The Government Cannot Outlaw Bitcoin, it's Impossible! - page 4.

Rob Lister

newbie

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Quote from: bitrebel on August 12, 2011, 06:02:10 AM

Anyone care to explain here just how a government can attempt to outlaw bitcoin?

By outlawing the use of the concept rather than any particular implementation of it.

The law and associated penalties would only need be harsh enough to destroy market confidence. It wouldn't take that much.

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Exactly, the term bitcoin only exists on the open source client and can be changed as fast as it can be re-compiled. In fact, it will. See my post:
https://bitcointalksearch.org/topic/m.450946

bitrebel

sr. member

Activity: 364

Merit: 251

If they outlawed Bitcoin, we would just change to name to BitMoney.
In order for the government to effectively outlaw bitcoin, they would have to outlaw the exchanging of encrypted numerical data. Nothing short of this, could effect bitcoin, legally.

Many people think of bitcoins as something semi tangible, but since it's nothing more than encrypted numbers, to outlaw bitcoin is to outlaw computers. Completely impossible.

Any attempt to legislate anything referring to the term bitcoin, would mean we have to call it botcoin, or bitmoney, or bitcents, etc etc. Then it becomes pointless for them to even try.

Anyone care to explain here just how a government can attempt to outlaw bitcoin?

Topic: The Government Cannot Outlaw Bitcoin, it's Impossible! - page 4. (Read 6945 times)