Bitcoin is bigger than the government reason my Gov tried to blackmail bitcoin - page 2.

hd49728

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Quote from: Kakmakr on October 19, 2023, 01:12:27 AM

A government will "allow" something, if they can control it and if it is advantageous to them. Governments accepted traditional Fiat currencies, because they control it's supply (Money printers) and it's worth (inflation basket)

They allow fiat currency because they have good control on it but in reality, they only partially control its supply but fail to control its cash flow so that money laundering still happens with cash.

They also have grey areas that they will fluctuate between prohibition and allowance. We can not know when they shift the grey area from allowance to prohibition.

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Bitcoin are not being controlled by any country and the supply of Bitcoin are fixed in the Bitcoin protocol and open markets, so most governments see no advantage for them to accept it. You will find that some governments allow it, but they found something that they could use.. example : circumventing sanctions and uncensored cross border transfers. Roll Eyes

They can accept Bitcoin officially, make it legal tender like El Salvador or they only accept it unofficially and you won't be caught and get jailed if you use Bitcoin. You have to know and keep yourself updated about laws, regulations in your country to avoid legal issues because lack of understanding and update.

Ojima-ojo

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Where the hell do get this information from, and why didn't you attach a link to this post to show the authenticity of these claims, this are obviously false claims and worst still you seem to be advising citizens of Bitcoin ban countries to accept Bitcoin which is not something that should be publicly done in the way you put it out, although, although it may be that those in countries where there are anti bit confused laws or some form of regulations already know that bitcoin can not be total ban but then their involvement and activities may be restricted by the government who seek to control the economic wealth and the financial life of the people through this kind of means.

Finally, Isreal has not made any public ban proclamation since years back when they first made such a ban attempt, but that doesn't still stop the citizens to access Bitcoin, but is under strict compliance and Bitcoin can not be used to as a weapon since both parties are weapon locally manufactured, to that extent i think you are very wrong in this assertions.

avikz

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

Why should someone as big as a government allow itself to be subject to mockery simply because they want to control what is already ahead of it, bitcoin is far gone from the stage for a government attack to bring it to total collapse, which can happen with altcoins but not Bitcoin and the earlier they realize that the better.
Big up to El Salvador who was bold enough and has a smart leader to have discovered the potential advantage of Bitcoin and adopted it accordingly, but to those countries who are waking up and taking the shield to attack Bitcoin, my advice to such countries is to take a look at china who took that route in the past by banning Bitcoin, what has been the result that ban.
Has it had any long-term impact on Bitcoin, or just short-term market reactions, which are sometimes almost unnoticeable?
My advice to all Bitcoin holders in and out of banned countries is to, make your security your highest priority, and afterwards, try never to get distracted in your walk to a more developing and advanced future with Bitcoin.

Every government is different and every government has their own priorities and challenges. So a government can definitely decide to impose a blanket ban on cryptocurrencies but that does not mean cryptocurrency will be impacted at a global scale. The impact of such ban usually stays within the jurisdiction of the same government.

Nothing really funny is there. It's always the case because Bitcoin is something truly global and free from the control of any centralised authority.

Ahli38

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Quote from: mk4 on October 18, 2023, 09:18:24 PM

Quote from: Prestongold on October 18, 2023, 07:28:48 PM

just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

Can you link me an article? Based on my 10-second Google search, Israel's attempts to ban bitcoin was in 2018, but you're claiming that it's recent.

As for if a ban can "change anything" — of course it does. Anyone that will be caught transacting with bitcoin can get arrested. That literally changes everything for the people in whatever country bans bitcoin.

I also hope OP can provide a source for the news he might have read regarding Israel banning Bitcoin or something like that? But I also did some searches related to this. But all I found was about Israel confiscating a lot of crypto accounts. But there was no conclusion to banning bitcoin. The related news that I read is this one (Sourch | routers.com)

But if Israel really makes this ban, I think the news will be quite exciting and will spread across many news media.

Blitzboy

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Its almost funny, isn't it? These huge government agencies are trying to crack down on Bitcoin, which cant be stopped. Israel's new ban shows that they dont understand what the decentralised behemoth is all about. As China did, how many failed tries do we need to see before its clear that banning Bitcoin is, at best, a short-term reactionary move?

El Salvador, on the other hand, is a shining example of growth and what it means to welcome the future. Another country? Instead of attacking Bitcoin in vain, maybe its time to look at ourselves and change. For all you Bitcoin fans out there, especially those who live in places where it is being banned: make your security even stronger, keep your eye on the end goal, and remember that Bitcoin's promise goes far beyond these short-term changes in government.

Alpha Marine

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

First, Bitcoin is not bigger than the government. We don't need it to be that. We just need it to be a decentralized digital currency which it already is.
If we begin to make it like a revolution against the government it might not end well for us.

