Topic: Bitcoin banned in Ecuador - page 2. (Read 6206 times)
So you actually can't buy, or it is illegal if you get caught?
Banning bitcoin will only drive demand up. I hope all countries ban BTC and every private currency, would be hilarious.
If we all want to earn bitcoin we should do a way , if we want a thing nothin is hard or nothing could be impossible for us, just be patient and determined. But if its hard dont try it, you will be punished and you will have a penalty, in that case try to find other jobs that is approved or recognize by your country. 
Government can't do much about it, bitcoin and other crypto is free to used, even though the government already banned it, there will bunch of people try to used because bitcoin is a very valuable things and can help a lot of people, if the government doesn't want to accept it then the country will be left behind, crypto currency really offered so many good things for future
I hope ecuador will accept bitcoin now in 2017 because for sure bitcoin is now trending to the whole world and for sure ecuador see the potential of bitcoin. But if ecuador not accept bitcoin its their choice. But i hope many country will accpet and adapt bitcoin. If this happen for sure the price will increase to the moon.
Yes in this day and age its stupid to have any crypto that is banned because its not like they can really control it anyway. Those that keep it banned will only have its citizens left behind.
In 2014, all the cryptocurrencies including Bitcoin was banned by the government in Ecuador. This was followed by the introduction of the country’s own digital currency, the Dinero Electrónico.
However, defiant Bitcoin users still continued using Bitcoin and other cryptocurrencies. In fact, Bitcoin use in Ecuador has spiked due to the recent price rise.
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
a short period of time they revoked it and now Russia is one of the strong community of bitcoin nowadays. Which I think sooner or later whether they like it or not they will also accept bitcoin to their country too which is Ecuador.
I hope ecuador will accept bitcoin now in 2017 because for sure bitcoin is now trending to the whole world and for sure ecuador see the potential of bitcoin. But if ecuador not accept bitcoin its their choice. But i hope many country will accpet and adapt bitcoin. If this happen for sure the price will increase to the moon.
In 2014, all the cryptocurrencies including Bitcoin was banned by the government in Ecuador. This was followed by the introduction of the country’s own digital currency, the Dinero Electrónico.
However, defiant Bitcoin users still continued using Bitcoin and other cryptocurrencies. In fact, Bitcoin use in Ecuador has spiked due to the recent price rise.
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
I think they would. not because the price increase, but because when BTC becomes a part of the main financial system, they would have a difficult time keeping it banned.
The currency they made, can't be considered a cryptocoin let alone an anonymous one, even phone to phone transactions are better.
I don't agree to them or to their government that they ban bitcoin in their country. I think the reason why they ban because they want their country that their currency is still protect. If they legalize the bitcoin its possible to attract people from their country. But if the citizen will likely in bitcoin they did not control. Their governments don't understand about bitcoin so it will happen they ban because they also plans to create their own cryptocurrency they want their currency use only. Maybe the ecuador overthinks especially when their economy decrease.
I don't get what were they planning when they banned bitcoin? They might as well ban internet as a whole and put people into forced labour so they know what they're doing and where they are at all times.... oh wait...
That ban won't do much, as people have the access to the internet they will be using bitcoin in some way and that "ban" will just turn more heads towards bitcoin
That ban won't do much, as people have the access to the internet they will be using bitcoin in some way and that "ban" will just turn more heads towards bitcoin
You are a sort of tyrant on your own and you don't know
At least, so you call yourself. In any respected tyranny there are quite a few such laws which seemingly don't make a lot of sense, but it is only an illusion and a superficial impression. These laws (like those banning something, say, Bitcoin) are not there to actually prosecute people for using this coin (or anything else, for that matter). They exist purely to control population and more so political opposition. They don't of course mean that the authorities are going to hunt down every Bitcoin user out there. As the famous Russian saying claims, find me the man, and I'll find you the crime
No they're not going to allow for Bitcoin to be allowed to be used legally within Ecuador for the simple fact that the government is wanting people to use a certain designated cryptocurrency, which is going to be the one that they created. I do think this is a pretty dumb idea in practice due to the fact that their banking systems are going to be losing out on a lot of the transcations relating to BTC
If they want to make some money out of it like they seem to want to do, they should really just tax Bitcoin buying and sell because with the increase in media coverage more and more people may flock to the currency for usage, or for trading, which are two pretty prominent things at the moment. I also don't think people will stop using due to a bank though, pretty dumb all around.
If they want to make some money out of it like they seem to want to do, they should really just tax Bitcoin buying and sell because with the increase in media coverage more and more people may flock to the currency for usage, or for trading, which are two pretty prominent things at the moment. I also don't think people will stop using due to a bank though, pretty dumb all around.
