Topic: If Bitcoin was made illegal by your government would you still use it? - page 13. (Read 16835 times)
October 28, 2016, 05:13:23 PM
I would most likely still use BTC, because I have more faith in BTC then in most currencies right now.
October 28, 2016, 05:11:02 PM
The government doesnt represent me, soo why would i accept anything they try to input with heavy measures? We do live in century XXI were we are free to speak and share our opinion, if i were stealing i would accept any punishement, if im working and investing the money i earn from my work into bitcoin i cant be judge, as its my risk and my work taking the risk, it wont affect those. They should take care about the real problems, and bitcoin i doubt is part of them.
October 28, 2016, 12:50:53 PM
Yes of course. If a government of an entire sovereign nation feels threatened by Bitcoin doesn't that just reaffirm its power and value? There's huge political potential with Bitcoin, what would happen if a small African country wanted to start selling oil for Bitcoin?
October 28, 2016, 10:24:11 AM
it really would depend on the possible sentence of course.
October 28, 2016, 09:59:42 AM
If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
I will still support and use bitcoin even if my government bans it. I will just be careful not to let them catch me. There are a lot of illegal things that can be harmful to others and people are still doing it. I think bitcoin is for the good of people and making it illegal is taking it backwards.
October 28, 2016, 09:52:19 AM
We can make some conclusions, governments can't do nothing about bitcoins for now. They can just watch and do nothing. They can make using bitcoins illegal in some countries but that is all they can do.
We will find a way to skip some laws, we will use VPN or there will be invented some new way to hide your address and your actions on internet.
I hope we will not come to this, it's better everything to be normal and simple.
We will find a way to skip some laws, we will use VPN or there will be invented some new way to hide your address and your actions on internet.
I hope we will not come to this, it's better everything to be normal and simple.
October 28, 2016, 08:19:20 AM
If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
My question is who makes government and who makes bitcoins ?
Answer is PEOPLE.
If government think that bitcoin is not safe or overwhelming then government must have to take action against Bitcoin. But bitcoin is decentralized and no government can fight against it, just because its characteristics. importance and value. Bitcoin is based on decentralized technology.
And which countries still not allow bitcoin it means government of such countries are centralized, very weak and corrupted.
So due to fear and outcomes such government not allowing bitcoins.
This condition may bring trouble for Socialism in particular country.
And I would like to know what reason government going to ban bitcoins.
Rather government must have to consider implementation of blockchain technology for better administration and transparent government.
The government possibly to prohibited the citizens to use bitcoin if the all user of bitcoin use bitcoin for gambling only, because there is some countries said that gambling is illegal activities. My country always effort to block gambling or dice game site.
But the the fact, bitcoin not uses for gambling or dice game only. Not all of transactions and activities using bitcoin is negative, still many bitcoin users that using bitcoin as normal currency online. So I think the government can not prohibited someone using bitcoin.
But i think bitcoin is not only use for gambling since more merchants online now are accepting bitcoin as payment and i think its impossible that bitcoin will be ban because of gambling activities from bitcoin..
October 28, 2016, 07:30:03 AM
NOt sure but I if my government ends up actually having the power/capability to trace anyone using bitcoins, then I would probably end up not using Bitcoin anymore. Especially if for some reason, bitcoin is harming my people/country instead of helping then I would choose to support the country. Though I really can't think of a way bitcoin can harm.
Also, if it really was made illegal, then it's quite dangerous going against my government, Quite deadly in fact. Anyway, I highly doubt it would come to that.
Also, if it really was made illegal, then it's quite dangerous going against my government, Quite deadly in fact. Anyway, I highly doubt it would come to that.
October 28, 2016, 06:30:26 AM
If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
My question is who makes government and who makes bitcoins ?
Answer is PEOPLE.
If government think that bitcoin is not safe or overwhelming then government must have to take action against Bitcoin. But bitcoin is decentralized and no government can fight against it, just because its characteristics. importance and value. Bitcoin is based on decentralized technology.
And which countries still not allow bitcoin it means government of such countries are centralized, very weak and corrupted.
So due to fear and outcomes such government not allowing bitcoins.
This condition may bring trouble for Socialism in particular country.
And I would like to know what reason government going to ban bitcoins.
Rather government must have to consider implementation of blockchain technology for better administration and transparent government.
And I would like to know what reason government going to ban bitcoins.
You already mentioned the answer to that,Government think that bitcoin is not safe or overwhelming then government must have to take action against Bitcoin.
And which countries still not allow bitcoin it means government of such countries are centralized, very weak and corrupted.
So due to fear and outcomes such government not allowing bitcoins.
So due to fear and outcomes such government not allowing bitcoins.
Just a note, I think if a government has successfully made bitcoin illegal and can catch people who violate that law, then the government is actually pretty strong. They can investigate things like that when people can actually hide themselves when using the Internet. I will be amazed seeing a government that powerful.
October 28, 2016, 06:20:27 AM
If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
My question is who makes government and who makes bitcoins ?
Answer is PEOPLE.
If government think that bitcoin is not safe or overwhelming then government must have to take action against Bitcoin. But bitcoin is decentralized and no government can fight against it, just because its characteristics. importance and value. Bitcoin is based on decentralized technology.
And which countries still not allow bitcoin it means government of such countries are centralized, very weak and corrupted.
So due to fear and outcomes such government not allowing bitcoins.
This condition may bring trouble for Socialism in particular country.
