It's 100% futile to try and ban P2P networks. If you view all physical commodities as peer-to-peer networks since they're only passed between one person and another, you could compare Bitcoin to drugs. They're banned, but huge amounts of people use them and governments lose out from taxes they could pull in from just regulating them as well as (in the case of European countries) having to pay for drug addicts' health problems caused by all the crap dealers put in them.
Now imagine that the drugs could be used for medicine, but it's hard for governments to tell whether people are using them for medicine or not. Now there's yet another reason not to ban them.
Bitcoin is similar to that. It can be used for both good and bad things but it's hard for governments to find out and near impossible for them to ban, not to mention that it's not even best for illegal activity - Monero is.
Peer-to-peer networks have always proven to be stronger than anything else and even if Bitcoin was banned successfully, a similar cryptocurrency would take its place which is even harder to ban.
Topic: Just hypotetical and curious (Read 536 times)
Well, dont make fun out of me please i will try to explain myself but im really confused because im newbie. Back in the day i was a html geek 15 years ago when i was 13, and that was a lot for my age but left pc world and im back to understanding things again from scratch im noob
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
I couldn't have said this better actually. These are points of concerns in my view also, there is something quite rightly curious about the lack of comments or statements in terms of governments and media, especially in western europe.
Well, dont make fun out of me please i will try to explain myself but im really confused because im newbie. Back in the day i was a html geek 15 years ago when i was 13, and that was a lot for my age but left pc world and im back to understanding things again from scratch im noob
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
Let us say that the government of all countries shuts down bitcoin and banns the use of it, then it will be the end of bitcoin. But that will be far from reality, let us take for example Russia they ban the use of bitcoin in their area but today they are studying bitcoin and are planning to legalize the use of bitcoin. Instead of shutting down bitcoin governments are starting to accept bitcoin and adopt the changing times of the digital age.
Fight against torrent sites shows the futility of any attempt to shut down something which is P2P based.
But I believe they will try to regulate it, censor it, and even hard-tax it. But, all that will have no real effect on Bitcoin.
Best way to prevent something is to make it less profitable than something else:
- It is more easy and more profitable to Mine-Bitcoins
- It is less profitable to find someone’s address private key
So, people use equipment to mine coins, and not to steal it.
But I believe they will try to regulate it, censor it, and even hard-tax it. But, all that will have no real effect on Bitcoin.
Best way to prevent something is to make it less profitable than something else:
- It is more easy and more profitable to Mine-Bitcoins
- It is less profitable to find someone’s address private key
So, people use equipment to mine coins, and not to steal it.
dont be so sure..
forget about 'hacking' for someone address using d-wave or years of bruteforcing
there have been many cases where people arrange local meetups. and follow people home.
no hacking skills needed.
just a hammer and a threat to use it to cause bodily harm which is much cheaper then mining/hacking
stealing someones phone is easier than trying to bruteforce
Fight against torrent sites shows the futility of any attempt to shut down something which is P2P based.
But I believe they will try to regulate it, censor it, and even hard-tax it. But, all that will have no real effect on Bitcoin.
Best way to prevent something is to make it less profitable than something else:
- It is more easy and more profitable to Mine-Bitcoins
- It is less profitable to find someone’s address private key
So, people use equipment to mine coins, and not to steal it.
But I believe they will try to regulate it, censor it, and even hard-tax it. But, all that will have no real effect on Bitcoin.
Best way to prevent something is to make it less profitable than something else:
- It is more easy and more profitable to Mine-Bitcoins
- It is less profitable to find someone’s address private key
So, people use equipment to mine coins, and not to steal it.
Bitcoin required several fairly brilliant steps that had to be assembled together in order to resolve long-standing issues such as the "double-spend" problem with digital currency. Bitcoin did not just spring out of nowhere, it built upon work earlier cryptographers were doing in the 1980's through early 2000's. Based on their work (google names like Adam Back and Nick Szabo) and when they did it, it's hard to imagine Bitcoin with all the pieces working much before 2008.
That said, the 2008 crash did provide an impetus and helped drive Bitcoin forward. It's an interesting question, would Bitcoin have taken off if it had been launched at a more normal time, economically speaking?
That said, the 2008 crash did provide an impetus and helped drive Bitcoin forward. It's an interesting question, would Bitcoin have taken off if it had been launched at a more normal time, economically speaking?
