Is Bitcoin Legal? - page 11. | Bitcointalksearch.org

rudolfaxl

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Quote from: neurotypical on June 18, 2015, 05:12:05 PM

Quote from: josephliton on June 16, 2015, 11:48:45 PM

Bitcoin is freedom and you cant stop it. People always want freedom. Even if Governments restrict bitcoin they never stop or prevent using Bitcoin. We think China Gov. restrict the bitcoin but they have biggest bitcoin economy in the world.

Well stuff like Tor is supossed to be freedom but is banned in some places like China, but strictly speaking if we were in China we would have to say that indeed it is illegal, which is fatal for mainstream adoption.

Legal is licit, legitimate,permitted by law; lawful.

Illegal is unlawful; illegitimate; illicit; unlicensed. Illegal, unlawful, illegitimate, illicit, criminal can all describe actions not in accord with law. Illegal refers most specifically to violations of statute.

neurotypical

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Quote from: josephliton on June 16, 2015, 11:48:45 PM

Bitcoin is freedom and you cant stop it. People always want freedom. Even if Governments restrict bitcoin they never stop or prevent using Bitcoin. We think China Gov. restrict the bitcoin but they have biggest bitcoin economy in the world.

Well stuff like Tor is supossed to be freedom but is banned in some places like China, but strictly speaking if we were in China we would have to say that indeed it is illegal, which is fatal for mainstream adoption.

wearepoor

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Quote from: Clint on June 17, 2015, 09:53:46 PM

Bitcoin in my knowledge is legal in most of the countries, but I do know in some small countries, they forbid bitcoin because people are using scams and pyramid schemes to promote the users of btc. They're breaking the laws of that country, so that is why in some countries its forbidden.

Yes and the reason some of the countries are not promoting bitcoin is only because people are using it for illegal activities like black money, money laundering etc. So the government is not coming in the support of bitcoins but nobody has control over it.

NewLiberty

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Gresham's Lawyer

Bitcoin non-anonymity is also a business, not just done by governments.
https://www.elliptic.co/anti-money-laundering/

Legal compliance capabilities and transparency are making it increasingly 'legal'.

jokowi

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My opinion ; BTC bitcoin is like a gold,we buy/sell as a commodity. Yes 'im agree bitcoin must have legality to protect bitcoin used by criminal (money laudering,pyramid scammer,hyip..etc).

Clint

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Bitcoin in my knowledge is legal in most of the countries, but I do know in some small countries, they forbid bitcoin because people are using scams and pyramid schemes to promote the users of btc. They're breaking the laws of that country, so that is why in some countries its forbidden.

NewLiberty

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Quote from: Amph on June 17, 2015, 07:29:07 AM

Quote from: NewLiberty on June 17, 2015, 05:03:16 AM

Quote from: jackyrozario on June 16, 2015, 12:08:19 AM

Government agencies are increasingly worried about the implications of bitcoin, as it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. In particular, law enforcers seem to be concerned about the decentralized nature of the currency.

The ability for bitcoin to be used anonymously, is quite a bit lower than the ability for cash to be used anonymously. There is a permanent public record of every transaction.

last time i've checked the transaction, does not say at who those money belong, and this without even using mixer/proxy node and all those stuff, to strengthen your anonimity

And yet, the last time the equation group checked, it does say to whom quite a bit of those money belong.
You are not they.
All your privacy is belong to...they.

manselr

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Quote from: Amph on May 14, 2015, 12:51:38 PM

Quote from: manselr on May 11, 2015, 01:41:11 PM

Quote from: Xialla on May 10, 2015, 12:20:15 PM

Quote from: BillyBobZorton on May 10, 2015, 11:16:35 AM

What could happen on a global Bitcoin ban? Would people be brave or panic out and abandon it?

well, also is abandoned share some movies, music and games over torrent..now check, how many people seeding:) I'm more scared of some alternative similar to bitcoin driven by government or some kind of central bank then bitcoin ban..

It's for sure that the gov will come up with their own "Bitcoin", but hopefully all that does is putting Bitcoin in the spotlight and people don't buy into the officialist state bullshit.

no they will not, it doesn't make sense to have a second centralized bitcoin aka dollar 2.0, they will stay with their dollar and keep printing it like no tomorrow

the same with the blockchain, the strength of bitcoin and the blockchain is everything the government hate

Read the news and you'll see there is an agenda to abolish cash in the relative near future. I think few people will be using physical cash be it coins or paper in 10 years, and it will be totally gone in 20 years.
Are they really going to let Bitcoin camp free in such environment?

OmegaStarScream

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Quote from: jcksteve on June 17, 2015, 09:24:23 AM

Quote from: OmegaStarScream on June 17, 2015, 09:18:48 AM

It's always nice to know that on the Unregulated Bitcoin area Undecided

Stupid country
I didn't know that Russia Restricted Bitcoin , that's kinda shitty . Also I'am bad at geography but isn't that orange map under Russia for China ?
China have shitload of Mining farms & Exchange how it's Restricted there ? I'am the only one who find this dosen't make sense

No stupid country in the world,they only wait bitcoin give trust as a payment system.

Yeah I meant my country , sorry I miss-wrote what I wanted to say .
Actually my country is stupid , what do you call a country where no one use Credit & Debit cards (They use only cards to withraw money from ATM) , what do you call a country that don't know what online shopping is and laugh at your face when you mention those things ? Roll Eyes

jcksteve

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Quote from: OmegaStarScream on June 17, 2015, 09:18:48 AM

It's always nice to know that on the Unregulated Bitcoin area Undecided

Stupid country
I didn't know that Russia Restricted Bitcoin , that's kinda shitty . Also I'am bad at geography but isn't that orange map under Russia for China ?
China have shitload of Mining farms & Exchange how it's Restricted there ? I'am the only one who find this dosen't make sense

No stupid country in the world,they only wait bitcoin give trust as a payment system.

