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Bitcoin => Bitcoin Discussion => Topic started by: raybucks on January 03, 2023, 04:25:10 PM



Title: Bitcoin can be banned or stopped by governments
Post by: raybucks on January 03, 2023, 04:25:10 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore


Title: Re: Bitcoin can be banned or stopped by governments
Post by: LoyceV on January 03, 2023, 04:32:28 PM
If governments could ban Bitcoin, they would have done it by now.

Indian government (maybe other also)  say that " to ban cryptocurrency we need global help"
Good luck with that.

The real question is: why are governments so afraid of Bitcoin (AKA money they don't control and can't print)? Think about it, and you'll find the reason why I like Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: _act_ on January 03, 2023, 04:35:40 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help"
Good luck with that.
India tax crypto. That means crypto is legal in India. But Indian Central Bank is the problem, they hate crypto. If the news is true, it would be the central bank that says something like that, not Indian government. They are failing in their own country about crypto, how will they win in the world.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: franky1 on January 03, 2023, 04:36:41 PM
lets imagine all countries tried it.. here is the result
bitcoin will go brown (not completely dark)

less miners asic farms and more independant hobby miners in basements
(secret mining where authorities cant shut them all down in one swoop)

less legit exchanges for people to openly buy and sell coin.
(more blackmarket decentralised trading for coin)

but to absolutely abolish bitcoin. well.. look how well the international "war on drugs" or the 1920s "alcohol prohibition" went

people got drunk then and get high now.. and authorities cant be in all places at all times to stop it

the more decentralised the network is by having usernodes with full node(archiving) set to distribute the ledger, the more miners scattered in multiple locations, the more services scattered and set to run remotely where there is no physical "office" the less chance authorities have to make bitcoin go brown


Title: Re: Bitcoin can be banned or stopped by governments
Post by: coupable on January 03, 2023, 04:39:07 PM
Given the size of users around the world, Bitcoin has become a fait accompli that cannot be ignored.
Technically, no central authority can ban bitcoins because the blockchain protocol prevents the entity from being in control of the nodes or blocks. Practically speaking, this can be done by governments if humanity decides to abandon Internet technology or if electric power disappears from the face of the earth.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: NeuroticFish on January 03, 2023, 04:39:37 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

* They can make businesses no longer accept Bitcoin and will say they've banned it.
** Of course, people can still transact and use it. Is it a ban? Not really, but what's reality when people believe everything that's on TV?

* They can ban mining and say it's done.
** Of course, while most businesses will leave to mine elsewhere, some may use VPN and such and still mine it.

* Stopping all the bitcoin related traffic on the internet... I don't think it can happen without completely shutting off internet

* Getting all countries agree to act together ... I will not live long enough to see that happen. Neither you.


Is this good enough as explanation?


Title: Re: Bitcoin can be banned or stopped by governments
Post by: imamusma on January 03, 2023, 05:10:32 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
I think all countries can ban bitcoin, but so far most countries haven't banned bitcoin completely. My country also ban bitcoin, they prohibit its adoption as a means of payment/currency but we are legalized to trade it. Full ban are becoming rare for bitcoin, that's because governments are still thinking about profit from it. Yes of course about taxes they can make a lot of money on crypto taxes instead of banning bitcoin or crypto completely.

I think it's hard to expect all the world's governments to come together to agree on total ban on bitcoin (unless bitcoin and crypto become a real disaster for everyone and every country) which is hard to imagine being real. The government might be able to impose stricter rules on big mining companies, but of course it's difficult to stop mining. There will always be miners as long as they make profit even if the government tightens the rules.



Title: Re: Bitcoin can be banned or stopped by governments
Post by: darkangel11 on January 03, 2023, 05:14:31 PM
Theoretically it can be banned worldwide. Practically it cannot.

What does it mean?

Nothing has ever been banned worldwide. In some countries you cannot own weapons, in others you can own machine guns. In some countries you can't drink alcohol outside, in others you can, in some countries you have speed limits for cars, but there are countries where there are no limits on certain roads.

The moment you ban something you open up a way for others to profit on making it legal.

How would you expect bitcoin to become banned in countries that recognized it as an asset or a form of payment like the whole EU, El Salvador, some African countries...


