Why in some countries Bitcoin is banned - page 15.

maku

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Quote from: btccashacc on November 22, 2015, 09:30:18 AM

because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen

Did you even think about about what you write, even for a little moment?

1. How exactly bitcoin's volatile nature has anything to do with banning or accepting bitcoin by governments?
2. FIAT money are FAR more dangerous, untraceable, anonymous and used by criminals worldwide than bitcoin will ever be.
3. You are basically repeating lies that mass media are feeding general public too oblivious to research the subject.

TheGeorge

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Quote from: btccashacc on November 22, 2015, 09:30:18 AM

because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen

Cash is more anonymous than bitcoin. Bitcoin is more traceable than cash. If you are paid salary with bitcoin, then every bitcoin you spend will be traceable by the government. The source of your payment is your employer and the government can find all your spending and verify with the retailers. If you spend the bitcoin on illegal activities, the government will know very soon.

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because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen

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Quote from: BeGoods on November 21, 2015, 11:28:15 PM

Quote from: LiteCoinGuy on November 16, 2015, 04:41:43 AM

any 2 country who hostile what is the country ?

Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland

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Quote from: LiteCoinGuy on November 16, 2015, 04:41:43 AM

any 2 country who hostile what is the country ?

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Quote from: PAKYU on November 21, 2015, 04:16:41 PM

because most of them have stupid government. don't know what actually they did.

nope, i think he do the right thing, he protect their currencies in order to stay alive and not be defeated by a foreign currency, all governments in the world to do that

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Quote from: Scream on November 21, 2015, 06:10:58 AM

Quote from: Surge_PR on November 21, 2015, 05:38:43 AM

Bitcoin is hard to regulate thats what countries fear. They want control.

goverment try to control it with "bad news" and "good news"
this is realityshow,, like a war

Bitcoin VS Goverment

they fear because of threats against their currencies, but gradually all currencies will be replaced with gold

PAKYU

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because most of them have stupid government. don't know what actually they did.

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Quote from: Pierre 2 on November 21, 2015, 10:41:31 AM

Biggest reason behind this is illegal usage of bitcoin. I mean criminals and terrorists love to use bitcoin for their dirty jobs.
So governments are lazy and they think banning it completely is enough to fight terrorism.

Illegal things becomes more popular then legal things, if they would completely ban bitcoins then it will be more widely used, as people are more addicted to illegal things, But I think Government knows that they cannot control bitcoins so they are not coming in support of it, and that is the reason people hesitate in using bitcoins as they have more faith in their Governments then bitcoins.

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Biggest reason behind this is illegal usage of bitcoin. I mean criminals and terrorists love to use bitcoin for their dirty jobs.
So governments are lazy and they think banning it completely is enough to fight terrorism.

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Quote from: DeathAngel on November 21, 2015, 06:54:00 AM

We have power hungry, controlling governments & fiat banks that fear bitcoin.

Yeah, the Governments of the countries play a very critical role when it comes to bitcoins, I think the future of bitcoins is totally dependent on the Governments of the respective countries, If the Governments will come in support of bitcoins then it will shine like a gold or it would simply just disappear from the market.

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Quote from: virtualx on November 21, 2015, 07:12:49 AM

Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

When money is illegal, you have to wonder why.

Summary of reasons said so far:

- Transparency of spending funds is what makes the governments afraid
- Bitcoins have excellent privacy system, so no one can even trace your transactions
- because it is too anonym
- potentially being used by criminals and to buy illegal stuff
- It's used for crime, it's used for gambling, porn industries.
- Tax evasion
- They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system.
- Economic reasons
- We have power hungry, controlling governments & fiat banks that fear bitcoin.
- threat to a country's currency
- they want control
- It poses a threat to the currency issued by the government
- the countries that have explicitly done so also always seem to have very shitty, corrupted governments

It's up to you decide if each argument is true or not.

Nothing that you mentioned I can disagree with.

It is possible for bitcoin to exists with any other countries currency next to it.

Bitcoinpro

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because its alot easier to steal someones coins if u can lock them up and beat them

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Quote from: LiteCoinGuy on November 21, 2015, 05:43:32 AM

Quote from: sartorpc on November 16, 2015, 08:37:37 PM

Quote from: LiteCoinGuy on November 16, 2015, 04:41:43 AM

Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void?

they dont give a shit about it and dont know about it. ut the pic a little bit old (from 2014). countries like argentina already made some statements.

Wink

Yesss, argentina now speak to the world that bitcoin are legal and recognized as money. Free to use there. Not like russia government. Make ban on every bitcoin activity.

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Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

When money is illegal, you have to wonder why.

Summary of reasons said so far:

- Transparency of spending funds is what makes the governments afraid
- Bitcoins have excellent privacy system, so no one can even trace your transactions
- because it is too anonym
- potentially being used by criminals and to buy illegal stuff
- It's used for crime, it's used for gambling, porn industries.
- Tax evasion
- They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system.
- Economic reasons
- We have power hungry, controlling governments & fiat banks that fear bitcoin.
- threat to a country's currency
- they want control
- It poses a threat to the currency issued by the government
- the countries that have explicitly done so also always seem to have very shitty, corrupted governments

It's up to you decide if each argument is true or not.

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We have power hungry, controlling governments & fiat banks that fear bitcoin.

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Quote from: Patatas on November 21, 2015, 06:43:01 AM

Quote from: DiamondCardz on November 21, 2015, 06:12:44 AM

Quote from: Patatas on November 21, 2015, 06:08:50 AM

I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can.

Well, countries like Kyrgyzstan and Vietnam have explicitly banned Bitcoin but it seems that the countries that have explicitly done so also always seem to have very shitty, corrupted governments. I don't think we'll see a Bitcoin ban in a country like the US or the UK, even though we don't exactly have perfect governments arguably.

The number people using technology to its fullest are comparatively more in US or UK than other countries like Vietnam.Moreover your population is highly literate I mean the government can't fool you easily and you can use your right to freedom efficiently ,even if that means you're doing something against the law and it could be legalised through active support moments .Ex legalisation of marijuana .However in India if you stand up against govermnent laws you are put behind the bars without an answer.Anyhow it all ends with the corrupt government to their illerate crowd .

Yep. It's like how if a website is banned in say China (The Great Firewall of China is a great example of this), not much happens about it as a smaller proportion (although it's growing quickly) of the population has access to the internet anyway and an even smaller proportion cares. In the US or UK, something like that would go down very, very badly.

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Quote from: DiamondCardz on November 21, 2015, 06:12:44 AM

Quote from: Patatas on November 21, 2015, 06:08:50 AM

I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can.

Well, countries like Kyrgyzstan and Vietnam have explicitly banned Bitcoin but it seems that the countries that have explicitly done so also always seem to have very shitty, corrupted governments. I don't think we'll see a Bitcoin ban in a country like the US or the UK, even though we don't exactly have perfect governments arguably.

The number people using technology to its fullest are comparatively more in US or UK than other countries like Vietnam.Moreover your population is highly literate I mean the government can't fool you easily and you can use your right to freedom efficiently ,even if that means you're doing something against the law and it could be legalised through active support moments .Ex legalisation of marijuana .However in India if you stand up against govermnent laws you are put behind the bars without an answer.Anyhow it all ends with the corrupt government to their illerate crowd .

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Quote from: Slark on November 21, 2015, 06:14:26 AM

Quote from: DiamondCardz on November 21, 2015, 06:07:19 AM

Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens.

Liberty Dollars started as a commercial venture to establish an alternative US currency, including physical banknotes and coins, backed by precious metals.
This, in and of itself, is not illegal. They were prosecuted under counterfeiting laws because the silver coins allegedly resembled US currency.

Correct. I did acknowledge this a bit. It's important to note that there are quite a few countries that HAVE banned Bitcoin already though.

Quote from: Slark on November 21, 2015, 06:14:26 AM

Bitcoins do not resemble the currency of the US or of any other nation in any way, shape, or form. The word "dollar" is not attached to them in any way. The "$" symbol is not used in any way.

While I don't think the US will ban Bitcoin, this hasn't stopped other countries from doing so.

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Quote from: DiamondCardz on November 21, 2015, 06:07:19 AM

Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens.

Liberty Dollars started as a commercial venture to establish an alternative US currency, including physical banknotes and coins, backed by precious metals.
This, in and of itself, is not illegal. They were prosecuted under counterfeiting laws because the silver coins allegedly resembled US currency.

Bitcoins do not resemble the currency of the US or of any other nation in any way, shape, or form. The word "dollar" is not attached to them in any way. The "$" symbol is not used in any way.

More at:https://en.bitcoin.it/wiki/Myths#Bitcoins_will_be_shut_down_by_the_government_just_like_Liberty_Dollars_were

Topic: Why in some countries Bitcoin is banned - page 15. (Read 16635 times)