bitcoin legal vs illegal ??? | Bitcointalksearch.org

Lancusters

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Quote from: chineseprancing on December 04, 2017, 10:50:58 AM

Quote from: BlackPanda on October 18, 2017, 08:44:17 AM

Quote from: btc-facebook on October 18, 2017, 05:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Actually bitcoin or any crypto currencies are not legal in our country, but it is also not illegal because even crypto currency in our country are not covered by the government, they can also followed to the rules and regulations of our country. So meaning to say using bitcoin or any other altcoins it is not prohibited to used.

Definitely our country are very thankful to the crypto currencies because using of this currency some jobless in our nation were got work thru help of them.

If the unemployed get a job using bitcoin it means that they have a good education. I guess we can't call them unemployed in the classical sense. They just don't agree with the wages they offer and do not want to work. Bitcoin now can really bring a good profit. The state can not compete and therefore will apply repressive measures to the users of bitcoin.

chineseprancing

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Quote from: BlackPanda on October 18, 2017, 08:44:17 AM

Quote from: btc-facebook on October 18, 2017, 05:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Actually bitcoin or any crypto currencies are not legal in our country, but it is also not illegal because even crypto currency in our country are not covered by the government, they can also followed to the rules and regulations of our country. So meaning to say using bitcoin or any other altcoins it is not prohibited to used.

Definitely our country are very thankful to the crypto currencies because using of this currency some jobless in our nation were got work thru help of them.

jungwong

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Bitcoin is NOT currency and never will be. Can you buy stuff with it - yes. Is it legal -yes, who can forbid to sell something in exchange of anything?

carlfebz2

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Quote from: ?? on ??

The key problem is that bitcoin is a huge and better competitor for the fiat money system of the banks who owns the governments. In many cases the total debt of a country is similiar to what this country has paid as interest for money they have borrowed from the private banks. In other words, if governments wouldn't borrow money for interest from banks, then the total debt of a country could be zero and there would be much more money available for the people.

So if a country declares bitcoin as illegal, then because it's a dangerous system for their money printing system and not because you have the option to use it anonymous. And as several countries already declared it as legal confirms that the possible anonymous use of bitcoin is irrelevant for this decision.

This is true on which there would be always a friction among two things and this is why banking system do really see bitcoin as a competition but yet some wont really bother at all because they know that people or community would still able to stick on traditional ways that they know specially if its backed by the government.Come to think off that most people would really always rely on those things that being legalized or backed by them.

WhiteOutMashups

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Quote from: pawanjain on March 05, 2017, 11:29:38 AM

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

Changing the core blockchain design is never the way forward. None of it would be where it is today without it. It is the legal framework and mindset that needs to be changed, not any parts of the technology.

Awnar

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Quote from: BlackPanda on October 18, 2017, 08:44:17 AM

Quote from: btc-facebook on October 18, 2017, 05:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

Well its not like they use it illegally but usually users of bitcoin are unknown so their is a probability that people would use it bad purpose. That why some exchange sites or even wallets are strict on implementing 2f authorization. Some also do not agree about giving personal info but its better be secured than getting hacked.

BlackPanda

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Quote from: btc-facebook on October 18, 2017, 05:39:39 AM

That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lots of people are not responsible for using bitcoin. they use bitcoin for a crime. I also use bitcoin at this time and in my country there has been no legal or illegal action of bitcoin. it all depends on yourself, because I'm sure when we use bitcoin well then we will produce good thing and when we use bitcoin for negative actions then I am sure bad thing will happen. indeed it will not happen at this time, but it is all because we get the results of what we have done.

btc-facebook

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That's why my government still not legalize bitcoin yet as I know bitcoin untracable and it become the advantage for corruptor which my people are against with them.
Although bitcoin still not legalize yet but I still can use bitcoin with my own risk !

Lancusters

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Illegal activity is the prerogative of law enforcement agencies. Find and fight crime is their job and they get paid. They use bitcoin or Fiat, it doesn't matter. To accuse bitcoin of all sins is an attempt to avoid responsibility for inaction. That's why I do not feel guilty that you don't pay taxes. The government inefficiently spends my taxes and I have no way to change it. Maybe bitcoin will force officials to think about it?

orions.belt19

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Quote from: jekjekman on October 12, 2017, 12:01:14 PM

Bitcoin is a digital currency and just like any other Fiat or local money it has an evil side so there is a legal and illegal side also, for me it is just the purpose on where will you use that money or where did you get it because at the end of the day it has already have a value so it can be exchange for something that is good or bad.

I can't really understand those people saying that Bitcoin is for terrorist, criminal, and evil doings. It is just like all the people that is going to the church is so clean that they didn't even do any bad things in their life or even after they made a prayer. There is a saying that 'Money the Root of Evil' so it is what it is.

It really depends on the person or user as to whether how they will use it and determines whether it is for good or bad. Even fiat money which is considered legal and recognized by jurisdiction, transactions are tracked, yet may still be used for illegal activities. Even if it were to be traceable and made legal just as OP said, it may still be used illegally if the user had the intention to. Making it legal and creating regulations may only prevent it.

