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Topic: government and bitcoins banning - page 4. (Read 3004 times)

hero member
Activity: 1274
Merit: 516
October 09, 2017, 11:07:18 AM
China doesn't banned bitcoin but want to legalize and make regulation for the exchanger, and it is possible for any country to banned bitcoin

If you see the government point of view, bitcoin doesn't give any positive things, the income tax decreasing the purchasing of illegal things become harder to track, but bitcoin maybe can become the future currency because the usage is keep on increasing
full member
Activity: 391
Merit: 100
October 09, 2017, 11:03:39 AM
i think there are lots of untruths circulating around regarding china, bitcoin and exchanges. I was of the knowledge that china issued a temporary ban on exchanges and now they will have to apply a license to operate. so i would imagine a bitcoin ban would be related to the exchanges. why would china ban bitcoin when we see the likes of japan and australia and south-korea moving positively for bitcoin? so much panic at the moment

China only banned the exchange of Bitcoin, for I know it was just temporary, just think, if a country want to compete when it comes to innovation and economical progress, why would they ban something that moves them positively? Also, there are rumors that they are planning to have a cryptocurrency of their own, let's just get some more news and updates regarding about China and Bitcoin.
hero member
Activity: 980
Merit: 500
October 09, 2017, 09:34:51 AM
Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.
In my opinion, the effects of banning by China are already over. Bitcoin has started to make a progress again and this time it has more people trusting in it. You are right about the control over bitcoin or even altcoins that no one can stop them because they all are decentralized in nature. Internet is not one person's property that is why nobody has been ever able to hack it. Ultimately, everyone will accept bitcoin.

Bitcoin is really decentralized and has not own by a single person that is why nobody can hack the system of bitcoin but a web wallet that stores bitcoin can be hack by hackers if they can tap into it's system that is why there are Ransomware that randomly victimizing anyone that has a huge amount of bitcoin.
hero member
Activity: 770
Merit: 505
October 09, 2017, 09:20:56 AM
Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.
In my opinion, the effects of banning by China are already over.
full member
Activity: 532
Merit: 100
October 08, 2017, 08:18:49 PM
Well, the Bank of Indonesia also had said that bitcoin is an invalid currency, but we as a bitcoiners had never care and never think to much about it. As long as we're not make some crime with it. So just go ahead.
sr. member
Activity: 504
Merit: 251
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October 08, 2017, 06:03:23 PM
Governments will ban cryptos if they cannot control them its alot of money they have lost control over and are scared where it could lead them. The plus side is that there are governments that are embracing bitcoin and other crypto currencies.
full member
Activity: 422
Merit: 103
Futurov
October 08, 2017, 05:02:49 PM
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
Sad to say but some of the country, there government treat crypto currency as a threat to them. They believe that if the crypto currency will become regulated and legal to their country, it will manipulate the currency. They are afraid when that time will come, they do not have any power to control it.
full member
Activity: 382
Merit: 101
October 08, 2017, 04:29:18 PM
the government are scared due to high activity lately on ICOs collecting money with unknown purpose for god sake it can be use to fund terrorist that why government banned ICOs because the security of nation is o the line. ICOs can be made for a goo and bad not all gonna be good as what we can see.
sr. member
Activity: 1246
Merit: 285
October 08, 2017, 04:24:41 PM
Sure, china is a big and influential country, so it is very big chances if many other countries follow in China's footsteps. but, other big countries like japan are legalizing bitcoin. so, depending on the policies of each country.
full member
Activity: 131
Merit: 100
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October 08, 2017, 03:22:52 PM
These bans are not likely to last long. Just until the government learns more about cryptocurrency, how it works and why it is good.
sr. member
Activity: 422
Merit: 250
October 08, 2017, 02:34:23 PM
Different governments are going to be trying different things while they adapt to the new age of finance that Bitcoin is ushering it. It will be wise for them to buy and hold.
hero member
Activity: 924
Merit: 512
October 08, 2017, 02:32:21 PM
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

First of all, China never imposed a ban on Bitcoin. It was a temporary shutdown of the ICO which will also resume shortly now after some regulations in the rules. Second there are very less chances that a ban is imposed upon Bitcoin because countries are bringing their own virtual currencies. And without Bitcoin it will be hard to survive as Bitcoin being the center of trading is an essential component in trading and alt coins market value.


Hey how about the trading site bans in bitcoin. North Korea is the country done what you said. They stopped ICO investment alone in their country but Chinese bans ths bitcoin completely. If that is opened again then all btc investors will be happy and don't switch to different country to invest.
Trading is the necessary till the bitcoin been legal to use after you use it normally everywhere.
hero member
Activity: 1078
Merit: 507
October 08, 2017, 02:27:42 PM
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

First of all, China never imposed a ban on Bitcoin. It was a temporary shutdown of the ICO which will also resume shortly now after some regulations in the rules. Second there are very less chances that a ban is imposed upon Bitcoin because countries are bringing their own virtual currencies because also realizes the potential of Bitcoin. And without Bitcoin it will be hard to survive for the Local tokens as Bitcoin being the center of trading is an essential component in trading and alt coins market value.
newbie
Activity: 56
Merit: 0
October 08, 2017, 12:39:31 PM
#99
China did not ban bitcoins. They regulated the ico market.
hero member
Activity: 560
Merit: 500
October 08, 2017, 11:51:35 AM
#98
Of course there's a chance of banning bitcoins.
full member
Activity: 630
Merit: 102
October 06, 2017, 12:23:02 PM
#97
Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.
jr. member
Activity: 96
Merit: 1
October 06, 2017, 12:07:55 PM
#96
I'm sure there are not so many stupid governments to think that they can to ban such a strong technology. I know how it's pleasant to feel that you're smarter than somebody but China is not the case. I'm sure that 'ban' is totally temporarily decision to win some time and prepare an infrasturcture. The same is about other countries.

So there is no actual 'ban' for cryptocurrencies in long term.
full member
Activity: 322
Merit: 100
October 06, 2017, 12:00:27 PM
#95
we have just whitnessed that even China (who is dominating the crypto markets) ban did not do much on the market. It made some effect but then market recovered very fast. so let the others ban it too, nothing will happen.
sr. member
Activity: 454
Merit: 251
October 06, 2017, 11:57:43 AM
#94
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
In my own personal opinion, there is a possibility that other countries may ban bitcoin because china had already started to banned bitcoin and it will definitely affects the price again. But i still hope that bitcoin cannot be removed in the internet because it is very helpful to me since i use bitcoin as a source of income.
hero member
Activity: 2590
Merit: 644
October 06, 2017, 09:59:33 AM
#93
i don't hope that the other country will following china to banned but i think chinese government is not banning bitcoin and they will realize that banning bitcoin is impossible because now there is many new technology which will allow people to still use bitcoin. and no matter if the government banning bitcoin, as long as there is internet connection and vpn, i am sure that people can use bitcoin again.
The china will regret its decision for banning bitcoin in their country because it is a complete loss for them to not accept bitcoin anymore as a great cryptocurrency. Bitcoin and other cryptocurrencies has a lot of potential compare to the current money that they are using and banning it is such a wrong and worst decision for a country to make.
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