What If There Is A Ban - page 2. | Bitcointalksearch.org

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: noormcs5 on March 01, 2023, 06:56:59 PM

Quote from: Crypto Library on March 01, 2023, 01:26:39 PM

Quote from: Minor Miner on March 01, 2023, 02:34:18 AM

The ban definitely won't happen because they have realized that the ban doesn't work and doesn't even benefit them, countries that ban bitcoin not only don't stop people from using bitcoin, they also lose out on huge taxes. But strict regulations will also be a problem for us, we will no longer be free, and our privacy will be violated by those regulations. Many people think that regulation will be good for the market, but I am not sure about that, there is a lot to face when there is regulation.

Well said , Countries that do not legalize bitcoin are losing a large portion of their tax revenue. Specially if we talk about my country cryptocurrency has not been legalized yet but recently a news came out that about 4million people use cryptocurrency in our country.
And these four million people are using it as well as they are, in my case a big part of my income is from cryptocurrency but my advantage here is that I don't have to pay any tax. Thus the government is losing their revenue, our information state minister Allready said and that we should know or be efficient about the way to control it and not declare it illegal.

So is it good for you that bitcoin is not legal in your country and it saves you from paying taxes?

By the way, if the government wants they can have a crackdown against these four million people as they are using bitcoin illegally. They can seize all their crypto in this case. It is better to pay taxes than to get lose all of your crypto holdings.

They can, but it will take a lot of work to catch those 4 million people and force them to pay taxes. When it comes to taxes, most of the government is tracking down those rich or big people that aren't paying taxes or evading them, as they need to pay a lot. That is why you are not shocked when Manny Pacquiao wins his boxing match; the tax department in the country is reminding him to pay the tax as he earns a huge amount. I know that paying taxes is big and also sometimes time consuming, but it would be best to pay it than have trouble in the future.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: KennyR on March 02, 2023, 06:53:28 PM

Quote from: posi on March 02, 2023, 04:40:30 AM

Quote from: Sebas.tian on March 02, 2023, 12:06:53 AM

Quote from: Jason Brendon

Where will you be and what kind of life will it be and how is it going to impact yours?

Well, I will be living well if such thing happen because I have other business that is bringing me income daily which will help me to do what will make my business to improve more in the environment. Since, am not investing all my money in Bitcoin, if such thing happen many people will cope well because many have used what they achieved from Bitcoin to established many business that is bringing them steady profits. Now that the whole world know how important Bitcoin is to the world to eliminate high inflation and bring low deflation which will be difficult for Bitcoin to be ban from the whole world.

Yes, bitcoin is not our only source of income, bitcoin is just one of our side incomes, so if that happens, we will suffer, but it won't be too serious.
Bitcoin has been around for 14 years, but people have only invested in it in recent years, which means before that, we also lived well without bitcoin. So without it wouldn't be a big problem. But I also believe that banning it is not going to happen, instead, we are seeing that its adoption is increasing every day.

Survival without bitcoin is possible, what about all the investment we've made over bitcoin through the years. Always there'll be a solution and we don't experience such scenario with bitcoin. Complete ban on bitcoin isn't possible and if such thing is possible long back itself countries would've tried it.

With time the market is getting regulated and the acceptance level is high. So, we can expect positive things to happen relative to bitcoin than something negative. Few countries have given it utmost importance to improve their economy which itself enough to describe it will be used for long.

It looks like you're investing in bitcoin with money you can't lose. Even if bitcoin is not banned by governments, it still has other risks, we all know that the future of bitcoin is still a question mark. There is no guarantee or certainty with bitcoin.
We are all investors in bitcoin, and bitcoin gives huge profits, so no one wants bad things to happen. But as an investment, there is always risk, so it's important to have a backup plan should that happen.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

If there will be a ban or some incident like that will gonna happen in our country, then that would be the worse thing will gonna happen to us because we are used to trading crypto right now. not only me but also my fellow countrymen who are taking their daily trading into their real job every day. I think I will just gonna simply convert all my crypto assets into agricultural wealth because I can't any longer use them for business and probably will gonna just retired and live my life on my farm if ever I had a chance to multiply my profits these coming years.

