Topic: why do governments don't make BTC illegal worldwide ? - page 54. (Read 8116 times)
There are some conspiracy theories that NSA was behind creation of bitcoin....so lets see
I think it's a threat.
I wonder what would happen if in the future the barrel of oil starts to be priced in Satoshies instead of $.
I think a legal "war" is coming, very soon
I wonder what would happen if in the future the barrel of oil starts to be priced in Satoshies instead of $.
I think a legal "war" is coming, very soon
First and foremost governments worldwide have different perspectives or views toward any issues, in this aspect the bitcoin-- if and only we only have government that we belong to a single unified country that would be not impossible. Bitcoin is a form of CURRENCY that can be used to pay for things, properties or services, if they categorically say that then we could also push to say that other currency could be illegal-- just like Dollar or Yen for that matter. it doesn't mean that if something is different its already illegal, people or government need to study it first to take advantage of the situation. Tax can be impose, if they regulate it.
First of all, banning Bitcoin is something that democratic countries can't do openly. It would create social unrest.
Bitcoin is groundbreaking new technology and not something evil or harmful - putting Bitcoin on the same level as drugs is idiotic.
Instead of being banned I imagine that bitcoin will be embraced and heavily regulated to eliminate any kind of 'illegal activity'.
Bitcoin is groundbreaking new technology and not something evil or harmful - putting Bitcoin on the same level as drugs is idiotic.
Instead of being banned I imagine that bitcoin will be embraced and heavily regulated to eliminate any kind of 'illegal activity'.
First, a lot of people haven't even heard about Bitcoin. Out of those who have heard, most won't care. It won't cause a major uproar and people won't go protesting on the streets in any significant amounts. Governments of democratic countries can further reduce opposition, by telling their people that Bitcoin is money for criminals and terrorists. But I see a number of reasons why it haven't happened.
Bitcoin is not a threat yet. It can't process enough transactions to compete with banks, it hasn't reached mass adoption.
Bitcoin is traceable. It's much more convenient to trace its transaction, rather than something like Monero (which is not perfect too).
Governments can also benefit from Bitcoin.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Threats for banking system? Actually that kind of thinking just spread in this forum but in reality or general, majority of banks doesn't look it that way. How come it can be a threat if people itself will decide whether they will be used cryptos or banks. And besides it's more of advantage if people will used both.
And government nightmare? For how come? It's just that government priority is to ensure safety of the money because no doubt that bitcoin is more convenient when it used illegally. And if bitcoin will become globally adopted we need government here. People nowadays that just became a bitcoin enthusiast is thinking too much honestly.
It's very early to talk about governments adopting bitcoin.
Not making it illegal is a win right now.
Not making it illegal is a win right now.
If we talk about democratic countries, making bitcoin illegal is not what they want to make. Mostly countries don't see danger in btc. Only thing what they want to do - regulate bitcoins. Let's say that you received profit from btc - you have to declare it, pay taxes and etc. But make bitcoin illegal worldvide? Why they need to go in such radical way?
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked!
Though Alex Jones (et al) would have you believe that the world is controlled by a secret, unified cabal of bankers, the reality is much different. Governments and the central banks manipulating their currencies are in great competition with one another. Because Bitcoin is decentralized and thus cannot be controlled by any government, it makes no sense to ban it, because that government can't stop the rest of the world from using it.
Its still very early, even for the governments to judge whats the best option for them... It could end up benefiting them more to support and regulate it, collecting taxes or something... Only the future will tell
In my opinion, the government can not prohibit BTC, because in its existence BTC will help the state finance someday, so if they prohibit BTC entering the country, I think they only narrow the income economy of small people who earn only by searching BTC.
They can't. Even if they do, btc will become a black market industry, and people would still use it nevertheless.
Govt Can Make Illegal Anything Within Their Region.
If So, You Wouldn't Be Able To Legally Transact Using Bitcoins Without Some Penalty If You Get Caught.
Perhaps There Are Dark Markets Where You Wouldn't Be Caught, But This Would Severely Limit Bitcoin Adoption Within That Country.
