Topic: Is it technically possible to ban Bitcoin in a particular country? - page 2. (Read 1170 times)
September 07, 2017, 09:31:36 AM
Yes it is possible that any country can ban bitcoin, but take it to consider that banning of bitcoin can result in huge resources by the government. Next if China will ban bitcoin many people will go to strike as many chinese invest on bitcoin and other crypto, in addition china is one of the central mining of bitcoin and other cryptocurrency it will affect their future economy and market when they will take this action. Also those country who are accepting bitcoin as payment they it will affect their economy.
September 07, 2017, 09:23:08 AM
Let's say the Chinese government decides to ban Bitcoin. Is it technically possible without shutting down their Internet?
Bitcoin mining is a huge industry in china and many companies in china are also investing here and banning it will have an impact in the price of bitcoin but I doubt if they can fully control or ban it, they will have to spend millions of dollars to keep it ban for many years.
September 07, 2017, 09:15:44 AM
Well, any country can ban Bitcoins. It will take a lot of resources to enforce that, though, and most countries have enough problems. Even if they were able to enforce it, there will always be some who can slip through the cracks, as with everything else illegal. It should discourage most casual users, though.
September 07, 2017, 09:09:46 AM
It is technically possible in China, even without shutting down the internet. I remember the internet censorship that nicknamed The Great Firewall of China. It blocks the website and monitor individuals accessing the website. Even the satellite access can be jammed in China.
September 07, 2017, 07:41:44 AM
No, shutting down the internet is not even enough anymore. We're able to stream blocks through/from satellites now. Chinese people always find ways. A lot of stuff are banned in China and people still able to find ways to do it, get it, access it.
That's also internet, so no
It's possible and there are many ways to ban bitcoin such as :
1. Close all bitcoin exchange/services.
2. Block all bitcoin-related websites.
3 .Spy citizen activity such as internet/social media history.
4. Ban all proxy, VPN or tor traffic to prevent bitcoin usage (and many illegal activity).
But in reality, i doubt any government would spend their time/money/effort only to ban bitcoin and people still can use bitcoin even if government actually do all of that.
1. Close all bitcoin exchange/services.
2. Block all bitcoin-related websites.
3 .Spy citizen activity such as internet/social media history.
4. Ban all proxy, VPN or tor traffic to prevent bitcoin usage (and many illegal activity).
But in reality, i doubt any government would spend their time/money/effort only to ban bitcoin and people still can use bitcoin even if government actually do all of that.
Too much trouble.
It's far simple an far easier for the leading communist party do stop it.
Outlaw the crypto currency and make the subjects face capital punishment.
Be honest , after you see 100 people shot in the stadium like Chinese do currently with around 3000 to 4000 persons guilty of various law breaking offense, are you going to still use bitcoin?
September 07, 2017, 07:21:09 AM
Rather than banning internet, government should make their law right for preventing people using bitcoin since banning internet is not good solution
When there is a law against bitcoin, people may think twice before start using bitcoin
When there is a law against bitcoin, people may think twice before start using bitcoin
September 07, 2017, 07:11:07 AM
In order to ban Bitcoin, you need to ban the internet. And right now it is not a viable option. As long as internet connection is there, it will be possible to transfer coins from one account to another. That said, the governments can make it difficult for the users to convert their coins to cash (or vice versa), by blocking the exchanges.
September 07, 2017, 07:01:39 AM
Let's say the Chinese government decides to ban Bitcoin. Is it technically possible without shutting down their Internet?
if you mean usage by banning it's possible, but if you mean that they ban the connections, i don't think it's possible, you can always use tor or other proxy to connect to nodes
September 07, 2017, 06:57:56 AM
I agree with previous comments - the question is what do you mean by a ban. If we talk about the usage ban, it is possible and Chinese residents will need to operate their bitcoins outside of the country to avoid any legal pursuit. The general Bitcoin ban is senseless because it will require too high efforts to implement it into real life.
September 07, 2017, 06:52:57 AM
Yes it can be possible. The government has the rights to ban whatever they saw that is against in their own means, and sometimes they just don't want something that could threaten them or maybe something they saw that can compete in terms of power, also in order for them to remain in position that no one could oppose them or maybe it could lead that people using bitcoin are rebels as they can see it is illegal, that is only how I see if it would be banned.