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Piesel on January 03, 2023, 05:21:06 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help"
Good luck with that.
India tax crypto. That means crypto is legal in India. But Indian Central Bank is the problem, they hate crypto. If the news is true, it would be the central bank that says something like that, not Indian government. They are failing in their own country about crypto, how will they win in the world.
Not only Indian central bank that hate Bitcoin and other cryotocurrencies, even though the government itself taxed bitcoin and generating revenue from bitcoin transactions within the countries.
I think the problem between bitcoin/decentralized finance with the government is the central bank which is a financial institutions funded by the government to provide financial services in the country's economy but the central banks around the world have failed in their responsibility to provide an enabling financial environment free of inflation and money printing.

So the central bank sees bitcoin as a threat to their existence which is why they sponsor several attacks on Bitcoin and other sister cryptocurrencies.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: bittraffic on January 03, 2023, 05:29:23 PM

What about the energy crisis, does anyone also see this energy crisis as to be a setup for a BTC mining ban?

Government can monitor the grid and sees where hashes come from which they could possibly ban Bitcoin by banning mining its going to be a hard battle for them but if they are going to be brutal with this law, many miners will really stop too and I guess this is what they meant when they ask global help.

Fortunately for BTC, there are countries open to BTC and using BTC to thier advantage in the economic war.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Iroh on January 03, 2023, 05:49:52 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If the government could ban bitcoin, they would have obviously done it years ago. In my opinion, they can’t in totality ban bitcoin. But they could make it illegal therefore dissuading the minds of people and making it harder for people to use bitcoin.
 
We don’t need global help to ban bitcoin. There are a whole lot of global problems that could do with some global attention and help right now and bitcoin is nowhere near one of them.
Thankfully, there are some countries that are crypto friendly


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Mpamaegbu on January 03, 2023, 05:57:25 PM
China tried it in 2017 (that was my first experience) with a ban. I saw how that panned out and how the market shook then. However, there's nothing much that happened after a while as the market reshaped after a slope and picked from then after the Chinese ban that saw many exchanges leave China, including Binance. Today, whenever I hear a country is trying to ban Bitcoin I ask what is there for them to achieve other than noise. For all I care, India can go ahead and flex its muscles. Nothing much will come out of its noise.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: South Park on January 03, 2023, 06:07:56 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Governments can agree to ban bitcoin if they want almost all over the world, but it is a completely different thing to actually trying to make people to stop using bitcoin, obviously such a ban will have an effect on its price and the whole industry, however I do not believe all countries will agree to it, and it is in those countries where miners and exchanges will move in order to survive, so such a huge move will cause a major shock on the market but then we will adapt to it as we have always done.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: raybucks on January 03, 2023, 06:10:59 PM
CONCLUSION : bitcoin can not be banned by government people anyways find ways .
Can be banned if internet was banned ( which is not going to happen)


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BlackHatCoiner on January 03, 2023, 06:15:46 PM
Bitcoin is a protocol. Banning Bitcoin means eliminating the sources to access that protocol. Theoretically, that's only possible if you do constant surveillance of every computer and make cryptography illegal. Practically speaking, it's extremely hard (if not impossible) to have such totalitarian behavior without some serious reaction, at least in modern democracies.

You can't ban Bitcoin. You can only ban yourself from Bitcoin (in countries where there is dictatorship, and even that's hard to do).


Title: Re: Bitcoin can be banned or stopped by governments
Post by: aylabadia05 on January 03, 2023, 06:16:05 PM
The government can ban Bitcoin any time they want. For example, China has done so before, but it had no effect on the development of this best crypto asset. If we are not wrong in guessing that there are also people who use Bitcoin secretly.
More about the answers you want to get, then you can follow and listen to each member's post in this thread.

I just want to say that there is a high probability that attempts to ban Bitcoin will not succeed as long as the country still uses the internet in every work activity.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: DooMAD on January 03, 2023, 06:19:54 PM
No government on Earth has managed to stop illegal peer-to-peer filesharing.  Bitcoin is basically like that, but with money instead of files.  

And it's not just the Earth now, anyway.  We have Bitcoin in space (https://futurism.com/bitcoin-now-comes-from-satellites-in-space-welcome-to-the-future).  Name the government in charge of space.   ::)


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Piesel on January 03, 2023, 06:33:09 PM
CONCLUSION : bitcoin can not be banned by the government people anyways find ways.
Not really or totally 100% unbanned by the government if the whole world's governments come together then a banned could be possible or maybe the government shut down the internet.

