What will happen if 100% government ban bitcoin? - page 2.

hilariousandco

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Quote from: bitbob82 on January 28, 2014, 04:21:28 AM

I am just very worry with all the bad news flying around

I just want some expert to explain to me, what will happen if 100% of all government around the world ban bitcoin??

that would mean you will have no place to spend your bitcoin legitimately even if you have one

there will be no legitimate exchange where you can buy sell your bitcoin

any thought?

You mean ban it like drugs are banned? It's not going to stop people from using it. And you'll still be able to trade coins on places like here.

Zarathustra

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Quote from: Erdogan on January 28, 2014, 05:11:17 AM

The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

There was never any government in an anarchist environment. Anarchy is where you are not governed: In some last territories in the rainforest and in the arctic tundra; and 10'000 years ago everywhere, before the birth of the tragedy: the invention of organized violence (state and church).

EvilPanda

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Quote from: bitbob82 on January 28, 2014, 04:59:01 AM

Quote from: Elwar on January 28, 2014, 04:39:27 AM

Which government?

right now the China , Russia, India is not friendly with bitcoin and trying to limit it as much as possible

Firstly, these three countries don't have the same approach to BTC, don't put them in the same basket.
Secondly, there are over 190 countries in the World, obviously not all of them will welcome bitcoin with open arms.

Sydboy

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We will just use Tor to get around the tcp port bans the really stupid countries put in place.
My concern is cashing out in larger numbers. I do not have that problem, which is unfortunate, so localbitcoins is good enough for me and should be if everyone in the world involved is forced to use those types of sites.

The other people will stop their involvement as its illegal.

JFKing

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I hope they will never ban it ! Angry

Xenoph0bia

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Quote from: bitbob82 on January 28, 2014, 04:21:28 AM

I just want some expert to explain to me, what will happen if 100% of all government around the world ban bitcoin??

All governments around the world banning bitcoin? This would be conspiracy, right? Fortunatelly bitcoin is peer to peer network and you cant eliminate it completly so easy, you would need censor the internet as well

Erdogan

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The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

Zarathustra

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Quote from: bitbob82 on January 28, 2014, 04:21:28 AM

any thought?

Then the democracy (civilization/collectivism/idiotism) will be discredited and dead even faster than at the actual pace. Civilization would collapse even sooner than it will anyway, without this specific action. The rebirth of anarchy and humanity would come sooner.

bitbob82

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Quote from: Elwar on January 28, 2014, 04:39:27 AM

Which government?

right now the China , Russia, India is not friendly with bitcoin and trying to limit it as much as possible

Elwar

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Viva Ut Vivas

Which government?

techstorm2

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That wont happen, as some govt, somewhere will go against the grain and want to embrace the tech advantages and innovation + tax revenue from all the companies wanting to either accept btc or create btc systems. None of them will want to lose out to another country.

you'll see the usual suspects crack down on it who have always been harsh and restrictive with their citizens, china, russia.

Grin

bitbob82

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I am just very worry with all the bad news flying around

I just want some expert to explain to me, what will happen if 100% of all government around the world ban bitcoin??

that would mean you will have no place to spend your bitcoin legitimately even if you have one

there will be no legitimate exchange where you can buy sell your bitcoin

any thought?

Topic: What will happen if 100% government ban bitcoin? - page 2. (Read 2100 times)