It's a misconception that bitcoin is used solely for illegal activities such as buying drugs and the like although there is some partial truth to it. It's nature makes it seem like it is used for these kind of things and it's sad that is being falsely associated to illegal acts.

legendbtc

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Quote from: jilani on September 28, 2017, 01:55:24 AM

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

People are not using wisely and makes Bitcoin as illegal, I think very people are crashing the reputations and makes Bitcoin is illegal activity. I think many people are using it wisely and making legit transaction with Bitcoin and I don't find any negativity in it.

SvenBomvolen

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Quote from: glowing10 on October 11, 2017, 02:10:27 PM

Quote from: jilani on September 28, 2017, 01:55:24 AM

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

There are few countries where btc is illegal because their government does not want to promote them as they consider that they will not be able to regulate and control it. Thus it could be a national threat if it can be misused it. So in order to avoid such situation they prefer to ban it.

Call me all those countries who admire Bitcoin as illegal. I must be don't know any, cause of I didn't hear that any country would ban Bitcoin or admited it as illegal. Yes, they are admiring ICOs as illegal and exchangers, but not Bitcoin and crypto-currencies :-)

pri3oner

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Why do u ask this question? The answer depends on the time. It will take years to become legal. As someone has said the answer depends on mentallity of the country, economic situation and so on. Every new technology (if we can call it so) has its own advantages and disadvantages like being viewable by everyone (blockchain) vs multiaccounts. Every modern convinince like online banking has pros'n'cons = white'n'dark sides of using it for people. I mean lawful human vs hacker. They both use this system but the goals are different. Summarizing my opinion I'd conclude that ur question will be answered by itself in the near future.

AmXProX

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Quote from: glowing10 on October 11, 2017, 02:10:27 PM

Quote from: jilani on September 28, 2017, 01:55:24 AM

Just stupid peoples say Bitcoin is illegal.I believe Bitcoin is legal every sector.But i something heard Bitcoin is illegal for few asia countries such as Bangladesh.But i don't know why Bitcoin is illegal in this country.

There are few countries where btc is illegal because their government does not want to promote them as they consider that they will not be able to regulate and control it. Thus it could be a national threat if it can be misused it. So in order to avoid such situation they prefer to ban it.

I think Nepal is the only country that considers it illegal, other countries are just prohibiting trading bitcoin but you will not be penalized if you possess it.

jekjekman

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Quote from: Qartersa on October 12, 2017, 12:33:21 PM

It can be both legal and illegal depending on where you reside vis a vis the laws in force in your country of residence. Mind it when the prohibition applies to you. Also, mind it if it applies to whom you transact with to protect your interests. In short, we have to be mindful of our transactions so we know if we are gambling or doing business at our own risk.

Yes! for now bitcoin is still on it's honeymoon stage, not all country officials are considering it as a true currency, no rules or laws are being specifically applied to it. Maybe in the future they will be more strict on regulating exchanges for BTC.

drm

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Quote from: pawanjain on March 05, 2017, 11:29:38 AM

At one side we are saying every transaction in the Bitcoin is free to see by anyone ( which is really a thing which increases our trust , faith in the Bitcoin )

but opposite of this
most of the wallets have the service of multiple address.
like mysellium which has a property of change address after every transaction .
And also blockchain whose address per hours per minute changes .

Do you think guys that to make Bitcoin more legal the option of varying address should be removed from the Bitcoin network and make it tracebale at every point .

Bitcoin = freedom

Everything that goes through banks is already trackable (most of the btc are as well I guess), but why would we want bitcoin to become similar to that?

Qartersa

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It can be both legal and illegal depending on where you reside vis a vis the laws in force in your country of residence. Mind it when the prohibition applies to you. Also, mind it if it applies to whom you transact with to protect your interests. In short, we have to be mindful of our transactions so we know if we are gambling or doing business at our own risk.

jekjekman

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Activity: 378

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Bitcoin is a digital currency and just like any other Fiat or local money it has an evil side so there is a legal and illegal side also, for me it is just the purpose on where will you use that money or where did you get it because at the end of the day it has already have a value so it can be exchange for something that is good or bad.

I can't really understand those people saying that Bitcoin is for terrorist, criminal, and evil doings. It is just like all the people that is going to the church is so clean that they didn't even do any bad things in their life or even after they made a prayer. There is a saying that 'Money the Root of Evil' so it is what it is.

Rajamuda

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Legal or illegal in bitcoin transactions, not so affect to me and so far I'm still safe in bitcoin transactions and I've never do inappropriate actions in transactions bitcoin. Well hopefully everyone who uses bitcoin can continue to act properly in transacting bitcoin (not doing a crime in it) in the transaction, that's can be said illegal.

Kingofbitcoin12345

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Op has a point in which why do exchanges keep on changing its bitcoin address every now and then.. Maybe it’s high time for the government to make a move to change this practice for those criminals would be easier to be traced.. In the end of the day,, it will help the community to trust bitcoin when we are cooperative enough for the security of all..

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