The Crypto bans are temporary, we are on the right side of history. - page 6.

verita1

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Thanks for cheering us, OP. Because the current situation has worried me. Before reading the post I thought it was about China. I did not know that other countries were already joining. On Twitter I had read something similar in a tweet from Ivan on Tech.
But your optimism is timely, we are in the best moment of bitcoin and the antibitcoins fear decentralization, and the loss of the value of the FiAT. I am also encouraged by this tweet from Michael Saylor.

Quote

#Bitcoin is the future of digital identity.

"Microsoft is Using Bitcoin to Help to build a Descentralized Internet."

https://twitter.com/michael_saylor/status/1413506693569204227?s=19

stomachgrowls

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Quote from: GreatArkansas on July 08, 2021, 07:13:46 PM

This is very the best example for cryptocurrency banning these days, damn!

Bitcoin is one of the greatest inventions of the century for me.
All the FUD of the Internet in early 1990s were almost the same on what Bitcoin or other cryptocurrency experiencing now, this is one of the reasons to why we are in huge volatility, a rocky road but at the end of that road, it's worth it.

A very rocky and bumpy road because we know that there would be lots who would be on the way but it doesnt matter because its decentralized aspect wouldnt really care at all and its quite evident that on how
Bitcoin did survive a decade despite of those problems or hiccups.

Bans would be there and cant be avoided since not all would be having the same view or perception about bitcoin which it is really a big hindrance on overall global adoption and this is why i dont
really expect that much about for that certain situation to happen but at least seeing this community grow as the years passing is already enough for us to say that this would really
be worth it in the end of the road.

gundala

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Quote from: erep on July 09, 2021, 11:17:18 AM

What is happening now will be a part of the history of crypto journey, in the future people will say that the power of cryptocurrency is able to face all kinds of obstacles even though big countries are playing a negative role about bitcoin at this time. Once we pass this phase, crypo is eligible to go to the moon.

to be generally accepted, it does require a long process. Moreover, the system attached to cryptocurrencies, especially bitcoin, is very different from the previous centralized financial system. so rejection is normal, there are many points of view and we have to really be able to adapt and study it well so as not to miss the boat.
this is quite a long part of evolution, I am happy to be here at this time, and to have the opportunity to learn, people who are now ignorant and still doubt that sooner or later will come too, whether just to learn or to be part of the change.

clint25n

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yes indeed for now crpyto gets a lot of opposition from many governments by way of banning it in various countries in the world but with the advancement of this technology it will actually awaken bitcoin as a business that is growing rapidly. able to absorb more and more enthusiasts, especially among beginners and this can also be a more promising business that is long term and we can resell if we don't use it anymore

erep

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What is happening now will be a part of the history of crypto journey, in the future people will say that the power of cryptocurrency is able to face all kinds of obstacles even though big countries are playing a negative role about bitcoin at this time. Once we pass this phase, crypo is eligible to go to the moon.

nurilham

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There will be times when a country changes, from illegal to legal, from legal to illegal. this can be influenced by several things. Some of them:
- technology advances
- the life and financial development of the people in the country
- Change of government leading the country
- Influence of various people and public figures in the crypto world
And all of this could be a reason for a country to turn into legalizing bitcoin later.

dkbit98

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I didn't know this fact that telephone industry wanted to ban internet phone software, but I remember how many people said that Internet is just a passing thing that will never work,
and we see how wrong their predictions turned out.
People in general don't like change and I think something similar happened when cars and vehicles first appeared, many people didn't want to give up horses.
However same tricks can be used by governments to force people into scam, like it was paper money, first backed by gold, that was later dropped.
Maybe they want to introduce some new scam with their CBDC projects, so people better choose Bitcoin instead.

$crypto$

legendary

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Smart is not enough, there must be skills

Quote from: DoublerHunter on July 09, 2021, 07:09:34 AM

Quote from: pinggoki on July 09, 2021, 06:43:19 AM

As we can see, many countries are continuously banning cryptocurrency, and because of that crypto becomes more not accessible for everyone and also because of that many people are having troubles with it but what we are pretty sure of is that we are on the right side of cryptocurrency because this banning is just temporary, meaning it will just last for months or years but it will comeback to normal again.

^ How did you know this is not accessible for them? Even countries implement a ban on BTC and in crypto they can't stop people using it, there are too many ways to adopt BTC and cryptocurrencies even without knowing by the government. It seems the government sounds fool because they implement banning but the fact they cant ban BTC and crypto directly. People can do trade and invest using the decentralized platform or even can purchase anything online that accepts cryptocurrency. They will soon realize how useful to them BTC and other cryptos that have a unique technology, and that is a blockchain technology.

The government won't be able to control BTC and other cryptos with a ban because they can't tax the government what other banks do so I think it's useless with the prohibition statement the community will not pay attention to it because this decentralization that many like doesn't need to go through a bank to make transactions so all of that can be in vain what the government does if it is temporary.

Many people already know about crypto with some restrictions in some countries it is only an illegal investment and is not recognized by the government while those who want to invest in bitcoin are not burdened with other legal matters.

sapnu

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Quote from: Bitcoin_Arena on July 08, 2021, 06:26:27 PM

I guess most of you have noticed the rise in the number of banks and Financial commissions and Governments in different countries announcing bans on crypto purchases using banks, crypto exchanges, and in some case Bitcoin mining crackdowns. From UK to Japan, Canada (Ontario) to China, but one thing for sure is all those attempts can't stop a force that has already gained momentum. It only signals that the Bitcoin movement is going down the right path of history.

They want to have control of how people spend and transact but with Bitcoin and other cryptos, they are powerless, that's why they are not happy.

