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.
That is a sad reality. But I do not see bitcoin stopping from now. There is no stopping bitcoin. Even if it is declared illegal by some countries, bitcoin still becomes unaffected and value continues to rise. China once banned btc but they made a counterdecision to reverse it and make it legal. 
Topic: Maybe governments can stop bitcoin after all - page 4. (Read 11342 times)
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.
the government in my country is planning to generate income from bitcoin instead of stopping it. they are trying to find a local name for bitcoin to enter the literature. and then they plan to buy tax on bitcoin. I hope they will not succeed in this.
Unless they attack HUGE btc holders I don't think they have a chance, people who creates stuff to be used with btc are these using them and the government has no chance to change it
Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.
No, What ?
,Who said and what are you reading ? Bitcoin transactions are under observation and they might bring some regulations regarding taxes system for bitcoin but they are not going to ban bitcoin after all they were so supportive for bitcoin in the past and also people were giving reference of South Korea how they have manged to expand bitcoin in their country. South Korea plays a vital role and they also earn much revenue from this system if introduced taxes and will never ban a stuff which helps them to earn them so much revenue. will not happen because the government is not able to make a global vote, there will always be countries that appreciate the development of bitcoin because of its potential. so if there are some governments that are voting to reject it will have no effect because there will be an opposing state, the only way is to enact a rule on bitcoin completely and be signed together because bitcoin can not be stopped.
I think it is beacause when the bitcoin become famous to all country so they have posssibility that majority of people in one country who using bitcoin become dependent to the profit that came from btc. So if the majority of people depend only on the btc profit how about the tax of one country if the mojarority of people only depend the bitcoin currency the government can stop bitcoin because bitcoin no tax.
Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.
No, What ?
,Who said and what are you reading ? Bitcoin transactions are under observation and they might bring some regulations regarding taxes system for bitcoin but they are not going to ban bitcoin after all they were so supportive for bitcoin in the past and also people were giving reference of South Korea how they have manged to expand bitcoin in their country. South Korea plays a vital role and they also earn much revenue from this system if introduced taxes and will never ban a stuff which helps them to earn them so much revenue.
It has been already tried before, people went underground and bitcoin still thrived.
The idea now has taken hold on people and the governments will have a hard time dislodging it.
Best thing governments can do is regulate it.
Freedom provided by bitcoin is its selling point. Though, in the end, we still have to work with the government so, regulation is the key and not banning.
The idea now has taken hold on people and the governments will have a hard time dislodging it.
Best thing governments can do is regulate it.
Freedom provided by bitcoin is its selling point. Though, in the end, we still have to work with the government so, regulation is the key and not banning.
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.
We all know bitcoin is good to us,because some people doing this to earn a money, so that is important to those person they no job.And i think bitcoin is legal to many country, so that many people complaints in to the governments.And those people needs a work, so that can easy to work in bitcoin, because of internet. 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.
They can try but this type of system can't be stopped because there are more people on this side of the storm then the ones who are trying to stop it. As long as we stay true to the vision of bitcoin and don't sellout it will always work. The key is to not sellout because there will be a selloff and it matters how many strong hands are left that will decide whether bitcoin remains or not. Overall I like to think the hands are quite strong and we will keep the system in tact for years to come. No doubt though governments will try to intervene or even have their own coin, I just think they can't stop what bitcoin will one day become.
Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.
No, What ?
,Who said and what are you reading ? Bitcoin transactions are under observation and they might bring some regulations regarding taxes system for bitcoin but they are not going to ban bitcoin after all they were so supportive for bitcoin in the past and also people were giving reference of South Korea how they have manged to expand bitcoin in their country. South Korea plays a vital role and they also earn much revenue from this system if introduced taxes and will never ban a stuff which helps them to earn them so much revenue. Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.
No, What ?
,Who said and what are you reading ? Bitcoin transactions are under observation and they might bring some regulations regarding taxes system for bitcoin but they are not going to ban bitcoin after all they were so supportive for bitcoin in the past and also people were giving reference of South Korea how they have manged to expand bitcoin in their country. South Korea plays a vital role and they also earn much revenue from this system if introduced taxes and will never ban a stuff which helps them to earn them so much revenue. 
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.
the government in my country is planning to generate income from bitcoin instead of stopping it. they are trying to find a local name for bitcoin to enter the literature. and then they plan to buy tax on bitcoin. I hope they will not succeed in this.
Some of them already banned Bitcoin transactions, for example South Korea. So i think most governments still don't know what to do with Btc and somehow they assume it's a threat for themselves.
there may be some countries that their government may make bitcoin illegal but there more more countries also that the government supports bitcoins. so i can't see the fallen of bitcoins in the future. what i see is that bitcoins will be discuss in the senate worldwide someday, not to make it illegal rather than to make it legal.
Many governments are banned bitcoin, the government is worried that the use of bitcoin can create big problems for the country's economy, bitcoins can not be controlled so that risky to speculators disrupt the economy of a country.
I think to stop very difficult, because the circulation is very limited and bitcoin security system is very safe. if the government will stop bitcoin then it takes a very hard effort to do it.
Governments cannot stop Bitcoin, they are still studying modality where and how it will be of benefit to the government and also to the Banks that is in country where bitcoin is accepted and is been use.. Many countries have actually tried to kick against the emergence of Bitcoin and other Cryptocurrency. The government have known that the blockchain technology was design for self use, and need no assistance of bankers. Government , because of the awareness of members of the public cannot achieve their purpose of stopping bitcoin, they may just not approve the general usage, but cannot stop bitcoin.
The fact is most governments do not legalize Cryptocurrency. But the government can not remove it because it is a system based on its users.
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.
They say there is strength in numbers and if this is the route most countries choose then they are half way their but bitcoin is a new technology that is opening the world to new opportunities and its, for this reason, it should be adopted and not banned 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 as much as this sounds scary, its the honest truth and banning bitcoin would prevent other blockchain startups from taking off as they would avoid going the same path as bitcoin.
I think it possibly happen if there are people who abuse Bitcoin that should not be done. If governments together banning ICO like what china does or banning altcoins that possibly can make bitcoin also dissappear.
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