Bitcoin Forum

Okay so, bitcoin is outright banned in some countries, so the banning of bitcoin is already a reality. The major government including Russia, China, and the USA (just to name a few) could also ban bitcoin and cryptocoins in general. My questions to you guys are: What do you think will happen to bitcoin? If any, what is your plan of action and what would you like to see from the community in terms of continuation and development? Bitcoin probably will never die but the banning of bitcoin could change the whole dynamics (let alone a temporary major price dip).

I'll give my thoughts first. I think bitcoin will grow and develop into what we want it to be regardless of the legal status. Fundamentally what bitcoin represents is anti-authoritarian and governments banning of it should not much of an impact fundamentally. Sure the price will suffer for at least a while although still climb "to the moon" probably, but as far as technical development and social spreading goes, I think that will continue. Unfortunately that could mean that it operates in the black market only for a while which would slow things down but I do think that would be a temporary affect. I am curious though if the governments could have a strong enough desire to destroy bitcoin or prevent it from growing past a certain point, that they could actually do that. So I wonder what you guys' thoughts are.

More countries won't plan of banning bitcoin or the digital currency network, because soon everything is gonna get digitalized. At the same countries plan to ban and make regulations only when there economy gets affected by the bitcoin. Possibly very few with a fear of economy fall has banned, but users still continues to use it. So not much effects can be seen over the growth or potential of bitcoin.

But how will these "bans" really be effective? I could always use a VPN and Tails Linux to hide my transactions and dealings from the authorities. The only difficulty I could go thru is how to convert to fiat if I only decide to convert but it is not impossible. An underground market for Bitcoin to fiat conversion could take place in a big way.

It will be like dowloading movies and music thru torrents. It is "banned" but they have difficulty enforcing it.

Banning or making Bitcoin illegal is not really a concern for the Bitcoin network.
It will only be a problem for users who are holding for speculative purposes or get rich quick schemes.

The only true concern is governmental regulation invading and attaching into the network itself.
It would be very hard for them to do, but not impossible. That would destroy the very reason for using Bitcoin.
For example, there will be "clean vs. dirty" coins, address registrations, and address blacklistings and coin freezes.

probably will  affect  the price in a small way but the bitcoin It was initially created to jump the barriers of the banking system. So users belonging to these countries simply  it will use at his own risk, my personal case in Venezuela is not clear whether it is legal or illegal and still is a very large market with several public exchanges  working but  ensuring the anonymity of his users

Rusian isn't. to be honest it's just your difficult think about how the effect if bitcoin are get banned by the government, but in reality isn't long like an essay like you said before. looks like Russia, they should for taking any act for preventing the spreading of bitcoin in their country and making any statement about using bitcoin are including on the illegal activities. it's not giving a lot of impact for bitcoin, and I say totally wrong.

I won't be a much big of a problem, because bitcoin isn't controlled by any government so it cannot really ban from using it people will still use it. The only downside might be that bitcoin's price might not rise and instead drop.

I do not think that effect of banning bitcoin will make the users in a trouble. Bitcoin can be use anonimously so no one include goverment can trace butcoin transaction. Although they block by internet but there is so many various vpn that will help the users to still use theur bitcoin. This really the strenght of bitcoin. I was know some body who live in the country that banning bitcoin but he still can used it. Thats It.

Some of my thoughts about legal status of Bitcoin. There is not real explanation why Bitcoin SHOULD be banned. It is not harmful, it is not evil.

Instead governments are worried because BTC=Freedom.

Bitcoin is a currency. Only countries with extremely week economy banned bitcoin - look at Bolivia or Bangladesh.

Some governments say that there are some concerns about bitcoin being 'anonymous' and therefore it may be used as payment method for drugs or weapons.
And apparently tax evasion and money laundering is very easy with BTC - someone should educate these experts how FIAT works...

Might as well ban tickets at arcades and ebooks too...

These will be bad news for sure,I believe that the number of new Bitcoin users will decline, people are afraid of law enforcements and government regulations especially the ones who are not aware of technical details will be easily manipulated from the typical media bs against Bitcoin.
As for the ones who already own Bitcoins I think that most of them know how to protect their privacy and they will keep using them (assuming that the price won't hit the bottom after the ban)

The three given countries you know are greedy countries as long as they are going to get profit with it and their citizens are getting good benefits from it. They won't ban it, but with your question. If bitcoin will be ban for those countries, I won't be affected as there are a lot of genius in the bitcoin industry that will keep on helping us to survive and earn with bitcoin.

since bitcoin is not a centralized money, even if the government decides to ban it some day bitcoin will still continue existing and also being used by people fo both trading and spending.

the only difference would be the fact that it becomes harder and scary to use it.

Doesn't affect me because it is not in hand if anyone and we could still use it no one could even know who is using it. Many country like Us will not ban it easily because they know its potential to take economy to new height. But i am sure that no one could ever put complete ban on it.

I think it will be effects on price of bitcoin will going down, but usually it is just for short term and it will not become bitcoin is died, banning usage of bitcoins has happened in the past and bitcoin is still survive until now.

currency i think not a sing country has banned bitcoin and therefore there is not such a big effect we can feel, but i think if some more countries banned it then it will really effect the image of bitcoin, although people will even then find other ways of using it but it will effect their activities also.

Luckily for us not all governments are the same, and you get governments that are open minded and will go against the vision of it's neighboring countries. A lot of these countries will embrace Bitcoin and we would get a inter-connected island style network. You can then gather as much Bitcoin as you want, and then go for extended holidays in these Bitcoin friendly islands or if you feel strongly enough about this, you could relocate your business and your whole family.

When New York implemented the BitLicense regulations, a lot of businesses just relocated to more Bitcoin friendly states or even abroad. ^smile^

That's the spirit!   :)

I have thought a little about what would happen in my case were the USA to ban Bitcoin.  Yes, I could take BTC "with me" whenever I leave the USA for a more BTC-friendly location, but withing the USA BTC would be of little value to me (can't buy much with BTC if no one will take it).

I have not bought anything via TOR (etc.), don't know how.  There might be a lot of value for BTC in the Dark Web, but at some point does not BTC have to be exchanged sooner or later for currency?  If BTC were stuck in its own universe with no way to convert its value back into tangible goods (or currency) at the end of its travel, then its value seems lower...

Am I missing something?

In general banning use of bitcoin can't be reality as government can't stop people accessing bitcoin network because they need to ban access to all known bitcoin nodes which is not possible as anyone can start running own node to access bitcoin network.

But for sure government can limit the amount of bitcoin you can exchange/buy/sell in a day or in a month trying to stop money laundaring. As well as in most of the countries bitcoin ATM and exchange platform require full id verification and a lengthy KYC policy before anyone can buy/sell bitcoin for their local currency. So government may not think about banning bitcoin but surely may tighten rule and limitation on bitcoin exchange.

actually banned of bitcoin in some countries in the some countries giving the negative effects on tge bitcoin future .
but i am noticing that from some months the bitcoin i mean blockchain is going to join bank services with this direct and this will leads into the service tax for transaction .
it means bitcoin legalisation is starts fully .
so i think soon they will unban the bitcoin again .

Well, if it is banned in too many countries, specially important ones like USA, major EU countries and China it will cripple so much the bitcoin economy it will become completely irrelevant, price will crash big time and lots of businesses will close.

When small countries with small economies ban bitcoin they are the ones losing a great opportunity for business and those business will prosper somewhere else, like North Korea doesn't have any Online presence and zero online businesses.

Mainstream adoption would surely not happen if the coin gets banned in most of the countries, and what i think is there is no reason for those big countries like Russia, China or America to ban bitcoin, sure it is banned in some countries but those countries are not really big nor this is effecting bitcoin to any extent.

Effects of banning are making goods more desirable, with banning price can go up. Also depends how strictly ban will be, they can ban bitcoin, but will they punish users of bitcoin?
On some way this topic reminds me on drugs. In some countries like mine marihuana is banned, but also people who use it or have it can be sentenced to jail. In some countries marihuana is banned, dealers can be arrested but users are not banned.
I don`t think bitcoin will be banned in everywhere, maybe few countries will try to do that, but I doubt they will make an effect like they wish, bitcoin is growing and nobody can stop this.

Banning bitcoin exchanges may limit high volume bitcoin trading however this may not stop people trusting over bitcoin and they will continue to use bitcoin in future too.
Local merchants may not accept bitcoin payments however demand can still remain high from the people buying bitcoin constantly to do trading as well as for storing their wealth safely without being noticed by governments.

you are right that already some countries had banned the bitcoin in thier country to use .
but in my opinion this descion was only because the bitcoin is not giving any commission of tax to the government of the countries , so some countries declare it as illegal but i think there will be no more country will ban it because it is going to make a platform to male direct deal with bank fiat this will make btc more clear way to use in the view of the countries .

The countries that ban bitcoin like Russia might soon accept bitcoin.

Banning bitcoin in some countries doesn`t damage bitcoin at all.

People still use btc in those countries.

I don't think it will affect much for bitcoin user, the users still can stealthily used bitcoin to do transaction because bitcoin user status is hidden, of course there will be less user because if bitcoin being banned it will difficult to change it to fiat and since the store that accepting bitcoin still little, so the user will feel a bit confused how to spend the coin

But if china ban bitcoin, i think it will cause a huge impact on bitcoin price because they are holding a lot of bitcoin investment and bitcoin farm that supply a huge volume of btc in the market. I think the price of bitcoin will be going down because of the consumer and supplier lost. So banning bitcoins really affects on it's market price

I think one of the major effect of banning bitcoin is that it will go from 50% good reputation 50% bad reputation into 90% bad reputation 10% good reputation. Nowadays, people are saying bad things about bitcoin and how it is used in the darkNet. But when bitcoins become banned, then this bad reputation will even push harder.

The only ones that will remain as a bitcoin user are those that are knows how to remain anonymous on the Internet which is pretty much all of us. We are the only ones that will say that bitcoin isn't actually something 'bad' and if people find out that you're still using bitcoin, they will think of you as a criminal of sort.

that's right,in my opinion china is a vital of bitcoin,it's really important for bitcoin because there's where many mining power come from while in europe is just a tiny power compared to china,even some people had said that china having too much control over bitcoin by its mining power,if they'd banned bitcoin,it will really give huge impact

It has no impact at all. You just have to look at the localbitcoins volume exchange in the BTC/RBL (russian currency, the rubble) and you will see that the volume of exchange has only been going up. This is pretty much proof that no matter how much the government tries to scare people with jail time, the unstoppable rise of Bitcoin continues.

There's just no means to completely stop the usage of bitcoins just likw that. People see itbas a loberation fron the norm of making money and being in the hands of governments/banks.

There was a topic a day a ago what happens if btc gets banned so again a new topic hmm. See countries are accepting btc, time being it may be banned but not for long. Winters are coming and so is Bitcoin revolution, so it will be really stupid for a country to avoid it.

