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Topic: Can Bitcoin be ban? - page 8. (Read 2656 times)

hero member
Activity: 1372
Merit: 564
December 25, 2017, 06:29:35 AM
Honestly,I don't find any valid reasons and flaws to get btc banned in our country but there's still a possibility for it.However,the development and the demand for btc every year is still unstoppable,maybe the government could implement some counter measure but there's still some btc user who will disregard the law and continue what they've start
Yes because there is country whose banned bitcoin, maybe because they dont want there people to use because they know when they use it, they cannot control people. So they dont want to be against to them or they want to obey all people in there country.
member
Activity: 89
Merit: 10
December 25, 2017, 06:21:02 AM
Can Bitcoin be ban?

There are government trying to ban bitcoin but I think it is hard to ban bitcoin because there would be other ways to still invest with bitcoin. Our technology is very advance anything can be done thats why it would be hard to ban bitcoin.
member
Activity: 130
Merit: 10
December 25, 2017, 05:53:20 AM
It is something which is impossible to ban bitcoin as it is not something which is in connection with illegal.It is just an investment form so i don't bitcoin will get banned.
full member
Activity: 234
Merit: 100
December 25, 2017, 05:50:42 AM
Can Bitcoin be ban?

no way to ban, its is crypto  Wink
full member
Activity: 826
Merit: 104
December 25, 2017, 05:41:58 AM
govt can ban bitcon but usually ginancial institute accepting bitcoin.and next generation will go for bitcoin.who want paper money??bitcoin is best than paper money.
legendary
Activity: 1526
Merit: 1001
December 25, 2017, 05:39:52 AM
Currently there are some countries that prohibit the use of bitcoin, mostly because the government is afraid of the rapidly decreasing and rising bitcoin price movements. But there are also some countries that say that bitcoin is free to use. So everything goes back to the country, whether they will ban the use of bitcoins. Personally I might be a bitcoin user feeling ostracized if a bitcoin ban is imposed, but in the end we can still use bitcoin because bitcoin can be freely used by anyone in the world. The Internet is the path that makes us free to do anything.
member
Activity: 308
Merit: 10
December 25, 2017, 05:32:39 AM
Yes it can be banned by government if they want. Some of the countries are banning bitcoins because they want to avoid problems from the terrorist like selling of drugs and buying of weapons. Illegal transactions is the reason of why ico's has been banned in china and it really gives everyone a hard time because every coin in the market before has become dump in the market.
full member
Activity: 354
Merit: 100
December 25, 2017, 05:28:12 AM
The governments can try a lot of measures to ban it, but they will probably accomplish nothing more than pushing btc underground, which means governments will miss out on taxes. Due to this, it makes more sense for them to regulate it instead of outlawing it.
Yes ofcourse just like what happened in china. I dont think that the bitcoin is really banned there and i dont know what is the true reason why. For me, bitcoin is very helpful and useful especially in a payment system because the paying system is very fast. Through bitcoin the transaction is easy to do.
full member
Activity: 258
Merit: 100
December 25, 2017, 04:07:18 AM
It is quite possible to prohibit the walking of bitcoins in any particular country. So, on December 18, when bitcoyne climbed to $ 20,000, it was completely banned in Kuwait. As far as each state can take real steps to control its prohibition, it depends on the activity of a particular state in this matter. If it bans any exchanges, exchangers, sites connected with the crypto currency and this ban will be backed up by criminal responsibility for its violation, it can be quite tangible and many citizens will voluntarily refuse to seek ways to deal with crypto currency.
hero member
Activity: 2548
Merit: 605
December 25, 2017, 03:54:07 AM
Bitcoin cannot be banned but i can be prevented by the government to regulate and prohibit the people of that country. But trying to control bitcoin in order to ban it. I think it is not possible to do that. Since bitcoin is a complex mechanism it is very difficult to control it. Thys, the government can only prevent people by locsting them and imprison them.
I am sure that these countries will review their decision, because bitcoin is now becoming a universal currency and I think almost everywhere the users of bitcoin are present and still their number is increasing from time to time and that is the reason that japan made bitcoin as legal currency.