Secondly, I don't think Israel banning Bitcoin is entirely true. There was a time they did, but it was not an outright ban on Bitcoin, and it wasn't recently.
And yeah, the Bitcoin ban can change a lot. As someone who lives in a country where Bitcoin was banned at a time, I know what it means.
Do not underestimate the power of a government. Using Bitcoin where it is banned may seem like a small disobedience to people who do not live in such conditions, but it's more than that.
If you're unlucky, the government might try to make an example out of you and they may come at you with all they've got.

Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Big up to El Salvador who was bold enough and has a smart leader to have discovered the potential advantage of Bitcoin and adopted it accordingly,

A country making Bitcoin legal tender can not necessarily be termed as Bitcoin adoption. It's evident in the country you mentioned El Salvador. The adoption of Bitcoin in El Salvador has not improved. People don't pay with Bitcoin and businesses don't accept Bitcoin much. Last year it was reported that Bitcoin adoption has gone down by 60% after a year of making it legal tender.
Adoption to me, means the amount of people that use Bitcoin.

boyptc

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There have been a lot of news about Israel and Bitcoin recently due to the funding from some parts of the world and other groups doing it with Hamas and Jihad.

But as you make this thread, are you sure that Israel just did banned Bitcoin? I did my own research but no recent article says that they've banned Bitcoin.

What I've found are these articles that suggests that they may ban Bitcoin but it's from 2017 backwards. Like this;

--> https://www.reuters.com/article/us-markets-bitcoin-israel-idUSKBN1EJ0J6

Outhue

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Bitcoin don't need to get rid of the government and gold to be a better Bitcoin, we don't need it, even if the whole world accept Bitcoin tomorrow there will still be some people that wont care about Bitcoin, that's because Bitcoin is for group of people that accepts decentralization, it doesn't have to go against everything in the world, Bitcoin exists for people who needs it's use case ( Decentralized), stop making it look like the world can't exists without Bitcoin..

If Bitcoin never existed the world will move on like nothing happened, as useful as Bitcoin is for majority of people, not everyone will see it's needs, governments are completely centralized and they don't like Bitcoin because they believe decentralized will make people move money untrackable, until they do their own research and get to know that everything is transparent on it's blockchain.

Majority of countries banning Bitcoin are now uplifting the ban, it shows they are now understanding the technology, me personally if people tell me that they hate Bitcoin for their own reasons I will just tell them to do their research first, because I believe they hate it without knowing what its all about.

Kakmakr

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A government will "allow" something, if they can control it and if it is advantageous to them. Governments accepted traditional Fiat currencies, because they control it's supply (Money printers) and it's worth (inflation basket)

Bitcoin are not being controlled by any country and the supply of Bitcoin are fixed in the Bitcoin protocol and open markets, so most governments see no advantage for them to accept it. You will find that some governments allow it, but they found something that they could use.. example : circumventing sanctions and uncensored cross border transfers. Roll Eyes

davis196

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Quote

just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

Any link to the source of information? We've been talking about BTC being used to fund terrorism for about 10 years and the Israeli government managed to find out that this is true just recently. This is suspicious. I don't believe this and I don't want to get into conspiracy theories about the Hamas attack.
No, this ban won't change anything. Terrorists and criminals will still be using Bitcoin(and altcoins) along with fiat currencies like the US dollar and the euro. No government in the world can stop terrorists and criminals from using a particular currency or financial asset.
And no, Bitcoin is NOT bigger than any government in the world. Bitcoin is just a financial tool, like all the other financial assets and currencies.

Strongkored

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Bitcoin is not bigger than any government or anything else because Bitcoin is a currency that was created with a definite purpose but which is currently still considered more as an investment tool than a tool for transactions.
A government that bans Bitcoin will not have a big impact on Bitcoin because it will only affect the market, but it will slowly recover and will not reduce people's interest in continuing to own Bitcoin, and usually governments that ban Bitcoin because they get incorrect information only see the bad side where it is often reported to be used for bad things even though that does not represent the full truth.

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Quote from: Despairo on October 19, 2023, 12:23:10 AM

The article I found Israel request Binance to freeze the accounts that linked with Hamas, so this isn't Israel ban Bitcoin, it's Binance did that and nothing surprise the centralized exchange will do anything to agree with the regulation.

Challenge for them is how to know all Hamas members and their accounts on Binance. Freezing accounts of terrorists is a good activity anywhere on Earth. But why do they need to ask it now if KYC on Binance works at the first place.

KYC serves for AML (Anti Money Laundering) so if Israel government asked Binance to do this now, it means KYC does not work for AML before this abnormal and urgent request.

Why KYC is extremely dangerous - and useless. Again that thread shows its meanings.

I don't say Israel do everything right or they are better than Hamas. In the middle, many people die for nothing.

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies,

This sounds more like propaganda against Bitcoin.

For starters, Israel "enemies" aka people whose home Israelis are occupying aren't purchasing their weapons. They are manufacturing it domestically and mostly inside the prison known as Gaza. For example their rockets are made out of the ancient sewage pipelines that ran from Egypt into Palestine.
Additionally majority of their weapons are spoils of war. These are stuff Palestinians have taken from their enemies aka the occupiers. For example they now own at least 4 Merkava tank they seized recently.
Almost all the guns Palestinians have are also Israeli made, either acquired by taking it from their military bases or buying it from Israeli soldiers!

Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Why should someone as big as a government

Well in your story, Israel is not a "government". It is an illegitimated regime that is more of a terrorist organization than a government.

Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Big up to El Salvador who was bold enough and has a smart leader to have discovered the potential advantage of Bitcoin and adopted it accordingly,

Bitcoin's benefits are for individuals not for countries (on big scale). Of course the case of El Salvador is slightly different because we are talking about a very small country with a very small economy and lots of problems. So impact of Bitcoin there can be considerable specially if the plans their president has (tourism, foreign investor, etc.) works.

Despairo

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As long as US not ban Bitcoin, I don't care too much. China which is a biggest country in economic isn't even give a big impact to Bitcoin, if both Palestine and Israel really ban Bitcoin, the effect is less than China.

If US is completely ban Bitcoin, it will give a big impact including this forum might get shut down.

Quote from: mk4 on October 18, 2023, 09:18:24 PM

Can you link me an article? Based on my 10-second Google search, Israel's attempts to ban bitcoin was in 2018, but you're claiming that it's recent.

The article I found Israel request Binance to freeze the accounts that linked with Hamas, so this isn't Israel ban Bitcoin, it's Binance did that and nothing surprise the centralized exchange will do anything to agree with the regulation.

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

my advice to such countries is to take a look at china who took that route in the past by banning Bitcoin, what has been the result that ban.
Has it had any long-term impact on Bitcoin, or just short-term market reactions, which are sometimes almost unnoticeable?

The purpose of bans is not to have a long lasting effect on the price but to restrict people within that Geo location from accessing Bitcoin, which essentially keeps financial control with the government. China has spread a blanket over all financial institutions and control them religiously.

Quote from: Prestongold on October 18, 2023, 07:28:48 PM

My advice to all Bitcoin holders in and out of banned countries is to, make your security your highest priority, and afterwards, try never to get distracted in your walk to a more developing and advanced future with Bitcoin.

I will rather we do not publicly advice holders in banned countries and what to do and what not to do.
The risk of holding an illegal commodity is already very high.

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If several countries try to ban Bitcoin in a unified decision with the exchange of information and imprisonment for all participants, the price of the currency will decrease and thus it will have a real impact on the adoption of Bitcoin. Governments fighting any phenomenon may not necessarily lead to its disappearance, but it will have less impact. Bitcoin can be the currency for international trade and its price will increase significantly if it moves away from political polarization and becomes cash for settling payments rather than money used by everyone who does not like the banking systems or tries to circumvent sanctions.

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

I wouldn't touch on the issue with Israel or any other countries banning bitcoin, there are pros and cons, but it's their decision not to accept it, so we can settle on that argument.

And I don't think that government that are against it's is a mockery, let them know their lessons already. Just like what the internet in the beginning, many governments are against it, but look at it right now. So let's not rub it in, on the contrary, we should just be quiet about it, it we are in the country that accepts bitcoin then good, (as in my case), continue to accumulate. And for those who are living under a authoritative government that doesn't want to give control to the people, just be careful and try to stay safe with your bitcoins.

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?

Can you link me an article? Based on my 10-second Google search, Israel's attempts to ban bitcoin was in 2018, but you're claiming that it's recent.

As for if a ban can "change anything" — of course it does. Anyone that will be caught transacting with bitcoin can get arrested. That literally changes everything for the people in whatever country bans bitcoin.

GreatArkansas

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Quote from: Prestongold on October 18, 2023, 07:28:48 PM

Is funny how something that they thought could easily die away is now a globally accepted alternative in a decentralized manner, just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?
(....)

Of course no, it is already proven by many countries before. A lot of countries trying to ban Bitcoin but it's not how it works. No one can control Bitcoin, so no one can stop Bitcoin.
Maybe they can just ban their citizen from doing some transactions like buying using their banks.
But the essence of Bitcoin is not really working like that.

hd49728

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I don't go into details in your post because nothing interesting.

I argue with your topic title only because it is bad title to shill Bitcoin. Bitcoin is Bitcoin, unique and innovative, game-changing technologically and practically. It is not bigger than governments or the human civilization. Do you need Bitcoin to be bigger than gold, silver, governments, CIA just to use bitcoin>

You don't need it and Bitcoin does not need to be like that.

Bitcoin is Bitcoin and if you love privacy, anonymity, decentralization, no censorship, full control, let's use Bitcoin.

The bullish case for Bitcoin.

Topic: Bitcoin is bigger than the government reason my Gov tried to blackmail bitcoin - page 2. (Read 339 times)