Although there are some countries ban bitcoin, I don't think those restrictions ever actually work as I see that people from those countries are still using bitcoin despite the laws. And if the government want to have control on bitcoin, I think it will be hard for them to make people follow that regulation because bitcoin users will just not care. So banning bitcoin won't affect bitcoin much, and maybe it'll draw more people's attention to bitcoin.

The effect of a Bitcoin ban in one country will vary greatly, depending at which country and time frame you will look at. The short term effects of a Bitcoin ban may be negative in the country affected - but only if the country is able to enforce the Bitcoin ban to a meaningful degree. If the banning country has no significant ability to prevent people from using Bitcoin, a ban might even be considered free advertising to use the currency.

Imagine a country like Venezuela. The economic restrictions are draconian, yet the government's ability to enforce them all remains very limited. In fact for the people in Venezuela it's a question of survival to find a way around the restrictions of the socialist dictatorship. Bitcoin might actually be a much more effective and safer method to engage in gray / black market activities essential for survival.

In addition a Bitcoin ban in one country will improve the economic attractiveness of countries with a more liberal approach to Bitcoin. As it's highly unlikely that all countries will ban Bitcoin, banning Bitcoin might also have damaging long term effects for the economic health of the restrictive nations, which will eventually lead to Bitcoin adoption at a later date.

ya.ya.yo!

Bitcoin has been here for so long as it's very progressive now. If other countries will ban it then we cannot do anything about that since we cannot fight for the people living the area where bitcoin is ban, they should fight for there rights as bitcoin for me is freedom and I love to use it in daily lives if possible.

Some are say bitcoin get ban from some countries and said if that is will give a lot of negative feedback for disturbing the spreading of bitcoin, and it's wrong, i should rather say if some countries are alread making any statement for banning bitcoin are starting for pull their statement and throw them into the trash. In this time with involving with a lot of the potential are showed by bitcoin are changing their mind into the open minded about the crypto currency. In fact this so easy the time just can answering about this and too many people are starting for be apanice caused by this before.

Banning bitcoin would somehow  affect on  bitcoins  full adoption  because  the  boundary  would  be lessen though but  I don't  think  it would  make such huge  impact  into it because as we all know  bitcoins adoption is  still  growing and  no matter how  government would banned  it  ,  it would definitely used  by  people  because they  truly  believe on the  potential and  the  usefulness  of bitcoin into their lives.

Bans means that people would be penalized if they use the currency and this wouldn't be good for anyone. Trades would definitely reduce and bitcoins would be used as an illegal currency which is a big concern. The crypto currency would become more popular by then and people would prefer to use a legal crypto currency instead of bitcoins that would become less popular (due to limited number of bitcoins available then and dropping prices). I don't see that coming for the next 5 years though.

all these countries especially those big ones for example Japan are trying to adopt bitcoin so hard and they are so interested in bitcoin. i have even heard Japanese saying we want to make bitcoin an official currency so the banning will never happen.

Banning has no sense, this can't stop people from using Bitcoin. This reaction of some governments is just product of their fear of new and unknown to them but you can't stop the progress, we all know that.
Bitcoin and other cryptocurrencies have become the part of financial world and inevitable facts in everyday life. Sooner or later even the countries who have banned  Bitcoin will have to accept it if they want to be the part of modern and civilized world.

Some of the users would stop using it at first, but as time goes by most of them would be back again to use Bitcoin. Because even tho Bitcoin got banned people wouldn't just leave it there, and the government shouldn't intervene with it.

Banning bitcoin achieves a slow strangle on the situation. You stop those people that where on the fence in the said Country from jumping on board. You also detract a few people active in the community because some of us have lives that can be easily tarnished or destroyed with the wrong light.
The tools used alone always look less than but when you use them together with other aspects you do achieve the goal they set forth.
Basically I see a lot of talk about bitcoin being above governing powers but people that state this usually have not been in a country that has stripped basic rights and made people do things they never would have imagined to their own loved ones.
Its easy to state these things when times are good or you trust the governing powers. Try to put your selves in the shoes of those that face far greater punishment and you may see that bitcoin is more fleeting than you are lead to believe.

When people are referring to "governmental powers" they are usually not referring to
an oppressive regime that is torturing and killing their own citizens. In that case, anyone
"caught" using Bitcoin/bitcoin would be effectively "eliminated" as the way to "regulate" its use.

But in normal countries, that is considered illegal and immoral, so your statement does not apply.
Currently, government attempts to "regulate by law" can not be incorporated into the Bitcoin network.

Your "bitcoin is fleeting" comment is pretty naive, since in your scenario Bitcoin/bitcoin use would be
the least of our worries. Western civilization, human rights, justice, and freedom would be over.

The first point is that it wont get banned now as it has been around for almost 8 years now... and in that period it had already faced quite a lot of ups and downs and now it has already started progressing towards mainstream... i don't think any good or big country would like to ban a technology like bitcoin that can be of help for them in coming time...

The funny thing here is: everybody talks about USA like a freedom source/power/whatever

Well, they can/will ban because anyone can use it and they can't control, like ISIS or whatever

On the other side, they can use the blockchain to create their own altcoin and have control

I don't know how many wales are using bitcoin in this countries, but if you are a wale, just move to another country, freedoom is everything

I don’t know. I mean there are quite a large number of people that still use Bitcoin although it is banned in their countries. Moreover, Bitcoin does not really pose any threat to a country in any way at the moment. However, if more people opt for Bitcoin rather than fiat, the government’s economy could be affected.
Personally, I want Bitcoin to develop and to be open to all. It should not be restricted to only a minority of the population. I think it would be great to see this community expand and grow.

Bitcoin can not be banned worldwide, there will always be countries where it can be spent without hassles.

Its all different lines of the heavy hand by government. Just because "normal" government uses a slow push,as opposed to the heavy hand does not change the statement. What seems like a plan for the better is often a strip down of more human rights in the long term and does nothing to close the gap on the issue they where doing it for.
Just because people do not talk about the violent nature of governing bodies in some countries does not dismiss the fact that government does not have the interests of the people at hand when they crack down on things like bitcoin. "Normal government is also not as normal as you would like to believe and we are a global forum that draws from all parts of the world.

I do not see my statement about bitcoin being off either,if we enter a turbulent time it is what it is. You can not cast the statement aside because it is more black and white than you prefer. Think you also make a lot of the same points you just take issue with how I say it.

There would be a huge amount of panic if a major country like Russia, China or USA bans bitcoin. It can go below half of what it is in seconds.

Banning bitcoin is practically impossible but illegal is illegal. If your government says it is illegal to do it, you have to accept it. You can still do it but if you get caught, they can punish you for doing it.

That's going to create a huge negative psychological effect on bitcoin and it won't be easy to recover from there.

Prohibit something is never a good solve. In history we see a lot of examples about it. For instance drugs are prohibit in most of countries but millions of people using different drugs for years. Banning bitcoin has a positive effect for bitcoin i think because people always wonder forbidden and hidden things.

Your original response was in the context of governments that "[make] people do things they never
would have imagined to their own loved ones." and "Try to put your selves in the shoes of those that
face far greater punishment.". Those statements refers to oppressive regimens since it implies bodily
harm that is illegal in most if not all Western Countries, with rights that protect individuals as well as their
families. Interestingly, in most western countries today, the death penalty is outlawed, even for people
where there is video of their murder of another. So in most western countries today, even that is
considered "wrong" and not acceptable.

In addition, there are many mechanisms that exist in order to "correct" a failure of government that may
become more tyrannical or begin outright violating the laws. For you statement to be true, those nations
would need to be in martial law situations or the outright disbanding of the documents which grant the rights
to those citizens.

Normal governments are governments that are run by their own citizens, as opposed to the military, religious,
dictators, or other "self appointed leaders or council members". These are the types of governments you were
originally referring to, since in those countries it is possible that illegal bitcoin use could lead to "greater
punishments", then just fining or jail time.

Are you arguing that if Western Counties ban or make bitcoin illegal, they will suspend all known laws and start
having parents beating their children's feet with wooden poles and pulling the teeth out of their brother-in-law's
head, or leaving people in isolation for decades in secret prisons, because they transferred a bitcoin to another
person? I don't think so. Your original statement referred to "non-normal" governments.

If they become "tyrannical" one day, we are all done. Bitcoin was not designed to exist in a world were no one is
free. Bitcoin/bitcoin is dependent and contingent on freedom and freedom fighters.

I don't believe that the banning of Bitcoin from country to country would have a major effect, unless there was a world-wide effort to stop the crpytocurrency from gaining notoriety. Every country has different laws and regulations when it comes to Bitcoin. At the current moment, Bitcoin is not banned by any major country, as far as I know. Doing some research, I could only find Indonesia and Malaysia as two countries that do not accept Bitcoin as legal tender, although many countries do not want to regulate it.

If bitcoin is banned in all of the major countries, a couple of things could happen. Most likely people will stop mining and bitcoin will become worthless. Another possibility is that there will be a black market that exists outside of the law. A third possibility is that there will be enough miners to keep the system running and at some point in the future, countries will begin to reverse the ban and it would thrive.

Lets not fixate on the example I give,since you seem to be having a real hard time with it and its taking you down a discussion I am not attempting to make.

The initial point was directed at the responses you see in this forum where people in Western Countries believe the world runs the same way everywhere.
I pointed out that we are not all fortunate to be born in such areas of the world and that government often does clamp down on people in a manner using violence.
The issue is government control and not that bitcoin users are going to be paraded through the streets,its possible but not as likely as a clamp down in the form of jail sentences or fines.

When we talk about bitcoin we should be thinking in a global term,reason I am saying people need to understand the every day plight of some people in these less privledged countries when they say government can not do this and that. In some of these countries that is exactly what has happened,so its narrow focus to look at this in a Western world only scope.

Besides the example I really do not know what we arguing about.

By the way, even though I gave my opinion of what would happen if bitcoin were banned (see above),I don't think America will ever ban bitcoin. There are too many businesses that have been created because of bitcoin to ban it. Plus, the US government auctioned off the silk road bitcoins. I don't think they can auction something to the public and then ban it.

They banned PokerStars and other things like that, why they can't ban bitcoin too?

If people are spending USD for bitcoin, for sure they will have a reason to ban.

Let's see who will be the next president.

And if bitcoin was banned in a lot of countries, bitcoin will be dead.

 If the next President will be King Arthur then they will ban Bitcoin  ;D

I just don't see how the government would auction bitcoins to the public and then ban it. I know the government does a lot of things that don't make sense, but that would be ironic and would cause a backlash of media attention.

I don't think that they'd be taking it that far, however they might definitely push for it to be more ubiquitous or whatever in their society while keeping it out of the "official" list.

Japan seems like a country who would accept it, but they don't seem like a country that would push it that far.

Governments conflict with and change laws all the time,its the reason people will often say the left arm does not know what the right arm is doing. Its easier to write a new law into the book and not look back to correct any oversights like people sitting in jail on pot charges.
May seem like a strong point till you stand back and take in a large segment of history than the current decade. Not being a ass just trying to show that the farther back you reach into history the more you see the repetitive nature of government conflicting with its self and the people.