In 1996, the regulatory bodies tried to ban Internet phone software, the rest is history Grin

Image source

Just like how it went for internet and other stuffs before, countries or the government to be specific will try and restrict the use of it but later on will lead into the inevitable revolution of a new era. For crypto, sooner or later the world will know its name more and will later on adopt to the changes happening. There might be many countries trying to stop people using crypto but little do they know, it will be the new monetary revolution that the world would need in order to survive the sudden surge of changes. When that time comes, those who put their faith on crypto will soon benefit and will have the advantage over anyone else.

YOSHIE

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On the positive side, history says so, I actually believe in negative news published by the media against certain countries forbidding Bitcoin transactions, quite the contrary, has a positive impact on the movement and users of Bitcoin in the future, for those who know.

Sometimes it's unfortunate that people are too quick to conclude that the bad effects of Bitcoin news, it could be today say A, tomorrow could change otherwise B, I'm sure with this topic people will think a little from the side of the history and journey of Bitcoin from 2009 until now.

Obito

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Quote from: pinggoki on July 09, 2021, 06:43:19 AM

As we can see, many countries are continuously banning cryptocurrency, and because of that crypto becomes more not accessible for everyone and also because of that many people are having troubles with it but what we are pretty sure of is that we are on the right side of cryptocurrency because this banning is just temporary, meaning it will just last for months or years but it will comeback to normal again.

Unless they're firm about their decision and the next administration have the same stance regarding banning bitcoin, then there's a big probability that bitcoin will stay being banned and enough administration could make the ban unlifted or even forgotten by it's citizens. Yes we are on the right side of history but that doesn't mean that we are going to be able to recruit everyone on our side, there will always be a side.

CryptoStar19

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Soon or later authorities will find that since a ban is not possible to enforce, regulation is the best they can do, and over time further regulation would only bring much larger investors to the space.

DoublerHunter

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Quote from: pinggoki on July 09, 2021, 06:43:19 AM

As we can see, many countries are continuously banning cryptocurrency, and because of that crypto becomes more not accessible for everyone and also because of that many people are having troubles with it but what we are pretty sure of is that we are on the right side of cryptocurrency because this banning is just temporary, meaning it will just last for months or years but it will comeback to normal again.

^ How did you know this is not accessible for them? Even countries implement a ban on BTC and in crypto they can't stop people using it, there are too many ways to adopt BTC and cryptocurrencies even without knowing by the government. It seems the government sounds fool because they implement banning but the fact they cant ban BTC and crypto directly. People can do trade and invest using the decentralized platform or even can purchase anything online that accepts cryptocurrency. They will soon realize how useful to them BTC and other cryptos that have a unique technology, and that is a blockchain technology.

pinggoki

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As we can see, many countries are continuously banning cryptocurrency, and because of that crypto becomes more not accessible for everyone and also because of that many people are having troubles with it but what we are pretty sure of is that we are on the right side of cryptocurrency because this banning is just temporary, meaning it will just last for months or years but it will comeback to normal again.

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

This is completely normal to see some governments are trying to ban bitcoin and other cryptocurrencies. Whenever a new technology comes to the world, the old and traditional technology will try to resist the new technology as the OP already mentioned there was already the same problem when the internet started to work and many people, organizations, and governments were trying to ban or suspend it by time after time the problem solved and people are using it easily. We do have the same story for bitcoin and I'm not surprised to see the governments are trying to make it stop.

samsul1234

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Quote from: Bitcoin_Arena on July 08, 2021, 06:26:27 PM

I guess most of you have noticed the rise in the number of banks and Financial commissions and Governments in different countries announcing bans on crypto purchases using banks, crypto exchanges, and in some case Bitcoin mining crackdowns. From UK to Japan, Canada (Ontario) to China, but one thing for sure is all those attempts can't stop a force that has already gained momentum. It only signals that the Bitcoin movement is going down the right path of history.

They want to have control of how people spend and transact but with Bitcoin and other cryptos, they are powerless, that's why they are not happy.

In 1996, the regulatory bodies tried to ban Internet phone software, the rest is history Grin

Image source

hello sir, I think the Banks in the world are just taking their own advantage of how they are with crypto, and they just want to know what is being done in the crypto world, they even envy most people nowadays and want to destroy crypto, but the effort they failed so badly

davis196

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I agree with your point,but the countries that impose bans over cryptocurrency,usually aren't banning the cryptocurrencies(the blockchains).This means that it's not illegal to own cryptocurrencies.
They are banning cryptocurrency mining and (in some cases) crypto trading.
No blockchain has ever been banned in any country in the world.
It has been said many times that governments aren't hostile towards blockchain technology.They can be hostile towards crypto mining and crypto trading on unregulated platforms(that end up being scams).
Internet phone software was a technology,cryptocurrencies are an asset/medium or exchange.
We have to distinguish the technology from the financial asset.

TOM Bb

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Sure we are on the side of Crypto .Crypto is the invention of the century and no one can stop it.It's just that the governments of these countries still don't have the benefits of hygiene practices to the society.

Lorence.xD

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Leading Crypto Sports Betting & Casino Platform

Telephone industry isn't a government though, meaning that it will be different for bitcoin this time because the authority is the one that is going to enforce a ban and anyone who will go against will be prosecuted. Maybe I am wrong and it won't be so different because the power of the people might prevail and the unjust ban will be removed.

DapanasFruit

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Binance #Smart World Global Token

Bitcoin is a big disruptor and I am sure we are just beginning to see many forces who might want to curtail it or have it under their own control. In the next few years, we can expect a barrage of regulations meant to first put cryptocurrency under the reviews of those in power and then of course to tax everything as they also want to have a slice of the lucrative pie in place. Maybe we have to understand that this is just a natural reaction from those in power and when smoke clears we can see them happy to let cryptocurrency operate as long as they have the imaginary rope they can hold on.

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