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Topic: Can Bitcoin be ban? - page 25. (Read 2658 times)

member
Activity: 182
Merit: 13
December 09, 2017, 10:14:22 AM
#27
Sure it does. But it could still work underground.
The government is still not capable of tracing all the transactions that will happen in their own country.
Plus it is the internet, there are vpn's and proxies that could help so that you will not be traced. It might be happening now to other countries but are they so sure that nothing is happening underground.
legendary
Activity: 2716
Merit: 1017
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December 09, 2017, 10:10:39 AM
#26
It's possiblly can, today there are many countries that opposed with Bitcoin currency. If all the countries together ban Bitcoin it could happen. And now there are many countries that also support Bitcoin.
member
Activity: 105
Merit: 10
December 09, 2017, 10:10:32 AM
#25
It can be banned but such a ban would never be effective since it is decentralised. At best it could wreck havoc on the prices of bitcoin by closing down the main exchanges but it would always continue to function beneath the surface.
member
Activity: 62
Merit: 11
December 09, 2017, 10:09:16 AM
#24
if no government accepts bitcoin, we could be confronted with a big problem, technically it can not be banned, but it can be limited
member
Activity: 532
Merit: 13
December 09, 2017, 10:07:38 AM
#23
Bitcoin has been banned in some countries can't remember the name now but read about it, but to say bitcoin has a name and all what it entails been banned have not seen that been visible or happening in along time from now
member
Activity: 64
Merit: 10
December 09, 2017, 10:04:45 AM
#22
Can Bitcoin be ban?
Bitcoin cannot be banned but governments can restrict exchanger websites in their country so people dont have where to buy or sell bitcoin. If all countries would bann their exchangers it is going to be hard for people to exchange bitcoin between themselvs.
No Bitcoin canot be banned
member
Activity: 719
Merit: 10
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December 09, 2017, 09:54:47 AM
#21
Technically the government can ban bitcoin in full. But if everyone can not be banned, because it is always looking for ways to use it.
full member
Activity: 462
Merit: 100
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December 09, 2017, 09:50:41 AM
#20
Literally, some country already ban bitcoin like for example is China. If you want to indicate it as banning it worldwide, that is nearly impossible. Many country already adopt the main purpose and idea of bitcoin. As of now, people believe and trust bitcoin as their asset and for some as their extra earnings. If there are some people (or country) really have the urge to ban bitcoin, this could be war (not literally). There would be a lot of petition and protest that might emerge and misunderstanding between people who believes in bitcoin and to those who not might collide. Hopefully, this theory wont happen.
member
Activity: 251
Merit: 10
December 09, 2017, 09:47:16 AM
#19
Governments wanted to ban it but it has happened that to the contrary effect people already see as an asset to bitcoin with a good investment and banks and governments are scared
sr. member
Activity: 635
Merit: 251
December 09, 2017, 09:40:09 AM
#18
They can't ban the network. But they don't need to. They just need to ban exchanges and make it illegal to cash out for fiat.
full member
Activity: 147
Merit: 100
December 09, 2017, 09:38:00 AM
#17
I dont think that governments can be ban bitcoin. They can use word of mouth but they cannot stop us from trusting and loving bitcoin  Grin
full member
Activity: 826
Merit: 104
December 09, 2017, 09:35:45 AM
#16
bitcoin can be ban but its rising cant be ban
its not only bitcoin its a part of blockchain.
sr. member
Activity: 1694
Merit: 268
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December 09, 2017, 09:26:12 AM
#15
Can Bitcoin be ban?

Bitcoin already has banned by many government.Because many people are abusing it.Since bitcoin transactions are untraceable so many criminals are using bitcoin for their favour.In my country bitcoin is banned from 2014.And the law said if anyone found using bitcoin then he/she will sent to jail for 8 months atleast.

Our government has banned some bitcoin related site/wallet/exchange site etc.But still people are using bitcoin by VPN.
member
Activity: 162
Merit: 14
December 09, 2017, 09:12:27 AM
#14
Can Bitcoin be ban?
no it not possible.If internet can stop anyone,than might be it possible ban bitcoin. without that,its not possible.
hero member
Activity: 574
Merit: 503
December 09, 2017, 09:11:25 AM
#13
I think a country's government has the power to bitcoin banning, but nobody can ban bitcoin for the whole world. So the answer can be yes, or not. Your question is too short, so I'm a bit confused to answer it. In essence, the government can ban bitcoin, but the world does not.
hero member
Activity: 2996
Merit: 580
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December 09, 2017, 09:11:02 AM
#12
Can Bitcoin be ban?

Yes, it's possible. Bitcoin can be banned from some countries but people who loved bitcoin will always find a way to use this. They can banned bitcoin, but the government or no one can ever stop us from using it. Even if they banned it, we will still surely use it. So banning bitcoin from countries will be useless. They can never control people.
newbie
Activity: 9
Merit: 0
December 09, 2017, 09:10:48 AM
#11
No, bitcoin can be tried to ban, but technically it's impossible to organize. it is not impossible.   
newbie
Activity: 60
Merit: 0
December 09, 2017, 09:06:47 AM
#10
in the present, bitcoin is widely used, many people work using bitcoin, so if bitcoin is prohibited it will cause harm to many people
legendary
Activity: 1596
Merit: 1011
December 09, 2017, 09:06:25 AM
#9
Technically, governments can ban the Bitcoin-related activities such as exchanging it against fiat currencies but practically it is impossible to do that in my opinion. In worst case scenario, the governments will try to monitor the transaction history of users by accessing a database of the domestic exchanges to determine the tax liability but I do see a rare chance of levying the complete restriction as I mentioned earlier.
The government has full power and they can do whatever they want. the government now considers Bitcoin a threat because the very fast price movement of bitcoins could disrupt the stability of the economy in their country. So the public should be able to play an active role to be able to socialize Bitcoin and never use Bitcoin to conduct illegal deeds because it can make integrity and trust in Bitcoin is increasing.
sr. member
Activity: 308
Merit: 267
December 09, 2017, 09:05:40 AM
#8
It depends on the country there are a lot of countries that see bitcoin as a threat to the economy. There are many theories about how this will affect the society, that's why many countries try to ban this cryptocurrency before it can conquer a country, here are some of the advantages and disadvantages of the bitcoin to the society. (It's just according to my theory or my own opinion)

POSITVE:
• It can help the economy or the society to reduce the unemployed.
• The price is changes from time to time.
• Anyone has an access to it.
• Easily transaction whenever you want, whenever you are and whoever you are.
• Low transaction fee.
• Can be use as a mode of payment.
• Many people can earn that can sustain their family.

NEGATIVE (This is probably some of the things I've considered as a threat to government)
• The black market may become powerful since we are anonymous in the internet we can make illegal transactions using bitcoin.
• Corrupt people may use bitcoin to hide their money.
• Some of the poor ones can't have an access to it. Because the minimum requirements is internet and gadget.
• They can't tax to users who earn bitcoin because we're anonymous and therefore the tax will be reduced and the government may fall.

So far here are some of the things in my mind about the effect of bitcoin to a certain country and if you're wondering what countries ban bitcoin you can check it here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
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