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Topic: Curbing Blockchain evolution? - page 2. (Read 273 times)

legendary
Activity: 3472
Merit: 10611
January 17, 2022, 06:51:53 AM
#3
The governments can ban bitcoin and a handful of them have already banned bitcoin. But the important distinction is that you can never prevent anyone from using a decentralized money.

You know how the United States tried to ban illegal drugs?
That's a bad example because it is a negative thing all over the world and by any logic. Whereas bitcoin is not only positive but also it is accepted in most of the world. A better example would be banning certain P2P networks such as banning torrent that is not negative by nature.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 17, 2022, 06:23:28 AM
#2
Specifically, a certain country's government can definitely illegalize Bitcoin, probably scaring most of the masses into not owning bitcoin and effectively negatively affecting the price, but they can't effectively "ban" it unless they shut down the entire internet(but then we got satellites and shit).

You know how the United States tried to ban illegal drugs? Yea, didn't go well, ain't it? And now we're talking about Bitcoin, which is something digital and can be private(if done correctly). Best of luck to them if they wanted to kill it.
newbie
Activity: 84
Merit: 0
January 17, 2022, 05:42:17 AM
#1
The concept of blockchain technology with rise of Bitcoin in 2009 which has created a decentralized ecosystem where the transactions are peer to peer while bypassing third parties & their heavy commissions. The transactions are executed with fast speed and low cost also there is full transparency with a comfort that the user is not required to reveal his/ her identity. The moral is that you are having full control of your assets and can do transactions as per your will.
Further as more and more people are interested and using blockchain technology so what is the meaning of banning bitcoin/crypto? Can anyone ban bitcoin in reality or its a part of fud which is created repeatedly every 2/3 months to keep out weak hands and took advantage?
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