Maybe governments can stop bitcoin after all - page 20.

yndye

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 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 this one. Though it is hard to accept it that it may happen but there is a possibility. We know that bitcoin is decentralized and cannot be controlled by government but they will always find a way to get a hold of it or if they can't control it then eventually make a law to ban it. There is also the thing of regulating the exchanges but if it threatens their financial industry then eventually they would ban it. The good thing in where I am residing is that our country is open to using bitcoin and even have regulations and warnings about it. If it may happen that they will ban it then I would eventually sell my coins because I don't want to risk being fined or in jail because of bitcoin. Might as well find another way to earn than being in prison.

Frostyroar

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Quote from: streetlight on September 24, 2017, 03:31:10 PM

OF course governments could stop Bitcoin, because they have the power to censor the internet.

Yes i agree governments can stop bitcoin if they work together and ban it at the same time. We saw after the ban of China that bitcoin fell very hard what if the world had banned instead ?

I think that bitcoin would have fallen and that now some other altcoin has taken his place.

supandi wiharja

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I do not think it will happen, because to stop bitcoin, governments around the world will also automatically stop the internet network. Because of the overall dependence of everyone on the internet has become everyday life.
I can not imagine, if the world without internet network and bitcoin.
I am sure the government will consider before its decision to stop bitcoin altogether.

Gliassa

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Government gains funds through taxes, I suggest to just earn taxes from bitcoin. how?, well our government in our country accept bitcoin and now they earning through foreign exchange. People can invest in this establishments where our government permits to operate. And also the unemployment and underemployment rate in our country become lessen as more people in our country uses bitcoin.

carllpet

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Quote from: mozillaspez on September 25, 2017, 01:42:07 AM

Quote from: UsernameBitcoin on September 23, 2017, 08:29:44 AM

Governments can't stop Bitcoin because it has no borders. Bitcoin is a decentralized network of computers with an insurmountable has power. Maybe before, but not anymore.

The main thing is that bitcoin is decentralized and people cannot stop bitcoin actually bitcoin is attracting everyone now a days and bitcoin is going viral day by day so it is hard to stop and let down because it is going viral on daily based.

THat is also what I am saying. Governments can do whatever they like but they can not stop the progress of bitcoin.

mozillaspez

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Quote from: UsernameBitcoin on September 23, 2017, 08:29:44 AM

Governments can't stop Bitcoin because it has no borders. Bitcoin is a decentralized network of computers with an insurmountable has power. Maybe before, but not anymore.

The main thing is that bitcoin is decentralized and people cannot stop bitcoin actually bitcoin is attracting everyone now a days and bitcoin is going viral day by day so it is hard to stop and let down because it is going viral on daily based.

carllpet

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Governments can ban but will chinese people stop doing what they have been doing? Also if they sell their bitcoins then it will be beneficial for some people as they will drop prices.

Ulala-buba

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 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.

It is quite possible that, as you wrote, but I don't believe it. We can only guess. Let's wait and see.

betlord90

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Quote from: @prashant on September 24, 2017, 10:01:48 PM

Quote from: Ayiranorea on September 24, 2017, 09:48:43 PM

Quote from: Konthol Ngaceng on September 24, 2017, 09:40:53 PM

Actually the government can do it anytime, but of course they have special analysis and consideration so the government let bitcoin. if one day there is a special regulation about bitcoin, of course, aimed at protecting the regular currency.

I don't think governments can eradicate the usage of bitcoin, because in the past when certain countries banned bitcoin the users still had accessibility to the usage of bitcoin. I don't think that governments will focus much on banning rather than using it for effective functioning same as that used by Russia.

government can not do anything ,they have to take proper notes of different economy,first of all cryptocurrency is decentralised and government cant control over it.yup price dumps we have seen due to recent ban on ico but its only new holder who got impatient of selling it and nothing else,back in 20110-2011 ,bitcoin was consider as illegal still price soar to great height.

We can see the controlling of it in china and look what happen it contribute for the price get down and I think the supply of Crypto aswell with bitcoins on there became lessen since the government push to unable the used of bitcoin aswell with the other alts in there country. And this one will imply to the other country to if government will see bitcoin as bad E-money.

notyours

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If I ask you seem to have a hard time getting the government to stop the bitcoins. Especially now it's a solid one. And many people remain faithful to it. And the only possible thing to do to get it totally illegal is if it's something wrong do. We can do the example is the Fall of the banks. And if this happens they'll probably stop. But it still can not be terminated.