Because at the moment some countries are already accepting Bitcoin as a legal tender e.g El Salvador and the Central African Republic which made bitcoin a legal tender.

I think the best the government can do is to regulate Bitcoin services such as the exchanges and other payment gatewys that aid Bitcoin scalabilities.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: ajiz138 on January 03, 2023, 07:02:37 PM
They can ban bitcoin but will this have any effect due to the fact that there are several countries that have already done that and bitcoin is still standing today.
Regardless of anything, a ban like this is only for one country that they lead, maybe there are even some people who do other things by banning things like this.
On the other hand, it is possible that there will be other things in regulation, even though it is possible for your country to prohibit it now, but it is not impossible that there will be several changes to regulations in the future, especially if more and more countries support it rather than ban it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Leviathan.007 on January 03, 2023, 07:31:47 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Banning bitcoin in India and some other governments is an old topic and I saw many people already said about it but in the end, they won't be able to suspend bitcoin itself and all they can do is suspend any bitcoin and cryptocurrency transactions for their own country which cannot damage the bitcoin itself also people still can do p2p transactions and if you ask me they don't do this in India because there are many people active in bitcoin and cryptocurrencies and due to this demand I don't this if their government do that.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: hatshepsut93 on January 03, 2023, 07:52:24 PM
but to absolutely abolish bitcoin. well.. look how well the international "war on drugs" or the 1920s "alcohol prohibition" went

people got drunk then and get high now.. and authorities cant be in all places at all times to stop it

And the quality of the products decreased, while the price increased, and people face added risks. A similar thing would happen with Bitcoin if it was banned globally. You would have to go to p2p exchanges and risk getting scammed. Banks would monitor your bank payments and freeze your account if they suspect Bitcoin-related transactions. You could get robbed if you do a large in-person trade. Bitcoin adoption and price would not be growing because of the high entry barrier. Bitcoin would probably not be a good hedge against inflation.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: CryptSafe on January 03, 2023, 07:54:26 PM
Government threatening to ban bitcoin is just a waste of time as it have no effect on their citizens and the market at large. Bitcoin is about p2p so why waste your time threatening ban. Will the government be there to monitor her citizens all the time when or to know if they are extablishing transaction amongst themselves. For all I care is that the government threats are just empty drums that makes the loudest noise. If they can let them find Satoshi Nakamoto.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BlackHatCoiner on January 03, 2023, 08:00:52 PM
You would have to go to p2p exchanges and risk getting scammed.
Peer-to-peer exchanges are orders of magnitude more safe than putting trust to a stranger to trade hand-in-hand. I never had an issue in the former.

Banks would monitor your bank payments and freeze your account if they suspect Bitcoin-related transactions.
That's true, and it must have already been happening. Even if you trade peer-to-peer, for large sums, you might have an unexpected visit. They still don't know for the most part what you're buying with it, but it won't last long 'til they put some pressure on you, if you do this regularly.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: franky1 on January 03, 2023, 08:22:03 PM
to expand on the peer-to-peer exchanging using de-fi and bank transfers

(this is not about illegal scenario by government this is a warning to those in current legal currency setting.. )
even now governments see bitcoin as a legal currency and as such that means banks see transferring crypto as a service for a fee/commission, as a financial service/money business..
if people are abusing their personal bank accounts to do multiple wire transfers to strangers(of any value) a bank can flag that as operating a business or suspicion of money laundering and request answers or just freeze all services(no more wire transfers) where the bank account holder has to withdraw their cash/ask for a bankers cashiers cheque, close their account and seek an account elsewhere..
or
confess/admit they were operating as a service, draw up a business plan, get a business account and get licenced as a money service business to continue operating

yep even when bitcoin is a legal currency be careful doing decentralised exchanging using a unlicensed personal bank account too often

many times you will also find your 'customers' doing transfers with you, will then scam you by saying their account was hacked and money was falsely used to buy coin, and they want their money back. which then puts a flag on your account. where you then have to start doing due diligence to prove you are handling customers correctly by doing KYC on them to get photo Id proof of who was transacting with you.

currently lack of trade/volume on DEX/defi has not shown major instances of the above. but the more populate traders get, the more it will happen


Title: Re: Bitcoin can be banned or stopped by governments
Post by: doomloop on January 03, 2023, 08:36:03 PM
They can ban bitcoin but will this have any effect due to the fact that there are several countries that have already done that and bitcoin is still standing today.
Regardless of anything, a ban like this is only for one country that they lead, maybe there are even some people who do other things by banning things like this.
On the other hand, it is possible that there will be other things in regulation, even though it is possible for your country to prohibit it now, but it is not impossible that there will be several changes to regulations in the future, especially if more and more countries support it rather than ban it.
A ban will surely affect bitcoin's value. It will go down, especially if the ban happened on a country where the Bitcoin users are high. There are countries that have banned BTC before and some of these countries didn't change their decisions yet or have plans to unban BTC anytime soon. Imagine if many countries follow it? I think that is threatening.

