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Topic: Why in some countries Bitcoin is banned - page 13. (Read 16635 times)

full member
Activity: 126
Merit: 100
November 30, 2015, 01:17:38 PM
Criminal everywhere they say they care only about the bad of bitcoins and not the good
legendary
Activity: 1610
Merit: 1183
November 30, 2015, 12:49:54 PM
Give a man the control of the money and the man will have the control of the people, thats why governments are as nervous as it gets about Bitcoin and thats why they want scare people away to use it. If network effect ensues and people start using Bitcoin en masse then it's game over for them and they knwo it, hats why they have to start dropping all those negative news to try to crush it. Too bad that if we have learned something by now is taht Bitcoin cannot be shut down.
full member
Activity: 182
Merit: 100
November 30, 2015, 12:48:13 PM
It's banned because of security. Bitcoin is anonymous don't forget.
so why if bitcoin anonymous ? whether the reason for terrorism ? what because state officials will make money laundry in bitcoin ?

I think that is can not be a reason strong, the only acceptable reason is because bitcoin can not be controlled by the state. Tongue


The government can control bitcoin if they see potential threat. Maybe not literally bitcoin itself but  Like they can create laws about it or maybe they can control internet providers to do something about it in exchange with their business permits or something like that. There is no way a state allows threat including bitcoin (if it's going to be a threat). State maybe cannot totally control bitcoin but it's no way out of their hands.
legendary
Activity: 1218
Merit: 1007
November 30, 2015, 12:46:59 PM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now.
Source for which countries have officially banned Bitcoin?

I'm not trying to disregard your claim, but I'm curious to see where the information came from, as I've heard many different pieces of information regarding the legality of Bitcoin in different countries throughout the world.

I agree with your comment on how people think terrorists are using Bitcoins all the time, when in reality, they take up only a small portion of the Bitcoin users. Typically it's only a rumor that terrorists used Bitcoin for "x" event, however I don't have any statistics to back that up, so feel free to refute me if it's wrong.
full member
Activity: 182
Merit: 100
November 30, 2015, 12:15:29 PM
It's just means that government can control everything including bitcoin. Well I said that since I read some thread saying government can't control bitcoin or bitcoin is a threat to fiat.
newbie
Activity: 1
Merit: 0
November 30, 2015, 11:17:32 AM
Don't really get it what exactly are you trying to question, but Bitcoin use is frowned upon on several countries do to it's volatile nature and because it represents a threat to governments... Also, wrong section, this should probably be on Discussion Smiley
very good  agree with yours
full member
Activity: 224
Merit: 100
November 30, 2015, 11:12:46 AM
There are no excuses for Bitgcoin to be banned IMO. It's just a currency, whatever ppl involve it in shouldn't affect the legality of it.

Well, it obviously is effecting the government on the decisions they make. I think that if they're not accepting bitcoin as an official currency they shouldn't let you pay taxes over them
sr. member
Activity: 406
Merit: 250
November 30, 2015, 10:35:02 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now.

Some countries don't acknowledge bitcoin as a currency yet they do want to make you pay taxes and see bitcoin as an income.
hero member
Activity: 490
Merit: 500
November 30, 2015, 09:42:33 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now.
legendary
Activity: 3122
Merit: 1398
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November 30, 2015, 08:11:00 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Actually if government will centralized bitcoin in one country, they will gain taxes from all bitcoin transaction in one country by inserting some government transaction into a system. In this way, country will be benefited by bitcoin. For example, bitcoin> party > tax. How? That is the missing link. It's just a matter of how the government system will apply the system like the normal fiat does.
legendary
Activity: 3332
Merit: 1404
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November 30, 2015, 08:04:57 AM
There are no excuses for Bitgcoin to be banned IMO. It's just a currency, whatever ppl involve it in shouldn't affect the legality of it.
legendary
Activity: 1148
Merit: 1000
November 30, 2015, 07:57:13 AM
Bitcoin's anonymous nature is not something any government would be thrilled about, I suppose some are more paranoid/strict/wary than others. 'Banned' is just the official stance though, they can't really stop people from using Bitcoin and they probably don't spend a lot of resources trying either.
sr. member
Activity: 364
Merit: 250
November 30, 2015, 07:26:37 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.
sr. member
Activity: 269
Merit: 250
November 30, 2015, 07:22:23 AM
I think they don't want that people buy some illegal stuff.

Or that Bitcoin the won't be good for the economy in that country.
legendary
Activity: 3122
Merit: 1398
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November 30, 2015, 05:09:21 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.
member
Activity: 233
Merit: 10
November 30, 2015, 04:19:51 AM
I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.
legendary
Activity: 3248
Merit: 1072
November 30, 2015, 03:52:37 AM
It's banned because of security. Bitcoin is anonymous don't forget.

Its not anonymous.. its pseudo anonymous..
A lot of people just believe its anonymous

because it is if you only move funds from one address to another, then you can always exchange face to face, how this is not anonymous?
hero member
Activity: 661
Merit: 509
November 29, 2015, 04:19:48 PM
In some countries bitcoin is thought damaging the local currency. For instance in Kyrgyzstan national bank had banned bitcoin because of this.
www.nbkr.kg/searchout.jsp?item=31&material=50718&lang=ENG
legendary
Activity: 1624
Merit: 2504
November 29, 2015, 04:16:41 PM
It's banned because of security. Bitcoin is anonymous don't forget.

Its not anonymous.. its pseudo anonymous..
A lot of people just believe its anonymous
member
Activity: 88
Merit: 10
November 29, 2015, 04:15:44 PM
It's banned because of security. Bitcoin is anonymous don't forget.
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