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Topic: If Bitcoin was made illegal by your government would you still use it? - page 4. (Read 16833 times)

sr. member
Activity: 476
Merit: 254
I chose yes not because of the fact that I dont want to obey the law or I like to go to jail, nope but because I am not living in the United States and any other advanced country that can make good of the threat. We have had several laws that ended up on the shelf and moreover which machineries do we have to really enforce the law so I would gladly continue to use my Bitcoin. It would even made it more scarce thereby increasing its value.
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
i don't think so , even there is ban regulated by government ,
it will not provide a big effect to bitcoin price in long term ,

The fact that the government is banning bitcoin, it means that country people are forbidden to use or transact with bitcoin.  This will have a great effect in the bitcoin economy since this country's merchant is automatically not accepting bitcoin as one of the payment in their store.  So for example, China bans bitcoin and strictly implemented the law.  Automatically all the hashes from china will stop, people from China that once supporting and participating in bitcoin economy will need to look for another alternative.  Now figure out how much of the base user of bitcoin will stop using it when bitcoin is banned in countries like China, US etc. 

China has a major impact on Bitcoin for sure, but that doesn't mean Bitcoin has no future when China puts a total ban on Bitcoin. If they had such an intention, they would have done it already. Also, don't forget that the mining farms there for a major part are in the hands of outside-China investors. Everything will be moved to a different country with equal terms and electricity rates. But yes, at the time it happens, the price will lose a huge percentage of its value in a matter of 24 hours as result of a massive wave of panic blood flowing in the markets. I can't even imagine what will happen when the USA is going to do that as well. But then again, this is nothing more than a science fiction scene in a movie.
While it has not happened and maybe never will it is still useful to discuss this since in ht event something like that happened we will have  a lot more knowledge about what we may try to do in that particular scenario.
Yes I also hope so that bitcoin will continue its free status as it is in present time. As still our government has not yet given any statement about bitcoin therefore it is not banned and people are using it as legal currency. But if anything bad happens, this community will find a right solution and that may convince government too.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
Until now, my government still banned bitcoin. I don't know when this happens will be end. If bitcoin approve, I sure make new opportunities.

In what country do you live? I think your government doesn't even know that you are in bitcoins. So you can just simply earn bitcoins while the government is not going to know it. Because Russia way back few months ago, they banned bitcoin after months again they removed the ban for the usage of bitcoin and now people who are using bitcoins there are now happily using bitcoin.

If the government ban something, there are two reasons, first, they know that the thing is illegal, second, they have no knowledge about it and thinks that it is also illegal. With regards to banning, I think I won't use anything that the government is going to prohibit as long as there is a good explanation to it. So if they are going to ban bitcoin, they better have a good explanation and I will lawfully obey.
Government will ban bitcoin because they saw its a threat to the economy to a certain country and they saw that it will surely increase the  hidden transactions on their place and might really affect the crime rate on their place.I dont know whats the reason of government but its just my own view regarding to this matter.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
    I live in a democratic country and it is difficult to imagine that my government would follow a particularly tough policy toward bitcoins. On the other hand if she had serious proofs, is that possible any?  that bitcoins use is harmful for the country and its people then I would think it again but it's my decision. So, because I believe that crypto-currencies change the world I would continue to support the development and existence of it.

Here's what a "democratic" country can do. This is happening right now, as we speak.

Quote
Dakota Pipeline: Protesters Soaked With Water in Freezing Temperatures

Tear gas, freezing cold water and rubber bullets were used to disperse a crowd of 400 protesters at the Dakota Access Pipeline in clashes late Sunday and early Monday that left more than 150 activists and one law enforcement officer injured.

Linda Black Elk, a member of the Standing Rock Medic and Healer Council of the Catawba tribe, said she treated protesters for injuries and hypothermia and they were soaked by water in temperatures as low as 23 degrees. Standing Rock Sioux Chairman Dave Archambault II told NBC News that between 200-300 people were transported late Sunday night to a gymnasium on the Standing Rock Sioux reservation for treatment for hypothermia, facial and hand wounds, and other minor injuries. Approximately seven people with more serious injuries — including two elders who were tear gassed and who suffered near cardiac arrest — were sent to a hospital in Bismarck for emergency treatment, said Archambault.

He said the tribe was reaching out to the White House Monday with a request that the Obama administration intervene "due to the threat to public safety at Standing Rock."