We always thought that BTC is the future of money but that won't happen anymore. Regulations are known to be a bad thing for currency which are decentralized like bitcoin but if ever the government demand this in exchange of allowing bitcoin in their country then I think people will just agree on it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: ingiltere on January 03, 2023, 08:37:03 PM
Too many governments already tried it and failed. Bitcoin use can't be banned. They can ban some sort of things though. For example in Türkiye government ban Bitcoin use to buy/sell goods. But they don't touch any Bitcoin exchanges or trades. I don't know what did they gain with this but they did it anyway. Also governments get too much tax money by Bitcoin trades so it's not a wise idea for them to ban.
Governments that try to adopt Bitcoin instead of straight banning it will come forward and in the long run these countries will have big leverage over others. You can't stop technology growth.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Franctoshi on January 03, 2023, 08:59:04 PM
No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: GeorgeJohn on January 03, 2023, 09:06:39 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
In this case, what will happen towards this case is a restrictions of cryptocurrency,and it's very difficult before all the countries will come together to work for banning of cryptocurrency and mostly Bitcoin, so i believe that government have the power to ban Bitcoin if they wishes to ban it worldwide, but one or four countries can not stand to ban Bitcoin and it work out, the only thing that can happen in that country is to restrict or regulates the usage of Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: coolcoinz on January 03, 2023, 09:12:17 PM
Every time I see someone ask this question I ask them a question back:
Show me one occasion where the whole world cooperated to stop something.
Even at times of world wars the world is divided, on drugs it's divided and it's divided on capital punishment and many other things.

Bitcoin will never be banned worldwide. It can be banned in some countries but it will be regulated in others. It's not a problem if you want to use it though. For instance weed is banned in my country and most people that I know have smoked, so bans aren't stopping anyone from anything.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: drwhobox on January 03, 2023, 09:19:40 PM
Indian TV channels broadcast commercials for bitcoin wallets and other crypto related ads. I don't think the Indian government has banned bitcoin yet. 

Quote
can bitcoin be banned if all government will agree to ban bitcoin

They won't be able to ban bitcoin. Put the Indian government aside, even it won't be controlled by the US government.

Bitcoin users will always find a way to use bitcoin, even if the government bans it.   

Governments that try to adopt Bitcoin instead of straight banning it will come forward and in the long run these countries will have big leverage over others. You can't stop technology growth.

Even if some governments want to adopt bitcoin, their central bank will pressure the government not to adopt it. Bank is the main culprit here for bitcoin adoption.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: mirakal on January 03, 2023, 09:24:05 PM
No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.

Yes, they could've banned it by now because they have the power do so but in the first place, why would they ban such thing if its goal is only to help the people. United States of America for example, their country has been vocal of contradicting the bitcoin because it's an unknown water for them, but they are just hiding behind the reason that they just can't control it that's why they don't like it. So, if that's their reason, then why is it still legal in US soil? They could've banned it and followed the steps of China, but they didn't.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: GeorgeJohn on January 03, 2023, 09:24:46 PM
No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.
The thing is that government have not come together and have a deliberation concerning baning of Bitcoin, banning of Bitcoin always be agitations of one particular country, so therefore i believe that cryptocurrency and especially bitcoin is something that i believe that since government doesn't have documents of Bitcoin they fine it difficult to ban Bitcoin, but no one supercedes the authority of government from my perspective.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: KingsDen on January 03, 2023, 09:28:11 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If all the government of the world agree to ban bitcoin they will do it successfully. But the problem is that the whole world government will not agree on one thing.
The whole world doesn't have one government, they don't have one currency and infact they are not at peace with one another.
If one country agrees to ban bitcoin and its activities, another government will do the opposite by adopting bitcoin and encouraging its activities.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: franky1 on January 03, 2023, 09:32:16 PM
We always thought that BTC is the future of money but that won't happen anymore. Regulations are known to be a bad thing for currency which are decentralized like bitcoin but if ever the government demand this in exchange of allowing bitcoin in their country then I think people will just agree on it.

