Can any government ban Bitcoin? - page 36.

Risktaker31

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Quote from: Lmaooo on November 27, 2017, 03:38:58 PM

Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.

You are correct there dude bitcoin cant be controlled by anything people even the government Because of its quality and features . I think government can only do is make a regulation about how the people use it or make a law that will govern how to use bitcoin.

jekjekman

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Quote from: nhoj25 on November 27, 2017, 02:57:05 PM

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

Any country in the world can ban Bitcoin in their jurisdiction but they can't really stop their citizens as there is so many ways to access Bitcoin if the people insist in using it.

I don't see any reason for any government in the world to ban Bitcoin because it's not an illegal type of digital money even though bad people can do different kinds of cyber crime with it but that's not a valid reason for me as FIAT money can be use too in making bad activities.

Titanos

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Any gov can ban using and dealing with cryptos in its country but i don't think it really matters. They can't control it.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Theoretically yes the can ban it but they can not stop people from using it because its easy to use a vpn to hide you digital foot print and if the government really wanted to enforce this, it just might turn out to be an expensive operaation which can be seen as a waste of tax payers money.

Emoclaw

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Quote from: nhoj25 on November 27, 2017, 02:57:05 PM

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

They could ban it in the sense of declaring possesion of Bitcoin illegal.
However they can't really block it. It's simply not possible to do without blocking the Internet.
Even if they try to seriously cripple the experience by blocking all Bitcoin-related services, people can always use some sort of circumvention technology like VPNs or Tor to access such services.
I'd say that it's pretty much unstoppable.

Cyberczar

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It is possible for any government to ban bitcoin. Banning it would mean that people can no longer use the digital currency within that country's economy. There won't be exchanges to convert to fiat and no businesses would openly accept it. However, it'll be sold in a sort of peer to peer black market. And be used for international transactions between that country's citizens and those from other countries. This is based on the presumption that that country wouldn't cut their citizens off the internet.

setifien19

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To be more specific, governments can just forbid the use of Bitcoin and cut the access to bitcoin exchanges and wallets in their local area , they can not ban bitcoin since it's treated in a decentralised way ( the is no control )

Aleksabit

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Eu, like any other state, definitely can not be bitcoin, but it does not have any control from other countries, but if that happens, it will not happen soon enough. Bitcoin is growing and growing stronger ... Grin

kueyen

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Quote from: Dexion on November 27, 2017, 03:35:51 PM

Quote from: User365 on November 27, 2017, 03:25:59 PM

Yes, of course, this can occur, but I think it is very unlikely right now.

EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China Cheesy

yes, I agree with your opinion, it will happen but not today, because today bitcoin is getting stronger.
but I would argue that it will happen if someday the bitcoin weakens in dying conditions. and it's hard to predict ..

Not sure if I got that correct. Why would the governments want to ban bitcoin if it is losing power? The reason governments are thinking about how they can deal with bitcoin is because bitcoin has a lot of value right now and people are taking their money off the grid to invest in it. If bitcoin becomes irrelevant in the future, there is no need for governments to monitor it because the market cap and trade volume will be negligible.

Erkallys

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They can not actually ban it by making it unable to to be reached, but however any state in the World can perfectly make it outlaw and then sentence anyone who would be caught using it. Hopefully the fashion is more to the legalisation lately than the ban.

Lmaooo

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Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.

Dexion

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Quote from: User365 on November 27, 2017, 03:25:59 PM

Yes, of course, this can occur, but I think it is very unlikely right now.

EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China Cheesy

yes, I agree with your opinion, it will happen but not today, because today bitcoin is getting stronger.
but I would argue that it will happen if someday the bitcoin weakens in dying conditions. and it's hard to predict ..

User365

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physics, mathematics and engineering

Yes, of course, this can occur, but I think it is very unlikely right now.

EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China Cheesy

nhoj25

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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

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