Although There Is Nothing That Can Stop A Govt Or Central Bank From Banning Bitcoin,
Most Would Not Go That Far For Two Reasons:
Banning Bitcoin Is Too Difficult To Enforce Or
The Government Does Not Know What To Do With Bitcoin
If So, You Wouldn't Be Able To Legally Transact Using Bitcoins Without Some Penalty If You Get Caught.
Perhaps There Are Dark Markets Where You Wouldn't Be Caught, But This Would Severely Limit Bitcoin Adoption Within That Country.
Although There Is Nothing That Can Stop A Govt Or Central Bank From Banning Bitcoin,
Most Would Not Go That Far For Two Reasons:
Banning Bitcoin Is Too Difficult To Enforce Or
The Government Does Not Know What To Do With Bitcoin
I feel that the majority of the countries around the world do not view bitcoin as a threat, but instead they see it as something revolutionary. Time has proven that and more and more governments are beginning to understand its value. They would still like to regulate it though and impose a few restrictions here and there. In the worst case scenario, if they do indeed decided to ban it, it would provoke a huge negative response from the public which would damage their reputation and their chance to preserve their government which means that this possibility is highly unlikely.
There is no real reason to make it illegal. As for now, it is FAR from being threatening to banks and government. If it were, the government could simply regulate the use of it, instead of banning it completely. Different countries have different views of this, and I doubt the whole world will agree on banning something like this ever.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Because they do not have the power to do so. Each government has their own sovereignty and jurisdiction and imposing an ILLEGAL label to Bitcoin worldwide is impossible unless all government in the world make the same move. However, some country/government acknowledges the worth of Bitcoin so it will be difficult to make Bitcoin to be illegal on a worldwide scale. Regardless of the threat Bitcoin gives to banking system, they just can't touch Bitcoin.
That's because yet there's no an impact enough for an explosion.
First of all, banning Bitcoin is something that democratic countries can't do openly. It would create social unrest.
Bitcoin is groundbreaking new technology and not something evil or harmful - putting Bitcoin on the same level as drugs is idiotic.
Instead of being banned I imagine that bitcoin will be embraced and heavily regulated to eliminate any kind of 'illegal activity'.
Bitcoin is groundbreaking new technology and not something evil or harmful - putting Bitcoin on the same level as drugs is idiotic.
Instead of being banned I imagine that bitcoin will be embraced and heavily regulated to eliminate any kind of 'illegal activity'.
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I'm not so optimistic as you are. They can make BTC mining, trading, etc a crime as it is a real threat to their power whatever the money they can make on it from regulation ! FIAT money is the way governments have controlled us since the middle age ! BTC and altcoins and blockchain is to me the end of central authorities and therefore governments/banks/big institutions.
I don't think they will be ready to leave us free !
But yeah, some "emerging econony countries" could take advantage of a possible ban in "developed countries" making people shift their BTC-related activities in these countries.
It is clearly not black or white ! But This uncertainty is the last point that makes me fear to fully invest time/effort/money in BTC/altcoins.
Share your opinions ! I'll be happy to learn from your positions !
I don't think they will be ready to leave us free !
But yeah, some "emerging econony countries" could take advantage of a possible ban in "developed countries" making people shift their BTC-related activities in these countries.
It is clearly not black or white ! But This uncertainty is the last point that makes me fear to fully invest time/effort/money in BTC/altcoins.
Share your opinions ! I'll be happy to learn from your positions !
I beleive that many governments and banks have changed their attitude towards Bitcoin, it's not anymore so hostile as it used to be. They figured out how they can have use of Bitcoin too and they are very well aware that it's not possible to make it illegal. They accepted it as something inevitable and they don't want the war against Bitcoin anymore.
yes that is the fact. i also think that most of the states have now a very changed attitude about bitcoin. they have simpathy with bitcoin and in fact they are thinking about how to legalize bitcoin just like japan who turn bitcoin as legal currency. i am sure that very soon so many other countries are going to turn bitcoin as legal currency. Jump to: