Maybe governments can stop bitcoin after all - page 15.

MiF

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Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Some government cant ban the bitcoin directly because of advantages that they can get are more than the disadvantages but if they really do not want to support bitcoin and want to shut it down then the only chance they will have is to ban the ICO'S not the bitcoin itself but still bitcoin will survive because they need to ban directly the trading and investing of every sites too. China did not ban the ICO (i think this is your source of speculation) but they just regulate it in which more of us are in favor for the regulations.

derdk

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i dont know. botcoin can be stop by government maybe. like china banned bitcoin but im not sure people in there not use bitcoin. just for my opinion
though, government take salary from bitcoin. because bitcoin more profitable if you can use

tobs

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Quote from: franco123 on October 08, 2017, 03:28:57 AM

Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Yes they can. This is actually the biggest risk we have in investing to Bitcoin. Maybe we are over thinking if we said that they could ban Bitcoin totally. But what is most likely to happen which is also bad for the Bitcoin traders is instead of banning, the government might impose high tax on Bitcoin transactions. This will lead into a dramatic decrease of new Bitcoin investors and traders that will eventually decrease the demand and the price of value as well.

How can government impose tax on bitcoin transactions? If people take enough precautions it's untraceable or at least unproofable that you own that wallet or have made that payment which is in fact bunch of random numbers. But I think I understand, what you mean by that, and yes if there are any laws limiting bitcoin usage, a lot of people will dump it as soon as possible and it will go back to that underground dark web only for drugs and weapons usage. Or maybe even for that illegal activity there are new and better cryptocurrencies that are focused on anonymity. So yeah, it seems like one bad decision and bitcoin is doomed. However, I think that many rich and people of power has invested in it and they won't allow for such laws to pass, I guess.

franco123

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Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Yes they can. This is actually the biggest risk we have in investing to Bitcoin. Maybe we are over thinking if we said that they could ban Bitcoin totally. But what is most likely to happen which is also bad for the Bitcoin traders is instead of banning, the government might impose high tax on Bitcoin transactions. This will lead into a dramatic decrease of new Bitcoin investors and traders that will eventually decrease the demand and the price of value as well.

jaysabi

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Quote from: Rhum142 on October 02, 2017, 12:55:04 PM

Cryptocurrencies are decentralized products traded largely on centralized exchanges. Cryptocurrency proponents note that an advantage of cryptocurrencies like bitcoin and litecoin is that reliance on or trust in a third party is not required to transact. Centralized exchanges, however, themselves may make it hard to open an account or may place restrictions or ban the withdrawing of funds or cryptos. Centralized exchanges can also be be hacked or closed by governments. Thus, centralized exchanges may run counter to one of the advantages of transacting in cryptocurrencies

That's because exchanges are portals between the traditional fiat world and the crypto world. While the crypto world for now largely operates in an environment devoid of regulation (for now), exchanges have one foot in each world, and the foot in the traditional world still has to deal with all the traditional regulations as far as KYC and AML prevention. As much as everyone wants to tout the decentralized nature of bitcoin and other cryptos, the truth is that it doesn't work very well without gatekeepers or points of centralization (i.e., exchanges), and at this point, people don't trust (and shouldn't!) exchanges that aren't regulated. The future is regulated, and that's not necessarily a bad thing.

balakang00

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Ofcourse they can, they can make it stop because government controls all in general. They are the one who make bills and laws so if they saw a negative effect of bitcoin it surely be stopped.

FLoving

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Quote from: Doomzoom on October 05, 2017, 12:10:24 AM

Government never not stoping BTC

If we see the contribution of bitcoin in order to make the economic condition of any country more stable, then we’ll be remain with no reason to support this argument. In fact, the government will take it as a very good opportunity for making the economic condition of the country better. Government will take positive steps in order to promote this usage of bitcoin.

gamalzour

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Quote from: ekoice on September 28, 2017, 03:14:38 PM

Yes,of course,bitcoin's price faced a slight fall due to china's actions.But we should also take in to account that bitcoin recovered very soon and its now $4,153.Also,we could not expect all the countries to have the same idea as china regarding bitcoin.Even its neighbours japan,south korea,vietnam takes completely different stand about bitcoin.Most of the governments are in an idea to only welcome this innovative technology bitcoin.So,there is no such threats to be worried about.

No government can ban such a profitable and evergreen business inviting investment because no one wants to lag in development world has moved toward the digital currency and if someone ban it this mean he is refusing progress , business and profit so don’t say like this bitcoin is not in hands of governments it is in hands of investors.

wetlight

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Quote from: hase0278 on September 05, 2017, 09:13:06 AM

Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

I agree with you somehow OP that this is not a laughing matter and not that far from reality. It is very possible for governments to stop bitcoin but most probably governments will not do this in the near future. Even if everyone says that government could not stop bitcoin completely, that remnant of bitcoin would be only like a shitcoin or a coin with a very low value. Even if that is the case, I think this is not the time to think about it because it is not our concern for now.