Tony116

legendary

Activity: 2338

Merit: 1023

DGbet.fun - Crypto Sportsbook

Quote from: KennyR on March 02, 2023, 06:53:28 PM

Survival without bitcoin is possible, what about all the investment we've made over bitcoin through the years.

Don't forget our investment mantra, no matter how good bitcoin is, invest only what you can lose and diversify your portfolio. It is not a wise decision to depend solely on bitcoin, never put your eggs in one basket.

Quote from: KennyR on March 02, 2023, 06:53:28 PM

Always there'll be a solution and we don't experience such scenario with bitcoin. Complete ban on bitcoin isn't possible and if such thing is possible long back itself countries would've tried it.

With time the market is getting regulated and the acceptance level is high. So, we can expect positive things to happen relative to bitcoin than something negative. Few countries have given it utmost importance to improve their economy which itself enough to describe it will be used for long.

A complete ban won't happen as there will be countries that will see the benefits of bitcoin, but the government's not banning bitcoin doesn't mean they can't, they see that banning is not in their favour. One country cannot completely ban bitcoin, but if many countries ban bitcoin, it will be a serious problem.

jokers10

legendary

Activity: 1974

Merit: 3049

Quote from: nullama on March 02, 2023, 06:29:09 PM

You can have wireless communications.

You can even transmit Bitcoin through satellite: https://blockstream.com/satellite

If it is prohibited in entire country it will be really hard to hide a satellite dish with data sending function. And all other wireless ways of connecting through Internet use the same trunk cables which can be cut off by government. We know that there are mostly no users from North Korea who have such a problem. You can try to find a solution but total majority will have no such option.

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: posi on March 02, 2023, 04:40:30 AM

Quote from: Sebas.tian on March 02, 2023, 12:06:53 AM

Quote from: Jason Brendon

Where will you be and what kind of life will it be and how is it going to impact yours?

Well, I will be living well if such thing happen because I have other business that is bringing me income daily which will help me to do what will make my business to improve more in the environment. Since, am not investing all my money in Bitcoin, if such thing happen many people will cope well because many have used what they achieved from Bitcoin to established many business that is bringing them steady profits. Now that the whole world know how important Bitcoin is to the world to eliminate high inflation and bring low deflation which will be difficult for Bitcoin to be ban from the whole world.

Yes, bitcoin is not our only source of income, bitcoin is just one of our side incomes, so if that happens, we will suffer, but it won't be too serious.
Bitcoin has been around for 14 years, but people have only invested in it in recent years, which means before that, we also lived well without bitcoin. So without it wouldn't be a big problem. But I also believe that banning it is not going to happen, instead, we are seeing that its adoption is increasing every day.

Survival without bitcoin is possible, what about all the investment we've made over bitcoin through the years. Always there'll be a solution and we don't experience such scenario with bitcoin. Complete ban on bitcoin isn't possible and if such thing is possible long back itself countries would've tried it.

With time the market is getting regulated and the acceptance level is high. So, we can expect positive things to happen relative to bitcoin than something negative. Few countries have given it utmost importance to improve their economy which itself enough to describe it will be used for long.

nullama

hero member

Activity: 1008

Merit: 960

Quote from: jokers10 on March 02, 2023, 04:23:48 AM

~snip~
Internet is not virtual in reality, it is based on servers and communication lines (cables) between them. If a ban is based on a program decision only then VPN can usually help, but if you don't have a cable connected to Internet no VPN will help because you need some physical connection. If some intranet has no connection to Internet then no VPN will work as no data of any kind can be transferred between not connected intranet and Internet. The same as you can't call your friend in another city if you have no kind of phone.

You can have wireless communications.

You can even transmit Bitcoin through satellite: https://blockstream.com/satellite

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: Sebas.tian on March 02, 2023, 12:06:53 AM

Quote from: Jason Brendon

Where will you be and what kind of life will it be and how is it going to impact yours?

