Maybe governments can stop bitcoin after all - page 31.

OmegaStarScream

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Quote from: aoluain on September 06, 2017, 09:08:29 AM

Maybe governments can stop Bitcoin, But do they want to?
There are so many famous people using bitcoin and possibly
some politicians around the world who have Bitcoin, they will
not want to see it banned or outlawed.

The banking system literally killed people (and whole nations) simply for money or because they didn't want to follow them. I find it weird to believe that they won't actually make a simple law to make it illegal whether some politicians use it or not, these people can easily be paid or blackmailed.

c++btc

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there are some altcoins, ico's that are centralized so they are known and they will be banned in the country of china, but for sure this wont happen in bitcoin because all of the place in the world there are people that hold bitcoin .

iqlimasyadiqa

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Quote from: maeusi on September 06, 2017, 06:43:05 AM

Bitcoin will not be stopped by smart governments because they also gain profits via tax on it. But even they would try, they can't. May Bitcoin price fall down, it always will have a worth because their are already to many real Bitcoiners who also will hold, if it falls down to the ground and who don't care any bans. It is decentralized so ban is senseless.

bitcoin is beneficial to all sectors, we as citizens and also the state that regulate it would benefit in the form of financial improvement. people who use bitcoin more and more will find it easier to get jobs, this will make government work more lightweight because their burden on the unemployed citizens will slightly decrease.

cryptojac17

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Quote from: joromz1226 on September 05, 2017, 05:05:54 AM

No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.

As of now there is no definite effect to the economy of a certain country so the possibility is buying is still legit to some country and in fact it will uplift the economic status their citizen because of extra income, if people had extra money they will buy and the market place will increase profit and the more the government can collect more taxes.

pearlmen

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Quote from: bamboylee on September 06, 2017, 06:34:17 AM

Initially that would be a normal reaction. A country bans bitcoin, weak hands dump. Then they realize that bitcoin is unaffected by those bans, they buy back. Government can't control bitcoin and bitcoin will remain functioning even if more countries try to control or ban it.

I think there is a bigger force at play here because anytime there is a news around, it does not just start affecting the direction of price but all of a sudden, someone just dump and others starts following at the end of the day the ones who lost out will wished they never dumped in the first instance. The news in itself is not bad and I don't think government is winning at the moment.

iram1011

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What I think is rather than being concerned, you should be happy. After such a big shut down in one of the dominant country in cryptocurrencies, market recovered in a day and is back to momentum, of course except some coins. This shows that market is quite stronger than before and is maturing. In future with better userbase, such dumps would decrease significantly.

ICO shut down by Chinese government is for safeguarding their people for potential scams. On a government point of view, it wasn't bad at all. They haven't banned Bitcoin or other cryptocurrencies and that will less likely to happen. There is no threat.

aoluain

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Maybe governments can stop Bitcoin, But do they want to?
There are so many famous people using bitcoin and possibly
some politicians around the world who have Bitcoin, they will
not want to see it banned or outlawed.

Actually there was a thread recently stating that some
government officials from some country had Bitcoin as part of
his investment [apologies for the vagueness]

Anyway 2017 is a year where we have seen Japan and Australia
recognise Bitcoin as a form of payment, which means a degree
of regulation and in Australias case they are attempting to
solve the double taxation there, [something I am not familiar with!]
and they are also looking to attract digital currency industry
into the country while at the same time try to clean up the
"illegal" side of crypto.

We recently see Vietnam recognising Bitcoin positively as well as
South Korea, China [apart from ICO Bans] and Russia as well as others.

So this has been a positive year, there is a lot more to do and to happen!!

apologies I hope I didnt go off topic Huh

?

Seansky

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Quote from: richkellj on September 06, 2017, 07:39:06 AM

I don't know why people are taking the illegalization of ICOs by China as a threat to the world of crypto currencies. Majority is behaving like the bitcoins is going to die. It won't be banned and China is one of its biggest users. It was a political move and need of the time for China so everybody just calm down.

Let then be because they are just spreading their typical FUD that they always do when there is a similar news. They always have gone to such lengths just to buy cheaper bitcoins. At least we know the truth that government can stop bitcoins and most will not try to stop it because the usage of many bitcoin users of btc benefits them too specially when some converts into fiat.

richkellj

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Quote from: webtricks on September 05, 2017, 10:24:10 AM

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.

There is no doubt that 95% of Bitcoin users will abandon it the day it get banned. But Bitcoin and Blockchain technology aren't much threat to country's economy or laundering.
Whereas ICOs are unregulated form of crowdfunding where government has minimum control over cash inflows/outflows. So there is need that ICOs should regulated or banned, else people will be scammed more often.

I don't know why people are taking the illegalization of ICOs by China as a threat to the world of crypto currencies. Majority is behaving like the bitcoins is going to die. It won't be banned and China is one of its biggest users. It was a political move and need of the time for China so everybody just calm down.

HARRYscotter

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it cant beacuse it is out of control and no one hacked it

maeusi

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Bitcoin will not be stopped by smart governments because they also gain profits via tax on it. But even they would try, they can't. May Bitcoin price fall down, it always will have a worth because their are already to many real Bitcoiners who also will hold, if it falls down to the ground and who don't care any bans. It is decentralized so ban is senseless.

bamboylee

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Initially that would be a normal reaction. A country bans bitcoin, weak hands dump. Then they realize that bitcoin is unaffected by those bans, they buy back. Government can't control bitcoin and bitcoin will remain functioning even if more countries try to control or ban it.

mahendra-13

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Hey!