In 2014, all the cryptocurrencies including Bitcoin was banned by the government in Ecuador. This was followed by the introduction of the country’s own digital currency, the Dinero Electrónico.
However, defiant Bitcoin users still continued using Bitcoin and other cryptocurrencies. In fact, Bitcoin use in Ecuador has spiked due to the recent price rise.
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
I don't get what were they planning when they banned bitcoin? They might as well ban internet as a whole and put people into forced labour so they know what they're doing and where they are at all times.... oh wait...
That ban won't do much, as people have the access to the internet they will be using bitcoin in some way and that "ban" will just turn more heads towards bitcoin.
That ban won't do much, as people have the access to the internet they will be using bitcoin in some way and that "ban" will just turn more heads towards bitcoin.
This is what governments of countries that want to maintain their control and wealth over its citizens do, limit their freedoms and opportunities.
Government is the tyrany of people, it use to be King, Dictator etc now ti's government ("democracy"). So I predict more and more bad things from tyrants in the future when it comes to bitcoin i predict no (or very little) good just more and more bad from them!
True, tyranny comes in all forms, while some regimes are famous for producing more tyrants than others, like communism, the truth is no political system is absent of them, just look at Hitler he ascended to power through legitimate means in the German republic. 
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
The government banned bitcoin and introduced their version of digital currency and i am not sure how that progresses ,but i assume that they cannot force anyone to use their currency but another thing i need to know is that ,what happens when you use a banned currency,do you get jail term and under what law you will be booked,if i can have a clarity regarding that ,then i will wage on what will happen.That would obviously depend on the specific law
If you get caught using (or consuming) prohibited substances like, say, drugs, you may get off cheap if you keep them for your personal use. If you are selling them (and Bitcoin would fit here perfectly), your mileage may vary depending on jurisdiction. In some countries you may go to jail for a few (dozen) years, in some other countries you may receive a capital punishment and go to the gallows like, say, in Iran. If we talk about banned currencies, more specifically, in the former USSR, for example, you could go on a date with a firing squad for illegally keeping as much as 100 dollars (a few dudes had actually been executed back then)
USSR = Tyranny at it's finest! At least they where not deceptive tyrants, my country they pretend it's freedom but they try to be as close as USSR as they can hide it. My government is a stupid corrupt government they are to stupid to even know what Bitcoin is. But one day when they discover it's a threat to the their fake printed "money" they will ban it. I'm sure of it!
Another country that says they are banning bitcoins but I think it will not be long since they will change as many countries are considering to accept bitcoins.
This is more of the conspiracists Bitcoin group believing that the world is after them because a handful of laws are thrown around, or in this case a simple declaration of intent. The law is not a law in fact, simply a statement by the government that they were against the use of Bitcoin in the light that the central banking groups were attempting to work within the markets.
Ecuador band bitcoin. Other hand Japan and suzarland adopted bitcoin. They made business industry and use bitcoin. They increase their business and ahead. Other hand Ecuador band bitcoin they stay behind.
I don't like what ecuador government do about bitcoin. It's too bad when a country are 'not allowed to use cryptocurrencies maybe it can affect bitcoin. in other hand like you said Japan start use bitcoin everywhere even in japanease airline. 
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
The government banned bitcoin and introduced their version of digital currency and i am not sure how that progresses ,but i assume that they cannot force anyone to use their currency but another thing i need to know is that ,what happens when you use a banned currency,do you get jail term and under what law you will be booked,if i can have a clarity regarding that ,then i will wage on what will happen.Every country has its own laws and sentences for the crime. So when you are using a banned currency it means that you are committing a crime now what will be the sentence for it? It depends on where do you live and what the law says about you.
i dont think the government needs to be forced to accept what they don't want, i believe they have a reason for rejecting it. e'en though it should do them no harm, if not for those who may misuse the opportunity for crime.but they could be convinced overtime to understand the confusing part of it. and as for those who are really interested has found their way into it as you have rightly said.
Well I don’t think it is something about the government wants criminal activities to be reduced by it in the country but the truth is against this. The governments have some other intensions which could be clearly seen by the launching of their own currency.If it was only about the anonymity issue then the government would only banned it but when it comes to the currency launching then it is competition.
It is not the anonymity that governments are afraid at all
After all, cash is by far more anonymous than Bitcoin while Bitcoin itself is only pseudo-anonymous. Besides, there are quite a few coins that provide true anonymity but no one is going to ban them. Thus this is not the real culprit behind banning Bitcoin. As to me, it is fear of competition exactly that is behind governments looking for banning Bitcoin. In fact, it is not just about Bitcoin, many countries banned the American dollar in the past on various pretexts (e.g. Russia) but the real cause was precisely that, the lack of competitiveness on the part of the local currency
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