I think there is no reason to ban bitcoin instead they will accept it into publicity because bitcoin is business and you know government if there is money involve they will accept it and they are corrupt so the fee would we be high.. but people who are using bitcoin don't want to be involve with government because they want freedom.. this is just my thoughts that they don't want to involve in government..

Yes, I don't believe those countries will ban Bitcoin, it can be profitable for many people. Only fools bans bitcoin from their countries. Maybe some little and useless dictatorial banana republics can do it, but nothing that will disturb the crypto-currencies economy and businesses. Countries that respect the individual choices of each citizen will continue allowing bitcoins and any other alt coin.

Then simply:
(1) Please provide a list of examples of the countries you were originally referring to?
       The countries that are less privileged and their governments are subjecting them to bodily harm.
(2) Do you think Bitcoin/bitcoin was designed to outmaneuver and survive in a tyrannical country?
       Or to go further, to outmaneuver and survive in a tyrannical world?

I think when the average bitcoin user says that governments can't ban or make illegal, they are not
using North Korea as their prime global representative in their belief, but most likely a more "normal"
country.

The problem I am having with this discussion is you are ignoring everything I state and coming back to the same problem you have with my response. I have explained it and you have broaden the parameters and altered what I have said to make more issue. I never used these words "Western Countries,Normal or Democratic" when I made my statement and now you are requesting me to make a list. A list only furthers the issue because you are not able to get around the example or choosing to ignore the rest of the point.

You can easily google inhumane Countries with a background for cracking the whip or history. But the problem is I see the potential for all Countries to go down that route with the growing NWO philosophy that we all need to play under one set of rules. So you have issue with my philosophy I can understand that but I do not understand the need to keep beating a dead horse.
I will mention Russia since it on topic and should be pretty obvious. Will say that the USA also tortures its people but they do it through other Countries on foreign land. But that just opens up a debate that is more politically charged and a tad off topic.

As for the second question:
Do you think Bitcoin/bitcoin was designed to outmaneuver and survive in a tyrannical country?
       Or to go further, to outmaneuver and survive in a tyrannical world?

Tyrannical Country I do see the potential,but a tyrannical world not so much.
I think bitcoin was designed to help break the serfdom of the people to the banks and in doing so free us from government control. That is the short of it but I believe the potential is far less now with so many here that are driven by greed.

Banning will not be happen for bitcoin. May be your account might get banned by moderators. However we do not need this chat at all because bitcoin will not get banned from here.

nobody has to ban bitcoin to stifle it. all they have to do is shut off the fiat gateways. that can be done with a few phone calls and threatening letters. what effect would that have? it would instantly make bitcoin useless to most people and turn off any future potential users.

it's a win win for them. they haven't banned anything so they don't look evil and curtailed the vast majority of bitcoin's utility for good. it's already been half done in china. soon they'll go all the way.

i have only heard about this many times but have never faced it myself its hard for me to k ow what exactly ots like and i hope i never do experiance that anyway if bitcoin is being band in my country i will still use it like i am doing now just it will rise the difficulties a bit but i will not leave it

I'm not making more of an issue, I am only working through your own statement.
If you go onto a forum such as this, and make a comment, it is assumed that you are willing to back
it up or debate the issue, otherwise you are just a sig campaigner participating in the very greed you
are denouncing exists in the bitcoin community with unsupported garbage. (You are debating though).

After some clarification, you are saying that in your belief, there may be no distinction between a
tyrannical country like North Korea, which is murdering its own citizens, or Russia where there are no basic
rights of speech or press, and the leaders assassinate their political rivals, with the USA or other European
Countries which use rendition when interrogating non-citizen enemy combatants. Since that is your belief,
your original statement makes more sense, though I disagree with it. You are essentially arguing that all
governments and countries that exist today are equally guilty of being tyrannical, irrelevant on where
they fall on the scale.

So, when you stated originally: "Try to put your selves in the shoes of those that face far greater punishment
and you may see that bitcoin is more fleeting than you are lead to believe." what context should I understand
that within? The United States Citizens or North Korean Citizens? Both?

Satoshi only attempted to create a independent currency that could function without governmental regulation
within the confides of a world that supports basic human rights, not tyranny. Satoshi didn't create bitcoin to
free the poor and let them be their own bank in a country where there is outright oppression and restrictions.
Bitcoin can never realistically function on any worthy level in States where the government is monitoring and
restricting telecommunication and internet, and physically punish their citizens for any illegal use. So, in a NWO
situation Bitcoin could never survive and in fact can never be designed to do so. In that world, the bitcoin
blockchain and other blockchains will be used to monitor and oppress the people.

My only point was that when the average bitcoin user comments that "it is too hard to ban" or "governments can
never make bitcoin illegal" or "they can't stop bitcoin", they are usually voicing their opinions in countries where
they have the right to make such comments and where bitcoin can be used without "far greater punishment", so
your basis that bitcoin "is more fleeting than you are lead to believe" is only contingent upon the NWO becoming
a reality. But until that time, their simple opinions are currently correct.

I also heard once that bitcoin is banned in Bangladesh... and just like you i wonder if how it would be to see bitcoin getting banned in your country... I don't know if the people living their if knew about bitcoin before getting banned are using it anymore or not...

Governments fear Bitcoin  since they may loose their revenue which they get from taxes.Bitcoin transactions are untraceable.Moreover, banks may force governments to ban Bitcoins as they also loose their income which they get through transactions.I dont think it would create a huge impact on Bitcoin.The world itself is moving towards digitalization.Rather, governments can regulate Bitcoin by certain laws instead of banning it.

sorry hate to be a nazi but bitcoin transactions are very traceable, hopefully in the near future we'll have fungibility though

I too believe any possible ban of bitcoin in my country will not affect myself too significantly. This is probably true as I'm not using bitcoin right now, I'm just into still saving phase. Within this phase, I believe that will not be facing any difficulties due to the any government regulations will not influence bitcoin savings, only it maybe a concern when I start spending it.

The point may come across extreme and its bigger for effect due to reading responses that made me think people where not coming to the table with a full grasp of what could happen. Its like the threads that ponder why a third world Country is not running to bitcoin already! Its like a bias that does not allow people that have never been persecuted in any form to be able to see the glaring issue,being that survival is the main focus. So I made the point bigger to run the view home,sometimes I am unsure as well if I am dealing with sig spammers after reading responses.

I have a view of bitcoin users and it may be biased but I think it holds true like twitter users. White males between 18-35 from middle class families. This may seem like a generalization or a attack but I often find the depth of life experience can be lacking in the responses. Meaning a life that has not fully come to fruit and is still finding its way,nothing wrong with that either. It just offers a less worldly view like the kid that thinks the world is his street.
So with that in mind I sometimes over arc the point to get people to think outside the box more when they talk about bitcoin.
So to answer the question about who I am referencing,it is the North American kid that is riding bitcoin for the thrill of fast cash.

The hope I have for bitcoin is finding a way to run outside the internet or creating our own grid. So they crack down on a section it is instantly fixed in the way the brain compensates for neurons not firing after some brain damage. Not sure if that is a good example or not. :D

Bolded the last part because I was frustrated by our conversation because I did think we felt the same way about this issue.
We agree up to the point that I put on my tinfoil hat and say the NWO is hard at work and active. The trade agreements between multiple countries are
well planned attacks that will fracture Countries. Companies like Google will dictate policy after they have bankrupted the governments from lawsuits.
So it is closer then I would wish and I am the paranoid sort.
You do not like my example and I can understand the view you have on it.

yes i agree. The government are threatened to bitcoin since they cannot get the enough revenue from it compared to a fiat. Due to this, a government my ban the use of bitcoins. Unfortunately, it will be a hard challenge for them to ban bitco8n since bitcoin is everywhere. Banning bitcoins means cutting off all the internet connections. So the government may end up puuting bitcoins in regulation than banning it.

Is true the rumor about China baning bitcoin?

Well, rumor or fact we can see the price going down, oh China...

I think it cannot be banned. It is a commodity there. If they regard it as a currency, that is the same as USD.

I think the effects of banning it would be catastrophic to this forum of course. A lot of people depend on bitcoin nowadays to support their studies, businesses and other things that they would do. Transaction with bitcoin is easier than of the normal way (usually by bank transactions) but since bitcoin is yet to be discovered by others, that becomes the limitation of it. IT could affect the way some businesses work, they would really have to make an effort for some payments but I know there are some alternatives to it but not really that safe compared to Bitcoin. Basically these are I think the effects for PEOPLE.

In the economy, I think it won't have that much of a great effect since it's not yet that established (to my knowledge).

But I feel that it won't be banned since it can help innovate the way of payment or living of every person EXCEPT if the Government really interfere.

No, Russia has changed the law related BTC. They are now accepting BTC.

This decision proves that banning BTC in a country is not only not possible, but also not a smart decision because the countries that adapt BTC earlier will profit more in the future. BTC is a possibility. If you ban it, it still remains a possibility, you just lock yourself out from the game.

No, they want to impose curbs. Set a maximum limit of money in Bitcoins that can leave the country in transactions.

Surely some state-owned power will be put on it, but they won't ban Bitcoin from the country. Government fears because many people are using this currency to cheat country fees, taxes.

Do you have the reference for the unban of bitcoin in Russia. If that is true, the bitcoin will be very popular there.

Well, they unbanned Bitcoin because they said "it poses no threat to Russia's financial system" (at least until now...)

https://news.hodlhodl.com/news/russian-deputy-finance-minister-bitcoin-poses-no-threat-to-russia-s-financial-system-520

But it's already very popular there. Many people in Russia likes to invest on Ponzi, HYIP schemes with virtual currencies, principally Bitcoins.
Not only because the Ponzi investors, but many people there likes to use it like people of any other country.

I think everthing will be good with bitcoin andd he will just grow and many pupils will become rich because of bitcoin.

You are out of the context, the thread is all about banning bitcoin and you are saying way too far from it.

I think the effect of it will startled the bitcoin people to keep on doing something to keep on the usage of bitcoin and no one will ever stop them from doing it because many are holders of bitcoin and they want to use for their own sake.

This will significantly increase risks for exchanges, so they will impose bigger fees, also Bitcoin price will stay low, because big legal business won't be able to use Bitcoin, so demand for it will be low. Then governments will create their own controllable cryptocurrencies and will tell people that they are better than Bitcoin so the majority of population will switch to them.

Will better if you try for reading some latest news about the countries are making any statement from banning bitcoin before.
For immediately they will be changing their over mind about bitcoin, and bitcoin already attracting the banning countries for allowing them in their environment, especially about the Russian are already change their mind about bitcoin, and how you need updating about the latest news.

