Topic: What if Government bans Bitcoins? - page 51. (Read 6112 times)
If the government starts to ban bitcoin, people will use bitcoin anonymously, this will lead to an outflow of funds from the budget of countries and the payment system for illegal purchases.so, the politicians will vryatli to ban bitcoin
in some countries bitcoin is already banned but i don t think that government will ban it because they have no anylogical reason why to ban and almost pretty high number of business men use it so i dont think it is going to happen.
Most likely, the government can not completely block access to bitcoin to people. Bitcoin does not have a manufacturer, this is the essence of decentralization. And that's why, in full measure, it will most likely not be possible to prohibit bitcoin or any other decentralized currency. Progress can be slowed down, but it is impossible to stop it.
If the govermemt bans bitcoin,then a large amount of people will face financial problem.because most of the crypto users invest on bitcoin and using bitcoin to grow up with profits. many companies are directly giving payment in bitcoin.many websites are storing bitcoin from the local crypto users. in that moment if goverment ban bitcoin then every body has to face a great problem,all will get a stronger shock.and their life can be change at once.
Nothing can be done in this case,all wallet will be of waste and all investment will be lost because if the government also ban all exchange trading bitcoin,bitcoin can,t be trade to fiat currency
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??
That will be a bad news to us because we can not use it anymore. Other said that there are so many way to still work here in bitcoin. You can still work if you have an internet because bitcoin can use if you have an internet and I think your government will not ban bitcoin.
if all goverment ban bitcoin, according to me there will be some effect as follow:
1/ market will down
2/ after that there will be another coin better than bitcoin replace bitcoin position.
3/ cryptocurrency age will begin a new chapter.
1/ market will down
2/ after that there will be another coin better than bitcoin replace bitcoin position.
3/ cryptocurrency age will begin a new chapter.
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??
That will be a bad news to us because we can not use it anymore. Other said that there are so many way to still work here in bitcoin. You can still work if you have an internet because bitcoin can use if you have an internet and I think your government will not ban bitcoin.
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??
A lot of countries banned BTC already. However, there are thousands of ways to utilize BTC even with your government banning it. That's the main reason of BTC's existence, it is governed by no one.
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.
I agree with that it is interesting for people to earn money and a great opportunity and it will help our economy to grow. It will help people don't have job to get salary bitcoin will help without government.Exactly what you think, should be the government of the country that forbids bitcoin to think the same as us. the presence of bircoin brings opportunities for people who are hard to find a job, this can help the government to overcome unemployment in the country, so that people's economy can grow and prosper without having to find a job that has not definitely get it.
the government takes a long time to ban bitcoin, because the longer the more users.
so i guess that will not happen .
so i guess that will not happen .
Imagine a scenario in which the administration boycott Bitcoin. The administration don't generally "boycott" bitcoin however stop the acknowledgment of that specific cryptographic money in their nation. That implies it can likewise be utilized on the web, however it relies upon the law your legislature has said. Many individuals would prefer not to boycott Bitcoin in their nation however whales and huge speculators of digital forms of money are not stressed in these circumstances, hiw significantly more us that isn't that enormous financial specialists.
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??
At first government can't do something about bitcoin but as soon as they will find out that some people who use bitcoin harms the citizen if their country, that will be the time that they will make a move about the issue. May sure your money is not in one wallet only. It takes time to banned bitcoin so be aware if the news.
hope I hope the government does not ban bitcoin gan. if forbid they should be able to provide the right reasons and can be accepted by the community. if Banning means the government has killed the economy of its own society .
In that case banning BITCOINS BTC by the government can affect people who uses it especially in the country that blocking the flow of cryptocurrency in their national market but for now i think its difficult for a country to control this kind of digital currency due to the decentraization of its function in the social media and huge user already been part of the global market which we called it free for all to invest or even to transact (buy & sell) and many other ways to earn profit.
Well, if the Government do that without informing its people, then that would be the end of their coins. since they can't trade it anymore. However, we can also assume that before they ban Bitcoin, they will give time to all the users to trade it before they ban it for good.
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??
When the government bans the bitcoin my should beome miserable, because the bitcoin only can provide my needs and wants. Also I can help my family in our daily expenses or needs because of bitcoin, So I don't want to lose the bitcoin. The bitcoin change my life so I don't want to ban the bitcoin because of the government.
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.
Exactly! They really don't understand what Bitcoin is, Bitcoin is decentralized, government can't own Bitcoin. They should know what Bitcoin really is, because if they will legalize Bitcoin, the benefits is overflowing, I really admire Bitcoin and other cryptocurrencies. 
absolutely all governments prohibit bitcoin will not be able, because for this it is necessary to disconnect electricity or the Internet. in general, if the event of the prohibition of bitcoin occurred in your country, do not worry. go to a country where regulation has not happened yet and try to get your bitcoins out or something important.
I somehow believe that the government is not in the world to ban bitcoin in the whole world. We can partially observe the ban, but globally it is impossible, because new technologies are needed not only for society, but also for the government.
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