If Bitcoin was made illegal by your government would you still use it? - page 18.

Skaven

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Quote from: Quantus on September 25, 2016, 08:05:03 PM

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 would not make use of it at that point because I have no intend to go to jail or pay some fine because of me continuing to use Bitcoin.
If it becomes illegal I have no choice but to back of from it and leave it alone.

jacafbiz

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It depends on the penalty but I guess with all these regulations and laws there is always a way to circumvent them, I may look for a trusted person in a country where it is legal and transfer the Fiat currency to me, even we can have online companies offering this service because there will be demand for such

Mastsetad

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Quote from: bitcoinvestor on October 11, 2016, 01:10:06 AM

Bitcoin in my country is legal for some product like electricity, phone bill but for other products is prohibited. However, many people use bitcoin for transaction that is not public because it is difficult to trace. In indonesia the legal currency is Rupiah. Using bitcoin for such products is not ilegal but for others I have never tried.

I guess it is not illegal in your country for anything but it is just not accepted for buying those stuff as there are not much places accepting bitcoin in asian countries though there are a lot in european countries.
And i feel no country would ban bitcoin if they come to know about its potential and its use.

bitcoinvestor

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Bitcoin in my country is legal for some product like electricity, phone bill but for other products is prohibited. However, many people use bitcoin for transaction that is not public because it is difficult to trace. In indonesia the legal currency is Rupiah. Using bitcoin for such products is not ilegal but for others I have never tried.

akosipepot

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I would not use bitcoin if it is already illegal in my country.Why I would used that if it is illegal even though you use it in nice way.It so scary. I do not want go to in jail for violating something is illegal.better be safe than regret in the rest of your life.

Mr. Big

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Quote from: lanslans on October 11, 2016, 12:26:30 AM

of course i will still use it. maybe use vpn in site btc was blocked.
but in my country there are no regulations governing of bitcoin. so bitcoin will never made illegal in here. Cheesy

Well, that's good if you are still willing to use bitcoin even if your government might consider it as illegal...Supposed that this really happens, I think it's not easy to dispose or use our coins and profit...Exchanges also might start to close since they will be the biggest target...How will we use our coins? VPN's could hide you but you would also need to hide your money...

lanslans

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of course i will still use it. maybe use vpn in site btc was blocked.
but in my country there are no regulations governing of bitcoin. so bitcoin will never made illegal in here. Cheesy

The Sceptical Chymist

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Have to vote "not sure" on this one. I love bitcoin, but I think if the IRS or some other alphabet agency were to hunt down bitcoin users, I'd probably have to pass. There are just too many other investment opportunities out there that ARE legal. Why bother with the risk of getting fined or going to jail or whatever? It really just wouldn't be worth it to me. But it would depend on what the penalty is. And while this is a good question, I truly don't think bitcoin is going to be criminalized anytime soon by the US gov't (which is where I am).

Stranger, more horrible things have happened, though.

Snorek

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Quote from: Xester on October 10, 2016, 09:36:32 PM

I am not sure if I will continue to use it but I still want to. It is the only way I could earn more income through bitcoin. So if our government will ban it or will tag it as illegal, then it would be hard for me to break that law. And if it would be illegal then it is hard also to convert the bitcoin I earned to fiat currency. But I do not think that the government will ban it because it is absolutely legal here in our country.

Alcohol was absolutely legal in the US prior prohibition in the 1920s too. What I am saying is - laws can be changed. In fact they are being changed all the time.

Bitcoin is still pretty insignificant phenomena so big economy world treat Bitcoin more like a flavor of the month asset than real deal. But if bitcoin will grow bigger laws can be changed too.

Xester

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I am not sure if I will continue to use it but I still want to. It is the only way I could earn more income through bitcoin. So if our government will ban it or will tag it as illegal, then it would be hard for me to break that law. And if it would be illegal then it is hard also to convert the bitcoin I earned to fiat currency. But I do not think that the government will ban it because it is absolutely legal here in our country.

calkob

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fuck the government......... Cool

royalfestus

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Quote from: Quantus on September 25, 2016, 08:05:03 PM

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?

It is difficult to say yes. If u say yes then u are turning yourself to a criminal. I rather pray it doesnt happen

mogrith

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Lots of variables here. But Bitcoin can change also. I use an altcoin called NAV that can sync/stake over tor. This could be added to BTC if needed. Would use a non USA exchange to buy and get a non USA Debit card to use it for spending.

Depends on how extreme they get on enforcement. Would having posted here and used a foreign bank issued card that is known to allow BTC be enough to have to fight a criminal court case? I might just move to gold/silver but that would be IMHO be made illegal if BTC is outlawed.

ekoice

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Till now, it was not declared as illegal by our indian government. Even if it was made illegal, i would still use bitcoins as i see no harm in it. US government itself tried its level best to ban, but couldnot.I dont want to loose the benefits of bitcoins.

Milkduds

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The idea of bitcoin becoming illegal is only going to drive short term thinkers out of the market. Presume it is illegal now and act accordingly and you will have your eggs in a row when the day comes for the axe. Makes no sense to me to worry about this potential when we should be working it like it is already illegal.
Times change and what was acceptable is now the virus the world wants to stamp out,the reason few think this way is age and not knowing how history works.

socks435

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Almost members here will choose to stay still use bitcoin since they can not know if you are still using it or not..there is many alternative that we can withdraw bitcoin like westerunnion that we can use from perfect money once we convert our bitcoin in perfect money many alternative we can do there .
To withdraw our money..

tabas

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Even the law here in my country is tough enough and they are implementing the punishment greatly. I would still going to keep on supporting and use bitcoins, because I am not related to any illegal activity and I can prove that in court whenever the government is going to accuse me for using bitcoins. Because having it doesn't mean you are an illegal activity doer.

lovely sitha

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very honestly i will like to continue using bitcoin because now i cannot live without bitcoin.

ABCbits

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Actually, i've made similar thread few months ago in here : https://bitcointalksearch.org/topic/would-you-keepuse-bitcoin-if-government-says-bitcoin-is-illegal-in-your-country-1597743
Of course i still use bitcoin even it's illegal on my country, unless they strictly control internet and give major punishment for bitcoin user Roll Eyes

traderethereum

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i am not sure but i think i still use bitcoin for trading and make withdraw into fiat, and i don't know if my government will make this decision because there are many benefit that bitcoin can offer to us.

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