Will the government ban bitcoin? - page 26.

Musstang

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 AM

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

So the situation can go in a different scenario. Already there are countries where bitcoin is legalized. The more countries will legalize the more countries will be connected to this. Why not get taxes from this ?

altercreed

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Seen lots of topics like this one on this forum but i think this has the most replies. Anyway, bitcoin ban depends on the discretion of the government of a particular country. Other countries ban bitcoin while others accepted and there's nothing wrong with that. Just do what you really wanted to do and just enjoy the moment if bitcoin is legal in your country.

xiaohao111

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 AM

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

I think the government might ban bitcoin. Now there are many criminals use bitcoin to crime, but because of the currency of the dispersion and anonymity, the government cannot find criminals through the currency, this will lead to criminals is becoming more rampant

Bolt Brownie

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Quote from: zakero on March 10, 2018, 06:19:00 AM

Government or governments will never be able to ban Bitcoin. This is because the industry is just too big to get rid of. There is a high demand for it and as long as there is demand, it will survive no matter what. Governments can only regulate it. Besides this, it is not a wise idea for governments to try to even ban Bitcoin or crypto currency. Because thousands of companies employ hundreds of thousands of employees and banning it will just deteriorate their unemployment rate.

I guess I agree with you, and I would also point out that if governments attempt to ban bitcoin it would probably backfire and make crypto even more popular. Also people would probably start using it underground, and it would be even harder for them to control it. Their best approach is to try to regulate like you said. If they do that, it will be less appealing for people to try to do it off radars. They will start seeing that if they obey regulation they will probably pay some taxes, but they will have no problems in using it. If they try to go underground and get caught they will be risking more than the taxes they should be paying, so there is no good risk/reward ration in going underground. If governments regulate crypto this way, then everyone wins.

jetatikarn

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I am worried about government polices, everywhere we are getting negative news.

VeronAncient

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in my country, bitcoin and altcoin are prohibited for transactional tools because there is no security guarantee for bitcoin users. and the government forbids the circulation of bitcoin for fear of being used for crime, terrorism and money laundering. but people keep searching and storing bitcoin even though it's banned in my country.

beezunus

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 AM

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

the government can indeed ban bitcoin on the grounds that bitcoin is harmful or anything but still can not control the use and circulation of bitcoin.

spiritguardcharles

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I don't think so, it's too unreasonable for bitcoin to get banned by the government without any logical reasons or explanation but we can't still deny the fact that they're capable,as well as the power to suppress the operation of bitcoin in a particular country since the government is the most influencial form of institution which regulates a large mass of people in a country,

Hovhannes

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I do not think that the government will go for such a stupid decision. Solve problems with the help of a ban, this is the worst and stupid option. The government will regulate and collect taxes.

Divyanshu2710

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It varies from country to country.
Japan,U.S.A and many other countries are accepting bitcoin so maybe seeing them developing countries too allow their people to trade in bitcoin.
I know govt. is having issues from bitcoin in many ways but it's profitable too.

nickmax

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In order to prohibit bitcoin, all countries need to unite and make a unified decision. But this is not possible in this situation. All countries are different and each has its own way of developing the economy. Therefore, bitcoin will develop, and the speed of development depends only on the decision of influential states with a strong economy.

Satish147

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Haha I am laughing now. Do you see how China banned Cryptocurrencies but how the people and exchanges are able to operate even after ban

For example OKex and Binance changed their presence from China to Hong Kong.

fullhdpixel

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Quote from: shezu007 on March 14, 2018, 02:21:52 AM

The govenrment is solid in doing such work, yet for what reason would the administration boycott such thing that could make the general population its vanquishing profitable. we should put our eyes on straightforward rationales on how bitcoin is an incredible thing.

Staying logical in life always help you in every regard of life because imaginations usually make you fool and lead to high disappointment.

Government needs to go through the technology and benefits of bitcoin in detail since the general public is making their livings with this coin, so it would be not fair and just on the part of government to deprive them of such an amazing technology without providing any alternative.

GeorgiyBilyk

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The Government WANTS to prohibit bitcoin, but it can not! this crypto market is developing very fast! officials and banks see how they swim away big money! on this they push out negative news and various prohibitions! But no matter how they put the stick in the wheel, the bikkin became very popular all over the world and its development can not be stopped!

shezu007

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The govenrment is solid in doing such work, yet for what reason would the administration boycott such thing that could make the general population its vanquishing profitable. we should put our eyes on straightforward rationales on how bitcoin is an incredible thing.

Pier7

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Government cannot control the movement of digital currencies across borders and that's why these currencies already pose a threat. Bitcoin success would also be its downfall. That is why some countries banned the bitcoin. Here in my country, we are lucky the government support the bitcoin. They just made it legal so that they could regulate the flow of bitcoins for the consumer's protection.

dvillier

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you made again this strings such a large number of subject about government bitcoin boycott, I will prescribe to you my companion before you ensure there nothing the same. some administration need to boycott crypto on the grounds that they to control bitcoin as cash there's just a single reason I can seen on that issue, since government need to gather charges from crypto's.

ping luo

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I think so.
But it is for their own purposes not for the people of their country.
Bitcoin can make the life of every human to much easier and faster. No more lines in paying bills and other stuffs.
Japan did it, then why not with other countries.
If the joke of stepping in the monetary system is their reason then it is a hell of a joke to be laughed with. Tradition will stay but we also need to push it up for change.

dvillier

member

Activity: 238

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I think there is a little potential outcomes since I trust that the legislatures everywhere throughout the world don't have enough learning about bitcoin with the goal that they didn't recognize what is the fortunate thing about it.Also they don't have any motivation to boycott it since it gives a wellspring of salary to the jobless individuals.

Breackup

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 AM

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Bitcoin is still decentralized . It is difficult to tell what the government thinks. Because the government can think of it as an anti-social. Because social media is busy spreading false news about Bitcoin . Yes, their campaign is not entirely wrong. Because many people use Bitcoin for anti social purposes. The government has all the power. If the government thinks it is harmed by Bitcoin, then the government has the power to ban it. If the government considers Bitcoin's benefits, then he will not ban it. .Bitcoin causes economic structure to be strong. And the country's economy will be strong enough to reach the peak of progress. But no government can privately close the Bitcoin. To stop Bitcoin all the cryptosystems must be dissolved.

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