Topic: Maybe governments can stop bitcoin after all - page 29. (Read 11335 times)
Have you ever think about the people buying whatever others are dumping on? there has to be a good reason for them to spend their money on something with the possibility of becoming illegal in the entire world some day. as long as I can remember BTC was supposed to be illegal in the eyes of banking governments, but not illegal in the eyes of justice.
The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.
It shouldn't be involved with the government because we didn't know what government could do to bitcoin. Governments now is very selfish when it comes to money they want that all money will be sent to them those people who are in the government. So I believe that bitcoin should be cared by the developers because once bitcoin will involved to government therefore there's something happened that are not good.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 opinion I think government cannot stop bitcoin. We all know that bitcoin was made from technology and we can earn through internet. The only can stop bitcoin is the internet. Without the internet bitcoin is useless. But government cannot stop also the internet because no one owns internet.
But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.
Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat.
Right and crypto market would likely find itself under these people on top's noses and they will try to find a way to control it. You can't really do anything about it and we can just wait and see how this will plat out or if they government would do something to try and control crypto
There might be opposite of what you suggest op which most of the governments might do instead of banning bitcoin or making it illegal. Governments might make it taxable and try their best to ensure that everyone who earns a good income with bitcoin or cryptocurrencies pays a tax. Bitcoin and cryptocurrencies can be huge source of revenue for governments and after having shown their liking towards the concept and technology behind bitcoin I don't think governments of most of the countries like Russia, USA, Australia, UK, India, Vietnam, Japan would be doing anything to harm bitcoin and make it illegal, they might instead make laws to regulate it but won't ban it.
It is not that easy to stop bitcoin, it is different with ICO where the supports is still small, bitcoin got a world wide users and most of the users are hi tech people, and I believe they can find away to make bitcoin alive, but if government banned bitcoin it will affected bitcoin price a lot
Yes it's not easy to stop bitcoin by the government. As these days bitcoin has been spreading in any countries and attracts more users. So it is really hard to ban bitcoin by the government if this would happen.
It is not that easy to stop bitcoin, it is different with ICO where the supports is still small, bitcoin got a world wide users and most of the users are hi tech people, and I believe they can find away to make bitcoin alive, but if government banned bitcoin it will affected bitcoin price a lot
even if the government fights again BTC, it will still evolve
it will just continue trading under the table or via VPN's if sites get blocked.. that's part of the reason Bitcoin is so popular, it can't be controlled by anyone
it will just continue trading under the table or via VPN's if sites get blocked.. that's part of the reason Bitcoin is so popular, it can't be controlled by anyone
Well in such circumstance it will be illegal and people will refrain from doing any such act ivies once the government put a ban on such things. Why will people like to do things against what government has said and fall under the trap of laws for their rest of the life. Of course it wont stop 100% but only a handful people will be involved than in bitcoin after this.
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.
Yeah, it is quite possible. Governments can ban bitcoin and pass laws to make bitcoin usage a punishable offense, and something like this would stop bitcoin adoption to an extent. But since the governments can't control it, a ban by major countries would have an equally opposite effect. More people would come to know about bitcoin, people who are fed up with the flawed monetary system might start taking an interest in bitcoin, more dark markets.
At around 2013-14, it was more easy to ban bitcoin, but now a ban isn't impossible, but there would be more repercussions.
Bitcoin Bytes Back - An article from 2013.
Quote
In the end, bitcoin is a bet on the other side of The State’s coin; the free market side. It’s a bet that voluntary trade will, in the end, overcome neanderthalic force and coercion. It’s a wager that the conversation currently underway in the shadowy “black” market is far more intriguing, far more complex, far more nuanced and exceedingly more interesting than the yip-yapping that distracts the undead, mainstream TV-consumer for an hour or so around feeding time every evening.
If bitcoin goes to its grave tomorrow – and it may well do so – it will be in service of precisely the point free market enthusiasts have been advocating all along: That it is not for a committee to determine the price of a good (including money itself)…or for a state or a central agency or a law or an edict.
That is for the market to decide. Today, that market says a bitcoin is worth $19. Tomorrow, maybe 19 cents…or $19k. No one body knows…and that’s exactly the point.
