What if all the governments of the country united to strictly prohibit the exist - page 6.

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Quote from: el kaka22 on May 11, 2018, 09:21:46 AM

There would still be a lot of countries that would see benefit in all these, looking at Australia, Japan, Malta, and so on, which to me would be a hard thing to achieve.

That's also a form of 'decentralization'. Cheesy

In all seriousness, it feels great to know that one country isn't the other when it comes to being open minded towards new emerging technologies. On the other hand, I am sure that when Japan has been booking consistent GDP growth through Bitcoin alone, other countries will follow. It's impossible for any well thinking government to ignore that.

Seriously, not allowing crypto currencies to develop in your country does more damage than allowing them to develop. If we take into consideration that it is a perfect hedge as well for governments, then they are even more stupid. In case the regular economy implodes due to their shitty fiat system, which is quite realistic to happen, they won't be hit as hard with crypto offering an alternative form of growth. Japan is smart, very smart. I'm looking forward to their GDP statistics for 2018.

Malya_alkendy

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If I have a lot of Bitcoin and the government suddenly prohibits the ownership of Bitcoin, bitcoin transactions or anything related to Bitcoin. then I will slowly sell my Bitcoin. but when I want to sell my Bitcoin, I'll wait for the highest price until I get a lot of benefits from my Bitcoin. because I do not want to bear the risk of loss, in because of the ban from the government.

fredo123

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

If i already knew that might happpen in the nearest future,Then I took advantage to dump all my bitcoins and invest another thing to counter part cryptocurrency investment, Perhaps i will shift to real estate investment because that is my passion to have properties,

el kaka22

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Quote from: Nuex on May 06, 2018, 06:07:52 AM

if i have a lot of bitcoin and chances are it will happen i will panic and sad because where to go sell bitcoin ...

Fortunately, this is one thing that obviously cannot happen looking at the way things have been over the years and how government are already resorting to regulations. If they had the chance to eliminate bitcoin, this would have been done a long time ago.

Asides that, it is pretty much an impossible thing to imagine for all the countries all over the world to just come together to be able to achieve this. There would still be a lot of countries that would see benefit in all these, looking at Australia, Japan, Malta, and so on, which to me would be a hard thing to achieve.

hastang

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

i will sell all my remaining coin before the closure is implemented. if the world unite theres nothing we could do... by the time it will be set of. i have already sold my coins to market this is to avoid getting the coin into useless currency.

Rossy Akbar

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Here is the thing I mean, for me personally you can't invest a lot of your assets in the bitcoin, it means that should be there is a real thing or company you need to make and to invest all you have in bitcoin. It will be good result if you have a lot of investment in bitcoin but no one can guarantee the safety of your assets even your country had legalize a bitcoin, that's why bitcoin was so risky.

MainIbem

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The operation of cryptocurrency is not very easy to control. Besides, it is not totally useless. Therefore it unlikely that all governments will at a point agree to ban cryptos.

However, if it so happens, then the should shot down the internet because p2p transactions will continue underground.

talenah kotang

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If bitcoin is prohibited, of course I am confused to sell where my coins, but it is not an easy thing to ban bitcoin around the world. Of course the government will issue its own policy without harming money and bitcoin.

nicolasparez

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The popularity of bitcoin is spreading towards the whole world. There are 16 countries which have legalised cryptos to deal with it and the number will gradually be increased. So, some governmenst may banned more few countries but as its growth is spreading rapidly, it won't be possible for them to control the world.

bohr

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Quote from: ahmad21 on May 07, 2018, 12:38:39 PM

That’s very unlikely to happen. Banning cryptocurrencies or Bitcoin is not very easy. The countries cannot ban a technology simply on grounds that it is reducing the consumption of fiat money. Especially when the citizens are holding a great amount of Bitcoin, it would be very difficult to ban it as it would cause huge financial losses to the public which can in turn affect the financial stability of the economy and no country would want that to happen. Moreover governments have no control over the private key transactions what so ever and all the 195 countries of the world moving in the same direction is something absolutely impossible. Terrorism is the biggest menace we all agree still many countries help it prosper where directly or indirectly then how can you expect them to take a stand on cryptos.

You are assuming that governments care about the well being of their citizens and that is not correct they only care about their own well being, if the economic system based on fiat currency is threatened by cryptocurrencies they are going to ban it, they do not care if their citizens lose a fortune they are going to do it, the problem for them is that such a measure is not going to be 100% effective.

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Quote from: Flayme on May 09, 2018, 07:33:43 AM

Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

That's a nice idea but for me it will not happen... Yes probably a lots of country prohibit the use of cryptocurrency in their country... But still they cant control everyone of us to stop it... Bitcoin is not illegal nor scam... So if government banned it for me it will probably the worst problem of every crypto user... But as long as the time of bitcoin today is not against us... Don't worry about it... But incase it happen we need to depend the uses of crypto until the government realize it... Hoping that soon they will get thia point...

Let's face it, if all governments illegalize crypto, it will not survive. For whatever reasons the governments may have if that happens, it will start a massive decline and people will avoid being into bitcoin. Thise who would prefer to still use it will have an extremely hard time and market will shrink.

Flayme

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

That's a nice idea but for me it will not happen... Yes probably a lots of country prohibit the use of cryptocurrency in their country... But still they cant control everyone of us to stop it... Bitcoin is not illegal nor scam... So if government banned it for me it will probably the worst problem of every crypto user... But as long as the time of bitcoin today is not against us... Don't worry about it... But incase it happen we need to depend the uses of crypto until the government realize it... Hoping that soon they will get thia point...

timerland

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Bitcoin network can't just be closed. As long as there are nodes on the network that are still operating, bitcoin will still be alive and well, and serve its purpose. Unlike previous anonymous payment processors, bitcoin doesn't have a central point of attack or failure. Governments around the world can't simply shut down the network, like they did to Liberty Reserve.

It'll be unlikely for governments to actually ban bitcoins, let alone for the entire world to ban bitcoins and for the governments to form an alliance on this matter. I think the scenario would be next to impossible.

It would definitely have negative impacts on BTC, no doubt. But I would not be surprised to see if there would still be a lot of people using it as a currency. After all, governments can't shut down the bitcoin network itself.

The_Dark_Knight

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

If bitcoin or any other coin becomes too big to the point that it threatens the currencies printed by governments then I do not have any kind of doubt that they're going to try something against it, you are correct in that, but at that point whatever they tried will be completely ineffective, they cannot even stop bitcoin now when there is a very low amount of people using it, if there where hundreds of millions of people using it they will have no chance to stop it no matter what they do.

Superways

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

No you are wrong if all of the people from all of the countries will united to use bitcoin then the governments will know that their citizens are happy with that payment system and now it is not good to restrict it then they will find some good way to develop it more and they will not be able to do any thing against it as people will like to use it.

shield132

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Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

Sorry but I think you can't analyze what you write, not only you but rest of people too.
Is bitcoin local currency? No. Can you send bitcoin from any place to anywhere? Yes. It won't affect paper money because as you see bitcoin's value is determined in usd or other currencies. Paper money can be reprinted but lost bitcoins can't be renewed. Goverment does nothing, they even can't ban torrents and dark marketplaces.

yoseph

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Quote from: croptodic on May 08, 2018, 04:12:00 PM

I think Governments think more about the ecosystem, let it be fiat or Crypto. If Crypto turns into mainstream currency, I don’t think Governments will have problem in it. There’s nothing illegal in it.

Though various countries have their thoughts about bitcoins, majority of them don’t really think that’s it’s something of threat to their financial stability that’s why they haven’t done anything negative towards it but what that stance change and they collectively come together against it then I’d say that’s the end for Bitcoins.

darkangel11

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Quote from: Clement Kaliyar on May 08, 2018, 07:35:25 AM

Quote from: Fatimah Azzahra on May 06, 2018, 03:16:13 AM

if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.

There is no way the governments around the world coming together and even if it happens no one could shut the bitcoin network and that is the fact, we are not competing with fiat currency and no one is hoping any country taking it as a national currency, people will be using it because it helps in trading world wide without any restriction.

That's what I'm always saying to those who are afraid of a government ban. There was not even 1 single case of the world working together to achieve something. Just look at the world wars or other, smaller conflicts. There was always Russia vs Nato, China vs Japan, some nations hate one another and will never work together. Right now the EU is embracing cryptocurrencies and some countries like Malta are aiming to become the crypto hubs of the continent. Even if the EU decided to ban it, they would protest and lobby against the ban. It's just not going to happen.

croptodic

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I think Governments think more about the ecosystem, let it be fiat or Crypto. If Crypto turns into mainstream currency, I don’t think Governments will have problem in it. There’s nothing illegal in it.

Vatimins

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Well if this thing really does happen, I think that it would mean the end for the crypto industry because even if we say that there would still be brave people that will be using the cryptos still, we cannot deny the fact that the number of users will drastically decrease leading to big losses and less options for the left users of the technology. Good thing that this is still pretty unlikely to happen for now.

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