Bitcoin Forum

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

http://en.wikipedia.org/wiki/Streisand_effect

That's Impossible ;D some Countries just don't give a shit .
Let's take my country for example , they don't care if you Crack programs or download from torrent and make Illegal copies and make a whole store that  them . also no one here hear about "Online shopping" "Paypal" "MasterCard" etc...

That  was just an example , yes some countries may stop Bitcoin like USA,Russia etc ... but most of them wont

Bitcoin would just be used outside of government and mainstream if every single country blocks it, it still has value its just the speculation value gets damaged.

Many drugs are illegal, slavery, child prostitution, kiddie porn and hired hitmen.

Yet, you can find all of it pretty easily.

So the more any government tries to make anything illegal, the more people will use it underground.

As long as the net functions and as long as 2 people see value in bitcoin it will exist to some degree.

Will it be worth 400 or more USD?

How knows, but it is still in its infancy as far as a currency goes.

Personally I think it goes up ten fold in the next month to 24 months, it could pop based on all the stuff I'm hearing about bitcoin myself, it has quite the buzz.

Which country would that be?

Also, it's Satoshi, not SatoCHi :D

Algeria (North Africa) (Biggest country on the Africa) & a lot of Oil ! ;D but ... yep not that smart.

are you serious there is no online shop in your country???

in my country Indonesia, the government has a neutral decision about bitcoin but the government is not responsible for risk to transact in bitcoin, in other words is the government said "do it with your own risk" but for me it is enough to let bitcoin grow fastly in my country

No there isnt , sure you  can buy from amazon,ebay but only small stuff because big stuff like ps4 or xbobx etc...sometime get siezed and u should pay big taxes

Lol..I agree with you..there r sooo many countries who just dont give a shit right now.!! may b in the next 50 to 100 years..but absolutely nothing as of now..!

How many things are actually forbidden in all of the countries in the world? As a general rule, it doesn't happen. Even if something is forbidden in most or all countries, some countries are less strict on those prohibitions. For example, most of the world respects copyrights as defined by the Berne Convention and their own laws implementing that, most of the world also has similar concepts of patents and trademarks (with exceptions, like America's insane idea of software patents that some parts of the world don't recognize). However, it isn't hard to set up a business in certain countries, China for example, making counterfeit goods that obviously violate copyrights, trademarks and patents and you aren't likely to ever be prosecuted for it. Another example would be drug laws, in most of the developed world there is a prohibition on marijuana, but there are still places you can go to buy it and use it legally even with pressure from the United States (the most powerful country in the world militarily, and at one time economically as well) to strictly prohibit it everywhere. There are even places in the United States now where you can buy it and use it "legally" according to state law in spite of what federal law says.

I can't think of too many things that are universally prohibited worldwide and strictly enforced in most or all jurisdictions.. murder might be a good example, but beyond that, every country has its own laws and its own priorities.

There's also the well known and indisputable fact that there is a certain percentage of people who will do what they want and don't particularly care about what the law says. The history of gun control laws, drug prohibition and alcohol prohibition in the U.S. and other jurisdictions prove that. I can't legally own an AK-47 in California (a real one, not a semi-auto with fixed magazine), but I know where I could get one if I wanted it bad enough. I can't legally grow, own or use marijuana without a doctor's recommendation in California, but there are literally millions of people doing those exact things. At one time you couldn't legally own, use or manufacture alcohol for drinking purposes anywhere in the United States, I think we all know how that turned out.

Even if, by some miracle of almost unprecedented international cooperation/conspiracy, Bitcoin were somehow banned worldwide, there would still be a thriving black-market as long as there is demand for it. There will also always be people who use it for otherwise "legitimate" online purchases as long as there's someone who will accept it.

You need to pretty much strip away a lot of basic rights and liberties in all the countries in order to be able to pass this type of legislation. This might happen in a few countries, but I just can't see this happening everywhere without public backlash.

do not think pessimistic friends, it will not happen. in some countries which refuse bitcoin, others just starting to build a new business for bitcoin. even for countries that oppose bitcoin, many of its residents are bitcoin users

You can't forbid an alphanumeric string from existing.

What...LOL

because of the god-given alphanumeric string's right to exist.

Philippines?

Algeria mate , It's Algeria  :'( Biggest country on Africa and situated on North Africa .

The great thing about bitcoin is that even if they did 'forbid' it people would still use it. In fact, it would probably gain more value on the black market.

what happen with philippines?

it is meaning that bitcoin will survive for a long time from now may be forever

may be you can take off the opportunity to open an online shop there in your country Algeria

I was thinking on doing that , but I guess I'am too young for the moment , I only have 17 years old ;D And didn't got my ID yet lol :o and It's a lot of work to deal with the companies etc .

so I may just wait little bit more .

Banning it completely isn't really the biggest worry but throttling it with many regulations and taxes etc is.

i think the most of government who are worry about bitcoin is because bitcoin as a currency which can be disturbing the national currency in all over the world and the solution of bitcoin to adopted legaly is to suppose it as a property and the government in all country can take tax of it

i hope you can do the best thing for your success...make n online shop maybe for next 3 or five years and there is a loga "Bitcoin Accepted Here" hehe....... ;D ;D ;D

It's not usually the governments that issue the currencies but independently owned banks (see the federal reserve). Governments may even like it as it's just another source of revenue for them, though the banks certainly wont and they're usually the people in charge of the governments sadly.

I think the OP is suggesting that all/most countries were to form some kind of treaty in which they all agreed to "ban" the conversion of bitcoin to or from fiat currency. There have been several major treaties that the majority of the world has signed, however most deal with war and human rights, not economic trade (trade treaties tend to be much smaller in terms of number of countries participating).

To give my opinion on the OP's scenario - I would say that people would use bitcoin as a way to barter with people, they would trade it for various goods and services but would generally not trade it with fiat. It's effective value would probably be significantly less then it is today.

Many country's corrupted government officials really need bitcoin to hide their stash, they will ban it officially and support large exchanges at mean time;D 

Chinese central bank forbid banks to facilitate bitcoin trading, while chinese bitcoin trading platform still commands the highest volume of all exchanges. How come those millions of yen move in and out of exchanges without the smallest resistance from the banks? Obviously the banks must obey the order of their master: The communist party officials

It would still most likely be used illegally.

No, it's impossible because they gotta shut up Internet too and this is unrealistic.
Don't worry  :D

well this is already done here in Bangladesh.

BTC Say yes to Bitcoin BTC

i think it is the real reason that the bitcoin is never gonna shut down

The real threat comes from the banks around the world shutting down bitcoin business account, like HSBC did recently. In that case the merchant adoption might accelerate but the exchanges will be phased out, only p2p exchange will remain at a small scale

You know, copyright infringement is forbidden in just about every country in the world, and yet there stands the Pirate Bay, proud and thriving.

Yea seriously about the Pirate bay .. why Sweden just don't change their Law and catch them :o it's not like it's that hard :o

That can't happen. There's not a single example of all countries in this world having the same opinion on any matter.
In Northeast Africa, there's nothing wrong with marrying a 12-year old girl, but people will throw stones at you if you're a muslim marrying a christian.

not really true. China and Russia have very different copyright laws.