I am hopeful that after japan so many other countries will also turn bitcoin as legal currency. Because it is the need of the day.
jr. member
Activity: 104
Merit: 4
December 25, 2017, 03:50:42 AM
Honestly,I don't find any valid reasons and flaws to get btc banned in our country but there's still a possibility for it.However,the development and the demand for btc every year is still unstoppable,maybe the government could implement some counter measure but there's still some btc user who will disregard the law and continue what they've start
member
Activity: 266
Merit: 10
December 25, 2017, 03:19:53 AM
Bitcoin may be banned by the government because one country has its own policy, so bitcoin can be banned in some countries. But as long as the state does not prohibit bitcoin, then bitcoin holders need not worry ..
hero member
Activity: 882
Merit: 500
December 25, 2017, 02:28:54 AM
Can Bitcoin be ban?
I don't think that it is going to ban , This question I heard many times from.many newbie in my friend circle of practical life as well as of social media , I don't know why people are thinking in this way .
Here everyone knows that Japan is a very big country from the point view of technology , so we can understand that they can stop bitcoin through Thier technology but they can't because bitcoin is much secure and encrypted technology that cannot beat by anyone .
So only any country's government can make rule to not to use bitcoin but they can't stop bitcoin , so if you will have bitcoin after ban then don't get into fear and sell in forigen exchange directly ,
So forget this question that whether bitcoin will ban or not.
copper member
Activity: 490
Merit: 2
December 25, 2017, 01:34:56 AM
Actually we can't say anything.We have both possibilities.On one side BITCOIN has strengthened so much in some parts of the world that it cannot be banned there otherwise that part would loose most of its economical strength and on the other side countries like china had already banned BITCOIN and many people are going against it.
sr. member
Activity: 308
Merit: 267
December 25, 2017, 01:10:10 AM
Actually it depends on the country how they see bitcoin, We do have different perspective regarding the bitcoin, some of the countries look at bitcoin an opportunity for the country to increase its economy and some of the countries sees bitcoin as a threat to their country. Here are some of the list where bitcoin is legal and illegal: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Here are some of the reasons why other countries ban bitcoin.
* It can be used by the government or anyone to launder their money.
* They can't tax their people who works in cryptocurrency industry.
* The governments profit will reduced since they're in partner with banks and the cryptocurrencies is the number 1 enemy of the banks.
sr. member
Activity: 504
Merit: 250
December 24, 2017, 10:17:48 AM
For now I think all possibilities can still occur in bitcoin and ban the use of bitcoin, and this is certainly because so far the bitcoin legality as a digital currency has not got official legality, even some countries have banned it. The use of bitcoin even though this isn't a crime.
newbie
Activity: 9
Merit: 0
December 24, 2017, 10:15:12 AM
I have no idea about this. I'm new to this site. But in our country there is no permit for Bitcoin work. If the way Bitcoin's work is coming in the same way, then I do not think it will be missed.
member
Activity: 140
Merit: 10
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December 24, 2017, 10:12:45 AM
Can Bitcoin be ban?
This possibility won't fade until we go under the government. But that will lead us to taxation and lessen our money so this is not an option for us
newbie
Activity: 31
Merit: 0
December 24, 2017, 10:07:31 AM
Can Bitcoin be ban?
as long as bitcoin never use in illegal transaction and scamming bitcoin will never be ban for me.
member
Activity: 115
Merit: 10
December 24, 2017, 09:40:36 AM
Can Bitcoin be ban?

Definitely not. No one controls the blockchain, where bitcoins thrive. In order to ban bitcoins, one must know the true owner of bitcoins and make him/her ban ALL the bitcoins in the world, which is virtually impossible because of the shear volume and blockchain technology.

I really agree with you , No one can ban Bitcoin. The blockchain technology is a hard nut to crack and they will not be finding it easy to ban. who are they going to ban? is it the blockchain or the bitcoin or cryptocurrencies as a whole? so this will be difficult.
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