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Topic: Countries banning bitcoins - page 2. (Read 1747 times)

legendary
Activity: 4466
Merit: 3391
November 27, 2013, 06:48:46 PM
#24
Apparently they're banned in Thailand where I went on holiday, not sure what that entails though?

That turned out to be false, although it was still reported as true by many news outlets.
newbie
Activity: 42
Merit: 0
November 27, 2013, 06:24:24 PM
#23
The chinese citizens are buying btc, yes.

But the chinese gvt. Is not buying btc so don't start misleading people.

If the chinese incoming vendor ban is true, watchout.
legendary
Activity: 1736
Merit: 1029
November 27, 2013, 06:15:01 PM
#22
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

Really? I thought the China government were also buying.
Also, there is this one badass miner in China who mines like 50 BTC a day lol...
I heard that they also banned them in Thailand.
newbie
Activity: 5
Merit: 0
November 27, 2013, 06:09:29 PM
#21
Apparently they're banned in Thailand where I went on holiday, not sure what that entails though?
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
November 27, 2013, 06:07:44 PM
#20
Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.

Ban Bitcoin would mean not allowing any exchange to work and probably people offering Bitcoin on localbitcoins would risk fines/prison

Banning exchanges will just push the currency underground and people will trade it amongst themselves like they did in the beginning.  Fines/prison wont stop people. Drugs and theft are illegal and carry prison sentences, but people still commit the crimes.
newbie
Activity: 14
Merit: 0
November 27, 2013, 05:56:05 PM
#19
I dont think they will, or even could.
legendary
Activity: 1092
Merit: 1000
nahtnam.com
November 27, 2013, 05:52:55 PM
#18
I dont think they can, but if so I will just be a "outlaw" and still hold it. I have made some friend in Brazil, and Australia so I can get them to sell it for me if I need.
newbie
Activity: 42
Merit: 0
November 27, 2013, 05:09:04 PM
#17
These chinese gov. has done everything it could, to dethrone the dollar in a few years.

A couple of days ago the chinese gov
announced that they will no longer invest into FX exchanges (dollars, bonds, etc.)

http://www.marketpulse.com/20131120/china-longer-expanding-fx-reserve/

This shouldve made the news and been all over the headlines, yet everything is being pushed along and kept quiet.

The chinese are positioning themselves to pull the plug on the US dollar very soon, and I dont think that the Chinese Gov. Is going to allow Btc to ruin its agenda. I just read the Chinese Vendors will be banned from doing any transaction.with BTC (look it up at google.hk)

The chinese gov. Is buying all the precious metals it can (gold, silver) , and so should you.
member
Activity: 116
Merit: 10
November 27, 2013, 05:03:25 PM
#16
Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.

Ban Bitcoin would mean not allowing any exchange to work and probably people offering Bitcoin on localbitcoins would risk fines/prison
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
November 27, 2013, 04:58:46 PM
#15
Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.
newbie
Activity: 56
Merit: 0
November 27, 2013, 04:58:23 PM
#14
I highly think this will not happen. It would damage the currency a lot and there's no real benefit for the countries to do this.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
November 27, 2013, 04:53:33 PM
#13
Can that happen, some countries have been salivating at the idea

US Senate hearing seemed quite positive to me, I doubt banning is probable now

where did you hear the hearing?
is that even public? Cheesy

it was live on CSPAN2

I'm sure the video is on youtube by now
legendary
Activity: 944
Merit: 1026
November 27, 2013, 04:50:59 PM
#12
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes

Ha ha huh, no it doesn't smart guy.

The chinese gov. literally executes people who violate some of there most pety laws. Citizens are really scared to break the law there.

So much you know....

got me there   Cheesy
full member
Activity: 476
Merit: 100
November 27, 2013, 04:47:10 PM
#11
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

I hope its wrong... China has been a major reason for the current rise/bubble!!
full member
Activity: 196
Merit: 101
November 27, 2013, 04:45:23 PM
#10
Can that happen, some countries have been salivating at the idea

US Senate hearing seemed quite positive to me, I doubt banning is probable now

where did you hear the hearing?
is that even public? Cheesy
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
November 27, 2013, 04:42:51 PM
#9
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

link?
legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
November 27, 2013, 04:40:37 PM
#8
I can't see how they can be banned, unless Internet access is somehow pulled, though that still doesn't eliminate the issue. Of course you can impose prohibition on businesses accepting bitcoins, possibly? Anyway, here's hoping that this won't happen!
newbie
Activity: 42
Merit: 0
November 27, 2013, 04:36:05 PM
#7
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes

Ha ha huh, no it doesn't smart guy.

The chinese gov. literally executes people who violate some of there most pety laws. Citizens are really scared to break the law there.

So much you know....
legendary
Activity: 1639
Merit: 1006
November 27, 2013, 04:35:23 PM
#6
Bitcoin is the first. Infinite variants are possible. How can you regulate something you cannot define. Any attempt to define it will leave the door open for what is next.

Also, Once Bitcoin and alt coin markets get too large, the people that run the governments will likely all own chunks of crypto, I say 1 trillion is the point of no return. So a government could kill crypto currencies it but not once they gets too large.

Final point is that Bitcoin in no way threatens to remove the dollar or Yen from the planet. The USA will always require tax payment in dollars. You will always need to sell Bitcoin to pay your taxes, that includes sales tax if you are a business owner.
legendary
Activity: 944
Merit: 1026
November 27, 2013, 04:32:18 PM
#5
I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes
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