By the time that the most influential countries can get together and try to ban cryptocurrency, the technology will be widely used for it to be banned!
Eventually i see many countries trying to go after the coins that really make the user anonymous, but after the Panama paper leak and nobody got to jail, it only shows that the governments don't really care about that! It is all talk! Most of the Wall Street CEOs still call the cryptocurrencies a "farce"! Blockchain is the next step in the evolution of money!!

madwica

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Quote from: Sadlife on October 05, 2017, 01:34:21 AM

Your really mistaken to this kind of logic. It needs to tak a lot more to be able for governments to stop bitcoin unless they shutdown the internet well that could bring bitcoin down but we all know that is very unlikely to happen cause if they do that it would be like a suicide, a very bad move, self destruction. Bitcoin has grown the number of users, merchants using it is way bigger than before and som are heavily invested. Bitcoin is unstoppable.

Correct even government not adopt bitcoin we can still access and use it but i think government not stop or ban bitcoin because it has a big help to all people in each country to get money and avoid the poverty in such country. Instead bitcoin would be legalized and imposed tax by the government to have additional income to do some project to help poor people in their country.

Now bitcoin has many investors and users i think if government wanting to stop bitcoin many people will get angry because bitcoin is one of the best source income nowadays.

Dontme

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Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

In my own opinion goverment wil never stop bitcoin because of the easiness to do transacts through bitcoin. It is more convenient and fast. A very high upgrades through modern technologies. Great concepts and ideas of the owner. The best crypto currency ever. And especially has already High demand which is people value it now and gives more important on how to hold it or buy and sell. I think it will become the great currency in the future. So, goverment cant stop bitcoin.

Sadlife

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Your really mistaken to this kind of logic. It needs to tak a lot more to be able for governments to stop bitcoin unless they shutdown the internet well that could bring bitcoin down but we all know that is very unlikely to happen cause if they do that it would be like a suicide, a very bad move, self destruction. Bitcoin has grown the number of users, merchants using it is way bigger than before and som are heavily invested. Bitcoin is unstoppable.

gameK

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The leaders of goverments are waking up to the idea that they can have control over the value of the Bitcoin. It's impossible for that ideal, to stop it you have to make everyone who is holding Bitcoin lose the trust which they was given to Bitcoin already. Noone stocks Bitcoin or trust in it. That is the way to stop Bitcoin after all. But it's a negative actions and i think it won't happen.

Doomzoom

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Government never not stoping BTC

appleffi

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I don't think government can stop bitcoin in the coming years but I do think they will soon have a share on each individuals who use bitcoin to gain profit, especially when they pass a law to tax bitcoin users. Also if I were to based it on my countries condition, bitcoin has not yet caught their attention or any other digital cryptocurrency that is available around the world.

jhongzjhong

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I think that's not gonna happen here in bitcoin our government can't stop bitcoin maybe they were have a law to pay taxes and bitcoin to become legalize to all company and me use for online paying transaction..

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Quote from: Lieldoryn on October 03, 2017, 07:05:45 AM

If bitcoin will be traded only on the exchange or exchange we will always be under attack by the government. Only in the case if you will be able to use bitcoins as a currency regardless of the wishes of the government, we will have prospects.

The bitcoin trading and the investing are increasing now more people invest in bitcoin and they trust in bitcoin. The price and the value of the bitcoin is increasing so I don’t think the government will ever stop the use of the bitcoin, it is very important o have the large amount of the bitcoin and the increasing price will be very high if the government will make it legal for us.

robotrobert

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Quote from: Victorycoin on October 01, 2017, 11:00:40 AM

Quote from: electronicash on September 30, 2017, 07:22:02 AM

Quote from: goldade on September 05, 2017, 10:26:51 AM

Quote from: OmegaStarScream on September 05, 2017, 04:49:41 AM

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

What is really happening is a form of set back and short lived victory for government because deep down within, they will start rejoicing that a policy like this a go a long way in crashing the price but little did they know that this is another one of their arsenal let out of the bag and the fall in price is a form of retreat in other to come back stronger against gimmicks like this.

korea had already declared ICO bann. but it seem not affecting at all. not a news that we'd buy right? soon the news about more countries banning BTC and ICOs might just be ignored. and investors will just go on without even leaving a comment.

the only reason why they panic is because chinese investors have no balls. SNM will shine.

Banning ICOs is certainly not the same thing as banning Bitcoin, which seems most unlikely to happen because banning a decentralized system is like chasing the wind and the governments would have already done so if it were something they could readily do, but it isn't really something that can be all said and done.

As turning black money into white one is a serious issue and many governments are working on it so that they can allow it to use freely and banning is not the solution to every problem things can be sorted out in other ways also and no one can stop bitcoin until internet as well as all humans are down so invest in good way there will be no problem.

Ewinsane

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Quote from: AlphaWolf on September 28, 2017, 10:26:44 AM

Not really. What makes you think of that?
There is too much miners and investors that cannot be left just like 0.
Bitcoin getting deeper in population of earth every day.
Why would someone even think about that? No. Simply no.

It is in the hands of the government to ban the bitcoins throughout the world but it has not been possible yet because of its decentralized nature.

Bitcoins are being used all over the world for the sake of economic matters and as it does not belong to one country or nationality, therefore a massive movement dependent upon the collective efforts is required for stopping its use over all. So the governmental ban is possible but not in the near future.

BitcoinMuscle

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Governments can do anything because they control the world and pretty soon they will start having troubles with bitcoin. They are not going to stop it but they are going to create some laws about taxes and maximum amount of bitcoin you can get caught(this seems ridiculous). Since they can make money from something they are not going to close it.

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