If it was outlawed where I'm at then it would become useless to me and I'd abandon it. I use it for buying stuff and saving. I'd have to wait a few decades for a BTC closed loop to develop before it was any use for me again.
And I don't get people who use the outlawing = sexy analogy. People are going to do drugs no matter what their legal status because it makes them feel good. I use Bitcoin for its utility. Outlawing it removes that utility almost completely and no one else I interact with is going to want it either.
Topic: Would you keepuse Bitcoin if government says bitcoin is illegal in your country? - page 9. (Read 5677 times)
August 26, 2016, 12:29:07 PM
August 26, 2016, 12:23:30 PM
Honestly it would be tough for the Government to trace the source of the Bitcoins to my personal identity until and unless I don't trade or exchange it through an authorized exchange that takes my KYC details and tax details. I'd love to still use localbitcoins to exchange if I ever needed to. Apart from that I'd also doubt it'd be illegal to use in my country presently.
August 26, 2016, 12:12:09 PM
in my country bitcoin illegal, but for me it was just a greeting and the state is not really serious to prohibit all circulation bitcoin. even now in my country, there are some places that could use bitcoin for transactions. I also still use bitcoin until now without any blocking of government.
August 26, 2016, 11:59:30 AM
no i'll keep using it, mining is anonymous enough it's not that easy to find someone mining with few gpu, you can also buy from private outside your country to avoid trouble, but you also mean that they will arrest you if you are caught? like in venezuela?
August 26, 2016, 11:39:52 AM
How can we use the bitcoin if the government states bitcoin as illegal in our country, then it becomes like using drugs when all country are banning. I wont use it , but i will avoid it and what ever account i am holding in will close everything or else i have to change the country of residing where bitcoin is acceptable
Haven't you ever wonder why some things are legal and some are banned? For example alcohol is much worse than some drugs (marijuana) and is perfectly legal in every western country.You need to think for yourself and understand second nature of some laws. Do you seriously think bitcoin ban would be beneficial and honest law?
August 26, 2016, 11:30:58 AM
I think it's okay to not obey the rules sometimes especially if you know how to hide your identity. With a simple VPN, you can cover your IP address, you just have to look out for people that might somehow be crazy enough to report you to the police because of the use of Bitcoins.
I see no reason as to why would the government will make bitcoins illegal unless they are so desperate to get every single tax from their citizens. Bitcoin is very essential and it allows me to get money without doing much physical effort. So yes, I will surely still use Bitcoin but I'll be really cautious.
I see no reason as to why would the government will make bitcoins illegal unless they are so desperate to get every single tax from their citizens. Bitcoin is very essential and it allows me to get money without doing much physical effort. So yes, I will surely still use Bitcoin but I'll be really cautious.
August 26, 2016, 11:30:07 AM
How can we use the bitcoin if the government states bitcoin as illegal in our country, then it becomes like using drugs when all country are banning. I wont use it , but i will avoid it and what ever account i am holding in will close everything or else i have to change the country of residing where bitcoin is acceptable
August 26, 2016, 11:29:13 AM
I answered " what is government " because as a teenager who lived in a country governed by dirty dying old politicians who look at the new generation as a threat to their depressing system, I used from my childhood to revolute to their oppression and I don't wait for any good change from them :
They banned YouTube : we use proxy
They banned social networks : we use the Tor browser
They don't give us access to international cards : we use Bitcoin and other ways
They ban Bitcoin (after understanding what is it) : we will find a way to throw their pow papers and continue to use it
They banned YouTube : we use proxy
They banned social networks : we use the Tor browser
They don't give us access to international cards : we use Bitcoin and other ways
They ban Bitcoin (after understanding what is it) : we will find a way to throw their pow papers and continue to use it
Are you talking about Turkey as this is the only country in the world which has banned youtube so far to my knowledge. They banned social networks after some revolts happened there. What ever they try to do they cannot oppress you as long as you have bitcoin. Now it remains only one thing which needs to be cleared here and that is how will you convert bitcoin in cash and receive it since the government has made so much restrictions. The only way is to sell bitcoin locally but that is very dangerous given the situation described by you.
August 26, 2016, 11:25:37 AM
I think i will keep use bitcoin ( using tor, vpn or safety way ) although the government says bitcoin is illegal, because i use bitcoin is just for making investment (trading altcoins) and i don't use bitcoin for another activity. I hope it is not happening.
August 26, 2016, 11:19:40 AM
Yes i will use bitcoin till it survive and i think it will survive till i die. Whatever restrictions government will have on bitcoin, even if they block excess to bitcoin online wallets i will use desktop wallets, or access online wallets via TOR.
August 26, 2016, 11:18:14 AM
I answered " what is government " because as a teenager who lived in a country governed by dirty dying old politicians who look at the new generation as a threat to their depressing system, I used from my childhood to revolute to their oppression and I don't wait for any good change from them :
They banned YouTube : we use proxy
They banned social networks : we use the Tor browser
They don't give us access to international cards : we use Bitcoin and other ways
They ban Bitcoin (after understanding what is it) : we will find a way to throw their pow papers and continue to use it
They banned YouTube : we use proxy
They banned social networks : we use the Tor browser
They don't give us access to international cards : we use Bitcoin and other ways
They ban Bitcoin (after understanding what is it) : we will find a way to throw their pow papers and continue to use it
August 26, 2016, 11:04:10 AM
As long tools to use bitcoin still exist like TOR and VPN-s or a Linux distribution with electrum on it I would just need to install electrum on my Pc once save the seed to some USB and anytime I want to use bitcoin I will load the tails live CD/DVD system and restore the wallet from the electrum there. All the transactions are done in TOR browser on Tails and this means my identity is safe. As simple as that.
August 26, 2016, 10:46:47 AM
i would not expect it to happen but if someday my country considers bitcoin illegal i think i won't use bitcoin any longer
because it's too risky for my life and i don't want to get in jail because of bitcoin
because it's too risky for my life and i don't want to get in jail because of bitcoin
August 26, 2016, 10:30:26 AM
Well, to be honest, this would be the moment to exchange of big part of my money into Gold and Bitcoin when it comes to the point where owning or trading Bitcoin willl be called illegal in my country. Usually, such bans are imposed when something is economically going wrong.
August 26, 2016, 10:17:22 AM
It will depends on the banning regulations. If using bitcoin in internet and real life can make us put on jail, then I won't take a risk, I'll leave bitcoin. But if bitcoin is banned when used in real life only, then I'll still use bitcoin in internet only.
August 26, 2016, 08:24:29 AM
I would probably still use Bitcoin, but I would certainly take some precautions like making sure that I'm completely anonymous when accessing my wallet and sending coins etc.
The one thing I would probably stop doing is converting Bitcoin into fiat, that wouldn't be too safe anymore, even if you do it just by outting it on a anonymous prepaid Mastercard.
The one thing I would probably stop doing is converting Bitcoin into fiat, that wouldn't be too safe anymore, even if you do it just by outting it on a anonymous prepaid Mastercard.
August 26, 2016, 08:17:59 AM
If its illegal then better to quit. But if chances occur that bitcoin being illegal but does not have a big punishment then better still try hoping that somehow it will benefit me more or I will gain more than the penalty needs. Still hoping that it not banned in our country .
August 26, 2016, 08:09:20 AM
I have a question at this, how would government ban bitcoin? how will they know that you are holding bitcoin? If they know that, I think they are violating your privacy or one of your right, except if bitcoin will be a threat to national security ... With that, I think I will still continue to use even if it is going to be banned if the only reason is it is not being regulated by the government..
August 26, 2016, 08:08:19 AM
As we know, some country banned bitcoin and it's illegal to use/own bitcoin there. But, i see some people who still use bitcoin even they know the risk.
do you have any list of the countries that are "confirmed" to have banned bitcoin.
to answer your question. i think i will continue using bitcoin, the only difference that would make for me is that it will cost me a VPN subscription. but i will continue using bitcoin especially in trading altcoins.
August 26, 2016, 08:05:55 AM
I don't think your government is going to make Bitcoin illegal anytime soon, especially not if they've already legalized it in some form. Bitcoin is pseduo-anonymous, so regulating it makes it much easier in comparison to altcoins that provide more anonymity. Coins such as Monero are likely to become illegal. That being said, I would still continue to use Bitcoin without any alterations. If the traditional system wasn't as flawed as it is, there would practically be no need for such coins (decentralization wise).
Note: Please lock this thread after it has reached a sufficient number of answers. Otherwise, it will turn into a 'rephrasing contest' by spammers.
Note: Please lock this thread after it has reached a sufficient number of answers. Otherwise, it will turn into a 'rephrasing contest' by spammers.
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