Rulers Can ban Bitcoin through the entire Earth! - page 3.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

First, your premise that bitcoin can make Fiat disappear is wrong. What is the reason that you say it so? Banking or Fiat institution has been here and I think they will stay and even though bitcoin has been globally adopted, fiat will not go away. And we should take advantage of both monetary system, Fiat will not be obsolete.

Not all Officials of UN controls a country. As far as I understand, its still the President or a Prime Minister that heads a state and not UN officials. So again your argument is flawed. And no all countries are against bitcoin, do your research and you will see that there's also a lot of nation that is pro bitcoin either by having regulations or adopting it.

And even if a nation ban bitcoin, like China did, their bitcoin community is still thriving, they are still doing trading OTC so it just shows that bitcoin can't be stop.

HabBear

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Quote from: pushups44 on November 25, 2017, 02:33:21 PM

"Rulers" or authorities can ban bitcoin, but it will not stop people from using it as currency. As it is decentralized, there is no way for central authorities to stop it. Arguably, it is this censorship-resistance that gives bitcoin a large part of its value. At some point, authorities are going to have to accept and legitimize bitcoin.

Yeah, it would stop use as a currency because merchants couldn't legally any longer. So Bitcoin will be a store of va.lue. But ut would be tough to liquidate because exchanges wouldnt be able to deal in it any longer.

Samj16

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Well Maybe rulers can implement to ban bitcoin thru some legal actions of one country. But globally speaking there's some countries which legallized this network. We have to embrace that we're on the modern era now of technology:)

pushups44

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"Rulers" or authorities can ban bitcoin, but it will not stop people from using it as currency. As it is decentralized, there is no way for central authorities to stop it. Arguably, it is this censorship-resistance that gives bitcoin a large part of its value. At some point, authorities are going to have to accept and legitimize bitcoin.

bitllionaire

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Quote from: Guzztsar on November 25, 2017, 12:50:29 PM

Perhaps that's not possible, some governments are fully accepting, regullating and even addopting cryptocurrencie and blockchains.
A globally banning attempt could lead to conflicts of interest between nations.

but i do not expect any globally banning attempt, although some countries have banned bitcoin but i am sure that they must overview their decision, and will surely regulate bitcoin because bitcoin is the need to they day and every one has to accept the fact, in future we can also expect that bitcoin will overcome fiat currency and people will then give more priority to bitcoin to use it for shopping and for any other purposes.

HabBear

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Countries ban drugs too and it doesn't stop anyone from using them.

Not the best analogy but it holds true. Countries would have to bannthe internet to really stop Bitcoin. It's a network that existw outaide the government. If the want their taxes and such, governments best play nice.

vaughn125

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Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

Honestly, i really do not think that this can be possible or can ever happen. Since a lot of people are already into crypto currency and the numbers are increasing every singke day. If they do this, the mext scenarios will be bloody. A lot of people will really wake up amd for the first time fight for what they really think is right. All these powerful personalities are only powerful because of the people. And if the people decides enough is enough. The world will be at chaos. Amd they are afraid to lose control. Which is why they hate crypto currencies in the first place. So i think what they will do is adapt and look for ways instead to benefit from this new trend crypto currencies than anger a lot of people.

jekjekman

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Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

If they unite as one and make an agreement in demolishing Bitcoin then they can really do it but I don't see any reason for them to do that because the purpose of Bitcoin is to serve as a digital money to the people and not to destroy any FIAT money of any countries in the whole world.

Bitcoin is almost reaching its 1st decade as a digital money and the price of it increases so fast because many people are now starting to recognize it so banning this thing is like taking away the freedom of the people.

Roboabhishek

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Many countries are working on it but they are unable to find a perfect solution for it.
Since the total currency invested by an individual into bitcoin is not properly shown so doing so might result in a bad move for the economy.

Guzztsar

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Perhaps that's not possible, some governments are fully accepting, regullating and even addopting cryptocurrencie and blockchains.
A globally banning attempt could lead to conflicts of interest between nations.