We agree there are malicious and nefarious forces at work attempting to bring all types of systems
down, whether those systems are governments, computer networks, Bitcoin, or just an individual's rights.
And I agree with your belief that the average Bitcoin user is probably a white male between the ages of 18-35,
but unfortunately a large amount of them are more interested in the fast cash aspects then anything else. I think
many would easily decide to fully centralized the network, allow blacklisting of coins, destroy the immutability aspect,
and other things that IMO is anti-Bitcoin, as long as they can get a few hundred more on the exchange price. Majority
are looking in the very short term, and have no interest in the long unless it is seen as adding value toward the btc price.

I also hope that one day we can create a new type of system that Bitcoin could be applied to that could allow it to function
outside and not be dependent upon the internet, though currently I can't even imagining such a thing. If it is possible, I
would guess it will only come about way in the future (2035-2075 AD?) and would incorporate some type of subspace
communication like in Startrek. Then it would be unstoppable and be a true sci-fi futuristic currency.

Thanks for a more interesting conversation. We are mostly on the same page.

Yes you are right. Bitcoin will not really banned if so many people still using bitcoin. Whatever goverment do for stop people from using bitcoin is in vain. People have freedom from access internet, even goverment cooperated with isp to banned bitcoin.

True. Unless the whole world bans bitcoin, it will stay relevant. Or possibly the whole internet gets killed or it organically destroys bitcoin connected transactions, then we will still see bitcoin being used.

if the whole world bans bitcoin, i am not sure that bitcoin community will not react. there will be something to do with the banned of bitcoin, so people still can use bitcoin. but its different if internet gets killed, and this can make anything in chaos, because for now, the technology is like primary need for every people, not just for people in office but people in home too.

If bitcoin is banned in this big country like USA and China well I don't think what will really happens to the bitcoin community, it will cause with big impact specially to the price but if just in small countries in asia or even in any place in the world, they can use VPN to access some bitcoin sites, the big problem is that its hard to convert bitcoin to your local currency if the government of your country banned bitcoin.

I think it would not give such great effect. you can still access the bitcoin anywhere and use it with ease, because bitcoin does not need a legalization for life

It may  give  a  blockage to  full adoption of bitcoin if  its banned from other countries but  as you mentioned   we can access  bitcoin anytime and anywhere without  being detected  by the government . Even though  we would  hardly cash in or exchange our  bitcoin  to cash  because it is banned you could always exchange it from other  people  but be sure to find   a trusted one.

bitcoin is bitcoin it will recover for sure even it will blocked if we can remember the old days before its been recognize by many investors so for me no matter what will happen btc will keeps it anonymously service and there's still bitcoiner that will use it and will find other ways to communicate.

Lots of people will feel sad once bitcoin will be banned.
Effects will gives a lot of impact to bitcoin users. That is
no earnings to anyone, cant pay bills via online using
bitcoin. Lastly, bitcoin has many advantages that could
give to anyone.

Even banning bitcoin from certain countries does not stop the citizens of that country from using Bitcoin, As an example Russia banned Bitcoin but many HYIP sites are made in Russia and also showing that Russia is circling around 1-3 on visiting bitcoin related sites. Unless that country strictly implement the laws the Citizens won't stop using bitcoin.

That is actually right that if someone is earning bitcoins or is addicted of bitcoins he wont stop using bitcoins even if it gets banned by the government but they will use some VPN or something to use it, never heard about Russian people using it but it is also banned in Bangladesh and i guess if there are lovers in there they would probably still use it.

I am convinced that even if the posession of bitcoin is declared to be illegeal in a country, people will not follow that law.
Technically it's hard to prove that someone owns bitcoins, at least if the owner understands a little bit of what he is doing with his coins.
The only way I can think of how a government can enforce such a law is to block the exchanges.
But that will only be successful for a short time.
Soon businesses in other countries will grow up that will handle the problem, against a little fee of course.

there is no reason for banning bitcoin. and even if there is chance only those extreme countries with a technically challenged government is going to consider banning bitcoin because of being scared of it. but other countries will continue treating bitcoin as a currency like Japan that announced it too.
besides people are going to continue using bitcoin no matter what the government says about it.

I have opposite opinion, while you are speaking about Bitcoin banning, many governments are thinking seriousely in regulating Bitcoin, in addition I can name many countries that have regulated Bitcoin exchanges, Australia, Japan, and switzerland on the road, these countries are three of the most advanced countries in the world, I think Bitcoin or in general Fintech industry is moving forward.

It is sick to do that, if the police and governments have energy in banning bitcoin, they should have energy to ban scammers, find killers, drug dealers and so forth

Why would the government ban bitcoin when in reality it helps us to transact fast and cheap online. That benefit cannot be given to us with some legitimate business, and it is our freedom that we need to fight for so  we can still continue to use bitcoin for good.

Well in the way you look at it I have some points that looks at your direction. From my point of view banning bitcoin will not kill bitcoin nor stop it. But if we look at it not all countries will ban bitcoin as it gives income opportunities to their people online. Some will ban it but others will regulate but only those who are using it in illicit activities. In general, bitcoin will sprout and more countries will adopt it.

There's a reason why we need to be careful from country who banned bitcoin but we still use it. For an example Bangladesh, there are people who throw to jail because do a bitcoin transaction, they tracked and arrested.

Actually, I don't believe that bitcoin will be ban by every country also I also don't think so that each country can do it, as far as I concern I had a vision that later on most of the countries will adopt the system of bitcoin that's the reality what is happening now little by little.

It really doesn't affect me because I will continue using Bitcoin even if government bans it because who will know that i ask using bitcoin. I will have anonymous account in blockchain that's it, otherwise I have friends from other countries and i will tell them to manage my account and they will definitely do it for me.

If you depend of your friends to convert fiat into bitcoin or bitcoin on fiat, for sure that affect you! Plus if a lot of countries start to ban the bitcoin, we will see the price going to the ground, if just a China rumor make the price change 5%, imagine if it was real. So yes, it affect you.

It's clear that people are so scared about the NEWS more than the actual facts. There are a lot of idiots out there that buy bitcoin and panic at the most ridiculous news, let alone when some ban rumor is around the corner. It's sad to see, but until we have a bigger marketcap, idiots panic selling can modify the price this way.

Hate saying this but I am coming around to the belief that intelligence does not always play into this and its more a human dynamic.
The stock markets follow the same flight pattern because we have a ingrained way of perceiving potential doom. Really why a lot of us are better off letting a financial adviser handle affairs.

I don't see this problem coming up in the future. Governments may tax bitcoin to demotivate it's user and adoption and if by nay chance bitcoin is banned, then banning bitcoin would have severe effect on the crypto community and in the innovation of money. The future of money is programmable money, that which is hard to fake and which can be sent to anyone anywhere in the world within seconds. So banning bitcoin would be like killing innovation.

Actually the countries that allow bitcoin already tax it, you have to declare it and pay X% to government however can you imagine how hard is to discovery if anyone have bitcoins since is something anonymous? And that's why some countries are baning the bitcoin.

                                                                                                                       
What if skynet goes live? The whole internet will go down. No more machines for the human race. We gotta get terminator dude! But seriously, the internet keeps bitcoin alive and if the internet itself bans bitcoins we're screwed.
                                                                                                                       

Yes it is because here in my country, bitcoin is allowed to be used by the users. And upon the registration of an exchange site for a government permit. It seems that they need to pay a lot of taxes for a local exchange. Because here in my country there is the most used exchange and covers a lot of users, they tend to pass the taxes fee to us.

I think it will affect, economy and less of in low of cash flow...it will also affect investors and business men, trading and all that generate source of income.....

A ban on Bitcoin is difficult to enforce

Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If there we to block all the websites that people can download Bitcoin wallets from, new ones will come up and some people will compile their own wallets from source code - Bitcoin is like Bittorrent is that respect. If they shut down the internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions.
But of course it's also likely that a ban on Bitcoin in a country can have a negative effect on adoption in that country.

Bitcoin users are on a bubble, if countries start to ban bitcoin, the coin will be "dead", only used for online services and things like that, so probably the price will go down.

I suppose Banning Bitcoin is too stupid for smart governments. Why should they ban the future? They better support it and become (or remain) leaders in the world economics. If Bitcoin get's banned then it will be used more for illegal stuff like buying drugs or weapons and there might be some protests in democratical countries about it.

Government supporting bitcoins is like seeing feminists (people that are supporting women in terms of rights, etc.) supporting men. The fiat money is precious to the government. Bitcoin is just something they claim as an unregulated currency. That means they don't show any support to it. Bitcoin will open doors to people. If they support it and people start finding out what bitcoin is, the majority of people will find out a way how to avoid paying taxes and that's chaos to the government.

Banning bitcoin will surely has negative effect, like the price will go down. As long as the US or China will not ban the bitcoin, the bitcoin will still survive, because we all know that they have the highest bitcoin users.

It depends on the progagander used to ban the bitcoin, if it let more people know about bitcoin, it is good.

Banning bitcoin is not a proper terminology - they cant block blockchain based technology because it is not controlled by anyone in the universe. As long as even one person on the country one the internet uses bitcoin it is still not banned in that country in a technical sense.

On the other hand banning the entire internet (welcome to the world of censorship) can ban bitcoin in the true sense.

Yeah. I think bitcoin cannot be banned by the government since it does not cause harm to any entity. All that bitcoin has been doing  is giving benefits to people who are using it. In addition, it is decentralized. So even if it is being banned, the government will not have the control over it and to the people who are using it. As for me, the government will have no track on the ongoing transactions in bitcoin and its users.

Look at this scenario, in a country, a lot of citizens trade the local currency for bitcoins, this will kill the fiat doing this and the government can't to nothing...

And with bitcoin is a lot more easily to keep your transactions anonymous, so the government have a point here...

In some country, bitcoins are banned, the legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently.

those countries are so few which shows that banning bitcoin is not really what countries are concerned with and besides banning bitcoin is not going to change anything since bitcoin can still be used since it is not centralized.

Bitcoin is extremely hard to ban. The decentralised nature of Bitcoin allows users to connect to a variety of nodes to transmit and receive information. Due to the large number of nodes, the government will have an extremely hard time to ban the nodes. Even if the government were to try and use DPI, users can switch to stronger encryption methods and connect via VPN. Attempting to ban it will just push it further underground, making it hard to regulate.

Agree, these banning   implementations would  really force the  people  or  bitcoin users   to  do  underground transactions which  would really   make hard for them  to trace even more.  It would be really useless on this   kind of  idea ,  its better to adopt  bitcoin than  to  ban it   but well, governments on each  country  do really differ regarding  on the insight of such thing  like bitcoin.

Banning of bitcoin in famous countries? Well it's the silliest way because if famouse countries will block bitcoin, than that countries reputation will go from high to low because many people is using bitcoin and it has many users. So I think that all civilization country must accept it and if they prefer to don't accept it, it will cause their bad reputation and I think it's not good for normal countries.

