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Topic: Bitcoin will be banned ?? (Read 3951 times)

legendary
Activity: 1862
Merit: 1004
November 18, 2015, 08:37:00 AM
#50

The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin
I won't be surprised if governments are already buying bitcoins in large numbers or owns good amount of it. If they are not doing this it will be wise for them to start now and create bitcoin reserve system similar to the one based on gold they already have.
full member
Activity: 133
Merit: 100
November 17, 2015, 02:56:01 AM
#49
We've been running this shadow economy for the last 5 years now. I'd say if you want to stop it, start with all the ponzi schemes. Take those down, we don't really need those. Governments can stop fiat to bitcoin exchanges, but they cannot take bitcoins away from people who own them. And you cannot really take down this "shadow" economy system that we have been operating. It's just impossible. Just good luck turning off the internet.

There is no reason to ban bitcoin at all. It is just a token or a kind of goods,  or credit points. All those things are legal in many countries. Those things can also exchange for cash or various currencies. the only difference between bitcoin and other goods is that bitcoin has finite supply unlike most currencies, thus the value will not drop all the time.
sr. member
Activity: 574
Merit: 250
In XEM we trust
November 17, 2015, 02:17:36 AM
#48
We've been running this shadow economy for the last 5 years now. I'd say if you want to stop it, start with all the ponzi schemes. Take those down, we don't really need those. Governments can stop fiat to bitcoin exchanges, but they cannot take bitcoins away from people who own them. And you cannot really take down this "shadow" economy system that we have been operating. It's just impossible. Just good luck turning off the internet.
member
Activity: 76
Merit: 10
November 16, 2015, 11:01:28 PM
#47

The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.


It is very risky for a government to use bitcoin, because the price of bitcoin is changing and the losses can be in millions or trillions of dollars, so it can be banned in some countries.

The government do not have to use the bitcoin. As long long as it allows its citizen to use bitcoin, we are happy.
legendary
Activity: 1540
Merit: 1003
November 16, 2015, 02:56:28 AM
#46

The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.


It is very risky for a government to use bitcoin, because the price of bitcoin is changing and the losses can be in millions or trillions of dollars, so it can be banned in some countries.
member
Activity: 76
Merit: 10
November 16, 2015, 02:44:47 AM
#45

The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.
legendary
Activity: 2492
Merit: 1018
November 15, 2015, 12:30:17 AM
#44

The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin
legendary
Activity: 3164
Merit: 1175
November 14, 2015, 10:26:22 PM
#43


One hundred people, one hundred different minds. One hundred woman`s, two hundread breast`s. What to add on this image, people will talk no matter what, and how budist`s talk u cant show a truth to a man, u can just show him the direction.
member
Activity: 76
Merit: 10
November 14, 2015, 09:50:33 PM
#42
not at all.nowadays some online shopping sites already accepted bitcoin as payment .after 2-3 years

bitcoin will be used all over the world even on mars.

There are more and more retailers accepting bitcoin. In 5 -10 years, bitcoin will become more widely used in the business. The value will increase.
member
Activity: 112
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
November 14, 2015, 01:23:37 PM
#41
not at all.nowadays some online shopping sites already accepted bitcoin as payment .after 2-3 years

bitcoin will be used all over the world even on mars.
newbie
Activity: 1
Merit: 0
November 12, 2015, 06:40:44 PM
#40
Bitcoin cannot be banned or controlled. It is a decentralized system, one person does not control the whole operation. If governments want to ban Bitcoin they will have to arrest every miner in the world, something that is impossible.
newbie
Activity: 42
Merit: 0
November 12, 2015, 03:50:23 PM
#39
This guy is just a huge pile of bullshit. Why would it be banned?
 
