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Topic: Can a country actually ban BITCOIN - page 9. (Read 1028 times)

member
Activity: 392
Merit: 12
The Fourth Generation of Blockchain in DeFi
January 13, 2018, 11:46:17 AM
#58
I cannot understand how btc can be banned if it wasn't accepted as a monetary unit. And due to the fact that Blockchain is decentralized,  it is hard to ban people use Internet.
full member
Activity: 322
Merit: 100
January 13, 2018, 11:37:31 AM
#57
If bitcoin transactions are used for negative things, the state can definitely prohibit its rotation ...The government is concerned and is still concerned about the risks of using bitcoin by the community. This is because sniffing the potential for bitcoin fraud is used for unlawful acts, such as terrorism, money laundering, prostitution, and drug trafficking.
Then about the rumors we must take it seriously, because it is true there is a group of people who want to reap the benefits.
newbie
Activity: 168
Merit: 0
January 13, 2018, 11:24:34 AM
#56
That's an interesting question.

But it's also interesting to see if they can actually fully ban it. For example, if they ban btc alone people would just flock to another crypto. If they ban crypto in general (or try to anyway), people might think of an alternative (vpns, undeground, etc).
newbie
Activity: 36
Merit: 0
January 13, 2018, 11:19:51 AM
#55
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
no  Free trade
member
Activity: 252
Merit: 10
Telegram: https://t.me/ViolaAI
January 13, 2018, 11:16:44 AM
#54
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
As far as a country can not ban internet, a country can not ban bitcoin. Even when they try to clamp down on bitcoin operations in the country, the much they can do is to clamp down on the ones with physical offices.
full member
Activity: 476
Merit: 100
January 13, 2018, 10:55:18 AM
#53
Yes, A country can ban Bitcoin if they feel it is inimical to their economy. Then  enforcement of the ban will be another task for them to achieve the ban's effectiveness. 
full member
Activity: 238
Merit: 102
REVOLUTIONIZING THE TRAVEL INDUSTRY
January 13, 2018, 10:52:54 AM
#52
Yes they can if they find bitcoin a threat for the economy. How? They stop the local platform that transacts bitcoin by converting btc to local currency, with that, there is no way for the people to use their bitcoin in the real world. But that does not mean they can ban bitcoin entirely, unless they cut off all internet access nationwide.
full member
Activity: 266
Merit: 114
January 13, 2018, 10:51:59 AM
#51
By law, a country can ban anything in which they find danger. And for now, many countries think that bitcoin is a danger to its economy and also somehow encourages illegal activities. But even if bitcoin is banned in some countries, there are other countries that encourage using bitcoin and so the people living in the countries in which bitcoin is banned can trade through bitcoin without the government knowing. So, bitcoin can be banned, but its usage can't be completely terminated.
newbie
Activity: 170
Merit: 0
January 13, 2018, 10:47:56 AM
#50
Yes it can because every country has a different regulation and we can blame on our government. Just follow the rule but  i think if the goverment thinks clearly they will let us join to this crypto
full member
Activity: 308
Merit: 100
BIG AIRDROP: t.me/otppaychat
January 13, 2018, 10:39:39 AM
#49
Bitcointalk is just an forum why would they ban it? This forum is made for giving information or news not only for bitcoin but all the crypto currencies too.
member
Activity: 98
Merit: 10
January 13, 2018, 10:35:01 AM
#48
in my opinion, this is just big player, they make an announce this big, the market fall, they buy and resell earning million, they doo't have ways to stop bitcoin, when you ear news of this kind buy

I am thinking same too... If you observe, the negative news do come our almost same time.
full member
Activity: 308
Merit: 106
January 13, 2018, 10:31:09 AM
#47
in my opinion, this is just big player, they make an announce this big, the market fall, they buy and resell earning million, they doo't have ways to stop bitcoin, when you ear news of this kind buy
member
Activity: 98
Merit: 10
January 13, 2018, 10:29:48 AM
#46
Funny enough.. btc cannot  be ban by any country, unless they ban the internet.

My thoughts too. But the ban can only be on acceptance and restrictions of some sort. But those does not mean individuals cannot still participate in coins.
member
Activity: 1022
Merit: 20
RiveMont
January 13, 2018, 10:29:27 AM
#45
Bitcoin is a decentralized and borderless technology that you cannot touch, i do not think that it can be banned, even if any Government bans it, it will still continue underground.
full member
Activity: 383
Merit: 100
January 13, 2018, 10:27:18 AM
#44
yeah, I think it's just their game in order to make bitcoin prices go down and they can get big profits. I see that if a country does not approve of the existence of bitcoin then more and more countries will believe in the future of bitcoin.
legendary
Activity: 2730
Merit: 1288
January 13, 2018, 10:25:46 AM
#43
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.

I think every country can do what they want as long it is in limits of law in their country. Bad laws usually get oweruled by constitutional court if not before. Constitution is highest law of every country and it defends your rights.
member
Activity: 1302
Merit: 25
January 13, 2018, 10:24:48 AM
#42
Outright ban might be difficult but restrictions might scare people or investors away thereby causing a very low patronage.
Another angle could be minning too but unfortunately, not all countries have minner so this will really make it a difficult task since it is decentralized.
sr. member
Activity: 840
Merit: 266
January 13, 2018, 10:23:42 AM
#41
Hmm , Any country can ban Bitcoin and any cryptocurrency they want , They will just make rules to prohibit it . But that does not means they will success on this , Even with prohibiting certain currency still any one from this country can  use but just not in open .

So yes they have the right to ban any currency

But they really can not do  .  Roll Eyes Grin
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
January 13, 2018, 10:22:33 AM
#40
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
it can be ban by goverment regulation but dont think thats would make people stop investing on bitcoin. there is a lot way to disburst bitcoin to become money. people would use vpn and anything related to money such as paypall to disburst it and bitcoin still runing and not banned . so despite ban that could be done by goverment, its not powerfull enough to stop bitcoin.
full member
Activity: 378
Merit: 103
January 13, 2018, 10:20:48 AM
#39
I don't think it is possible, I think governments will try to run their own cryptocurrency
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