If Bitcoin was made illegal by your government would you still use it? - page 5.

Aamir1

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Quote from: Stedsm on November 20, 2016, 12:45:41 AM

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.

BossMacko

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Yes i will still use Bitcoin because i know i am anonymous with Bitcoin, The government will have a hard time to trace each user who uses Bitcoin. As long as i am earning using Bitcoin i will still use it in any cause.

Velkro

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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?

Of course i would, Bitcoin is international, its internet based, so country rules doesnt apply to average person.
It could only affect businesses based on bitcoin somehow but not regular usage.

hase0278

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There's a little chance that bitcoin will be made illegal here in our country since there's many users here but if it will happen I will still use it. I will just need to find a way to convert it conveniently to fiat and of course If ever I can't convert it into fiat, ill just use it to buy items or use services that gives virtual credit card to bitcoin users. That way I can still use it.

requester

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No i will quit it because I had loosed and losses and hardly had benifited form it. All total i had loosed around $160 and i can afford to gather that much amount again. So I had decided to quit bitcoin if government bans it.

Shenzou

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In my country people don't even know what bitcoin is and the one that do know are so few so the chances of bitcoin becoming illegal in my country is so small so until they discover what bitcoin is i still have a long time to use it and when they make it illegal i will either be rich from selling it or dead

1Referee

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Quote from: lionheart78 on November 19, 2016, 10:38:19 PM

Quote from: Jasad on November 19, 2016, 10:18:29 PM

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.

audaciousbeing

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I went for I am not sure because I wont want to find myself on the other side of law and be used as scape goat and also will not want to lose the opportunity embedded in the use of Bitcoin so what I will do is to study the implementation because there are several laws that have been made by Government of this country but only exist in papers so if this new law go in that direction, then Im back in the world of Bitcoin but if not, ( which I doubt, I want to be more careful).

Stedsm

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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.

lionheart78

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Quote from: Jasad on November 19, 2016, 10:18:29 PM

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.

Jasad

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= jasad =

Quote from: South Park on November 19, 2016, 08:07:07 PM

Quote from: Mr.grin on November 19, 2016, 04:17:40 AM

Well, I am very happy to use bitcoin, and even I have been accustomed to look for bitcoin every day. if suddenly the government says it's illegal, it is a difficult thing for me. however, for a more secure, maybe I'll start to move away from the bitcoin and try to use altcoin which has the same potential as bitcoin, but I guess it takes a long time to get away from the bitcoin.

If something like that happened maybe a crash on the price of bitcoin will follow, so maybe we will not have too much of a choice and will need to leave the crypto currencies market or move to another coin with the risk the governments make that coin illegal as well..

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 ,
also people will remain use bitcoin no matter what ,
so do i , but i doubt there will be a lot of government can do recognize bitcoin as illegal thing.

South Park

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Quote from: Mr.grin on November 19, 2016, 04:17:40 AM

Well, I am very happy to use bitcoin, and even I have been accustomed to look for bitcoin every day. if suddenly the government says it's illegal, it is a difficult thing for me. however, for a more secure, maybe I'll start to move away from the bitcoin and try to use altcoin which has the same potential as bitcoin, but I guess it takes a long time to get away from the bitcoin.

If something like that happened maybe a crash on the price of bitcoin will follow, so maybe we will not have too much of a choice and will need to leave the crypto currencies market or move to another coin with the risk the governments make that coin illegal as well..

Mr.grin

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Well, I am very happy to use bitcoin, and even I have been accustomed to look for bitcoin every day. if suddenly the government says it's illegal, it is a difficult thing for me. however, for a more secure, maybe I'll start to move away from the bitcoin and try to use altcoin which has the same potential as bitcoin, but I guess it takes a long time to get away from the bitcoin.

kidoseagle0312

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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?

The question is does bitcoin was made to use for illegal issue only, though we knew that bitcoin is decentralized. I think that things will be happen only if bitcoin will no longer be decentralize.

