If the government says that Bitcoin is illegal, we as the citizen of that country could not say anything about it, we may protest, but it wouldn't be effective unless we have the majority on our side.
Bitcoin is being used for illegal activities..
but so does fiat..
That one will not become the reason as to why bitcoin will be considered illegal
Topic: What if Bitcoin is made illegal? We must reject the illuminati takeover ! - page 3. (Read 10147 times)
January 26, 2016, 12:44:35 AM
January 22, 2016, 03:06:57 PM
The Chinese government is going to make a digital coin. Let see what it will be. It might affect the adoption of bitcoin.
January 21, 2016, 03:47:13 PM
I'm sure governments could try to make them "illegal" but it would be like making alcohol illegal in the 1920's. Bitcoins are totally anonymous so it would also be really difficult(if not impossible) to create top-down government laws for bitcoin and the bitcoin coding is open source so bitcoins can always just be renamed if all else fails
January 21, 2016, 03:46:12 PM
Bitcoin cannot be made illegal, it is decentralized which means no one party can control it.
You would have to go into every miners house and remove their mining equipment to stop Bitcoin.
Uh, yes it can definitely be made illegal--the same way child pornography and drugs and all that other stuff that bitcoin can buy is already illegal. Mostly globally, too. That doesn't mean people will stop using bitcoin of course, just like they won't stop using the two things I mentioned either. It will just be illegal. Just like it's illegal to print your own money. You would have to go into every miners house and remove their mining equipment to stop Bitcoin.
January 21, 2016, 03:32:16 PM
Why would you want to change Bitcoin for fiat currency? The whole point of Bitcoin is that the devaluing fiat currencies are no longer required.
In the future, we will be paid in bitcoin, we buy things with bitcoin. We pay tax with bitcoin. There is no need for other fiat.
December 22, 2015, 05:08:37 AM
Why would you want to change Bitcoin for fiat currency? The whole point of Bitcoin is that the devaluing fiat currencies are no longer required.
Yes but there are many people who are into it for gain/profit and an easy example would be traders ,they trade and make some extra coins/money and what is the point of doing it if they don't cash them out ?investors in altcoins also fall in the same criteria.
If bitcoin is made illegal then we cannot use it ,No thermos won't even get an appointment to meet the president's and to discuss anything loll.
December 22, 2015, 05:01:19 AM
Why would you want to change Bitcoin for fiat currency? The whole point of Bitcoin is that the devaluing fiat currencies are no longer required.
December 19, 2015, 03:32:23 AM
Russia may be a test ground for what could really happen in a country if cryptocurrencies are made illegal.
http://www.coindesk.com/russian-minister-confirms-plans-to-ban-bitcoin-to-fiat-conversions/
http://www.coindesk.com/russian-minister-confirms-plans-to-ban-bitcoin-to-fiat-conversions/
December 10, 2015, 06:54:43 PM
but now its too far. People realised that have alternative for money and even if bitcoin fail, something new appear
December 10, 2015, 06:16:13 PM
once it's illegal, it will sky rocket like everything that is banned or it's illegal.
I hope it does.
I hope it does.
not sure if it will sky rocket, more like it will sink to the bottom.
because who would want a currency that you cant exchange for legal
money. plus not every illegal thing has a high price. but when bitcoin
became illegal its done.
December 10, 2015, 04:04:04 PM
Bitcoin cannot be made illegal, it is decentralized which means no one party can control it.
You would have to go into every miners house and remove their mining equipment to stop Bitcoin.
No, not really. There are some ways to block bitcoin quite efficiently. While bitcoin has no central authority that is not a problem for governments to take action against it.You would have to go into every miners house and remove their mining equipment to stop Bitcoin.
We have seen already tests of mass blocking every bitcoin service in some countries, Venezuela conducted that tests recently and everybody was in shock.
Bitcoin p2p trading can't be blocked, but almost every bitcoin related services can.
Which is why people should always learn to use their own wallets and stop relying on web wallets no matter how convenient they might be. When online services are blocked, you still have some options to use and trade BTC if you have access to your own private keys. They can even try to block port 8333 but you can still use a client through TOR.
Yup they are pretty much powerless against a peer-peer network.
December 10, 2015, 12:32:33 PM
once it's illegal, it will sky rocket like everything that is banned or it's illegal.
I hope it does.
I hope it does.
December 10, 2015, 12:31:27 PM
People can make amazing things if they will cooperate and focus on one goal. Bitcoin simply cant be banned
December 08, 2015, 05:30:26 PM
You mean the Federal Reserve (FED) not the Illuminati.
The FEDs hate Bitcoin because they have no way of robbing its users. The FED has been robbing the users of the USD for a while now.
The FEDs hate Bitcoin because they have no way of robbing its users. The FED has been robbing the users of the USD for a while now.
November 27, 2015, 10:24:26 AM
i think government will try contain bitcoin because it will take over fiat
but i am not sure if made illegal , or how far they will go to try and take over
but i am not sure if made illegal , or how far they will go to try and take over
November 25, 2015, 07:57:29 PM
I think it would be like most things illegal, people will find ways to do it anyway. However, bitcoin is not addictive like other illegal things so it would hurt the value for sure. But it would also need to be across a large portion of the 1st world countries, not just one offs around the globe
November 25, 2015, 06:03:04 PM
Some countries already ban bitcoin, so yeah it could happen.
In countries where there is a crisis it is appealing to ban bitcoin, since bitcoin is a way to sent your money easily and cheap over the border.
The limit paypal has (2500 USD), don't apply with bitcoin.
In countries where there is a crisis it is appealing to ban bitcoin, since bitcoin is a way to sent your money easily and cheap over the border.
The limit paypal has (2500 USD), don't apply with bitcoin.
November 25, 2015, 05:34:04 PM
I don't think the whole world will instantly make bitcoin illegal. They should have valid grounds to do that.
For that matter they could ban paypal too and any kind of service where you collect credits online, because it's the same concept.
For that matter they could ban paypal too and any kind of service where you collect credits online, because it's the same concept.
November 22, 2015, 01:35:06 AM
When regimes begin to really go bad, campers, two things co-occur. The first is that the regime makes lots and lots of increasingly unreasonable laws. The second is that the regime's ability to enforce those laws becomes weaker and weaker.
So, bans on cryptos will, for a while, result in all manner of chaos; but the decentralised nature of cryptos will triumph, particularly as the global economy really begins to tank, and particularly in nations that loathe the west. Borne on the breeze like mushroom spores, cryptos will just keep poppin' up all over.
Mark
[Australian? Why not register at Intergalactic Platypus?: ]
So, bans on cryptos will, for a while, result in all manner of chaos; but the decentralised nature of cryptos will triumph, particularly as the global economy really begins to tank, and particularly in nations that loathe the west. Borne on the breeze like mushroom spores, cryptos will just keep poppin' up all over.
Mark
[Australian? Why not register at Intergalactic Platypus?:
November 20, 2015, 06:38:07 AM
This is possible and it could happen.
But since it's online currency I doubt that every country around the world will make this happen.
But since it's online currency I doubt that every country around the world will make this happen.
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