Technically, sure, banning bitcoin would't have much of an affect, as it would basically be just them saying "your not allowed to". But at that point bitcoin users would become "black market" participants, and there could be a penalty if caught using owning/transacting coins. Yes that would involve open privacy violation but I wouldn't put that past them one bit, I can see bitcoin being the thing to push them past those limits. Most people avoid the black market, too much risk.

Actually bitcoin was created for this, to work ilegally and don't depend of laws because none can control it, the problem about baning is that you can't trade for fiat if you need, so you will have to find a way to spend your coins, a big mess btw...

If bitcoin got banned one thing for sure to be happen is the fall of bitcoin price. People will leave bitcoin because if they still use it they will considered as a criminal since bitcoin is banned and not allowed to use it in their country. Though there'll be some people who still use it anyway.
Also if in major countries bitcoin is banned it might affect to bitcoin popularity in around the world, because those countries have big roles in this world.

The North American Indians used to use clam shells as currency,so to think bitcoin is not going to feel any strife is crazy.
Time and change are constant and value changes with each generation,so lets not use such strong language about bitcoin never this or that because we have no clue what the future brings.
Take any kids trend and you think it has a strong hold on the system (Furbies,Pokemon,etc.) and yet they all go away. Not saying bitcoin is a kids toy but the mindset of a child needing a popular toy is the same extent the bitcoin will never fail crowd are coming at the issue.

Governments around the world are looking at putting up walls or tearing them down when it comes to trade/relations and bitcoin could easily get snared in the process.

I think you have the point but i think it can not affect a lot in the price of bitcoin.. according to other members here that there is some country that bitcoin is ban.. but there is no effect for price of bitcoin., because if bitcoin in their place is ban they are still using it anonymously..

This isn't possible to ban bitcoin using because there is no law prohibits bitcoin using its one of a kind of internet business nowadays and government already imposted taxes particularly website hosting and internet using is the main reason why bitcoin existed a lot. If ever they will ban it its a great diappointment to all who have invested and earned through bitcoin its effect is domino not only one but many of those investors particularly with altcoins trading which is really profit gaining.

A ban would definitely have an effect on the value, however the difference would be that it would move more underground and it would gains its own value there. Depending on what the ban entails, it could result in a majority of Bitcoin-accepting companies stopping service, turning Bitcoin into what everyone says it is; some dark-net and criminal currency.

Well if you observe the market this past week, bitcoin was on an uptrend movement then suddenly a rumor about China planning to impose Capital Control on bitcoin make bitcoin uptrend price to dip.  This scenario show the actual effect of Bitcoin being banned by a country. 

And I agree once bitcoin is banned, users especially those who invested too much money on this won't just accept it instead they will find a way to use bitcoin which will be the probable cause of using bitcoin exclusively again in some dark-net or illegal activities.

Yup, since bitcoin has already established its name. And there are many trials it has been overcome and people nowadays love using bitcoin. Especially, it generates opportunities such as campaigns and other services in which we can earn some bitcoin. Now, there is no reason form them to ban bitcoin as we are using it in a right way. If so, I think we are going to do bad things and will not abide their rules if they perit us to use bitcoin.

banning bitcoin influential enough if one country prohibit to use bitcoin maybe result in a decrease in the price, especially if it's a big country
if currency is considered good for future prospects banned, it will generate other currency instability

Bitcoin will become stagnant if all major countries were to ban it because it would then only be a black market currency. The best scenario is for bitcoin to be legal but will only minor regulation so it can be used by the mainstream but still be out of the control of banks and the government.

The technology today was really hi tech. To the point that digital currency has been made for alternative payment. I think banning bitcoins is not a solution. But instead of, the government should adopt bitcoins because it helps a lot of people to earn money in bitcoins even at low price. If they pursue to banned bitcoins, i think many of bitcoin users will go to more illegal transactions.

Yah, If bitcoin will be banned. all the transaction in bitcoin is illegal even transfering low quantity of bitcoins. Banning of bitcoin is not a good idea. Its better for the government to adopt it and add some fee that the government will get

I don't think so, usually if all major countries were to ban bitcoin, bitcoin's price usually going down although it is just for short term and it will become rebounce again. Because banning of bitcoins has been happened but bitcoin still be survive for right now.

although banned in some countries I think bitcoin will still be used. because users bitcoin is anonymouse. so it is difficult to restrict the use of bitcoin. we are all free to use bitcoin, because bitcoin does not have a centralized system. we are all free to do various transactions that we want.

I can't totally agree with you dude, when government really banned bitcoin and prohibited everyone use bitcoin. You potentially cab not use it at all. Because the government have an authority to ban where the bitcoin transactions is doing, they ban that site for access in the whole of country. So may be you can not use bitcoin. The government may be also use another actions more than that.

True, it does not necessary mean that we are just transacting in a certain country, bitcoin is global and we can transact with different people online therefore it's a great coins. There's nothing to worry if it's ban because it's online and there's a lot of ways to use online like gambling.

You could still able to access  sites  which  you do  have  bitcoins  transactions by  using  VPN and Tor  websites. Even they  banned  bitcoin site  on a particular country  but still  it cant  stop totally  bitcoin  users   to access it. No matter  how  hard  the government  would implement such rules  i think  it would be  useless because   for sure   underground  transactions   would be  really made.

I guess you need to consider the reality while since Russian was making legitimate for banning bitcoin, but actually, it was getting fail. Many of their civilians are still accessing bitcoin and no care about the government legal.
VPN, TOR, SOCKS 5.... the government hasn't done anything with this.

Yes, any government cannot completely stop its citizens from using bitcoin they can just put ban on it on the grounds of law. However it might create damage for the goodwill of bitcoin and it might affect the popularity and indirectly price of bitcoin. Technically there won’t be much problem but there are many indirect effect of government approach towards bitcoin or any other crypto currency.

Definitely. Bitcoin is designed to be functional, even without a government that says "you can do this but you can't do that". Essentially bitcoin itself is developed into a decentralized economy, which activity would thrive even though the government may want to ban bitcoin.

And there is really no way for a government to ban bitcoin completely, as it is difficult to shut down due to the decentralized and peer to peer protocol that this payment system bitcoin is built on.

yes its true and even bitcoin is banned for many country, i think there is still many people want to use bitcoin in many ways because bitcoin is not about in one country and not depend with anything, its about freedom to use our bitcoin and i think the most people will agree with these.

Hmm i think that is not bad idea to solve the problem about banning the bitcoin transactions access in country server. I ever know what is vpn and how it work from browsing on internet. That someone can fake the own IP into another country server.
May be in the transactions of bitcoin there is no affects if the government banning bitcoin when we see on server aspect.

If bitcoin is really banned then i am sure that people will start using other virtual currencies like ETH.

until now I have not felt sure there is a country that does banning the bitcoin. and if they are then it will not be a big impact, because of the nature bitcoin as a payment instrument that is used throughout the world today.

What we are facing now is  a situation of laws silent of Bitcoin. For those who are of the opinion that bans will not have any effect on Bitcoin are definitely not being sincere because quite a number of people wont want to find themselves on the other side of the law{ thats explain while some gambling sites and exchange sites will intentionally exclude some Nationals of some countries from using their services} according to history even though I was not exposed to Bitcoin world as at then that the price of Bitcoin crashed as a result of its ban in China which its still trying to recover now imagine the impact if about 10 countries ban it all together.

May be Satoshi is in dark waiting for price to reach 1 million so that he could sell his bitcoin and become the next billionaire but if it happens then we might see him on this world because then he should have to work hard to find money.

Maybe yes then the price of other currencies will increase in that particular country. Maybe they are marketing methods to cause an increase in that local market by the author of the other coin - example of sabotage.

Otherwise banning the blockchain technology is technically not impossible - the only way to do that is to block internet access in that country.

The authority can do that but they will always be behind as Bitcoin is a virtual money, its transactions are always online, thousands of addresses to track can be a headache for them, not to mention all of the new sites related to Bitcoin it will be impossible for them to try to caught a big fish with it. I don't know why will you do such thing for a innovative currency, I guessed banning bitcoin worldwide will be impossible.

We have seen the government of China and Russia attempting to declare bitcoin illegal and we know they did not get anywhere with it, instead bitcoin took center stage in both countries. It is now already to late for any government to want to ban bitcoin, because bitcoin has become mainstream and people are the wiser that change in the way we know and see money is inevitable.

Besides, at no time would all the government across the globe be able to reach an accord to ban bitcoin and one strong point, is that bitcoin is not tied to any one country or government. They are sure to come up with some funny laws to frustrate the freedom that bitcoin represents, but it is for us, the community to remind them that power actually belongs to the people.

One day crypto will take over the people. However it is tough for the older generation to accept its safety and that such thing really exists. Most of the bitcoin users are young-middle aged people. Less tech-savvy people have never even heard about it (there might be exceptions as well).

Still its good to see that banning bitcoin is these countries did not have good effect. I am sure crypto will gradually emerge as the new mode of primary transaction in these countries.

i think bitcoin is not banned in any country and not going to be banned in future, hope that in future states are going to consider bitcoin as legal currency and then more and more people will enter in the world of bitcoin,

In some news, bitcoins are banned in some country, i dont really understand why the gobernment of some country are against of digital currency, is it because bitcoins have no tax? Well they can make a resolution on that if that is thier only reason. If they think banning bitcoins can prevent people from using it, i think they are wrong. They are just teaching people to use bitcoins illegally.

lol !! If the price reaches 1 mil then i would buy a mansion for me like play boy has  ;D
And i will throw party every day..
But sadly there's no chance for bitcoin to reach that price in in these 100 years so lets be happy with 750 $ Price

As the mass media will publish this piece of news everywhere around the world, because people are easily manipulated by them, the effects aren't going to be good for sure. The mainstream media will give Bitcoin a bad look if this happens, so people will stay away from us. There are billions of people who do not know about this method of staying anonymous, to stay free from the governments and just be on your own.

Banning bitcoin will make it more popular, especially during/after a financial crisis. How can they stop it? They cant!

I think it will be hard for every government to ban  bitcoin unless they totally ban the internet. Bitcoin is digital currency and as long as the internet exist, the bitcoin will also exist and the people will continue to use it as long as there is internet available in their area. But assuming that they had successfully ban the bitcoin, there will be effect on its price, investments and digital wallets and internet merchants that use bitcoins will also affected.

They can ban exchanges only so people can't trade their bitcoins for fiat and a lot of people do this because we don't have much options to buy things and pay bills for example with bitcoin.

And well, if was banned, you will find zero regulated services accepting bitcoin.

There are a number of reasons why the authorities are having sleepless nights over bitcoin and some other cryptocurrencies and the tax issue is one of them. The main reason, however is that bitcoin came and opened our eyes that government and their agents, have been enslaving us financially. The worse is that bitcoin also provides the way to shut government out of our transactions.

That power to monitor and control people's finances means so much to the government and losing it, is not something they are prepared to come to terms with, so attempts by government and its agents to snuff out live from bitcoin is something to expect, however there getting away with it is a matter for another day.