Well, I will be living well if such thing happen because I have other business that is bringing me income daily which will help me to do what will make my business to improve more in the environment. Since, am not investing all my money in Bitcoin, if such thing happen many people will cope well because many have used what they achieved from Bitcoin to established many business that is bringing them steady profits. Now that the whole world know how important Bitcoin is to the world to eliminate high inflation and bring low deflation which will be difficult for Bitcoin to be ban from the whole world.

Yes, bitcoin is not our only source of income, bitcoin is just one of our side incomes, so if that happens, we will suffer, but it won't be too serious.
Bitcoin has been around for 14 years, but people have only invested in it in recent years, which means before that, we also lived well without bitcoin. So without it wouldn't be a big problem. But I also believe that banning it is not going to happen, instead, we are seeing that its adoption is increasing every day.

jokers10

legendary

Activity: 1974

Merit: 3049

Quote from: GeorgeJohn on March 01, 2023, 10:04:47 AM

I have no ideas that can be possible, because i taught that with the help of VPN weather the cut off your internet or not you can have access to any website, because the ip address the country is not long been display in the server. Many people i know have experience ban on internet and their internet was restricted through the ip of the system used but with VPN with another another address it happens to restore the internet.

Internet is not virtual in reality, it is based on servers and communication lines (cables) between them. If a ban is based on a program decision only then VPN can usually help, but if you don't have a cable connected to Internet no VPN will help because you need some physical connection. If some intranet has no connection to Internet then no VPN will work as no data of any kind can be transferred between not connected intranet and Internet. The same as you can't call your friend in another city if you have no kind of phone.

kelechi

newbie

Activity: 72

Merit: 0

Quote from: Jason Brendon on February 20, 2023, 08:02:53 PM

We all agree we're living in a crazy world and what's far worse is that it is managed by a bunch of clowns..
So, let's think wildly, one day US were to further increase the censorship just like some of the other countries in the world, they ban bitcoin, they ban VPN, they pass legislation for those who mine/trade/spend btc will be sent to jail.
(Let's not say it's not going to happen. It can! You never know just like you would never have known that there's a war in 2022.)

Other countries start to follow.

Where will you be and what kind of life will it be and how is it going to impact yours?

I'm ready if it would be like that. Or just move some place which accept it

Sebas.tian

full member

Activity: 2184

Merit: 184

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Jason Brendon

Where will you be and what kind of life will it be and how is it going to impact yours?

Well, I will be living well if such thing happen because I have other business that is bringing me income daily which will help me to do what will make my business to improve more in the environment. Since, am not investing all my money in Bitcoin, if such thing happen many people will cope well because many have used what they achieved from Bitcoin to established many business that is bringing them steady profits. Now that the whole world know how important Bitcoin is to the world to eliminate high inflation and bring low deflation which will be difficult for Bitcoin to be ban from the whole world.

tread93

hero member

Activity: 1344

Merit: 583

Quote from: Jason Brendon on February 20, 2023, 08:02:53 PM

We all agree we're living in a crazy world and what's far worse is that it is managed by a bunch of clowns..
So, let's think wildly, one day US were to further increase the censorship just like some of the other countries in the world, they ban bitcoin, they ban VPN, they pass legislation for those who mine/trade/spend btc will be sent to jail.
(Let's not say it's not going to happen. It can! You never know just like you would never have known that there's a war in 2022.)

Other countries start to follow.

Where will you be and what kind of life will it be and how is it going to impact yours?

You know that’s really like the modern day an on the gold standard, which then it was a lot easier to hide or send bags of gold coins or physically take them to a bank account in Switzerland for safe keeping. Honestly though I think that it would be a lot easier to move these funds, so long as you have a plan B. If you don’t then I suggest you put some thought into that. If I told you my plan I’d have to Jill you 😉

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Crypto Library on March 01, 2023, 01:26:39 PM

Quote from: Minor Miner on March 01, 2023, 02:34:18 AM

The ban definitely won't happen because they have realized that the ban doesn't work and doesn't even benefit them, countries that ban bitcoin not only don't stop people from using bitcoin, they also lose out on huge taxes. But strict regulations will also be a problem for us, we will no longer be free, and our privacy will be violated by those regulations. Many people think that regulation will be good for the market, but I am not sure about that, there is a lot to face when there is regulation.