Yuuto

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I would definitely still use it because the bitcoin's idea is to get around the government anyways. There is little doubt on the reason why bitcoin could potentially be outlawed in countries simply because it disrupts the government's monopoly on the money supply, and they don't want people to shift away from their legal tender currency and go to something better.

South Park

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Quote from: diegz on November 17, 2016, 09:31:45 PM

Quote from: Harlot on November 17, 2016, 09:05:22 PM

Quote from: Bitcoin0916 on November 17, 2016, 07:35:12 PM

Now my government still banned bitcoin, but at least more than 3 bitcoin forums in my country is very active talking about bitcoin and cryptocurrency. Trading about mining hardware, local exchanger, some online transactions that use bitcoin also very busy. Government made illegal for bitcoin can't stop for users like me.

Here is another proof that even if the Government says Bitcoin is illegal in their country it won't stop their citizens for using it. Because even the Government would have a hard time tracking all the transactions, even finding any users of Bitcoin wallet is hard as it is online, if the government does not enforce their laws it is no use to be banning Bitcoin in their country.

As of now, if some country is banning bitcoin, they are not pressing it hard, and it means you could still talk about it, make transactions. But when the government that bans bitcoin pushes it and impose laws against bitcoin, for sure, they are going to ban the entry of source, It's not hard to do, even vpn won't work if they ask the ISP's to produce routers/modems that disallow installation of vpn, I saw in one Dlink router that it is an option, what if they make it permanent?

If it comes to that then those that can probably should leave a country pressing so strongly against bitcoin because at that point you can be sure bitcoin is not going to be the only thing they are going to be pursuing.

diegz

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Quote from: Harlot on November 17, 2016, 09:05:22 PM

Quote from: Bitcoin0916 on November 17, 2016, 07:35:12 PM

Now my government still banned bitcoin, but at least more than 3 bitcoin forums in my country is very active talking about bitcoin and cryptocurrency. Trading about mining hardware, local exchanger, some online transactions that use bitcoin also very busy. Government made illegal for bitcoin can't stop for users like me.

Here is another proof that even if the Government says Bitcoin is illegal in their country it won't stop their citizens for using it. Because even the Government would have a hard time tracking all the transactions, even finding any users of Bitcoin wallet is hard as it is online, if the government does not enforce their laws it is no use to be banning Bitcoin in their country.

As of now, if some country is banning bitcoin, they are not pressing it hard, and it means you could still talk about it, make transactions. But when the government that bans bitcoin pushes it and impose laws against bitcoin, for sure, they are going to ban the entry of source, It's not hard to do, even vpn won't work if they ask the ISP's to produce routers/modems that disallow installation of vpn, I saw in one Dlink router that it is an option, what if they make it permanent?

Harlot

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Quote from: Bitcoin0916 on November 17, 2016, 07:35:12 PM

Now my government still banned bitcoin, but at least more than 3 bitcoin forums in my country is very active talking about bitcoin and cryptocurrency. Trading about mining hardware, local exchanger, some online transactions that use bitcoin also very busy. Government made illegal for bitcoin can't stop for users like me.

Here is another proof that even if the Government says Bitcoin is illegal in their country it won't stop their citizens for using it. Because even the Government would have a hard time tracking all the transactions, even finding any users of Bitcoin wallet is hard as it is online, if the government does not enforce their laws it is no use to be banning Bitcoin in their country.

Bitcoin0916

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Now my government still banned bitcoin, but at least more than 3 bitcoin forums in my country is very active talking about bitcoin and cryptocurrency. Trading about mining hardware, local exchanger, some online transactions that use bitcoin also very busy. Government made illegal for bitcoin can't stop for users like me.

kanazawa

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Of course I will since it is the exit wsy to government control. They cannot stop you even with ISP control. That"s the most genuine use of Bitcoin and people should be proud of this feature that Bitcoin has. The web cannot be controlled and less the physical ways. I think it will be much more cool to use if it was illegal, like anything else that's setted as illegal, much more tasty Grin

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