OmegaStarScream

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It's always nice to know that I'am on the Unregulated Bitcoin area Undecided

Stupid country
I didn't know that Russia Restricted Bitcoin , that's kinda shitty . Also I'am bad at geography but isn't that orange map under Russia for China ?
China have shitload of Mining farms & Exchange how it's Restricted there ? I'am the only one who find this dosen't make sense

jcksteve

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Quote from: josephliton on June 16, 2015, 11:48:45 PM

Bitcoin is freedom and you cant stop it. People always want freedom. Even if Governments restrict bitcoin they never stop or prevent using Bitcoin. We think China Gov. restrict the bitcoin but they have biggest bitcoin economy in the world.

Freedom does not mean you can do anything without law,bitcoin is good for future money,but we must realistic,you and me change bitcoin with $USD,and $USD is USA money that has legality,and bitcoin community must play this with the rules.

Amph

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Quote from: NewLiberty on June 17, 2015, 05:03:16 AM

Quote from: jackyrozario on June 16, 2015, 12:08:19 AM

Government agencies are increasingly worried about the implications of bitcoin, as it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. In particular, law enforcers seem to be concerned about the decentralized nature of the currency.

The ability for bitcoin to be used anonymously, is quite a bit lower than the ability for cash to be used anonymously. There is a permanent public record of every transaction.

last time i've checked the transaction, does not say at who those money belong, and this without even using mixer/proxy node and all those stuff, to strengthen your anonimity

NewLiberty

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Gresham's Lawyer

Quote from: jackyrozario on June 16, 2015, 12:08:19 AM

Government agencies are increasingly worried about the implications of bitcoin, as it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. In particular, law enforcers seem to be concerned about the decentralized nature of the currency.

The ability for bitcoin to be used anonymously, is quite a bit lower than the ability for cash to be used anonymously. There is a permanent public record of every transaction.

josephliton

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Bitcoin is freedom and you cant stop it. People always want freedom. Even if Governments restrict bitcoin they never stop or prevent using Bitcoin. We think China Gov. restrict the bitcoin but they have biggest bitcoin economy in the world.

operrajunk74

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Quote from: rudolfaxl on June 15, 2015, 09:58:34 PM

Quote from: operrajunk74 on June 15, 2015, 03:09:05 PM

Yes it is a big problem but we cannot help it as bitcoin is decentralised so how can one have control over it and how one can know where the person is using bitcoin. Every coin has two sides and same is with bitcoin someone will use it for good purpose and someone will not.

Decentralization bitcoin is controlled by bitcoin community,and ID bitcoin will not disturb the decentralization of bitcoin. ID bitcoin only for simplify bitcoin wallet address and give trust Identity bitcoin wallet address. If bitcoin can give trust,anyone can feel safe making transactions with bitcoin,and the end,....all countries will not reject bitcoin as a payment system. This is FUTURE of Bitcoin..for now and later!!!!

Yeah now I got it. More trust.. More adoption and It would be in the benefit of the bitcoin community. It is a good concept to have but for that we need a support from the Government and the Banking System then only it would be possible.

pat1900

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Map is pretty much out-of-date.

Cointelegraph articles etc. have generally gone down in quality recently.

jackyrozario

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Government agencies are increasingly worried about the implications of bitcoin, as it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. In particular, law enforcers seem to be concerned about the decentralized nature of the currency.

twister

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Quote from: rudolfaxl on June 15, 2015, 09:58:34 PM

Quote from: operrajunk74 on June 15, 2015, 03:09:05 PM

Yes it is a big problem but we cannot help it as bitcoin is decentralised so how can one have control over it and how one can know where the person is using bitcoin. Every coin has two sides and same is with bitcoin someone will use it for good purpose and someone will not.

Decentralization bitcoin is controlled by bitcoin community,and ID bitcoin will not disturb the decentralization of bitcoin. ID bitcoin only for simplify bitcoin wallet address and give trust Identity bitcoin wallet address. If bitcoin can give trust,anyone can feel safe making transactions with bitcoin,and the end,....all countries will not reject bitcoin as a payment system. This is FUTURE of Bitcoin..for now and later!!!!

This is true, this will enable more users to safely use bitcoin, will control the money laundering and all the bad things associated with it and may also help in stopping the run away scams done by companies for now they think no one will be able to track them down but if this were to happen people/businesses will not be able to fraud so easily. It might also stop theft.

rudolfaxl

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Quote from: operrajunk74 on June 15, 2015, 03:09:05 PM

Yes it is a big problem but we cannot help it as bitcoin is decentralised so how can one have control over it and how one can know where the person is using bitcoin. Every coin has two sides and same is with bitcoin someone will use it for good purpose and someone will not.

Decentralization bitcoin is controlled by bitcoin community,and ID bitcoin will not disturb the decentralization of bitcoin. ID bitcoin only for simplify bitcoin wallet address and give trust Identity bitcoin wallet address. If bitcoin can give trust,anyone can feel safe making transactions with bitcoin,and the end,....all countries will not reject bitcoin as a payment system. This is FUTURE of Bitcoin..for now and later!!!!

Topic: Is Bitcoin Legal? - page 11. (Read 12997 times)