Well said , Countries that do not legalize bitcoin are losing a large portion of their tax revenue. Specially if we talk about my country cryptocurrency has not been legalized yet but recently a news came out that about 4million people use cryptocurrency in our country.
And these four million people are using it as well as they are, in my case a big part of my income is from cryptocurrency but my advantage here is that I don't have to pay any tax. Thus the government is losing their revenue, our information state minister Allready said and that we should know or be efficient about the way to control it and not declare it illegal.

So is it good for you that bitcoin is not legal in your country and it saves you from paying taxes?

By the way, if the government wants they can have a crackdown against these four million people as they are using bitcoin illegally. They can seize all their crypto in this case. It is better to pay taxes than to get lose all of your crypto holdings.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ?? on ??

Bans cannot just be put all of a sudden .and with bitcoin and other crypto currencies bringing a bright future to the digital world the government will definitely put these into consideration therefore the chances of a ban universally happening is approximately <1

We know that each government does have their own takings and perceptions towards Bitcoin or crypto.They could impose bans and restrictions if they wanted to but we know that there are
places which do really reconsider out its existence and do make see of its benefits and usage or actual utility which turns out not to be bad after all.For those people who do reside
on countries which does have complete ban on crypto then they could still make some underground transactions without compromising their identity and thats
the beauty of it.

tiCeR

hero member

Activity: 1890

Merit: 824

Defend Bitcoin and its PoW: bitcoincleanup.com

Quote from: Crypto Library on March 01, 2023, 01:26:39 PM

Quote from: Minor Miner on March 01, 2023, 02:34:18 AM

The ban definitely won't happen because they have realized that the ban doesn't work and doesn't even benefit them, countries that ban bitcoin not only don't stop people from using bitcoin, they also lose out on huge taxes. But strict regulations will also be a problem for us, we will no longer be free, and our privacy will be violated by those regulations. Many people think that regulation will be good for the market, but I am not sure about that, there is a lot to face when there is regulation.

Well said , Countries that do not legalize bitcoin are losing a large portion of their tax revenue. Specially if we talk about my country cryptocurrency has not been legalized yet but recently a news came out that about 4million people use cryptocurrency in our country.
And these four million people are using it as well as they are, in my case a big part of my income is from cryptocurrency but my advantage here is that I don't have to pay any tax. Thus the government is losing their revenue, our information state minister Allready said and that we should know or be efficient about the way to control it and not declare it illegal.

I don't really understand your statement and you to elaborate. You say that you don't have to pay tax. Does that mean that there is a law defining tax requirements for cryptocurrencies? Or is there no law at all and that is why you think you don't have to pay tax? I know a lot of countries where it took quite some time to come up with tax guidelines but many of those countries have neither declared Bitcoin illegal nor legal, yet tax laws apply and it works. It is chaos here and there but it works.

If a clear tax exemption has been announced in your country, isn't that a first step to "legalization" in the grand scheme of things?

Crypto Library

hero member

Activity: 1036

Merit: 933

Find your Digital Services at- cryptolibrary.pro

Quote from: Minor Miner on March 01, 2023, 02:34:18 AM

The ban definitely won't happen because they have realized that the ban doesn't work and doesn't even benefit them, countries that ban bitcoin not only don't stop people from using bitcoin, they also lose out on huge taxes. But strict regulations will also be a problem for us, we will no longer be free, and our privacy will be violated by those regulations. Many people think that regulation will be good for the market, but I am not sure about that, there is a lot to face when there is regulation.

Well said , Countries that do not legalize bitcoin are losing a large portion of their tax revenue. Specially if we talk about my country cryptocurrency has not been legalized yet but recently a news came out that about 4million people use cryptocurrency in our country.
And these four million people are using it as well as they are, in my case a big part of my income is from cryptocurrency but my advantage here is that I don't have to pay any tax. Thus the government is losing their revenue, our information state minister Allready said and that we should know or be efficient about the way to control it and not declare it illegal.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

Quote from: jokers10 on March 01, 2023, 02:15:14 AM

Quote from: GeorgeJohn on February 28, 2023, 05:30:03 PM

Their is no way a country can ban Bitcoin also ban a VPN it's impossible, I'm just exaggerating in this point, i think sometimes ago I heard that Russia don't have access in Bitcointalk but they do access the site with VPN. So therefore, I'm of the opinion that if a country ban Bitcoin accessibility, basically they will be the use of VPN for easy penetration and change of ip address of the country using VPN.

You can always cut off a cable like North Korea did: if you have no access to external Internet physically no VPN will help you. Of course some people in North Korea have prohibited devices with Internet from China, but very few and mostly close to a border of China, and majority hasn't. So maybe some people can get access to banned networks, but it will be hard to do so for majority because government prohibits not for reasons to give opportunity for everyone to used what banned, they will toughen the punishment and increase controls.

I have no ideas that can be possible, because i taught that with the help of VPN weather the cut off your internet or not you can have access to any website, because the ip address the country is not long been display in the server. Many people i know have experience ban on internet and their internet was restricted through the ip of the system used but with VPN with another another address it happens to restore the internet.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: Uruhara on February 27, 2023, 06:32:19 PM

But it seems that a ban on Cryptocurrency is not going to happen in the US. As said by the US Minister of Finance who instead has promised strong regulation. So some tightening of the rules might actually happen but I don't think it will be a problem. and with this it is ensured that Cryptocurrency will be safe and there will be no ban.

--------
Refernce: https://watcher.guru/news/cryptocurrencies-safe-from-ban-us-treasury-secretary-promises-robust-regulations?

The ban definitely won't happen because they have realized that the ban doesn't work and doesn't even benefit them, countries that ban bitcoin not only don't stop people from using bitcoin, they also lose out on huge taxes. But strict regulations will also be a problem for us, we will no longer be free, and our privacy will be violated by those regulations. Many people think that regulation will be good for the market, but I am not sure about that, there is a lot to face when there is regulation.

jokers10

legendary

Activity: 1974

Merit: 3049

Quote from: GeorgeJohn on February 28, 2023, 05:30:03 PM

Their is no way a country can ban Bitcoin also ban a VPN it's impossible, I'm just exaggerating in this point, i think sometimes ago I heard that Russia don't have access in Bitcointalk but they do access the site with VPN. So therefore, I'm of the opinion that if a country ban Bitcoin accessibility, basically they will be the use of VPN for easy penetration and change of ip address of the country using VPN.

You can always cut off a cable like North Korea did: if you have no access to external Internet physically no VPN will help you. Of course some people in North Korea have prohibited devices with Internet from China, but very few and mostly close to a border of China, and majority hasn't. So maybe some people can get access to banned networks, but it will be hard to do so for majority because government prohibits not for reasons to give opportunity for everyone to used what banned, they will toughen the punishment and increase controls.

Uruhara

hero member

Activity: 630

Merit: 611

Quote from: nullama on February 28, 2023, 05:22:40 PM

Also, the most important thing is that Bitcoin cannot realistically be banned.

It's like banning the Internet, there will always be ways to use it.

China has tried a lot, it never works.

Prohibition in the US for example, only created more demand for alcohol.

Same with Bitcoin, I don't think they will try to ban it in the US.

Correct. Developed countries will definitely think further. because they also know that banning crypto won't be very effective if done. The formation of crypto regulations will probably be the thing that most countries do. and if the US has done this then there will be more developing countries that will also follow in the footsteps of the US.

But a big country like Russia has even been very open with the use of crypto. so actually the future of crypto I think will be much better in the future even though it will be closely monitored with crypto regulations implemented in each country.

Topic: What If There Is A Ban - page 2. (Read 907 times)