Although there is nothing that can stop a government or central bank from banning bitcoin but banning bitcoin is very difficult to enforce. Why? because bitcoin has no centre to attack, there is no single organization or person that controls Bitcoin, and theres no way for the users to stop their transactions by pay outing or sending each others bitcoins. But of course, it is also likely that a ban on bitcoin in a country can have a negative effect on adoption on the country.

bitcoin has been making lots of sounds in the past years from the start and it has been getting more and more popular and those countries that wanted to ban it have already done it and those which wanted to embrace it has also done it by legally announcing that bitcoin is a legit currency like what Japan did so i wouldn't worry too much about bitcoin getting banned at this point.

It is eight years old one now a days many people are using technology of bitcoin by many countries on daily basis for smoother transactions, in some countries they have already provided bitcoin atm machines and in some countries the government are legalizing the bitcoin as one of digital currency as one of the commodity like gold because in near future evry thing in the form of digital currency only. So banning of bitcoin is not an easy one to do that.

But i hope many countries will definitely make this bitcoin as one of legal commodity very soon.

I think it may be bitcoin could be banned especially bitcoin have decentralized nature of course governmenrt will be difficult to control bitcoin, but I think it does not need to be afraid of it, bitcoin will still be alive despite many countries prohibit bitcoin

There is actually nothing the government to stop bitcoin since it was not illegal it it was suppoerted by many countries. It helps a country like China to improve and develop their country's economy. So banning bitcoin in a country doesen't stop or affect that much its users.

Bitcoin is a legal property. It is recognised as a commodity in some countries. It is also a currency in other countries.

I really think if bitcoin gets banned from some countries it will still be used , in fact if governments make bitcoin illegal the price will go higher , so bitcoin is used by lots of people from us china and Europe so even if they are banned in some areas of these countries the bitcoin activity is still getting higer

If bitcoins are banned people will suicide a lot who have invested a lot of money on it .on the other hand some people might even do which may be considered as black money ,or the people may fled away to other bitcoin friendly countries.

If your country ban bitcoin i think that you can still earn bitcoin and life good.How your couuntry can controll your secret bitcoin wallets?If you use bitcoin and send to skrill or paypal or other your country cant see your transaction and you are winner.

First, I have never heard about some countries already banned bitcoin, which countries that you know forbid their citizens to deal with bitcoin?
Sec, I'm curious too why government have desire to destroy bitcoin? Bitcoin bring positive impact to people and financial economics due to many people could earn money and a lot ofbusiness started accepted/adopted bitcoin payment and bitcoin doesn't harm the government.
I thought bitcoin will be fine, nothing to worry about.

Your ISP provider can look on your Internet browsing history and find out if you are using Bitcoin in such an easy way. You are being monitored by your ISP and your data can be sent to anyone at any time. This is why I hate the governments seeking for control...... Why can't we just have freedom?

Honestly I feel this is pretty impossible to ban bitcoins because bitcoins cannot be traced so suppose any country bans bitcoins how would they know that someone is using bitcoins because its quite impossible to trace any transaction.

Moreover banning would mean actually that government does not support bitcoins, which right now also most countries do not.

Banning bitcoin is free more advertising. Everybody is going to want to know what the government is afraid of.  Usually the ones that ban it are in the countries that need it most.

This in fact would only contribute to spread the word about Bitcoin to the people who live in those countries, increasing the number of people interested in using the currency. Interest would be even greater when people perceive the advantages of using a decentralized currency. And in the end, Bitcoin being banned in those countries would not prevent the use of the currency, since the intervention of middleman is not necessary for it.

For now it is impossible bitcoin to be ban but we have a problem that bitcoin still have a limitation since we do not know what will happen with bitcoin after the last ATH. like other said if segwit will be activated it could be gone of the bitcoin in the future..
Banning has a large effect in the economy.. but i think even it is ban in your country you can be still use it anonymously.. but you can not transact publicity..

Have you ever used a vpn to connect to another vpn and then to another, what ip would you have at the end of the day? I dont think anonymity online is an issue if one is out to achieve it, so banning bitcoin - something free and borderless is simply asking people to put on their thinking caps. Bitcoin represents freedom and no price is big enough.

This is correct, however when you log into a VPS, your ISP is monitoring your activity, not that of the VPS.  Because of this, would you not be able to use bitcoin if your VPS is in a country where bitcoin is available?  I know for work, I have logged into VPS from another VPS for the purpose of repairing a computers settings remotely.

The more they restrict it , the more the people will be curious and will think of using it. This is somehow the government not to focus to . There are lots of issues in every country that they need to focus more so banning often in countries are not appropriate to do so.

Its not a big deal if a small country with a small amount of bitcoin users will ban bitcoin.But its different if countries like china will banbitcoin.That will be a big problem,bitcoin may go down in that way

China is big country of bitcoin's user as i known. So if china ban or prohibit their civilians to use bitcoin it will make a big affects for existence of bitcoin.
But i think it will not happen because china have handle power about existence bitcoin, moreover the  government in china should have great reason to ban bitcoin as well.

The effect of Banning of Bitcoin in a country is that they will get tax from all legal transaction on the other hand the effect of it to bitcoin users is we are force to use government entity to use as transaction and when we do that we pay for taxes,vat etc etc. One example of that is here in the Philippines government are banning Casino that are based here in the country and does not pay taxes. So if they will be able to Ban all that illegal Casino here, then all gamblers are obligated to gamble only in casinos that pays taxes to the government. With that Bitcoin will slowly die if users are being prohibited to use Bitcoin

Yeah actually banning would make sure that people who don't know about bitcoins would know about it with that news and its better for our community, and remember its humand tendency that whenever we are stopped from doing something we do it the most. So lets see ho they stop me from using bitcoins  >:(

Yeah it is really easy for people to see what you are looking at. If you do it on a work computer, the admin can come on and see your browsing history. But most of the times you get warnings from your isp if you are doing something illegal online.

The effects of banning bitcoin will be simple. If a certain country bans bitcoin it doesnt mean that you cannot have access to bitcoins but the only thing that will change is your ability to cashout your bitcoins or to convert it into cash. In addition the sites or exchangers that deals with bitcoin will no longer available in your country. But if you really are a wise person you can use vpn to hide your ip address so you can access the forbidden site, then you can trade your bitcoins to dollars then you can transfer your dollars to your dollar account then to your visa card. Instant withdrawal.

But of course when it is banned it means it is illegal, so just dont be caught.

Even if it's banned in your country,  It will still be available to use in other countries and just use vpn or Tor network cause it will be impossible to completely banned it, you have to ban the internet itself first


There might be a chance that the countries that banned it will unbanned it some time when there will be a massive usage and popularity of bitcoins and they will realized its benefits for their people however the regulation of bitcoin is most likely to happen in somr countries

In my opinion making bitcoin illegal would mean a consfication from a government and selling out the bitcoins, lowering the price down. But in all due respect, this banning could only be attainable in countries that novadays put in work a corporate law of intelectual property - like Germany. Germany already legalised a bitcoin to some degree. I cant imagine any country outside of US and Canada that would be able to ban bitcoin if they cant go after the internet piracy.

We can see that is exactly what is playing out in China and Russia, they toyed with banning of bitcoin, but it turned out the people rather embraced bitcoin the more. Awareness of bitcoin and the technology behind it, is an eye opener on many salient issues and no one comes into the truth and goes back to lies and pretense. One thing is certain, bitcoin is a true global currency and at no time will all the governments of the world come to an accord to ban bitcoin, some will always differ.

There is no legal basis for the ban of bitcoin. It is just a virtual goods. It is the same as other computer codes.

Even if its a code but we should accept that bitcoin is already building a name and also its a digital currency even its being built by a code but it does give some effects not on minimal but as a whole and even governments already realizing its existence and some are seeing already that its a threat on some matter. Banning it couldnt able to stop bitcoins adoption though.

Moreover it is not centralized that the country's government will inform the owner that you cannot have our country users, like if Paypal wants to limit Indians from using it then they can since its controlled by the owners but remember bitcoins have no owners, its a currency owned and managed and powered by people.

Yes, banning bitcoin can make the country, the economy and the users in it get more affected. Why? Because to ban bitcoin, governments would have to ban all forms of communication. But theres a big possibility that government wont do that, because in my opinion it is the right to the people (users) to fight against banning it because the legality of bitcoins activities will depend to the users using it and what they do about it.

perhaps many people would complain about it. Well, most people in the world have invested their money in the form of bitcoin, even many people who have a high rank, invest the money they have in bitcoin. Well, maybe there will be some crisis, and I am sure it will be bad.

Sorry, but that's nonsense. There's already legal basis to suppress various forms of computer codes today. Think of malware for example. "Hacking" is considered a crime in the majority of jurisdictions. Moreover governments tend to be very creative when it comes to prohibitions. If there is no legal basis, then it will be quickly designed...

Besides that, even modern fiat money can be considered a virtual good, because the biggest amount of it only exists in electronic form. Various states have already recognized Bitcoin as a form of money.

ya.ya.yo!

Yes they could have to but they didn't that says a lot tho.


Bitcoin would of course still remains bitcoin? The status of being illegal is not justifiable tho. Different country,different people and different rules.




Stick to the main platform. Why am i using bitcoin? then that answers that one tho. There is no point of using bitcoin if you don't have anything to gain or contribute  on it.

If there was some kind of panic selling, it would be something temporary. This would not prevent people from using Bitcoin, which would continue to be a decentralized form of payment.
Perhaps this would even help to promote Bitcoin, so the ban would not be a wise decision from governments.

It is not about complaining or not. I think if a country ban Bitcoin, Bitcoin price may increase even better. Or maybe I could start a revolution from people who want to destroy the Government. Anyway, in my opinion, banning bitcoin only brings bad impacts to the country's ecosystem and society

Russia did ban bitcoin and then they quickly decided to allow bitcoin and just try to regulate it. I think the Governments have realized the perks of having a crypto currency like bitcoin as this will encourage innovation and developments in the receptive fields. Soon we will be witnessing  Government backed crypto currency. And bitcoin will not be banned.

If this thing happens in all over the world, I think all of the bitcoin users would gone wild protesting that bitcoin should never be banned because it doesn't cause any harm in people, and everything in this world. Maybe the reason why they would ban bitcoin because they can't control it I guess, since most of the people or officials in the government are corrupts and the only thing that they want is money for them to be rich.

The only way to ban bitcoin effectively is by governments having a global agreement on banning it, which has never happened and will never happen because it's simply impossible that governments all over the world agree on any matter. It's absurd so it's a non issue. Bitcoin cannot be banned by the derived conclusion of the aforementioned premises.

Yeah indeed as far as i know no one can control bitcoin because bitcoin work decentralized and anonymously . But i think if binot really banned by a countries i an sure some big and bad affects will happen for the price of bitcoin and the user of bitcoin themselves in financial

Price will be affected to a great extend as common people will stay away from bitcoin if Government bans it. But the chances of such bans happening are remote.