"From the beginning, we've had water protectors attacked by guard dogs, rubber bullets and mace. Last night, law enforcement upped the ante by using exploding tear gas canisters and water cannons in sub-freezing temperatures," said Archambault. "There's no telling what law enforcement will do next."

Source: http://www.nbcnews.com/storyline/dakota-pipeline-protests/dakota-pipeline-protesters-authorities-clash-temperatures-drop-n686581
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
    I live in a democratic country and it is difficult to imagine that my government would follow a particularly tough policy toward bitcoins. On the other hand if she had serious proofs, is that possible any?  that bitcoins use is harmful for the country and its people then I would think it again but it's my decision. So, because I believe that crypto-currencies change the world I would continue to support the development and existence of it.
hero member
Activity: 952
Merit: 500
Until now, my government still banned bitcoin. I don't know when this happens will be end. If bitcoin approve, I sure make new opportunities.

In what country do you live? I think your government doesn't even know that you are in bitcoins. So you can just simply earn bitcoins while the government is not going to know it. Because Russia way back few months ago, they banned bitcoin after months again they removed the ban for the usage of bitcoin and now people who are using bitcoins there are now happily using bitcoin.

If the government ban something, there are two reasons, first, they know that the thing is illegal, second, they have no knowledge about it and thinks that it is also illegal. With regards to banning, I think I won't use anything that the government is going to prohibit as long as there is a good explanation to it. So if they are going to ban bitcoin, they better have a good explanation and I will lawfully obey.
Bitcoin is freedom is they are violating the freedom of the people if they will ban bitcoins. Some countries support bitcoin but some does not, so we are just lucky if we belong to a country that supports bitcoin. Lawmakers are doing their job so we have no choice if within our country it will be ban.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
Until now, my government still banned bitcoin. I don't know when this happens will be end. If bitcoin approve, I sure make new opportunities.

In what country do you live? I think your government doesn't even know that you are in bitcoins. So you can just simply earn bitcoins while the government is not going to know it. Because Russia way back few months ago, they banned bitcoin after months again they removed the ban for the usage of bitcoin and now people who are using bitcoins there are now happily using bitcoin.

If the government ban something, there are two reasons, first, they know that the thing is illegal, second, they have no knowledge about it and thinks that it is also illegal. With regards to banning, I think I won't use anything that the government is going to prohibit as long as there is a good explanation to it. So if they are going to ban bitcoin, they better have a good explanation and I will lawfully obey.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
i don't think so , even there is ban regulated by government ,
it will not provide a big effect to bitcoin price in long term ,

The fact that the government is banning bitcoin, it means that country people are forbidden to use or transact with bitcoin.  This will have a great effect in the bitcoin economy since this country's merchant is automatically not accepting bitcoin as one of the payment in their store.  So for example, China bans bitcoin and strictly implemented the law.  Automatically all the hashes from china will stop, people from China that once supporting and participating in bitcoin economy will need to look for another alternative.  Now figure out how much of the base user of bitcoin will stop using it when bitcoin is banned in countries like China, US etc. 

China has a major impact on Bitcoin for sure, but that doesn't mean Bitcoin has no future when China puts a total ban on Bitcoin. If they had such an intention, they would have done it already. Also, don't forget that the mining farms there for a major part are in the hands of outside-China investors. Everything will be moved to a different country with equal terms and electricity rates. But yes, at the time it happens, the price will lose a huge percentage of its value in a matter of 24 hours as result of a massive wave of panic blood flowing in the markets. I can't even imagine what will happen when the USA is going to do that as well. But then again, this is nothing more than a science fiction scene in a movie.
While it has not happened and maybe never will it is still useful to discuss this since in ht event something like that happened we will have  a lot more knowledge about what we may try to do in that particular scenario.
hero member
Activity: 938
Merit: 500
This reminds me the question of legaliza drugs, sometime ago people asked to that be allowed, atleast some drugs, but looks like they forgot those and didnt touch it anymore. If the government does ban and make heavy restrictions into bitcoin, this will result into a huge interest over bitcoin, the same way that happens with drugs, being harder to trace who is using or buying or selling bitcoin.
sr. member
Activity: 1792
Merit: 255
Until now, my government still banned bitcoin. I don't know when this happens will be end. If bitcoin approve, I sure make new opportunities.
hero member
Activity: 2646
Merit: 686
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 use it, cause I see nothing wrong in using Bitcoin. They are not effecting my country growth or I am not hiding money of my local currency. The government should have no problem with Bitcoin, until people are hiding their money then yes they should fear it. But so far no country has done it so I don't think it will happen. As and when it will, people will figure a way out, they always do. So we will get help here 😂
hero member
Activity: 994
Merit: 544
Yes, I would still use bitcoins even if government bans it because I am an honest and loyal user of bitcoins and I love it because of its decentralization and not being watched by anyone, controlling all my finances on my own which gives me higher privileges and makes me feel like a King.

