Topic: Russia / China Ban and strict US Regulations - Impact (Read 1923 times)

Quote from: Natalia_AnatolioPAMM on May 06, 2015, 11:05:01 AM

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

How about Putin being president for the third time? how about agreement between Putin and Medvedev on placing Putin back on president seat?
http://www.euractiv.com/global-europe/putin-medvedev-seal-power-sharin-news-507903
http://www.spiegel.de/international/world/the-puppet-president-medvedev-s-betrayal-of-russian-democracy-a-789767-2.html
http://news.xinhuanet.com/english2010/world/2011-09/24/c_131158004.htm
Putin is dictating what he wants and everybody is following him.
http://www.bloombergview.com/articles/2014-12-29/2015-the-year-of-the-putin-dictatorship
http://foreignpolicy.com/2015/02/13/new-model-dictator-putin-sisi-erdogan/

ok, if you're so convinced by these articles to be more right than me by living here for 20+ years - there's no reason to argue. And all my friends and relatives living here as well, and their friends etc... If you think you know better than all these people and their summary opinion- ok. you win

have fun reading all other stuff

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

I don't know what the "strict" regulations are in the US?

maku

legendary

Activity: 1288

Merit: 1000

Quote from: maku on May 06, 2015, 02:34:13 AM

Quote from: maku on May 06, 2015, 02:34:13 AM

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

How about Putin being president for the third time? how about agreement between Putin and Medvedev on placing Putin back on president seat?
http://www.euractiv.com/global-europe/putin-medvedev-seal-power-sharin-news-507903
http://www.spiegel.de/international/world/the-puppet-president-medvedev-s-betrayal-of-russian-democracy-a-789767-2.html
http://news.xinhuanet.com/english2010/world/2011-09/24/c_131158004.htm
Putin is dictating what he wants and everybody is following him.
http://www.bloombergview.com/articles/2014-12-29/2015-the-year-of-the-putin-dictatorship
http://foreignpolicy.com/2015/02/13/new-model-dictator-putin-sisi-erdogan/

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

maku

legendary

Activity: 1288

Merit: 1000

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Mrpumperitis on May 05, 2015, 01:08:23 PM

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Kprawn on May 03, 2015, 10:44:02 AM

We have seen some of the bigger countries turning their back on Crypto currencies.

How will a complete Bitcoin ban by China / Russia and very strict regulations in the USA impact the viability and existence of Crypto currencies?

These are some of the biggest economies in the world and their exclusion will have a huge impact?

Do you feel the remaining countries could make it viable?

no need to worry, check this out
https://bitcointalksearch.org/topic/ann-crave-1st-pos-masternodes-dark-assets-i2p-market-embrace-the-dark-997356 made by ICM , prob the best crypto dev ive seen in years Shocked

Keep the promotion for Alt coins in the Alt coins section please... I see no reason, why a Alt coin would make a difference, if "Crypto currencies" are banned.

Quote from: techgeek on May 05, 2015, 02:26:12 PM

Quote from: Kprawn on May 05, 2015, 08:44:41 AM

Quote from: maku on May 04, 2015, 10:22:45 AM

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

If you ban it, no merchant within that countries borders would be allowed to accept it as a payment method. {That shuts the incentive to use it locally off to the general public}

If you accept it "online" and it gets traced back to you, it will lead to fines or imprisonment. {It's a illegal currency}

Most people would go underground, but it will still hurt the whole Bitcoin community. Sad

Its not a option, so yeah going underground becomes a forced option.

As for the tracing back concept, its why people mix their coins to avoid that conflict depending the volume. Honestly, most of these coins are going for gambling maybe a small percent is held personal reasons to cold wallets.

The problem still though is if the country bans it, it deletes the entire community in that region being less global.

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency. Angry

{Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

Quote from: Kprawn on May 05, 2015, 08:44:41 AM

Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.

sooner or later they will find the way

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: maku on May 04, 2015, 10:22:45 AM

Quote from: Kprawn on May 03, 2015, 10:44:02 AM

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

If you ban it, no merchant within that countries borders would be allowed to accept it as a payment method. {That shuts the incentive to use it locally off to the general public}

If you accept it "online" and it gets traced back to you, it will lead to fines or imprisonment. {It's a illegal currency}

Most people would go underground, but it will still hurt the whole Bitcoin community. Sad

Its not a option, so yeah going underground becomes a forced option.

As for the tracing back concept, its why people mix their coins to avoid that conflict depending the volume. Honestly, most of these coins are going for gambling maybe a small percent is held personal reasons to cold wallets.

The problem still though is if the country bans it, it deletes the entire community in that region being less global.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

We have seen some of the bigger countries turning their back on Crypto currencies.

How will a complete Bitcoin ban by China / Russia and very strict regulations in the USA impact the viability and existence of Crypto currencies?

These are some of the biggest economies in the world and their exclusion will have a huge impact?

Do you feel the remaining countries could make it viable?

no need to worry, check this out
https://bitcointalksearch.org/topic/ann-crave-1st-pos-masternodes-dark-assets-i2p-market-embrace-the-dark-997356 made by ICM , prob the best crypto dev ive seen in years Shocked

mrhelpful

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Merit: 1002

I feel like most of these moves are based on bigger institutions that dont want bitcoin to grow.

If a country bans something, usually they expect others to follow hence why US has strict rules. Most of these transactions are gambling related anyways, so the only impact at this moment are those gambling operators.

If they cant move money, its harder for them to operate. Theres not much impact in overall value since everyone has their own view why they hold bitcoin, but this is based on what I see.

Kprawn

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Activity: 1904

Merit: 1074

Quote from: maku on May 04, 2015, 10:22:45 AM

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

If you ban it, no merchant within that countries borders would be allowed to accept it as a payment method. {That shuts the incentive to use it locally off to the general public}

If you accept it "online" and it gets traced back to you, it will lead to fines or imprisonment. {It's a illegal currency}

Most people would go underground, but it will still hurt the whole Bitcoin community. Sad

maku

legendary

Activity: 1288

Merit: 1000

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

Kaneki

sr. member

Activity: 252

Merit: 250

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

sdmathis

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AKA The Rubber Monkey

Quote from: NapoleonBonaparte on May 04, 2015, 05:58:54 AM

Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.

The U.S. isn't going to ban Bitcoin. They will regulate the hell out of it though.

Amph

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Merit: 1070

Quote from: Gargulan on May 04, 2015, 04:48:48 AM

Quote from: Gargulan on May 04, 2015, 04:48:48 AM

Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.

Btc will not be competitive without local bank support.

Why is that? Isn't btc suppose to replace the current banking system.

he mean that it would be troublesome to go abroad for using bitcoin, so this ban could seriously hamper the growth of bitcoin

but it will be always possible to find a way and use your bitcoin in your local zone, we don't need banks to exchange bitcoin, you can do it in real life and not online

NapoleonBonaparte

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Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.

Btc will not be competitive without local bank support.

Why is that? Isn't btc suppose to replace the current banking system.

Gargulan

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