@prashant

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Quote from: Ayiranorea on September 24, 2017, 09:48:43 PM

Quote from: Konthol Ngaceng on September 24, 2017, 09:40:53 PM

Actually the government can do it anytime, but of course they have special analysis and consideration so the government let bitcoin. if one day there is a special regulation about bitcoin, of course, aimed at protecting the regular currency.

I don't think governments can eradicate the usage of bitcoin, because in the past when certain countries banned bitcoin the users still had accessibility to the usage of bitcoin. I don't think that governments will focus much on banning rather than using it for effective functioning same as that used by Russia.

government can not do anything ,they have to take proper notes of different economy,first of all cryptocurrency is decentralised and government cant control over it.yup price dumps we have seen due to recent ban on ico but its only new holder who got impatient of selling it and nothing else,back in 20110-2011 ,bitcoin was consider as illegal still price soar to great height.

Ayiranorea

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Quote from: Konthol Ngaceng on September 24, 2017, 09:40:53 PM

Actually the government can do it anytime, but of course they have special analysis and consideration so the government let bitcoin. if one day there is a special regulation about bitcoin, of course, aimed at protecting the regular currency.

I don't think governments can eradicate the usage of bitcoin, because in the past when certain countries banned bitcoin the users still had accessibility to the usage of bitcoin. I don't think that governments will focus much on banning rather than using it for effective functioning same as that used by Russia.

Konthol Ngaceng

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Actually the government can do it anytime, but of course they have special analysis and consideration so the government let bitcoin. if one day there is a special regulation about bitcoin, of course, aimed at protecting the regular currency.

Superways

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Quote from: Pumapipa on September 21, 2017, 12:17:43 AM

Maybe if bitcoins become a threat to their national currency and also their trading, then they may be able to ban cryptocurrencies. I don't know what's the deal with China making bitcoins illegal but from what I heard, bitcoins made their market weak. If this is so, then governments may ban CC as well.

May be you are right because they can be a threat for national currency which is not so much beneficial in the country’s interest. China has banned bitcoins in their country because bitcoins have weakened their economy as china has very large number of bitcoins investors. So governments may take action against bitcoins.

Yamifoud

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Actually government can do that, as we observed now more countries are making this legal and the time will come that government will take controlled with bitcoin. Once it is abuse by the authorities, a big possibilities that it could affect bitcoin investors and crypto changers relationships with the government and war begin, possibilities that will it make crypto world down.

Kita Kita

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 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 think it will not happen because as we can see and observe, there are lots of bitcoin users, consumers and investors across the world that have been using bitcoin as a total currency that provides them benefits to cover their needs and wants. It is also impossible for the government to control the bitcoin cryptocurrency because bitcoin was known for being decentralized that make it apart from the government. If it will happen that government of different countries will totally ban bitcoin usage and exchanges, it will be a big chaos since people might do a rebellion to oppose such doing of the government that is against their will and rights to earn a decent income online.

buharikx31

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I think it's really hard to stop people from using digital currency because of the ammount of platforms which provides you all of that functionality which relly hard to stop, i think using VPN and other services like that you can use digital currency

patt0

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 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 don't think that will happen. Take a look to Venezuela, even though bitcoin is not illegal there, most miners are being chased by the police and government, but they are still using it. I think that bitcoin can only be made illegal in countries that live in very strict regimes, but even if it gets illegal on many others, people will still use it anyway. For instance, I'm pretty sure that piracy is illegal in almost every country, and people still use torrents even if they don't have a license for what they are downloading. I guess it will be the same with bitcoin if it ever gets to that point. Although I don't think it will ever will.

streetlight

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OF course governments could stop Bitcoin, because they have the power to censor the internet.

malikusama

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Bitcoin and cryptocurrencies are still illegal in many countries and most of them have made very strict law against it but still the community is growing day by day and the price too. Don't be scared mate these restrictions are for time being as they were in the past.
Now this tsunami of bitcoin users is unstoppable, all the efforts and conspiracies of government against the bitcoin and cryptocurrencies to make them devalue and unstable have failed.

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