September 07, 2017, 06:49:08 AM
It is not easy to ban the bitcoin for china, instead whenever china like to ban it, the valid reason bitcoin has gone too far. Now a huge people have invested their money on bitcoin. On the other hand, i don't think so china will decide to ban the bitcoin. May be china decide something different and good way for bitcoin and also for bitcoin's users.
September 07, 2017, 06:38:24 AM
Let's say the Chinese government decides to ban Bitcoin. Is it technically possible without shutting down their Internet?
No, not a chance. There is a reason why people are still able to use VPNs in their country. Their DPI won't work perfectly if the traffic is disguised as a SSL tunnel and it will mimic a connection to a website, eg. Cisco AnyConnect. These work extremely well, heck they can't even detect my proxy with AES-256-CFB encryption.It is very easy to run a node through a VPN or proxy and they will have a very hard time detecting it.
September 07, 2017, 06:32:30 AM
It will be possibl to do so for a majority of users. I'm sure there are some computer wiz people that will still be able to buy, sell, and move bitcoin around since they are very technologically savy. For everyone else it will be extremely difficult. Most people into bitcoin probably don't understand fully how bitcoin works. We have a general idea about the blockchain and yada yada, but there are definitely some holes that we wont completely understand. For these users they can consider their bitcoin pretty much inaccessible.
No doubt that this would certainly affect the price and not in a positive way.
No doubt that this would certainly affect the price and not in a positive way.
Could you please mention those "holes"
I doubt Bitcoin can be successful banned. Same amounts of users would still continue to use Bitcoin if they choose to, with only few obeying the abusive law.
September 07, 2017, 06:25:23 AM
They can ban them if they want to. But the sytem and the accesing here are not able to ban them. What happens is that people can not cashout at banks or third party companies that buy bitcoins and buy them money. so even if I ban it a country is not that because we can still sell our bitcoins but it's hard.So even if it is abolished and banned from using bitcoins we can still get it. do not just tell the authorities because we will detained
September 07, 2017, 06:08:42 AM
Bitcoin can be easily banned by any country any time that they want to but it won't stop people from using it. Bitcoin transactions will be halted in a particular country if the government decided ti ban it but people will still be able to use their bitcoins. They will just not be able to do transactions or cash it out in the country.
September 07, 2017, 05:48:10 AM
In my opinion, i think that a country have all the rights to ban bitcoin.But this can't be done so easily because bitcoin is digital money 
September 06, 2017, 06:03:43 AM
Let's say the Chinese government decides to ban Bitcoin. Is it technically possible without shutting down their Internet?
It is not possible, for a country as large as China maybe they have their ways to shut down bitcoin but for some reason Chinese people still able to use it, since there are lots of investors in China they might take actions but they'll do it secretly. Anyways while some adopts others are trying to create a barrier regarding bitcoin as you can see in this world governments only do things in their benefit.
September 06, 2017, 06:02:47 AM
It's possible and there are many ways to ban bitcoin such as :
1. Close all bitcoin exchange/services.
2. Block all bitcoin-related websites.
3 .Spy citizen activity such as internet/social media history.
4. Ban all proxy, VPN or tor traffic to prevent bitcoin usage (and many illegal activity).
But in reality, i doubt any government would spend their time/money/effort only to ban bitcoin and people still can use bitcoin even if government actually do all of that.
1. Close all bitcoin exchange/services.
2. Block all bitcoin-related websites.
3 .Spy citizen activity such as internet/social media history.
4. Ban all proxy, VPN or tor traffic to prevent bitcoin usage (and many illegal activity).
But in reality, i doubt any government would spend their time/money/effort only to ban bitcoin and people still can use bitcoin even if government actually do all of that.
September 06, 2017, 05:55:26 AM
a country can only limit strictly the withdrawal system, that's enough to panic a lot of people
September 06, 2017, 05:49:39 AM
banning bitcoin is easy, preventing people from using it is impossible to do. so technically it is possible to ban bitcoin. but also realistically speaking nobody is going to ban bitcoin, countries are currently competing with each other to adopt bitcoin or they will be left behind. and soon they will also be technologically behind too 
Jump to: