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Topic: Bitcoin is not to banned or rejected - page 3. (Read 1218 times)

full member
Activity: 490
Merit: 100
November 12, 2018, 05:28:31 AM
#90
I think if bitcoin is used correctly it will be beneficial for you, when you hear from people that bitcoin is harming maybe they are in the wrong group in using bitcoin.
jr. member
Activity: 308
Merit: 8
November 12, 2018, 05:13:41 AM
#89
The issue is a bit dicey because anything done to put control on crypto will surely negate the fundamental of bitcoin which is decentralized and this is what makes bitcoin what it is. Taking away decentralization from bitcoin will make it be nothing. So what are we going to do in this situation? I think the best option if possible was for the people to follow the guidelines on usage of bitcoin which was merely for P2P transactions. Everybody sticking to the good use of bitcoin and not exploiting the evil usage of bitcoin.(money laundry, funding of terror and drugging)
full member
Activity: 994
Merit: 138
November 12, 2018, 05:02:12 AM
#88
The main reason why BTC is banned is that it is difficult to supervise BTC!
With the development of blockchain technology, the supervision of BTC will certainly become easier!
By this time, all countries in the world will be open to BTC!

Absolutely correct. Btc will go mainstream once it can be fully controlled. No other way.
If Bitcoin is fully controlled, then Bitcoin will lose its decentralized nature. Meanwhile, Bitcoin was created as a decentralized currency and transparency. Why do we use Bitcoin if the government and state fully control Bitcoin? it is no different from fiat money and banks
jr. member
Activity: 65
Merit: 5
November 12, 2018, 04:52:02 AM
#87
We already see it being slowly controlled by asian governments. I'm very skeptical at this moment.
newbie
Activity: 63
Merit: 0
November 12, 2018, 04:50:37 AM
#86
The main reason why BTC is banned is that it is difficult to supervise BTC!
With the development of blockchain technology, the supervision of BTC will certainly become easier!
By this time, all countries in the world will be open to BTC!

Absolutely correct. Btc will go mainstream once it can be fully controlled. No other way.
member
Activity: 392
Merit: 10
November 12, 2018, 04:45:42 AM
#85
The main reason why BTC is banned is that it is difficult to supervise BTC!
With the development of blockchain technology, the supervision of BTC will certainly become easier!
By this time, all countries in the world will be open to BTC!
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
November 12, 2018, 04:29:55 AM
#84
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?


Bitcoin is not accepted by every countries in the world because there are peoples who using bitcoin for bad purpose.
And we can't know who using bitcoin with a wrong way unless we know the address owner.
Fraudsters and scammers take advantage of crypto because of it.
full member
Activity: 518
Merit: 100
November 11, 2018, 03:47:14 PM
#83
One of the reason why government banned bitcoin in some countries because of the usage of it in some criminalities. We know that bitcoin is digital currency  and it was transact through internet without third party thats why its easy to use for illegal. But despite  of it  more people are getting involve into bitcoin because they kniw how btc is helpful.
full member
Activity: 602
Merit: 100
November 11, 2018, 03:12:59 PM
#82
I think that many countries will eventually accept bitcoin, because it is increasingly distributed among people, and the government simply will not be able to ignore the interests of the majority of citizens. And as for fraud with bitcoin-it's just skepticism.
member
Activity: 406
Merit: 10
November 11, 2018, 03:11:13 PM
#81
It is unlikely that those countries that have banned bitcoin are guided by these principles that you have written. I still believe that the government has its own interests in banning bitcoin, as the development of a decentralized currency is not beneficial for them.


member
Activity: 322
Merit: 10
November 11, 2018, 02:17:18 PM
#80
If used correctly, bitcoin will not disrupt the economy of the country that adopted it, only improve it. This technology is not designed to be used by fraudsters, it has very different goals.
full member
Activity: 434
Merit: 101
November 09, 2018, 10:20:13 AM
#79
Crypto currency market is expanding day by day so if some says that it is banned it will be just rumors i have personally invest in crypto and i know that it very fruitful so i am sure that in the near future all the payment will be through bitcoin and crypto and people will not use their traditional payment modes but they will be through their mobile phones and computers via internet and this will be the modern payment system .
full member
Activity: 490
Merit: 100
November 09, 2018, 09:35:38 AM
#78
Decentralized nature of bitcoin makes it very difficult to regulate by any authority. The developers of bitcoin had a mind of innocence while it was developed purely for P2P transaction never expected it could be used for evil. The evil nature of bitcoin usage has to with the choice people are making daily using bitcoin if only we can restrict ourselves within the ambient of bitcoin whitepaper then bitcoin would have been what was in the mind of the developers from inception. We the users should help and use the coin with care and for virtue and not for evil.
full member
Activity: 658
Merit: 100
PayAccept - Worldwide payments accepted in seconds
November 09, 2018, 09:30:11 AM
#77
Blocking Bitcoin or accepting it is still a problem that has not been solved. You can see that many countries accept Bitcoin and there are a lot of countries opposed to it. We need to have Bitcoin associations and need lots of useful information to get it back.
sr. member
Activity: 1638
Merit: 300
November 09, 2018, 09:23:05 AM
#76
not all countries prohibit bitcoin, many countries have legalized bitcoin in their countries, and I hope bitcoin is not banned in all countries because bitcoin is very helpful to the economy of its users, even though bitcoin is at risk of being misused, but actually bitcoin is much more useful if used positively.

It is true that it can help other people to earn some money but it is not that easy since to earn a profit out of these crypto currencies,  you should be able to have virtue of being patient. If you are not patient enough, you will not be able to earn money in the future. If the government banned them, I don't have any thing to object there since it is their decision, not mine.
sr. member
Activity: 1162
Merit: 251
November 09, 2018, 09:20:16 AM
#75
It seems to me that on the contrary - bitcoin is able to make the entire financial system much easier and more transparent. Transactions can be tracked, which means that criminals are clearly uncomfortable to use this currency. Therefore, you should not equate bitcoin to a criminal currency.
Even though the transaction can be tracked but we do not know who the owner of the address is and everyone is free to transact, this allows a dark transaction to be traced. We know there are many scammers in the online world that make it have a lot of risks in it, because bitcoin still doesn't have a center that can be used as a legitimate regulation. But so far the use of bitcoin is very good and there is not much bad news circulating about criminals using bitcoin, so with many investors, I feel there will be no banned on bitcoin.
I think that's what makes some governments in the world forbid or feel threatened when bitcoin grows in their country, because of the possibility of financial crime, because they can't track someone's transactions. but when the government has found a way to control and monitor users, of course the ban will no longer exist
sr. member
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
November 09, 2018, 08:47:30 AM
#74
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?

Actually, all of that are correct and the reason why some government banned it is it can be uses in some crime. But, there some government allowed to use it in their country because they see the potential and function of cryptocurrency. I hope in the coming future all countries will allowed and unbanned cryptocurrency because this thing will help to easier life.
jr. member
Activity: 252
Merit: 1
November 09, 2018, 08:15:59 AM
#73
aat the end of the day, all banning will lift, see how China ban and unban again and again.
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
November 09, 2018, 04:18:08 AM
#72
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?


I think if we want mass adoption on bitcoin, we need government regulation. Many country already allowed bitcoin as an asset and commodities and i think with regulation, bitcoin investor or holder more protected from fraud
member
Activity: 308
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
November 09, 2018, 01:59:33 AM
#71
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

       For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

       Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?


Bitcoin is not totally ban though, but there are certain countries that bans it from using crypto (if they catch you). Still you can go and  use it just don't be caught.

Maybe your country is not aware of Bitcoin already, but you are right you will be caught in these countries, because they think you are the scammer on the network of people. But you can move where you live through Japan or Korea ... that allows you to use bitcoin without being blocked.
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