Topic: Can any government ban Bitcoin? - page 14. (Read 3343 times)

It is possible, Having that said "ABSENCE OF INTERNET". Didn't you know that the Government or a Government can manipulate everything in their country? The Internet is a utility in which a Government can advise the provider to limit access or to prohibits its citizens from using it. Also, Let say that the government didn't shut the internet down though they can still block any websites that are connected or related to cryptocurrencies.

 Goverments can ban BTC for their own interest. BTC prohibition of China government is the most common topic nowadays. These situations are based on the relationship of interest.

Yes they can ban bitcoin but they can never avoid people not buy bitcoin because it is not traceable.And no one can stop its growth

Yes,  they have a authority to do this since they have the power but it was limited only if the company of bitcoin involves in illegal activities.

The answer is absolutely yes. Because in some countries, the goverment hasnt accepted Bitcoin yet until now because they think Bitcoin is illegal virtual money which could be used by crime to make some illegal crimes such as buying and selling dug, gambling, etc

actually they can't ban it but they can add some regulations and restrictions that's all i think they can do.

No. Bitcoin can't be controlled by anything people even the goverment. Bitcoin is peer to peer fully decentralized.

We can not control what the government should do because of putting law into place we can not do but hopefully before the government banned the bitcoin they would think it would be a lot to cooperate or if they would like to make a tax for such a

The government could have banned the use of bitcoin, but the government could not stop the flow of bitcoin, which is a virtual currency that USES the Internet to circulate.

Bitcoin is around the fringes of the financial markets for less than a decade, but gradually gaining popularity as an alternative asset type. so for me it is not possible to ban the goverment 

So Many countries in the world has banned the transaction by announcing but its transaction in unstopped.

Yes , can any government ban bitcoin they only in country . But government can not full stop to all bitcoin user's and transactions. government can stop bitcoin investors and users. Goverment can stop there bitcoin mining companies.  Government can stop there country full bitcoin transactions and networks is it possible ?

Eyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin – and its alt-coin contemporaries – in a way that could impede its progress.

I think yes, any Government can Banned Bitcoin any time in there country user only. Because government don’t have any benefit from Bitcoin user.

Warning, there is a great deal of cynicism in this reply.

 Major governments will not ban bitcoin until or unless they possess a great deal of it.

The purpose of bans, whatever the public spin might be, is to drive the price of the market upwards and create a mechanism of control. Governments, whatever their form, exist for ONE purpose: Ruling over the masses for gain. Not YOUR gain, THEIR gain.

Cocaine is a great example, and the US government was not that long ago cynical enough to 'admit' it in a left handed sort of way.

As late as 2010, the DEA regularly posted the street price of the drugs that kept them in business, with increases being considered a victory in the war on drugs. Which, as any thinking person knows, is a war on PEOPLE. Drugs do not man the cannon, plan the battle, nor have any means of effecting a victory or loss, they are just things.

It costs considerably less to make Cocaine than it does to make sugar. Compare the prices. EVEN given the smaller market subset, the price is kept artificially high because ONE dangerous white powder is banned, and the other is not. Does the ban stop the flow of money and cocaine? No. If anything, it accelerates it. Because in the areas where it's desired, people pay the premium, and those willing to take the risk, the EXTREME risk, will get it to them. Because it's banned, the settlement of disputes is often violent.

We've already seen the same thing in Venezuela with Bitcoin.

I doubt very much that there will be any sort of global ban, as right now its utility to governments is there, and the risk is low for them to just let it happen, or regulate it rather than an outright ban.  But can they do it? Hell yes they can. It WILL NOT affect the production and dissemination of bitcoin in a major way, but it will raise the risk and raise the price.

Some countries, their government have already ban bitcoin because it used in illegal transactions like drugs and weapons.

There are many reasons for this.
First of all, digital currencies such as bitcoin are not issued by the state and cannot be controlled by the state.
Second, digital currencies such as bitcoin are anonymous, and are used by many criminals to commit crimes, causing a lot of trouble to the government.
Then, bitcoin transactions do not pay taxes to the country, the country does not have any benefit.

Bitcoin is not weak. It's a technology that thrives on attack, "Tucker said. "It was smeary, but it only made it stronger and better. This is why critics lose face constantly, and find many reasons not to admit it. "
Governments can slow down the process of accepting virtual money, by controlling and adjusting the exchange floor. Another method is through taxation. The blockchain itself can not be controlled but the national institutions surrounding it can.

(*) Jeffrey Tucker, a prominent economist and founder of the Foundation of Economic Education (FEE)

I think on govermant level it is possible  to issue special laws and regulation documents however it is impossible to control using  bitcoin among the society

No, it's impossible to ban Bitcoin because it is universal and everywhere . It is decentralized and owned by no one. The only thing can ban Bitcoin is the absence of internet.