enforcing of such laws is not an easy task but these measures can slow down the adoption of bitcoin and make it more difficult for people to run their own nodes. Therefore, less decentralization. The sad fact remains that the goal of most countries is to regulate something they don’t understand.
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