Topic: What if Bitcoin mining becomes illegal world wide? - page 9. (Read 3250 times)
If bitcoin mining becomes illegal, what I doubt, this forum might disappear, no bitcoin's would get transacted, bitcoin might lose it's value because you won't be able to use them. But I hope this doesn't happen, because bitcoin looks really valuable and helpful for us.
There is no possibility that Bitcoin mining becomes illegal worldwide. Governments can't stop people from mining bitcoin and trading it. Also there is actually some countries (Germany, Japan..) legalized Bitcoin already.
Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?
Lets discuss
Lets discuss
A big if. And if it is, that would be Bitcoin's demise but I am very optimistic that it will not happen and also governments needed to upgrade their ability to catch bad guys since we are on modern age and to ban Bitcoin is not the best option. I had read an article about a dark web website being shut down and those who are using Bitcoin as a means for those people to make them anonymous failed. The line I like is that by using Bitcoin, it doesn't mean that you are untraceable since justice's hands will really find its way. Stricter KYC and effective regulations is the key.
There isn't anything that is illegal worldwide, nothing.
Which authorities are against bitcoin mining and where?
Bitcoin is here to stay, enjoy your new riches and stop bitching you are being oppressed.
Which authorities are against bitcoin mining and where?
Bitcoin is here to stay, enjoy your new riches and stop bitching you are being oppressed.
Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?
Lets discuss
Lets discuss
Bitcoins are not legal worldwide, it's legal in some countries. Although it has become popular, it is not managed in most countries. Therefore, it is still a big challenge for the development of bitcoin.
if bitcoin mining illegal and bitcoin illegal i think we dont discuss anything in this forum anymore, maybe government will block this forum because bitcoin is illegal, but if bitcoin becomes illegal / bitcoin mining become illegal i think the price of bitcoin will decrease till 50%++
I don't think that governments have the possibility to ban bitcoin or disallow people to mining, because bitcoin is decentralized and only you need the Internet connection to deal with it. Even in countries actuallu illegalizing bitcoin there is still people which deal with Bitcoin.
well, there will be no problem at all. If bitcoin becomes illegal, its price will be even higher than ever. As you can see, drug, weed, cocaine are expensive. But in some countries that accept weed such as canada or Jamaica, the price of weed are cheap 
Bitcoin will still be used in the dark web
hahaha... Your right! If bitcoin mining will become illegal I think there is still hunters who are going to do it in a very mysterious way haha. Bitcoin will still be used in the dark web It is hard to government to replaced bitcoin because there are the tendency that people become worst on doing it, they can never warned people on not doing it because some are making this as there jobs and hobbies everyday.
I think bitcoin will never become illegal worldwide become some countries are starting to accept bitcoin. Some online store accept it too. So, it is hard to make this illegal.
Even if bitcoin mining is illegal, i'm sure people will keep mining bitcoin in secret and bitcoin developer will think solution such as change Proof-of-Work or change bitcoin mining algorithm to algorithm which only can be mined with CPU/GPU (authority won't suspicious too much see people use their computer 24/7) 
So, i'm sure bitcoin network will stay alive, but the hashrate and difficulty will drop significantly.
So, i'm sure bitcoin network will stay alive, but the hashrate and difficulty will drop significantly.
The price for Bitcoin would increase
Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?
Lets discuss
Lets discuss
What if bitcoin mining becomes illegal world wide is the same as what if bitcoin is banned or proclaimed illegal world wide, by each and every country. I don't see that happening, not possible. There are rumors that North Korean government is mining bitcoin. The Russian government had recently announced a state backed mining operation. So it's more like why authorities are favoring bitcoin mining, as a reserve.
Sounds from Bitcoin Mining hardware is probably the only way Government would know you own them. Creative people will be forced to come up with noiseless or low noise ones.
Cant be helped since even those people would create their miner noiseless government would really find a way to trace down possible mining farms or operations. They would just simply see on electricity consumption knowing that miners a energy hungry and expect consume would be more for a typical electricity consumer.We cant still escape if it would be banned then possibility of bitcoin to die is there.If few people are mining I guess the Mining Difficulty will decrease , we will all move back to mining on our computers, GPU & low noise equipments.
Bro Banning will NEVER work,Satoshi is a Genius.
First of all, its not possible for the government to find out who all are mining bitcoins. It will be easy, if they are mining as a farm . If government bans all the mining farms, then they will start mining in home or basement of their home. If government finds who all are mining bitcoin by checking the electricity consumption, people will start mining using solar. In short its not possible for governments to ban mining bitcoins.
Sounds from Bitcoin Mining hardware is probably the only way Government would know you own them. Creative people will be forced to come up with noiseless or low noise ones.
Cant be helped since even those people would create their miner noiseless government would really find a way to trace down possible mining farms or operations. They would just simply see on electricity consumption knowing that miners a energy hungry and expect consume would be more for a typical electricity consumer.We cant still escape if it would be banned then possibility of bitcoin to die is there. Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?
Lets discuss
That's much hypothetical,which authorities are against bitcoin mining ? Until we have a communist government,they can't just ask people to stop mining as it doesn't break any law resulting in damage to the society.Electricity consumption could be a valid point but don't the miners pay for it ? There is no point in drawing the consequences when the probability of that event happening is zero.Lets discuss
the sound not good , if Bitcoin becomes illegal , there's will so much people become poor again , lol
Bitcoin isn't legal that doesn't mean it's illegal either.Government just doesn't have strict laws governing the bitcoin as for now. 
The government can make bitcoin mining or bitcoin in general illegal, but they can't ban bitcoin. They will need to straight out ban the whole internet for that. So what happens when the government makes mining illegal? We're most likely gonna get a price crash and a bit lesser hashpower due to the FUD and panic that will affect the more less-informed bitcoin crowd, thinking that bitcoin is dead and all that jazz. But I'm very sure it wouldn't kill bitcoin.
It will just show how scared the government are of bitcoin or cryptocurrencies in general.
It will just show how scared the government are of bitcoin or cryptocurrencies in general.
There's no problem if mining become illegal. Maybe large mining farms will have to close because thay can't hide their mining farm, the difficulty will go down and we will back to the early days of bitcoin where people can solo mining.
well, there will be no problem at all. If bitcoin becomes illegal, its price will be even higher than ever. As you can see, drug, weed, cocaine are expensive. But in some countries that accept weed such as canada or Jamaica, the price of weed are cheap Bitcoin will still be used in the dark web
Bitcoin will still be used in the dark web 
Statistically speaking, anything once it becomes illegal, it becomes extremely desirable by people.
Even if you have not planned for any mining in such a case you will plan and make a strategy in order to achieve your goal because simply it's not legal anymore.
Usually people prefer illegal things because they have a special taste.
Even if you have not planned for any mining in such a case you will plan and make a strategy in order to achieve your goal because simply it's not legal anymore.
Usually people prefer illegal things because they have a special taste.
At this moment i cant see any reason for make bitcoin illegal
I know that in some countries is prohibited, but the prohibitions is possible outmatch
So i think that bitcoin cant become illegal world wide
I know that in some countries is prohibited, but the prohibitions is possible outmatch
So i think that bitcoin cant become illegal world wide
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