Bitcoin Forum

I am just very worry with all the bad news flying around

I just want some expert to explain to me, what will happen if 100% of all government around the world ban bitcoin??

that would mean you will have no place to spend your bitcoin legitimately even if you have one

there will be no legitimate exchange where you can buy sell your bitcoin


any thought?

That wont happen, as some govt, somewhere will go against the grain and want to embrace the tech advantages and innovation + tax revenue from all the companies wanting to either accept btc or create btc systems. None of them will want to lose out to another country.

you'll see the usual suspects crack down on it who have always been harsh and restrictive with their citizens, china, russia.


 ;D

Which government?

right now the China , Russia, India  is not friendly with bitcoin and trying to limit it as much as possible

Then the democracy (civilization/collectivism/idiotism) will be discredited and dead even faster than at the actual pace. Civilization would collapse even sooner than it will anyway, without this specific action. The rebirth of anarchy and humanity would come sooner.

The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

All governments around the world banning bitcoin? This would be conspiracy, right? Fortunatelly bitcoin is peer to peer network and you cant eliminate it completly so easy, you would need censor the internet as well

I hope they will never ban it !  >:(

We will just use Tor to get around the tcp port bans the really stupid countries put in place.
My concern is cashing out in larger numbers. I do not have that problem, which is unfortunate, so localbitcoins is good enough for me and should be if everyone in the world involved is forced to use those types of sites.

The other people will stop their involvement as its illegal.

Firstly, these three countries don't have the same approach to BTC, don't put them in the same basket.
Secondly, there are over 190 countries in the World, obviously not all of them will welcome bitcoin with open arms.

There was never any government in an anarchist environment. Anarchy is where you are not governed: In some last territories in the rainforest and in the arctic tundra; and 10'000 years ago everywhere, before the birth of the tragedy: the invention of organized violence (state and church).

You mean ban it like drugs are banned? It's not going to stop people from using it. And you'll still be able to trade coins on places like here.

So who in fact governs the governments. Who decides which government will have a trade deficit, and which will have a trade surplus. Who determines which currencies are to be used for taxes in each government jurisdiction?

Guys, the government SERVEs the people, when they don't! revolt against them.

We are not the slaves of the government, they are there (or should be) to do stuff that benefits the community, that is their job, and their only job.

Don't be afraid of the government, we are in the mayority.

I don't think it'll be banned as there is now too much money involved. They will probably regulate exchanges more and more, and require all of us to say how many coins we have on our tax returns.

if industry of music haven't ban P2P file sharing ... (and it have money for this)
what do you expect from an administration that it have no money at all for lobbying (and ban bitcoin) ?

USA too as "US makes Bitcoin exchange arrests after Silk Road closure":
http://www.bbc.co.uk/news/technology-25919482

That's completely different. They were doing illegal things using Bitcoin.

price will be sky high then.....no it wont  :P

if the leading countrys ban it we will see BTC at 5 USD. its a high risk investement.

We the people, the brainwashed sick collectivists (citizens), the 'living' cartoons of the former human.

Governments only have power because we give it to them and even pay them to do it. Stop paying their wages and they'll soon lose control.

troll post please delete  :D

These are all temporary setbacks. Bitcoin did not crash yesterday. The US is not going to ban bitcoin. They will just prosecute people who use it illegally. The USA and most western countries will embrace bitcoin and in 5 years time you will see bitcoin approach $10000 a coin or more.

The bad apples have to shake out first...

Well, silk road was banned technically, but it still happened and people used Bitcoin to buy there.  In fact that was probably a big reason price went up at first.

All US enslaved governments are stacking up for another market crash as we speak. Once it goes live, bitcoin will see another round of adoption.
Bitcoin was created out of necessity so I doubt it will go away. Its the only healthy currency these days.

Not likely it will happen.

If it did though, it simply means bitcoin is a black market thing. It will still be around just like online piracy or drugs are still around.  Would be great news for criminals actually :)

Oh I forgot. It's been a long time since I thought along those lines.

Even if it was somehow banned by most governments worldwide it would still thrive underground just like it did originally.

By ban do you mean make it illegal?  If so then I would ask how that has worked out for drugs, or alcohol during prohibition.  They can try but they wont be able to ban it

Government will ban Bitcoin simply by perfecting the quantum computer, and then attacking by virus every instance of the blockchain. Perhaps they have already done it, and that's the real reason Bitcoin is not at $10,000 per Btc.

:)

'

Exactly, that's what I'm saying. It would be a black market thing.  Torrents and online piracy is illegal in a lot of countries but still thrives. Drug are illegal in most countries but still easy to obtain and find and there's still huge money behind it.  If bitcoin was illegal plenty of people would still use it, but it would be illegal.

If governments can't destroy the blockchain by hacking it, and if they attempt to ban Bitcoin, they will destroy themselves.

They know this, and so they will try to use Bitcoin and incorporate it into their operations. Watch out for regulation rather than banning. The regulation will happen in areas that they can watch - NSA spying - like what products are transferred where without some regular fiat currency payment.

:)