Many Governments have supported crypto currencies and tried to set up laws to regulate it. Crypto currencies will be widely used in future and banning them is like saying NO to future!

Yes I agree banning it would also give a recognition among the people who don't know but actually think of the people who wants to buy bitcoins for fiat, how would they get it ? I mean the sellers would decrease, like you see in localbitcoins right now a lot of users sell bitcoins for fiat that would decrease if they are banned in specific countries.

For now no one country is going to ban bitcoin, I think bitcoin is going to be banned by all countries only in one case - when the price for bitcoin will rise extremely high. In that case many people will try to cash out their bitcoins and in some blaces it may be just not enough money for such transaction or at once many people will be rich.

You have also a point here. Banning bitcoin will create curiosity among people and the more it is in news, the more people will become eager to try to own one. But I think, banning bitcoin will have only significant effect as people have already  experienced how  convenient bitcoin in their transactions.People will always find way to transact with bitcoin underground.

Bitcoin's ban would be a wrong decision by governments. That would not hinder the use of the currency. As already mentioned, Bitcoin was designed to prevent people's money from being controlled by centralized institutions. I think if governments decide to take some action against it, they will probably create some kind of centralized blockchain, for their own cryptocurrency, which would not make much sense either.

That is right. Bitcoin is just a kind of property. It is legal and it is similar to copper and shell fish shells, which were used as a currency before.

Being a digital currency that is based on the internet. The only way the governments can ban bitcoins is by regulating the internet and maybe cutailing the conversion of the fiat currencies to bitcoin exchanges. otherwise it ios very hard.

The hardest thing is for the world to have one voice on anything, so a consensus to collectively ban bitcoin is most unlikely. And the community does not need to protest, we simply have to promote bitcoin more and more, it will find its way and level like water. Bitcoin is not good news for any retrogressive government, but there isn't much they can do about it. If nothing, its market capitalization and daily volume of trades, already speaks for its acceptability among people across the globe.

Yes, no one country ban bitcoin but no one country accepted bitcoin. In my country using bitcoin is illegal because bitcoin can use for money laundry.

If Bitcoin is banned than people who get started to use Crypto currencies will afraid to use other alternative  crypto currency so the Bitcoin ban will also effect other crypto currency or we can say  all crypto currency markets will die.

if bitcoin banned, it will be very many people are panicking because of it, especially on the internet money seekers who rely on bitcoin or other cryptocurrency. banned bitcoin will have an impact on all the coins. maybe people will not want to believe in coins.

If Bitcoin is banned around the world it would simply be over for all of us. The government can easily control the content of the web. The government even has control on what goes in the dark web. Cryptocurrency in general will have no value at all after that happens it won't be use by anyone or accept by any establishment. Even creating a new kind of cryptocurrency won't solve the problem.

Bitcoin can't be banned as it becomes a sizable industry now. People spent millions and millions dollar on it. It can be restricted though, if so it will become a dark gold used in underground traffic.

To be honest, i feel like other crypto currencies or crypto currency markets are running just because of bitcoin, because people trade other alt coins in order to get more bitcoins but not because they love those coins, so basically if bitcoins dies, they will eventually die with it.

They can't ban the blockchains on the centralized exchanges and businesses, why ban them when they can tax them.

Why couldn't it be banned? If some government decides to ban Bitcoin, there's not much anyone could do against that.
It might not be likely, but it's certainly possible.

Not all crypto-currencies. Some people are really in love with some crypto-currencies more than bitcoin (believers and investors), like people who are in love with ETH, DOGE or ZCASH. But, for me, bitcoin is all the way up. I don't really believe that any other altcoin will replace bitcoin, there are none at the moment that come even near it. If bitcoin got banned in my country, I would be really sad, as I fell in love with it.

It would be very difficult to ban all the exchanges and websites that facilitate trade.

I've never heard of this! Are there really countries out there that ban Bitcoins? Those must be really tiny countries since I haven't heard about this. The larger economies have allowed the use of Bitcoin, why the hell would they ban it?!

I have an entirely different approach. The government may, although difficult, try to stop the transactions with bitcoin and impose penalties to its citizens. The basic advantage of bitcoin is the freedom given to transact each other through the blockchain technology. On the other side a disadvantage of it is that it isn't anonymous but in the world of crypto currencies there coins that provide anonymity because of their protocol. So if I can not do otherwise I would exchange bitcoins with monero or similar currencies.

Bitcoin is high risk currency. I think everybody know that. bitcoin can be banned by government easily. I think it may happen in the case of big price of bitcoin or even huge price. Or if it gonna be known that bitcoin is used to sponsor some terroristic operations. That;s why many people feel fear to bitcoin. but many of them are afraid only cause of they don't understand how bitcoin really works.

Bitcoin won't get banned.

possible for early adopters or people who have not joined the bitcoin will feel anxious and scared when bitcoin banned. but for bitcoin users who have long time they do not think too much about it

If bitcoin gets banned I think in my opinion people will still use it because it is hard to monitor exactly who is using it and who is not, because you can create an infinite amount of bitcoin addresses and it is really hard to trace.

However governments can always regulate exchange activities, aka fiat to bitcoin or bitcoin to fiat. They already are.

It's online and decentralized so if the government would really want to stop us using it then they should make it illegal but still we are already satisfied with what bitcoin can give, new currency will arise and transfer our trust to the new one.

Bitcoin users have already anticipated this so we wouldn't be affected that much since we already know what to do when this happens. Let's talk about the non-bitcoin users. They will be interested about the reason why bitcoins is banned. They will be curious about it and do research about it. They'll find out that bitcoins are made to evade the extra fees and charges from the government, they might even end up using bitcoins since they already know the advantage of using it.

Actually no one can stop you from using bitcoins :) but the question is suppose its banned in a particular county then what would be the effect ?

I think that if bitcoins are banned most of the people would panic and sell them ( for that specific country ) but that been said if such news comes like for example in newspaper then everyone will at least get curious and would want to know more about it, hence spreading bitcoins to more and more people.

Effects of banning bitcoin won't make much impact upon the world economy. Because right now the people using bitcoin around the world is very low compared to dollar. Only the current users experience difficulty and look for alternate solutions to continue using bitcoin.

Of course it can, You already have noticed some countries who consider banning of bitcoin(but that doesnt mean that bitcoin is gone). Restricting bitcoin is a lighter word for banning.

I wonder how an all out ban would work though. I mean, you can't just stop them from using their XBTs. It's their money and it's almost like theft if you try to take it away from them.

Since bitcoin is not controlled by a certain group of people then the government cannot enforce the law of stopping us to support and use bitcoin. We have all the freedom to use it as in online there's freedom and we can always be anonymous.

If countries like USA, Russia or China ban Bitcoin then it would be disastrous coz most of the miners are from those countries. And be definite about this, If the country's government has brains, then they won't be banning Bitcoins coz the future is digital money. For Ex: India is moving towards a Cashless society or as the their leaders saying Lesscash society.  :)

One of the greatest advantages of Bitcoin is the fact that it is censorship-proof, so transactions can not be blocked by central authorities or banks, which is why Bitcoin brings great advantages regarding the use of more conventional payment systems. In addition, it is a form of payment that does not require the user to be a technology expert to use it.

I don't think they will ban bitcoin even if they want to ban it they can't because a lot of people use bitcoin already and the bitcoin is scattered around the world so they can not prevent everyone from using it , that is why in some countries they are either embracing the fact that bitcoin is good and easy to use and popular , and other are encouraging people to use thing similar to bitcoin.

Banning bitcoin into some country will just force the people to mine and support crypto currencies hidden, vps would be used to let them hiden, soo the big result would be an increase into bitcoin since its forbidden. To kill or ban bitcoin some country must buy all the bitcoins and stop it or try to manipulate, but get into bitcoin isnt cheap, and we can always swicht into another altcoin anytime.

I'm relatively sure that a ban of btc will not come in any country. Simply because every government understands that this is technically not possible.
What I can imagine are high taxes on buying or selling bitcoins.
That is something that lies within the powers a government has, and what can actually be reached.
If you put those taxes high enough, you can navigate the use of bitcoin in a country. I think that would be better than banning bitcoins, for all sides.

yes i am also hoping so that not a single country is going to bane bitcoin, but perhaps it happen i think still people will use bitcoin illegally, as people who know about the facilities of bitcoin cannot stop using it.

Rules and regulations greatly impact bitcoin and will continue to impact bitcoin, unfortunately. Firstly, when bitcoin started out many countries were not aware of cryptocurrency, 4-5 years ago, no one in government unless they are financially savvy probably even heard of bitcoin. Now, bitcoin and cryptocurrency is very popular because it is a way to earn extra money or even a living from bitcoin. This makes bitcoin susceptible to specific laws of certain countries targeting cryptocurrency and bitcoin. This means that people have to pay tax on bitcoin earnings where bitcoin is regulated  ( in a country like Canada), but it also makes it easier to exchange fiat into btc.

The effects of banning bitcoin in the country is the people will lose their business and other poor people who uses it will be down when they ban it i think the country who bans it is the corrupt country because bitcoin is don't have a tax coming into the government and other people will not interested in the bank accounts if the bitcoin will become popular.

not every country will ban bitcoin so it will countinue to grow as it does today , people want privacy , low comissions , mobility and etc . Banks aren't providing this , bitcoin does , so more and more people will use bitcoin in the future

I'm wondering what would happen if Bitcoin would get banned and suddenly Bitcoin 2.0 gets released, lol.

Banning Bitcoin means a lot of people being forced to quit BTC, so a price hike to at least half of the value it has right now. Some people are running their business on Bitcoin, even Microsoft and Steam accepts it, so that would affect the price too. The effects would be negative, of course.

of course, the government can do that, with all the regulations could they change they could organize and make bitcoin is banned in that country. if bitcoin does not benefit them. of course they would ban the use bitcoin, true what you say banning bitcoin, it will not make bitcoin dead

if a lot of people quit bitcoin then the demand for bitcoin will fall and proce down not hike (up). cause The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.

I live in Russia and I think that other government can ban crypto currencies in general. Look, in the case when the price for bitcoin will move higher than 1000$ many of bitcoin holders will try to cash out their money to not skip the chance and that is big money for Russia. And our government will not allow it to happen, cause of such big money will go directly to the users pocket without paying tax to the government.

Who? even there is no a lot of the business was running bitcoin in their business or accepting it. and I can say totally bullshit.

The government was following the regulation and what's happen if they will be finding a stuff and it wasn't regulating them? Totally banning and ignoring it in their environment. AFAIK tax will always have needed by them. 

If Bitcoin banned means nothing will happen for ordinary people, only the online gambler will suffer, but they also choose another way to do online gambling. There are already other cryptocurrencies are there in the market. So people will use that currency. And those who are accepting bitcoin as their payment method they also choose another way of transaction. Only first few days people will suffer.