So it was basically the institutions and governnants corruption which lead to the crash, which gave breeding to bitcoin concept to born?
just like it took the titanic before boat makers decided to double layer their hull.
though many people were trying to make money alternatives for generations. it take people who have the drive/ambition/knowledge/ inspiration to really make it happen.
EG aids has been around for thousands of years. but it only became worthy of looking at ways to prevent/cure/treat once it really started affecting wealthy straight couples
EG smoking and cancer risks for the rich were not a big deal for the rich. until the rich guys started dying of cancer.
Loads of questions in one thread... I would try to answer some of them.... Yes, Governments might clamp down on Bitcoin and even all Crypto
currencies, but they cannot stop you from using it online and even trading it underground on black markets. So they have a simple choice.. they
either embrace it and get some extra tax from it in a regulated environment OR they ban it and it goes underground and they get Fckall tax
income from it.
It took until 2009 for Satoshi to put this together, because the banking crisis forced him/her to look for other alternatives to banks... before that,
people just accepted that banks were the trustworthy option... well some did.
currencies, but they cannot stop you from using it online and even trading it underground on black markets. So they have a simple choice.. they
either embrace it and get some extra tax from it in a regulated environment OR they ban it and it goes underground and they get Fckall tax
income from it.
It took until 2009 for Satoshi to put this together, because the banking crisis forced him/her to look for other alternatives to banks... before that,
people just accepted that banks were the trustworthy option... well some did.
bamboylee, that means if the restrictions come to mexico in two modes A) they find you mining they search you on your house to pay taxes B) bitcoin excanges go forbidden then would happen that C) bitcoin would increase its value in my country? like.. as its forbidden, giving a bitcoin in my city would cost its real balance and an extra risk fee?
Governments cannot shutdown bitcoin unless they shutdown internet. If they can, those should have shutdown torrent already but they failed in that, they will also fail to shutdown bitcoin. They can ban it so there will be no exchanges in their country but totally shutting it down is almost impossible.
Yea thats pretty much how it came about
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
I think that a lot of governments most notably China had/has a problem with the Bitcoin concept
bacause they loose control of financial transactions to a degree.
But
Take Japan for instance they are embracing Bitcoin as a means of payment because I think they
realise that Bitcoin and Crypto in general when its decentralised cannot control it.
The internet in todays form cannot be banned or "switched off" because it is an intrinsic part
of the workings of society for banking and communication. An individual country i free to restrict
or ban certain web pages etc. such as Turkey banning Wikipedia in their country.
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
I think that a lot of governments most notably China had/has a problem with the Bitcoin concept
bacause they loose control of financial transactions to a degree.
But
Take Japan for instance they are embracing Bitcoin as a means of payment because I think they
realise that Bitcoin and Crypto in general when its decentralised cannot control it.
The internet in todays form cannot be banned or "switched off" because it is an intrinsic part
of the workings of society for banking and communication. An individual country i free to restrict
or ban certain web pages etc. such as Turkey banning Wikipedia in their country.
So it was basically the institutions and governnants corruption which lead to the crash, which gave breeding to bitcoin concept to born?
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
Bitcoin and the blockchain concept only came about because of the 2007/2008
economic crash and the resulting effects it had on everyone across the world.
The crash is what kick-started the concept that Satoshi Nakamoto created
in order for one person to send funds to another without the need of a banking system.
Well, dont make fun out of me please i will try to explain myself but im really confused because im newbie. Back in the day i was a html geek 15 years ago when i was 13, and that was a lot for my age but left pc world and im back to understanding things again from scratch im noob
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
About the past:
Well if im not wrong internet has become noticeable at 80's and went to popular in 90's... but since these processors were advanced enough, why bitcoin idea came until 2000? Wasnt it the right time to appear, even as a draft project in 1990? And start creating the first bitcoins at least crypted with cpu units of this time?
About the future:
Well did some govermnts shut down bitcoin already? What if all gvrmnts do it? Do we have to buy and shot to orbit our own satelite? Do we have to start developing an alternate underground internet web? Beyond the sewers? Between the trees and under the bridges? At our own building heights? So central pirate or clandestine servers and antennas of each city can be conected to internet users shelters? This is just hypotetical... I know im talking too far but... what if?
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