I agree with you! If bitcoins made illegal by the government, i will still keep on using bitcoins. Government will not help me in my financial freedom but bitcoins do. besides since bitcoins will not easy to locate, i can still use bitcoins. and i think even now, many users are using bitcoins in their illegal activities, we never know.
full member
Activity: 224
Merit: 100
Bitcoin will still be used whether governments ban it or not. For instance, as we speak, my government has not allowed bitcoin to be used and even placed a public disclaimer to those using bitcoin. Notwithstanding, bitcoin is used here on a large scale. Therefore I don't think the government can put a stop to bitcoin use.
hero member
Activity: 644
Merit: 501
I will still use bitcoin if government imposed illegalities on btc using. For me this bitcoins can be illegal if someone use it for illegal transactions this might not be banned for illegal reason but there will be strong screening in the future to those who use bitcoin specially those who trades altcoins. If ever they make this illegal i'll keep using this in order to be legal for those who use this for good and not for bad reason and if that happens there will be an appeal to legallize the bitcoin to all who is qualified.
One of the reason why they make bitcoin anonymous because of illegal activities like purchasing drugs and weapons in black market, it has advantages and disadvantages. It is up to the users where and how he will use it, for what purpose. So I hope it will not be banned here in our country because I am taking advantage using this, very helpful and useful especially in terms of transaction.
I am not satisfied with you at all because many of the sites which are related to bitcoin will be ban and further if you will use Bitcoin through change of ip adress , then you will be catch by government again because  it is not simple to deceive the government securities .
All over if once you catched by the government then you will never can use BITCOIN in your whole life .

There are two scenarios that I am thinking on how government will act to this, 1. They would ban bitcoin, all its sources from entering such country and have no problem to answer... 2. Won't ban it but if they caught you using bitcoin, imprisoned you long and your bitcoin will belong to the lost bitcoin...  In the two option, if I am from the government, I would choose the first one, lesser burden and its like cutting the source of the problem...  Smiley

Nobody can ever ban bitcoin successfully. They can put restrictions around the trading of bitcoin, sure, but they can never ever successfully ban the bitcoin network because of its P2P network. You have to shut down all the users to shut down the network. It's not like Facebook.

And the governments are already tightening their grips on bitcoin in areas of the world. And it's clearly not deterring people.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
I will still use bitcoin if government imposed illegalities on btc using. For me this bitcoins can be illegal if someone use it for illegal transactions this might not be banned for illegal reason but there will be strong screening in the future to those who use bitcoin specially those who trades altcoins. If ever they make this illegal i'll keep using this in order to be legal for those who use this for good and not for bad reason and if that happens there will be an appeal to legallize the bitcoin to all who is qualified.
One of the reason why they make bitcoin anonymous because of illegal activities like purchasing drugs and weapons in black market, it has advantages and disadvantages. It is up to the users where and how he will use it, for what purpose. So I hope it will not be banned here in our country because I am taking advantage using this, very helpful and useful especially in terms of transaction.
I am not satisfied with you at all because many of the sites which are related to bitcoin will be ban and further if you will use Bitcoin through change of ip adress , then you will be catch by government again because  it is not simple to deceive the government securities .
All over if once you catched by the government then you will never can use BITCOIN in your whole life .

There are two scenarios that I am thinking on how government will act to this, 1. They would ban bitcoin, all its sources from entering such country and have no problem to answer... 2. Won't ban it but if they caught you using bitcoin, imprisoned you long and your bitcoin will belong to the lost bitcoin...  In the two option, if I am from the government, I would choose the first one, lesser burden and its like cutting the source of the problem...  Smiley
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
I will still use bitcoin if government imposed illegalities on btc using. For me this bitcoins can be illegal if someone use it for illegal transactions this might not be banned for illegal reason but there will be strong screening in the future to those who use bitcoin specially those who trades altcoins. If ever they make this illegal i'll keep using this in order to be legal for those who use this for good and not for bad reason and if that happens there will be an appeal to legallize the bitcoin to all who is qualified.
One of the reason why they make bitcoin anonymous because of illegal activities like purchasing drugs and weapons in black market, it has advantages and disadvantages. It is up to the users where and how he will use it, for what purpose. So I hope it will not be banned here in our country because I am taking advantage using this, very helpful and useful especially in terms of transaction.
I am not satisfied with you at all because many of the sites which are related to bitcoin will be ban and further if you will use Bitcoin through change of ip adress , then you will be catch by government again because  it is not simple to deceive the government securities .
All over if once you catched by the government then you will never can use BITCOIN in your whole life .
hero member
Activity: 2464
Merit: 594
I will still use bitcoin if government imposed illegalities on btc using. For me this bitcoins can be illegal if someone use it for illegal transactions this might not be banned for illegal reason but there will be strong screening in the future to those who use bitcoin specially those who trades altcoins. If ever they make this illegal i'll keep using this in order to be legal for those who use this for good and not for bad reason and if that happens there will be an appeal to legallize the bitcoin to all who is qualified.
One of the reason why they make bitcoin anonymous because of illegal activities like purchasing drugs and weapons in black market, it has advantages and disadvantages. It is up to the users where and how he will use it, for what purpose. So I hope it will not be banned here in our country because I am taking advantage using this, very helpful and useful especially in terms of transaction.
hero member
Activity: 912
Merit: 661
Do due diligence
Just the idea that someone would risk jail time for a payment system is kind of looney. If the government said you would get five years in a federal prison (no parole) would you risk using PayPal? ApplePay? M-Pesa? Google Wallet? WePay? Braintree? Skrill? I understand they are different from Bitcoin but they are still just value transfer systems.

You're all making Bitcoin sound more like a sinister cult than a Peer-To-Peer Electronic Cash System.

Executive Order 6102
https://en.wikipedia.org/wiki/Executive_Order_6102

If I were a citizen at that time I may have blindly obeyed.
But as time has gone on, we have learned that: all laws that are passed may not be in line with our personal freedoms. And I live in a "free country".
I don't think I'd easily give up my metals or bitcoin or internet or the freedom to challenge my government.
The thought of handing over years of my life to defend my ideal of freedom is not appealing but not entirely out of the question.
hero member
Activity: 630
Merit: 500
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Yes, I would still use bitcoins even if government bans it because I am an honest and loyal user of bitcoins and I love it because of its decentralization and not being watched by anyone, controlling all my finances on my own which gives me higher privileges and makes me feel like a King.

We all have the same feelings, but when it comes on crime, none of us would like to go to prison for just using a digital currency which was providing a financial freedom for us.
If the government announces that anyone using bitcoin would be taken to prison then i'm sure you will think twice before doing that then.
Bitcoin has a lot of benefits we can enjoy but we should choose those kind of benefits that will not compromise our future, we know that illegal activities has bigger risk and if we decide to do that we have to expect anytime we will be caught. Bitcoin is freedom but the moment you use it for illegal activities you will not enjoy freedom because you are afraid of being caught.

I will still use bitcoin if government imposed illegalities on btc using. For me this bitcoins can be illegal if someone use it for illegal transactions this might not be banned for illegal reason but there will be strong screening in the future to those who use bitcoin specially those who trades altcoins. If ever they make this illegal i'll keep using this in order to be legal for those who use this for good and not for bad reason and if that happens there will be an appeal to legallize the bitcoin to all who is qualified.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
Yes, I would still use bitcoins even if government bans it because I am an honest and loyal user of bitcoins and I love it because of its decentralization and not being watched by anyone, controlling all my finances on my own which gives me higher privileges and makes me feel like a King.

We all have the same feelings, but when it comes on crime, none of us would like to go to prison for just using a digital currency which was providing a financial freedom for us.
If the government announces that anyone using bitcoin would be taken to prison then i'm sure you will think twice before doing that then.
Bitcoin has a lot of benefits we can enjoy but we should choose those kind of benefits that will not compromise our future, we know that illegal activities has bigger risk and if we decide to do that we have to expect anytime we will be caught. Bitcoin is freedom but the moment you use it for illegal activities you will not enjoy freedom because you are afraid of being caught.
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