You can use BTC in just the same way as online payments, or can even convert it to them.
legendary
Activity: 2632
Merit: 1094
November 12, 2015, 07:05:11 AM
#38
Bitcoins can be banned in few countries but not overall so soon. If the currency continues to be misused by ISIS and other illegal activists, it will effect all of us. Even RBI are monitoring its use and till now nothing has been confirmed. It's just that every Government is desperate to collect taxes from each penny an individual has, bitcoin is viewed as black money.
legendary
Activity: 2282
Merit: 1035
November 12, 2015, 06:54:23 AM
#37
The head of a major bank hopes that bitcoin will be banned - does anyone consider this news? In your dreams, dude.

I have seen interview with head of Russian Central Bank (where Bitcoin is banned) and she says that they watch Bitcoin and they now that this low cost alternative is very attractive for citizens, so if it will be necessary they will prepare regulations. So we can clearly see that BTC is going in good way and slowly to mainstream.. even in Russia Wink
legendary
Activity: 1820
Merit: 1001
November 10, 2015, 04:29:08 PM
#36
Or so says Jamie Dimon. He seems pretty sure of himself too. What are your thoughts

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

JP is a total prick he hasnt got a clue what he is on about and all he wants to do is try destroying something he has no idea of and how it is improving country's and people an business as a collective. Good luck to stopping it even it is already banned in some places but have removed its restriction soon after and ones where it is banned still get access and use it. So it is far impossible to be stopped. If Barclys Bank are currently testing it out with charities then I think it will be simple to say Bitcoin is the future and Jamie Dimon is prick and nothing more than vapor with him. And JPMorgan can go fuck himself, he thinks its not regulated or wait UK have that covered and oh wait many other places have that covered to and actually support it with REGULATION IN PLACE. US n Morgan do not have regulations in place hence why want to bank it bunch of assholes. Regulate it have regulations in place to follow then you can follow like others. If not then GTFO Bitcoin
newbie
Activity: 18
Merit: 0
November 10, 2015, 03:40:31 PM
#35
Bitcoin is a commodity in USA, it is also treated as a property by IRS. Bitcoin is not subject to VAT as it is treated as currency in Europe.
newbie
Activity: 18
Merit: 0
November 10, 2015, 05:19:58 AM
#34
Bitcoin people, stand strong in your beliefs and remember your only enemy is the accuser that offers no workable, constructive solution or dialog.

Also without any shame (maybe a little Roll Eyes ) I am going to selfishly plug my two videos about Bitcoin and request you to share them if you can  Kiss
testing my luck ? please tell me if anyone think that I am breaking any guidelines by doing so ?

Video 1) A Bitcoiner's paradise - there is no way back now ! Bitcoin freedom is here.
https://www.youtube.com/watch?v=0DpAieJgm00

Video 2) What if Bitcoin is made illegal ? Bitcoin people - To succeed we must reject the illuminati and freemasons !
https://www.youtube.com/watch?v=vfq2WNgxInQ

Stay cool friends
legendary
Activity: 1279
Merit: 1018
November 05, 2015, 07:33:10 AM
#33
As bitcoinsatan said above, the only way a ban would have a real impact is if every country banned it simultaneously (not likely) but a US,EU,and china ban would certainly hurt.
Could someone elaborate on his plan to use the blockchain tech with USD. I presume he means a private centralised blockchain set up between the worlds banks.
On a side note 90% of the coverage on the media is more positive and mature this time compared to the last surge in 2013 when we had to listen to ponzi scheme accusations etc (although some threw in the MMM ponzi scheme as a reason for this surge)
newbie
Activity: 42
Merit: 0
November 05, 2015, 06:12:52 AM
#32
Bitcoin can not be banned directly but they will definitely find a way to convince people to loose their trust in bitcoins. also if you are using bitcoins understand that it is an investment which can either appreciate in value or depreciate. It is not 100% safe but all in all we risk every day.
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
November 05, 2015, 03:52:32 AM
#31
Or so says Jamie Dimon. He seems pretty sure of himself too. What are your thoughts

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

The chances of other countries following the banning is probably pretty high. Does that matter? Nope that doesn't matter the people in that country who used it before will continue to use it there is not much a ban will do for pre existing bitcoiner but will be a shame for new blood. There will be more and more regulation if nothing else.
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