1NV3ST0NM3

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Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

First of all we must understand that bitcoin is directly or indirectly posing a threat to the current administration due to its decentralized nature. Its volatility is absolutely out of control. But such a world wide ban over bitcoin requires a unanimous consent among the world's top nation which to me seems quite annoying. Countries like USA and China have never agreed on same page. Moreover a country like Japan which is even considered birthplace of bitcoin is absolutely supporting bitcoin directly. So its hard to say that such a thing could happen.

senin

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I do not think that such a situation is possible when the governments of all states will take a joint decision to ban crypto currency. The Crypto currency has already become firmly established in the lives of citizens and government bodies in almost every country, and some of them highly appreciated both the Crypto currency and its blockchein technology. Therefore the point of no return is already passed. This could have been done in previous years, but not now. For example, Japan and the Japanese will never decide to ban crypto currency, at least in the foreseeable future.

mahibul49

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i dont think so.bcz its decentralized crypto and already accepted by many high profile people .so the ruler of all country can ban bitcoin but cant ban use of bitcoin

ldah94

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Currently individual governments lack the authority and power to act against a currency that is DECENTRALIZED as bitcoin but as we already know the decisions they can make regarding its management reflects a great impact on the bitcoin market as it happened in China through a mixture of government legislation and the blocking of popular foreign websites by Chinese Internet service providers. The Chinese government has tried to limit the Chinese, instead of being able to enjoy the entire global network. So if a government decides to make illegal trade or possession of Bitcoins, the demand would plummet and all the exchanges in that country would also be closed and the purchase / sale of Bitcoin would be difficult and risky. This could suffocate Bitcoin in that country.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country,

Have you ever seen authorities around the world to ban something unanimously? They can't even agree on things like nuclear weapons or whether to support known terrorists or not. A worldwide ban of anything is an extremely rare situation. In some countries people are producing and smoking marihuana and in some you can go to jail for it. The world is divided in most things and will remain to be divided when it comes to cryptocurrencies.

dothebeats

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I don't think so. How would they be able to stop something that isn't being controlled by a single entity? This topic has been discussed so many times and the only thing these governments can ban are the exchanges that operates within their jurisdiction and nothing much. P2P trades will still be there and it will be hard for the government to even contain that, what more about something that's completely scattered around the globe?

VitKoyn

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Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

Of course all countries or government can implement a ban on Bitcoin or cryptocurrencies, but the thing is how can they stop digital assets like Bitcoin if it is widely used and even they ban it other people can still trade/use it secretly because Bitcoin is decentralized. There are possibilities that Bitcoin/cryptocurrencies can be use as global currency but I don't think it can replace fiat currency any time soon, the main reason is government will not allow it because they support banks and banks gives financial security to them. We don't really need to replace fiat because it can coexist with cryptocurrencies.

Caelanpelley

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Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

There is no reason for them to ban all people in the world from using it. Up to now, bitcoin has not been bad, nor has it affected the economy of each country. It only causes a partial change. I do not think they will delete it.

Winner

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Look ARROUND!

Quote from: yojodojo21 on November 25, 2017, 09:35:07 AM

We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?

You're thread title is Click-bait.
Most people on here know that Bitcoin can't be banned. BC can survive via Meshnet.

bitart

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I just noticed that daily there are 2-3 topics about 'Bitcoin will be banned everywhere'...
Meanwhile, I'm really sure that there are only a few countries where the governments really want to ban bitcoin, but that's rare and they're really special countries... The rest of the countries have not decided yet what to do with bitcoin, but they are not about to ban it, because they are working on the method to tax it, because banning is a good thing for them, why not to ban, just because they can, but it won't generate any income. If they tax it, they have to legalize it, but it will generate a really good income to the economy, so banning is not really possible.

Topic: Rulers Can ban Bitcoin through the entire Earth! - page 3. (Read 1273 times)