Is it true that in Russia there is no law regulating mining ? Shocked

KnightElite

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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 is impossible in our country because the BSP (Bangko Sentral Ng Pilipinas) is supporting the bitcoin and all of the cryptocurrency as well. I can say that we are lucky because the government that we have is supporting the bitcoin.

matuson

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Quote from: Lumada on September 06, 2017, 05:38:48 AM

Quote from: Hamphser on September 06, 2017, 05:22:43 AM

Quote from: mharz on September 06, 2017, 04:00:27 AM

Quote from: Vika0170 on September 06, 2017, 03:54:36 AM

In our country, the government wants to control bitcoin and collect taxes from it, but it still does not dare to accept it. I think the authorities are panicking because of the fact that it constitutes a serious competition to the banks.

Likewise in our country, because as per news bitcoin were used by the government in corruption. Some higher position in our country were put their fund in the bitcoin. But I think government of each country had no power to stop bitcoin, however if the all government of each country had unite I think they can create a power to stop bitcoin.

They can really stop if all governments would really decide to ban bitcoin and dont ever recieved any related services on their place but talking on stopping people on using it then i would say it would really be a hard thing for them to stop. Anyone can use it without any required permissions from them which government would really be worried of.People can really have the control of their own money.

There are still ways to access it whenever they wanted, there are vpns and sites to use if we want to still access btc , it's decentralized and it will be hard to manipulate btc by the government.

I'm sorry that people don't understand that really a war of governments, bitcoin has already begun. We do not see any activity because bitcoin is still not very common, but it will be mandatory. Our biggest vulnerability is that we are forced to periodically change bitcoins to Fiat. If we manage to establish direct trade with bitcoin it will be a victory.

HasHe

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Quote from: eternalgloom on September 05, 2017, 05:11:09 AM

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.

But the longer they wait, the harder it will be for governments to make Bitcoin illegal. More and more companies are now getting involved in Bitcoin mining, trading & other aspects, they also pay taxes.
I really can't imagine Bitcoin being made illegal in Europe, the US or Australia for example, there is too much support from within the governments in those countries.

I know it's just a hypothetical question, but I could never see this happening in real life.

Just SEC of US has regulated and PBOC has totally banned ICOs.PBOC has even asked those companies which have raised their funds for ICOs to refund to the investors back.Now,just block chain companies would start to move to friendly countries like Europe and would still continue to launch ICOs.So,they could not stop bitcoin.On one side,bitcoin is being legalized in Japan and it is to be legalized in vietnam soon.On the other side,china is taking all necessary steps to weaken bitcoin.But if we see on a long term basis,it is good for bitcoin environment to get out of china's dependence totally.

Lumada

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Quote from: Hamphser on September 06, 2017, 05:22:43 AM

Quote from: mharz on September 06, 2017, 04:00:27 AM

Quote from: Vika0170 on September 06, 2017, 03:54:36 AM

In our country, the government wants to control bitcoin and collect taxes from it, but it still does not dare to accept it. I think the authorities are panicking because of the fact that it constitutes a serious competition to the banks.

Likewise in our country, because as per news bitcoin were used by the government in corruption. Some higher position in our country were put their fund in the bitcoin. But I think government of each country had no power to stop bitcoin, however if the all government of each country had unite I think they can create a power to stop bitcoin.

They can really stop if all governments would really decide to ban bitcoin and dont ever recieved any related services on their place but talking on stopping people on using it then i would say it would really be a hard thing for them to stop. Anyone can use it without any required permissions from them which government would really be worried of.People can really have the control of their own money.

There are still ways to access it whenever they wanted, there are vpns and sites to use if we want to still access btc , it's decentralized and it will be hard to manipulate btc by the government.

Hamphser

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Quote from: mharz on September 06, 2017, 04:00:27 AM

Quote from: Vika0170 on September 06, 2017, 03:54:36 AM

In our country, the government wants to control bitcoin and collect taxes from it, but it still does not dare to accept it. I think the authorities are panicking because of the fact that it constitutes a serious competition to the banks.

Likewise in our country, because as per news bitcoin were used by the government in corruption. Some higher position in our country were put their fund in the bitcoin. But I think government of each country had no power to stop bitcoin, however if the all government of each country had unite I think they can create a power to stop bitcoin.

They can really stop if all governments would really decide to ban bitcoin and dont ever recieved any related services on their place but talking on stopping people on using it then i would say it would really be a hard thing for them to stop. Anyone can use it without any required permissions from them which government would really be worried of.People can really have the control of their own money.

Astvile

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Yeah it may be but its not worldwide i think

.A government on a certain place can fully ban bitcoins at their place but not in the entire world,but still in the point of governments can stop bitcoins after all they have control all over in their country

galestorm

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Futurov

The government has the authority in doing so and if that happens there's nothing we can do about it but to sell our bitcoins in the hopes of earning profit. I dont know why certain country's even think about such a thing. There's nothing wrong about ICO, in fact it helps most of us to earn money. Im just glad that the country that i live in doesnt consider it as an issue that needs to be stopped.

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