And I would like to know what reason government going to ban bitcoins.
Rather government must have to consider implementation of blockchain technology for better administration and transparent government.
The government possibly to prohibited the citizens to use bitcoin if the all user of bitcoin use bitcoin for gambling only, because there is some countries said that gambling is illegal activities. My country always effort to block gambling or dice game site.
But the the fact, bitcoin not uses for gambling or dice game only. Not all of transactions and activities using bitcoin is negative, still many bitcoin users that using bitcoin as normal currency online. So I think the government can not prohibited someone using bitcoin.
October 28, 2016, 05:47:27 AM
If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?
My question is who makes government and who makes bitcoins ?
Answer is PEOPLE.
If government think that bitcoin is not safe or overwhelming then government must have to take action against Bitcoin. But bitcoin is decentralized and no government can fight against it, just because its characteristics. importance and value. Bitcoin is based on decentralized technology.
And which countries still not allow bitcoin it means government of such countries are centralized, very weak and corrupted.
So due to fear and outcomes such government not allowing bitcoins.
This condition may bring trouble for Socialism in particular country.
And I would like to know what reason government going to ban bitcoins.
Rather government must have to consider implementation of blockchain technology for better administration and transparent government.
October 28, 2016, 05:15:14 AM
I wouldn't continue using it because I don't want to interfere with the law.
October 28, 2016, 12:52:01 AM
I would want to continue with my Bitcoin activities. At the moment, I probably would not have used it as I don't own much Bitcoin.
However, if I were to own a good amount of Bitcoin I would probably move to another country and continue using Bitcoin there.
PS: Why would the government even care about Bitcoin in the first place. I mean it isn't doing any harm. Is it is harder for the authorities to tax Bitcoin?
However, if I were to own a good amount of Bitcoin I would probably move to another country and continue using Bitcoin there.
PS: Why would the government even care about Bitcoin in the first place. I mean it isn't doing any harm. Is it is harder for the authorities to tax Bitcoin?
October 28, 2016, 12:46:46 AM
It's hard to imagine on what rational basis a government would ban/make illegal the use or ownership of bitcoin., much less what the fair degree of punishment would be. That would be like the government banning and making mathematics illegal.
Anyway, if hypothetically my government made bitcoin illegal and I had a significantly substantial amount, I would move to another country where it was legal. If I wanted to come back to my home country, I would just convert it to fiat I guess.
Anyway, if hypothetically my government made bitcoin illegal and I had a significantly substantial amount, I would move to another country where it was legal. If I wanted to come back to my home country, I would just convert it to fiat I guess.
October 28, 2016, 12:39:14 AM
well it is not a matter to use if our country declare bitcoin as illegal .
because i will never use it , if the government declare it illegal but i will sell my all btc with single use because i will not take risk at all .
because i will never use it , if the government declare it illegal but i will sell my all btc with single use because i will not take risk at all .
October 28, 2016, 12:24:59 AM
If bitcoin is declared as illegal and those who are using it will be labeled criminals then I will stop using bitcoin for sure. I am covered by my countries law and regulations, it serves as my protection and guidelines as my country's citizen. I have nothing to do but to obey them else I would need to denounce my citizenship and move to other country where bitcoin is legal.
I am riding the same boat with you sir and I totally agree with you. If its illegal then we should stop it otherwise suffer the consequences when caught. But aside from that if it is made illegal then you can no longer convert it to cash in your country and it will be a hard business. But to avoid any issues we should abide the governments rules.
But the question is Why the Government announce that Bitcoin is illegal?
Do you think that Bitcoin is illegal Crypto currency?
Anything bad in it? No way, bitcoin is good for all of us, everyone now using the bitcoin, No one can't found only single person who said that bitcoin is illegal. So how can it possible that our government announce that bitcoin is illegal.
So far as i know our and your government accept the bitcoin or not, but they can't say that bitcoin is illegal.
October 27, 2016, 10:07:01 AM
It is banned at many places but it doesn't mean that people are not using it.
It is dependent on us as how we take it if it is made illegal at our premises, but I am sure we will still use it whether legal or illegal.
It is dependent on us as how we take it if it is made illegal at our premises, but I am sure we will still use it whether legal or illegal.
October 27, 2016, 09:30:40 AM
I was also still using if it was illegal by my government which isn't the cause in reality. I started using Bitcoin when it was having survival problems and there was a big question mark on its legal status back in 2014 at start. I was sure of what I was using then too so I was anyhow using it for online transfers as it is best available method to perform them.
October 27, 2016, 06:54:16 AM
Emergence of bitcoin makes international payment easier and cost effective, no other payment system have done it that nice and cheap, lots of barriers have been taken off and there are many more merits of this technology. As can be expected, there are never-do-well, who would rather divert the use for illegal activities, but that's life for us, we all can never for once see the same picture even while looking at the same photo.
October 26, 2016, 05:35:43 PM
How i would bitcoin would change if it was outlawed. I would not use BTC backed debit card to buy gas or buy new monitor at newegg with BTC.
if this happens I think it would be because of USD hyperinflation.
I would use bitsquare to buy sell BTC and use the BTC as a way of saving wealth. maybe find a way to locally trade gold/silver for BTC. but gold/silver might become illegal also.
if this happens I think it would be because of USD hyperinflation.
I would use bitsquare to buy sell BTC and use the BTC as a way of saving wealth. maybe find a way to locally trade gold/silver for BTC. but gold/silver might become illegal also.
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