Topic: What if Government bans Bitcoins? - page 43. (Read 6112 times)
I think it is impossible to unify the network all over the world, so we need not worry too much about our coins.
i dont think that government will ban bitcoin as in near future bitcoin will become a major part of the business world
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??
There are countries who really banned bitcoin and other crypto currencies but they cannot forced the people not to use and invest in bitcoin. Of course with the use of internet do they really have the capacity to control the sites that are being used in the crypto currency there are so many ways to be used so that the government cannot trace the users.
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??
China intends to block all sites related to the trade in cryptocurrencies and initial offers of coins. This step will be a continuation of Peking's previous attempts to "liquidate" digital currencies by closing the associated Chinese sites. Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.
If the government banned the bitcoin it would be difficult for us to transact with bitcoin and access our accounts but it is still a bit of a problem that the government would bite the bitcoin if that happens so long ago.
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??
I think we all know that bitcoin is a decentralised crypto currency and there is no such proper authentic regulating body over bitcoin so if speaking directly bitcoin is entirely a independent crypto currency and no government has authority to ban it unless they legalise it in their nation, as bitcoin is a independent crypto currency so one country can ban bitcoin only in its nation only and if more specifically speaking then it can only stop its people from using domestic exchange only , they cannot ban it internationally.
the crypto market will not reach the maximum price, the market will not be stable, even some altcoin will have no value, including every coin that in your wallet.
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??
Then the bitcoins we have would be stagnant. If there will be no movement then there will be no one able to buy bitcoins from other people. It will be stuck there and the price will either die or make bitcoins useless therefore reducing the price to zero. Rendering it useless would definitely kill 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??
There is a plausibility that administration will boycott bitcoin. In actuality, a portion of the existent nation as of now boycott it. I figure they can boycott it yet not completely cut of the utilization of bitcoin. There are as yet a constructive side of utilizing it and I trust the greater part of the general population know to it. If at any point they boycott it, your coins and keys will remain and nobody can get to it aside from you.
The only reason governments have to ban BTC is because of inflation, and the advantage even out weight just that due to the technology on which it is based. Government should rather concentrate on how to make use of this technology rather than finding ways to ban crypto.
different from my country, initially banned but gradually Government began to look at blockchain technology and currently almost legalize Bitcoin trade.
I'm sure it will get better, in the future.
I'm sure it will get better, in the future.
If your government bans bitcoin, just find some other country to invest in bitcoin. Some countries find bitcoin as an interesting opportunity for the people, and a big help in their growing economy.
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??
do not worry. Some countries are prohibited from trading in bitcoins in all forms but traders can still trade normally. Because we can change the IP and can log into the trading platform to trade. I've tried it and it worked fine. 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??
There is a possibility that government will ban bitcoin. As a matter of fact, some of the existent country already ban it. I think they can ban it but not totally cut of the usage of bitcoin. There are still a positive side of using it and I believe most of the people are aware to it. If ever they ban it, your coins and keys will remain and no one can access it except you.
i think if the governtment just banned in one side i think (just block the content about bitcoin and cryptocurrencies) i think youc coin and your asset will be there, it can't be transffered into any wallet because the owner of the private key is you. so s long you not access the wallet and transfer the coin into another account i think that your coin will be there forever
I think government can't ban bitcoin, beacuse in the first place there's no government is holding the bitcoin. Government can't do anything about bitcoin. Bitcoin is decentralized and it is not easy to control or to hack the whole of bitcoin.
i don't think they are illegal anywhere but the government wants what it cannot control. in some countries cryptocurrencies are not currencies, and are not protected by laws. but i the government cant do anything about it
Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.
countries that support the existence of bitcoin is very helpful to us who are in the country to still be able to make money from Bitcoin .. your country attracts sir , where is 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??
Government has already banned bitcoins and cryptos in many countries...As many illegal works are using bitcoin only...As like drug peedlars and the people who are illegally selling guns, all are using bitcoins for trading as bitcoin is totally anonymous...So Govt is banning bitcoins...And many spam reports are also there may be...That what is the reason before banning bitcoins.
Believe me mate they would never do such a thing. Do you think they don't know about cryptocurrencies and how much it is fetching people. they are definitely investors themselves just that they might not announce it in public and mind you some governments have already opened its doors to crpytocurrencies for instance South Korea, Zimbabwe and Kenya.
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