If bitcoin is banned the demand will fall and its price will become higher in value and more people will become panic in selling their bitcoin. Emotional stress could happen to everyone who uses bitcoin specially those who invested a lot of it like in altcoin tradings which supposedly gaining good profit and yet there's banning if bitcoin happening will affect all of us who are dependents of it.

I thought you would only mention about it's effect about gambling. But that's true, most of the transaction that uses bitcoin will be paralyzed only for a while, until everyone decides to shift to other currency, for the sake of continuing the business.

But since it is mentioned that it will be only be banned, then I think it won't really affect much of the transactions, except if the one stricken was the place where establishment that runs with bitcoin or the owners have been identified as bitcoin user by the state.

If bitcoins is banned totally there will be chaos all over the globe as many people have saved their money as bitcoins .otherwise the litecoins price will increase a lot and people will change to it .

Don't worry, I think the government might give them a chance to convert their coins to peso or there will be rumors or something that bitcoin will be banned worldwide causing the people to panic sell . If their banning bitcoins then it is highly possible that all cryptocurrencies are included too cause most of them are based on bitcoin or depend on it

Consider the entire population and the total number of bitcoin users in the world. Its a very small fraction. Chaos may occur but the people will have no choice but to listen to the oppression of their respective governments.

Litecoin has nothing to do with it. Fact is all cryptocurrency prices will fall if bitcoin is banned globally - this is because people will become panicky and hypertensive about their other holdings and sell them all rather than lose them all.

But its nothing to worry about since the government has no control over any crypto - only thing they can do is to track you, penalize you. or in case of some countries ban the internet completely from the country - that can can cause bitcoin banning in that country.

Such chaos won't happen in the world, if bitcoin gets banned. The reason is that, bitcoin is used by very few percentage of users around the world compared to other digital currencies and fiat used worldwide. So this won't make big impact upon world movement but affects the economy much.

I don't think that the countries named by you will ban bitcoin. All the story of bitcoin and its regulation at these countries tell the opposite. Anyhow if the ban will happen the first consequence is the development of the black market. Then, for sure, will happen (in time) the regulation of it.

Wouldn't that just make people switch to litecoin or some other alt-coin? I mean if they ban the crypto all together, I don't think that that will stop the usage of it as if it was used ilegaly before. You can't stop the bitcoin. :d

but i think it will badly effect it, as most of the people will stop using bitcoin because of the fear to be charge by their government, people will also reduce their investment because of the risk to be catch by the government. but i am hopeful that government will give decision in favour of bitcoin and not against it.

Fortunately the bitcoin does not depend on national authorities to be developed or adopted by interested people. Bitcoin represents an unique opportunity to set aside the national barriers arbitrarily imposed by the old international treaties, and therefore we should not worry so much about this understandable banning.

It won't happen. People's money in bitcoin would not turn to nothing as bitcoin would be banned. Also, if bitcoin was banned, it can still used since it was not controlled by government or any national authorities.

The effect of banning bitcoin will be big man. All bitcoin user will panic and other cryptocurrencies will try to survive. But the problem is why ban bitcoin ? I think banning bitcoin only give a negative effect into all bitcoin users.

It does not because it existed without the government and it has grown even without the support of the government. Some countries made it illegal, but look where we are now, we are still progressive as it was, we are strong and we will never gonna kneel down before them.

So if I was the official of your country and give the two possibilities for using bitcoin in our environment.
1st stop it or 2nd go to jail right now and what will you choose it?
Yeah it will be stopping the bitcoiners for using it but it was enough for making the bitcoiners was feeling panic anytime.

Yes, the only choice to continue using bitcoins would be to move to another country.
I wouldn't confront the official laws and government alone, probably I would be arrested or killed for nothing. If someday it happens, I will just try to move myself to another country, a neighboor country to continue using crypto-currencies.

when the banning of bitcoins is implemented then there will be only problem that bitcoin conversion into fiat ,but thats not a very big dal u can exchange them in a deeper market .where u can earn a lot through it .

Even government banning bitcon, the users still can use it becouse it so anonimously. So many way to use bitcoin, change it into fiat first or use it directly, government cannot do anything. The users only need to find the way.

Well in that case you'd have to have the government similar to the North Korea one, in order to prevent people from using it like that and actually make people not use it.

In my country the bitcoin is also prohibited, but this does not reduce the wearer, thus when many news banning bitcoin thus made many people interested to know bitcoin, many of them eventually buying bitcoin.

Yeah but if something like that were to be banned there would be a ridiculous outcry of users who would feel like their investment would be completely gone if they were investing it for the long term. Like there are people who have significant money in Bitcoin and if that was the end of Bitcoin right there, it would be a disaster to not only the government who would deal with the fallout from the users and the users themselves. Although BItcoin's market cap is still rather tiny, it in the future should effect the global markets as it grows in size.

maybe they will be given a time to convert it to fiat if ever there will be a bitcoin ban in their country and I think there will be no chaos at all and there are so many people who are very stubborn that might never listen and override the regulation and they may still keep on saving their money on bitcoin . it is like the more they are stopping people on what they want and used to do the more chances they will override the law .

So money laundry started off with bitcoin or it has always been there well before bitcoin came on board? Now you know, the reason even those engaged in money laundry prefer bitcoin is because, bitcoin among other attributes, offers more secured, very cheap, instantaneous means for international monetary transactions and also the opportunity to make the transactions anonymous. People always prefer the best or do you know of any other money that comes close?

now many people are saving their investment in bitcoin. if banning the case, then chaos will engulf the entire world.
it will affect the systematic and also a bad effect on the system of government in the country doing the regulation.

In what countries is bitcoin banned?  i'm not sure i am aware of any that have actually made laws stopping it's use.  and what would be the purpose anyway, bitcoin cannot be censored by any 1 country.

not prohibit, a country simply does not recommend the use bitcoin. the head of state does not want chaos in their country's financial system.

we don't want to see the chaos is happen in many country, isn't it? i think bitcoin is not banned from many country, but maybe the government is not giving their regulations about using bitcoin so bitcoin will be grey area which is many people using bitcoin for their purpose and many people still don't know about bitcoin. but i am sure that in the future, the government will open their mind about bitcoin and will learn more about bitcoin.

nope i think this time user of bitcoin is still quite a bit you can prove it because of the price of bitcoin market is still very volatile and manipulated as it is still the user is still small, even when the bitcoin die even if it would not create chaos, because the volume of bitcoin is still quite low, even below than paypal

Oh yes. I can imagine that mass panic. Many people are investing in bitcoin their money now, when the price is growing as crazy. And all are waiting to bitcoin at least doubled their money to withdraw. Just imagine that all your investments get banned.

They will miss the opportunity because bitcoin is ban in their area, while for us we can easily take it and all we need to do now is just to be a risk taker and believe in the future of bitcoin. We do not know the future and there's a possibility that our government might also ban bitcoin, so take this opportunity now while we are free to invest with bitcoin.

yes that can be fact, and that may be the reason that government will be thinking about bitcoin to turn it legalize as they cannot banned it because of the increasing interest of the people, and they must be thinking about how to control the money laundry through bitcoin.

I think it will rather have a positive effect on Bitcoin (i.e. It will activate the Streisand effect  ). I believe any attempt to ban Bitcoin by a government or a central bank can have the unintended consequence of making it even more popular especially among a demographic that had previously never heard of Bitcoin.

The only reason that makes it seem possible for the ban of bitcoins is, its use for terrorism and money-laundering. All we need is to stop the false people getting into this, else governments have a very strong reason to stop this as there are no records TBH which can prove whether the funds were transacted for a proper reason or for some wrong purposes.

as the bitcoin users are increasing from time to time. therefore if bitcoin is banned by the government, they it will impost a bad effect on the income and life style of most fo the people.

the volume of bitcoin is increasing continously and that is the reason that we can that the price of bitcoin is increasing, people are entering in the world of bitcoin and they are investing their assets that is the demand of bitcoin is increasing while the supply is decreasing.

Who is government and who is to do the banning? How can something free, borderless and decentralized be banned? Have countries like China and Russia not experimented with banning bitcoin, didn't they succeed instead in making bitcoin more popular and sought after in both countries?

If banning bitcoin were to be all said and done, most governments would have long put paid to that, but bitcoin is something they cannot help. I think governments are rather looking for means to flog bitcoin into line, because, banning just won't work.

I don't want bitcoin to be banned here in our country, I don't want to lose this great opportunity. I would continue using and supporting it whatever happens until it is alive. If a country bans bitcoin there is a possibility that others will do the same.

Only a few of second world countries that banned bitcoin because it consider related to anti-money laundering.
Russia, US and China? They didn't ban bitcoin, based on this link https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country
Bitcoin ban could affected the price through adoption but we can't guess how much, according to how much country will banning bitcoin. I think, no need to worry about it for now, many countries didn't state it illegal and we're free to have it.

I think the government is just manipulating the news about this. I do not know terrorists use bitcoin or not to transact, but I know bitcoin transactions anonymous and will be very difficult for the government to track them let alone prove it ? that only the government's tactics to ban bitcoin

Maybe it's because of the closed mindedness of governments to change. It could be a matter of time before everyone will accept it and other places where they didn't take this first will accept it because of the trend. It will soon be accepted because of it's possibilities.

that's for sure its a gamble between adoption and restriction as many government still wanted to take control of their currency that's why its hard for them to adopt but sooner or later bitcoin will be accepted in those places as they can't stop the progress and popularity most of their peoples will also use it no matter what.

They will have to hate bitcoin to support their own, as when times come that people see the government are supporting bitcoin, it will only attract more people to adopt and while bitcoin is getting popular, their currency are also starting to lost its popularity.

i also have no idea that either any country of the world has banned bitcoin and they issued any official statement about this. i think bitcoin is still free in all the countries of the world and is not yet banned by any country.

It is true that governments have no control over the bitcoin and it is true that they cannot totally ban it from the world since it became a very popular thing, but them admitting that and officially banning it that will have a huge impact on its price and the number of users that are using it.

yes that is a face and there is no doubt about this that bitcoin is anonymous and governments have not control over it, as they cannot investigate about the users of bitcoin in their country, therefore they have no control over bitcoin users.

They can always investigate but I doubt if they can make ways to totally ban bitcoins, we are always stronger than the government because we support bitcoin and we love freedom and a decentralize transaction.

actually if want to live peacefully in  country we have to follow the rules and regulation of that country. so if a country will consider bitcoin as illegal then it will become difficult for us to continue using bitcoin so easily as it will be an act against the law of the country.

My prediction is bitcoin will onlt be banned by a few countries because other I'm sure other countries are also

seeing its potential and its role in the future technology.  And if they really want to ban i, It will have a side affect

called streisand effect where when hiding/removing something tend to attract more attention that will only lead to

bitcoins growth furthermore people are freely to use vpn

Though that can be right that if a government bans or tries to ban something and if the audience already knows about it then it attracts them more to be used but i'm not sure if people would do that or not if there will be any punishment for using it no matter if they use it with vpn but what if someone is caught?