What if all the governments of the country united to strictly prohibit the exist - page 8.

pitiflin

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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.

There is so much wrong in this line. Why the fuck are you even saying something if you don't even have a clue about what you're asking?

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.
what will you do if you have a lot of bitcoin.

You cannot close the bitcoin network. What part of decentralized cryptocurrency do you not understand? You know what,screw you,I am not going to waste my time educating you with the basics.

green_fish

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Bitcoin is a mobile message that can be easily used as a book by people who have reached consensus. To completely block Bitcoin, it is technically difficult to achieve!
If all countries block the BTC, it will certainly not be of value.

mrcash02

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Quote from: BillCoin on May 06, 2018, 02:18:24 PM

Quote from: patz22 on May 06, 2018, 08:18:33 AM

There's a chance but I think it is like 0.0001% lol. Well, I agree that every country have their own economic plans and strategies towards the growth of their own. Our government (Philippines) actually approved crypto (ref: http://news.abs-cbn.com/business/10/16/17/bitcoin-use-grows-in-philippines-regulators-flex-muscle) and even let some ICO's to run in the next months which is a good news for us because of this crypto will be popular and will avoid scammers as well which happened a month ago, see article for reference: http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp. All in all, I believe that crypto will not be banned worldwide Cheesy

Nope, you said some right things but the chances is 0% and not 0.0001%.
If most of the countries will ban bitcoin, there must be some who wouldn't because they are going to have an huge benefit over the countries who ban bitcoin.
Not only that, those countries will be counted as freedom countries and will also gain some love from the world.
There is literally no chance that ALL the countries and republics in the world will decide to ban bitcoin.

Yes, if many countries ban Bitcoin, some other few countries will see on this situation a golden chance to make business and bring more money/investments to their countries. It's a good chance to bring businessmen to their countries, generating more jobs while letting their people deal with Bitcoin, developing accessibility and approaching everyone close to the future, to the technology.

Most countries may like to act in group, but there will be always some independent countries following only their own sovereignty.

tegaisaffluent

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The only way the government of all the countries in the world can unit to ban BITCOIN is that they will first of all ban the use of internet worldwide and you know that is impossible because the internet is part of the day to day activities of even the government. The only thing the goverment of some countries can do is to discourage their citizens from using it by telling lies of how it will soon crash like my country's government is doing already but I still use BITCOIN.

Jonsnowstark

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Its impossible for bitcoin to be banned all over the world. Japan for one is a pro bitcoin country. There are only a few countries that are against bitcoin. Most of the countries are only thinking of regulating bitcoin so that it can be used in their country and at the same time will abide by the rules and by laws of the country.

rizkyhiw

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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 you talk if that happens, there will be a lot of panic from people who take it seriously. Actually, bitcoin can not be banned, the government only limits its use only. Currently there are some countries that prohibit bitcoin and their communities are still using bitcoin. I will not panic, I will wait for a while and see the possibility that will happen in the future. If there's any hope of hold, I'll save it. If not, what should I say?

coingrowth

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banning bitcoin is not possible if that is possible any country would have banned by now but it is officially not possible because bitcoin is run on network decentralised manner no govt or central authority can ban bitcoin

cheeseandcrackers

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The premise you're putting forth isn't even possible with blockchain technology. So long as there's a network of people willing to use bitcoin, bitcoin will be out there being used. Maybe they can stop central banks from letting people purchase and sell it through them, but that will only expedite their downfall. If people want to do something, they're going to find a way around it. There's no realistic way to stop bitcoin so this is never going to happen.

BillCoin

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Quote from: patz22 on May 06, 2018, 08:18:33 AM

There's a chance but I think it is like 0.0001% lol. Well, I agree that every country have their own economic plans and strategies towards the growth of their own. Our government (Philippines) actually approved crypto (ref: http://news.abs-cbn.com/business/10/16/17/bitcoin-use-grows-in-philippines-regulators-flex-muscle) and even let some ICO's to run in the next months which is a good news for us because of this crypto will be popular and will avoid scammers as well which happened a month ago, see article for reference: http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp. All in all, I believe that crypto will not be banned worldwide Cheesy

Nope, you said some right things but the chances is 0% and not 0.0001%.
If most of the countries will ban bitcoin, there must be some who wouldn't because they are going to have an huge benefit over the countries who ban bitcoin.
Not only that, those countries will be counted as freedom countries and will also gain some love from the world.
There is literally no chance that ALL the countries and republics in the world will decide to ban bitcoin.

cryptotezi

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It is really a nice statement. If govt make that kind of decision when I will have some Bitcoin in my stock, I will be bit shocked, not so much. Look, I can use this Bitcoin as an asset. Moreover, i can use them in other so many online platforms. So if there is any policy made by govts to make a transaction barrier, it will not affect much. But surely a bit that will highly affect the demand and supply.

bocyaj

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Bitcoin will replace paper currency in future. Bitcoin will not ban through out the world in same time. If I had huge bitcoin, when the bitcoin is ban on my country. I will sell the bitcoin to the trader in another country. It's not possible to ban Bitcoin through out the world on same time. Nearly in 12 countries, Bitcoin is legal in G 20 countries.

Harlot

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You are worried about something that won't ever happen. First of all cryptocurrencies like Bitcoin rely heavily on Fiat currency for it to have value, even though in the future Bitcoin is more used in transactions rather than Fiat currency it won't threaten its existence as without Fiat currency Bitcoin won't have any value just like your Paypal credit will be. Second I don't think a global ban will happen due to legal reasons, most of the countries who have regulation to cryptocurrencies definitely have laws to protect it, and I don't think they can violate their own domestic laws in order to just ban Bitcoin.

Kprawn

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A global ban will never happen. You have to remember... Bitcoin is Money and every developing country in the world, will try

to get their hands on that money in their country. < via Tourism / Trading / ecommerce ...> The opportunistic countries will

find a way to legalize it in their country, to attract that money... from the first world countries. People will go on lavish Bitcoin

holidays... in countries where it is legalized. Wink

squatz1

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This is something which is going to happen at some point in my view, if bitcoin is able to hit the point where the world governments feel that they could lose power (and overall control) then they're going to all work together to take us down.And I know how people are on here, they think that we'll be able to last even with the government taking us down, but that's not true.

We can't. If the governments want to kill us with their massive amount of resources, then they're going to and that's going to be the end. We have to understand that.

batang_bitcoin

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I'll sell if something goes wrong happens but sadly I don't have that "lot" of bitcoins on hold. I doubt it that there will be unity from country to country just imagine on how many wars are there and rumors that are about to explode. But it has been decided just look on how G20, they won't ban and prohibit bitcoin instead they want to regulate it.
G20 Calls for Crypto Regulation Recommendations By July

BillCoin

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Quote from: Bestpromoter on May 06, 2018, 11:12:38 AM

Cryptocurrency will be banned in the world even in some countries well maybe some of them. Cryptocurreny is living in the internet without internet there is no crypto. They can't stop people using internet that's why they can't stop people using cryptocurrency

I agree with you that technically it is impossible to prevent people from using cryptocurrencies, but the governments have the ability to block the connection between fiat and cryptocurrencies which is going to make it really hard to trade and use bitcoin which will completely force people to just leave bitcoin away.
Most of the people who uses bitcoin do it for speculation cases so blocking the connection between fiat and bitcoin is going to make it really hard for them to keep operating.

EdenHazard

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Unfortunately, some countries have received bitcoin because of the many perceived benefits. I guess with the presence of bitcoin and serve as a payment system does not necessarily make the paper money disappear. People will still use paper money in some activities. Actually, bitcoin is like a credit card, and now credit card already many people who use it but paper money still exist. The possibility of bitcoin will be the second alternative made by men as the payment system.

If all governments forbid bitcoin in his country and people think the bitcoin and cryptocurrency will die it's an unreasonable excuse. Bitcoin and cryptocurrency will always be there if the government does it, but if many people are using bitcoin the government will think twice about banning bitcoin. They have the option to use bitcoin as a support for economic progress. Tax payments and regulation where a cryptocurrency is a safe place for everyone is a solution they must think about.

Bitcoin-Turkiye

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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 want to think about it when there are too many bitcoins. joke joke

this is really logical when you say it, but when things come to this position, the price of bitcoin will already be at a very good price and Until then, all of us will have real investments, like a house or a field.

buwaytress

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Good luck with that. Countries can't even unite to agree on simple things like trade deals, or more complicated things like peace, immigration and refugees. Even the regional blocs that were formed to make these "united" decisions easier have only made things more difficult, complicated. Look at the EU, ASEAN, AU, and many other smaller ones. What happens when one or more members disagree? In fact, some will deliberately disagree, usually because a decision either way benefits one more than others.

But all right. Even if by some miracle they universally decide to "prohibit" Bitcoin, who's going to spend the resources to enforce and crack down on this virtual economy? Governments can't even manage fraudulent signups or block citizen access to the internet. They want to try an enemy distributed across the planet?

BrewMaster

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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.

that "one day" which you are describing here started on 3 January 2009 and has been this way ever since!

Quote

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.

this has nothing to do with that! bitcoin is already a global currency and a lot of people are using it. but that never meant they are giving up fiat!

Quote

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.

you seem to have forgotten that bitcoin is a decentralized currency, it is supposed to work in a way that you never care what someone else is telling you to do or not do. if the government tells you it is not allowed, you can show them your middle finger!

besides when was the last time you saw "all" the governments of the world do the same thing?!! not to mention that the adoption has already happened in majority of countries. so your question at this point is silly!

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