Topic: Lets say they try to make bitcoin illegal (Read 3779 times)

I laughed.  You should submit this stuff to Leno.

Liberty...

• ... in the land that gropes minors and grandparents "for national security"...?
  
  
• ... in the land where you can be detained and your property seized and searched for absolutely no reason, anywhere within 100 miles of a border... an area in which 2/3 of Americans live?
  
  
• ... in the land where a soft drink larger than 16oz can be made illegal...?
  
  
• ... in the land where citizens are unconstitutionally spied on with wiretaps or drones...?
  
  
• ... in the land where you can be tracked and your cell phone tapped indiscriminately,  without a warrant...?
  
  
• ... in the land where corporations are people, the people are subjects, money is speech, and speech is terrorism...

"In liberty we trust..." ??  Wake up, Neo... you're living in a dream world.

Shostak thinks that BTC is not money but rather a new way of employing existent money in transactions. (http://mises.org/daily/6411/The-Bitcoin-Money-Myth)

I want whatever cheap shit you're smoking, it seems pretty good.

I think US will be the most possible place that bitcoin will receive mainstream acceptance, because "In liberty we trust", other nations might be quite conservative with such new idea but they will follow US

Since it is politically neutral, if one country banned it due to some political reason, it might be accepted in another country who have totally different political view

If there were no exchanges as of tomorrow, there would be still 11 mio bitcoins on the loose, every one divisible (almost) indefinitely. Those would be highly-coveted by freedom-lovers all over the world and would be exchanged for real products. At last, all bitcoins will permeate through the supply chain, it would take just little bit more time.

what bitcoin? Nice hat man...  oh look a pony!

C'mon people. Just give every US congressman/woman and senator one bitcoin! And then in few months americans will pay taxes in BTC ;-)

Then we would be living in a society where free speech is deemed illegal.

I dont want to be rude but I dont think you fully understand who and how powerfull the one making the money are. these people control the government. they are a group of people that are not elected and are in charge of the federal reserve bank. these people or entity simply prints money and sells it to the US government, how do we pay for the money if its money? with debt esentualy....or government bonds....these bonds are promisary noates that say we will pay back the 100 billion we take out a month and pay it back ...WITH INTEREST. that is why the US is in debt (though a few countries hold these bonds as well, china being the main holder of us debt) but we are only in debt to ourselvs....or the ones that make the money. now you think the actual governmnet will allow this money? this money that is not taxable or traceable? i dont think so. how will they pay for there own jobs and for roads and for schools and for cops and for EMT etc etc etc. i love bitcoin as an idea and for maybe one tenth of the cerculated money but I think its a bad idea to compleatly convert over to it. i do like the idea of just giving some one a five for a tip not .0020003420 bitcoins.

the fed and the gov will come down hard on this and the have many ways....making it illegal is just one of them.

but I could be wrong I guess we will see.

+1 thank you

being illegal, made drugs cost *less* .....now if only they were as transportable as BTC

I've already posted about this happening. Its not matter of if, but when.

And you can't make BTC illegal due to the way its set up, nobody can stop it. So just make exchanges with them illegal.

I think if there is any unrest, it may expand beyond simple legislation and currency legal battles. A change of some sort is on the horizon, I don't think the status quo can remain as it is for that much longer, we're looking at 20-50 years tops, imo. It's starting to fall apart, I fear we're all in for a bumpy ride before things get better.

But I guess we shall see, we are indeed living in an interesting time.  

Why would they make BTC illegal? It helps a lot to fight against precious metals, without bitcoins they couldn't orchestrate a massive paper selling on gold and silver this month. Bitcoin isn't a threat to fiat. Just opposite: BTC helps to increase computer hardware sales, it makes people to innovate. If fiat supports the technology, it will support the BTC. Simple. Gold and silver will never become a friend of technology. And yes both metals are widely used in technology. But I'm talking about the goldbugs community here. Who is more tech-friendly: cypherpunks or goldbugs?

Not yet, anyway.  Until Bitcoin sees majority adoption in any given area, it'll stick with being valued against fiat, as opposed to fiat being valued against Bitcoin.

Because still BTC value is related to fiat, and they control fiat. We really need to break the loop and FORGET about fiat to have a chance, and this is not happening.

I don't agree with the last sentence. There have been many succesful revolutions during history. Why wouldn't we succeed?

Controlling monetary supply = ruling.

Bitcoin could have the potential to endanger the position of the most powerful men in the world, if it really gets serious they won't hand over their power without a fight. And obviously they would very likely win that fight.

Agreed.  If government had any sense of its citizen's well being in mind (especially in light of financial crisis that's awful popular today), it will encourage the use of Bitcoin and/or PM, and fix their mistakes by picking up some form of standard for their own currency (or just ditch it for Bitcoin and stop worrying about it.)

However, most governments, if not all, are directly beneath the foot of the banks, which do not have the citizen's best interest in mind; they only want to make profits.  Because politicians accept bribes (a.k.a. corruption), anything could happen.  If any government knew what it was doing, it wouldn't attempt to limit growth; it would instead encourage it, and would stop censoring the Internet, and allow Bitcoin to grow where it will.

whats illegal about keeping our transaction log distributed?

i don't get it...