Topic: What if Government bans Bitcoins? - page 21. (Read 6112 times)
If all governments of the world banning cryptocurrency? That will undoubtedly be harsh and would hit us real hard, but, I doubt that happening anytime soon. As funny as it sounds, there are countries of the world that have banned crypto only that the ban is not taking effects that much, and we hope it continues like that. Where some are banning it, some are coming out to embrace it knowing the opportunity that lie therein. It is just going to be a matter of time before they all embrace it.
Am sure most givernment are doing their best to ban bitcoin but yet still the bitcoin fraternity keeps on growing bigger and bigger. Whether all government ban it or not we are bitcoin and surely we will rule.
I think that if they wanted to ban, it would have been banned long ago in America, when bitcoin rustled as without the control currency
the cryptocurrency and the blockchain technology can not be banned by government as we have see most of the governments adopting the blockchain technology in the affairs that concerns their countries and it has been proven to have a high success rate as it works perfectly well in the position where it was deployed.
Governements can't ban Bitcoin but they can bring restrictions to bitcoin. I think now most of government have realized that they can make money from this crypto thing. mostly poor countries bring restriction to cryptocurrencies.
Bitcoin is great source of income . Bitcoin help lot to the people. People get money from bitcoin. But unfortunately some country ban bitcoin. I think they do not understand benefit of bitcoin. They should understand benefit of bitcoin and take positive step about bitcoin.
Hmm. Well I don't think if that is everly going to be possible even if they are in control of it they can not band it for life, they can only stop the citizen from buying and selling of bitcoin but they can't stop it. Reason being that they buying and selling can't be monitor since it is being done on the internet.
If the government prohibits bitcoin then I will continue to use it and continue to invest in bitcoin. because even though it is prohibited, we will still be able to use it. Bitcoin is anonymous and it is difficult for the government to track users from bitcoin. So I will continue to use it and no matter what the government says.
In the internet have exist a dark side. Who want to get access for sites, which have relationship with cryptocurrency. The people who just visited sites for games, of course forget about crypto currency in life.
government will not ban bitcoin but even if they do, well you count your losses and move forward. though so many government are skeptical about bitcoin, i believe soon bitcoin will be accepted and adopted fully for usage by all.
Bitcoin transactions will still go on so far the internet gets going. It does not matter what any government does, bitcoin will still strive.
I don't think the government have the capacity to ban bitcoin and the cryptocurrency in it entirety because since bitcoin is a decentralized currency which is not under the control of the government or any individual it will be impossible to ban it activities. And the only way bitcoin can be kill is by turning off the internet entirely which will be hard to do.
They cannot stop it. They can just ban it. It's same as selling drugs. It's illegal but no one can stop it.
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Many countries have been banned from bitcoin, but there are also those who accept it because every government has different regulations in that country. I am sure that in the future the government will accept bitcoin as a fiat currency because transactions are easy and safe, in the future they need it.
I don't think the government have the capacity to ban bitcoin and the cryptocurrency in it entirety because since bitcoin is a decentralized currency which is not under the control of the government or any individual it will be impossible to ban it activities. And the only way bitcoin can be kill is by turning off the internet entirely which will be hard to do.
I don't think so.... Some countries already banned bitcoin but not all only few.... Bitcoin is a good assets it serves as job opportunity not only that it also makes use of blockchains to create new ideas. I don't think government can ban bitcoin it not possible. Even the government benefits from it through tax.
To prohibit bitcoin is incredibly difficult, because it will have to completely cut off the country from the Internet. This is possible only in countries such as South Korea, but the fact that bitcoin will be banned throughout the world is likely fantastic.
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
One, two or three how many countries can block bitcoin, not all, also its not about blocking bitcoin, bitcoin is only one currency on blockchain technology, there are million of currencies developing and executing on the same platform, logically its not possible to ban bitcon all over the world, it can be banned by one, two or three counties but not by all.
In some countries bitcoin is still banned by government, but they cant do a shit , because people still use internet/vpn and bitcoin, so nothing really changes.
We already happen that bitcoin is banned! So maybe in the future it will happen but that is a very sad moment when you know how to run bitcoin and earn that time will banned in your country , so from now i invest a good profit from it and when bitcoin is going down i will sell it quickly but before bitcoin banned in my country i will make sure that i'm going to be rich and worth to join in bitcoin industry
I think this is impossible to happen.However, if in case the government will ban bitcoin then the people will go back to cash society where they will use their fiat money.
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