If bitcoin goes to its grave tomorrow – and it may well do so – it will be in service of precisely the point free market enthusiasts have been advocating all along: That it is not for a committee to determine the price of a good (including money itself)…or for a state or a central agency or a law or an edict.
That is for the market to decide. Today, that market says a bitcoin is worth $19. Tomorrow, maybe 19 cents…or $19k. No one body knows…and that’s exactly the point.
https://dailyreckoning.com/bitcoin-bytes-back/
For me, its an unwise decision of government to ban bitcoin in their respective nation. Governments gains funds through tax, I suggest that just earn tax 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.
Government should see the potential help it can give to their people. Government that are banning it maybe can't find a way to get something from tit or to corrupt it. If only government know the benefits their country can get through it. 
For me, its an unwise decision of government to ban bitcoin in their respective nation. Governments gains funds through tax, I suggest that just earn tax 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.
even if the government fights again BTC, it will still evolve
it will just continue trading under the table or via VPN's if sites get blocked.. that's part of the reason Bitcoin is so popular, it can't be controlled by anyone
it will just continue trading under the table or via VPN's if sites get blocked.. that's part of the reason Bitcoin is so popular, it can't be controlled by anyone
Correct. They can easily make a law regarding crypto and ban it in their country. That is somehow sad and how can we fight when that will happen to bitcoin.
Who will be the countries that will stay and will support bitcoin or let it be.
I dont think Chinese investors will let this happen and including people who have invested a lot of money buying bitcoin. This will be a fight of the rich and we can only support them.
Who will be the countries that will stay and will support bitcoin or let it be.
I dont think Chinese investors will let this happen and including people who have invested a lot of money buying bitcoin. This will be a fight of the rich and we can only support them.
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.
Bitcoin was in the process of pushing the top of an ascending wedge. In technical analysis that's a signal for bearish correction and was going to happen regardless of any news or not. The ban affected NEO the most any way and it's Chinese ICO's. And The real sad reality is that Americas 19 trillion dollars in debt, with its sole greatest asset on paper being the student loans of its citizens, and that it carelessly prints off money and siphons off inflation to other countries by way of Nixons deal to back the worlds supply of oil by US dollar. If you think this house of cards going to last the rest of your life time the way it is your dreaming. People are going to be begging to get into crypto when the Dow crashes.
They dont have to completely stop bitcoin to kill it.
Introduce a new law where anyone caught using bitcoin gets 20 years in jail and watch the userbase shrink overnight and the price plumet as the majority dump.
You would always get the few that continue to use but but not enough people to maintain current price point.
Nah, most of developed countries are rather liberal and democratic. Such a law will cause major protests of people as well as huge companies that can lose their money due to such actions. Those countries which will perform such actions will simply be crossed out of the most influential ones. I think btc as well as other coins are safe.Introduce a new law where anyone caught using bitcoin gets 20 years in jail and watch the userbase shrink overnight and the price plumet as the majority dump.
You would always get the few that continue to use but but not enough people to maintain current price point.
But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.
Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat.
But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.
Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat.
i trust bitcoin and the dev's of bitcoin for have an issues about banned of ico in more countries like china and russian government, but i believe will reslove this problem, the proposal of the russian government if i'm not wrong, russian want to regulate the bitcoin how to use properly the reason is the bitcoin use of some illigal activities like terrorism.
I am very positive that this will not happened after all. For as long as bitcoin is being used well, these deeds will accumulate what it deserves. Usually people in the government leading them are those not really aware of the new things we have now in our society. By just educating them perhaps will help.
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.
Government has nothing to do with bitcoin because they aren't the one who holds it. And there are no reasons for the government to stop the bitcoin because as we can see the feedback about the bitcoin was very good and it says that it is very advantagable and it helps a lot of person in terms of financial problems.
if governments want to control bitcoin, then i am sure that they have hidden purpose and they will do many things to make sure they can controlled and handle bitcoin. but one thing they should know that bitcoin can not controlled by any people because bitcoin is like a freedom for each people and the system is not centralized so government can not do anything except to watch the transaction without know who is the sender and recipient and for what the transaction has been made.
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