bitcoin 2009-2014 was undefined legally so treated as private property (like trading cards or auctioned art) thus regulators had no remit/jurisdiction

as soon as it was defined as currency it allowed regulators to the licence businesses wanting to "swap" currencies to be treated as money service businesses

now they dont want to see crypto as currency, but instead a commodity (elemental/raw product used to create other products) basically mainnet used to lock value for underlying subnetworks of iou/pegged tokens

which is a different set of regulators
now its being deemed as a crypto asset instead of a cryptocurrency (government deciding to change terminology) other regulators can jump in.
as a currency for instance only the SEC could regulate us businesses using crypto..
as a commodity the CFTC can get involved and control trade quota's classify investor types, set circuit breaks on trade volitility.. and it also means the EPA can then mandate miners get a licence to be more ecological/efficient or be banned

but with all that said
there is movement in the BIS(banks of international settlement) are proposing to let central banks hoard crypto assets of upto 2% of banks combined collateral reserves in 2025.
sec and cftc are trying to classify crypto to allow commercial banks access to hoard crypto

so although there are some worse case scenarios that have happened and could happen. there is also some positives that could occur too


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Lanatsa on January 03, 2023, 09:44:28 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Not all countries or government could share up with the same view and impression but in majority aspects where most of them would really be going against Bitcoin or cryptocurrencies due into its main characteristics and features which is totally opposing centralization.

Its true on others been saying that if they could ban it out then they have done it already.Some places are going into the opposite side which instead of banning it then they do regulate and allow it.
This is why we could really say that each country or government does have its own stances for this thing.They cant stop it literally or technically and this is why they do
targeting out those platforms which are involved into it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: _BlackStar on January 03, 2023, 10:22:05 PM
India tax crypto. That means crypto is legal in India.
Legal to trade does not mean legal to use as currency. Maybe that's the point. As I know India has taxed crypto so far, they are getting benefit but crypto is not legal tender.

In other countries such as Nigeria, crypto also appears to be illegal as currency but some users are brave enough to adopt it as a means of payment. Even if crypto isn't legal then it's hard to expect it to be banned completely by the government because it's definitely a hot ball for them. Governments can control crypto users with their rules, but not with networks like bitcoin. So it must be hard to get a deal on banning crypto globally.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: _act_ on January 03, 2023, 10:39:30 PM
For all I care, India can go ahead and flex its muscles. Nothing much will come out of its noise.
Do not get it wrong, it is Indian CBN that can say something like that, India accept crypto and they are regulating it, but their central bank is the one making noise, not Indian government.

If all the government of the world agree to ban bitcoin they will do it successfully. But the problem is that the whole world government will not agree on one thing.
Just like when China banned bitcoin and crypto mining, Kazakhstan accepted more miners, mining also increased in US, Kenya also encouraged crypto mining. I can not agree more, you are right.

India tax crypto. That means crypto is legal in India.
Legal to trade does not mean legal to use as currency. Maybe that's the point. As I know India has taxed crypto so far, they are getting benefit but crypto is not legal tender.

In other countries such as Nigeria, crypto also appears to be illegal as currency
Because I said crypto is legal in India, I did not mean it is a legal tender, but that it is legally accepted.

Crypto is not illegal in Nigeria. Who is feeding you with wrong information?


Title: Re: Bitcoin can be banned or stopped by governments
Post by: GeorgeJohn on January 03, 2023, 10:52:51 PM
In other countries such as Nigeria, crypto also appears to be illegal.

This is a wrong conception that cryptocurrency is illegal in Nigerian, make your research very well, nobody ban cryptocurrency in Nigeria it was a false information that Bitcoin is been ban in Nigeria, the vice president said cryptocurrency can be regulated but not ban in Nigeria, so therefore bitcoin is not ban rather it's been allowed to operate but not really a legal tender in the country of Nigerian.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: KupaCrypto on January 03, 2023, 10:56:00 PM
Bitcoin being banned by government will cause more harm than good, as crime rate will be on the increasing side.Most youths now make there money with bitcoin and Most of dem are successful with bitcoin, banning it will not sit well with the young people especially those that has benefited from it,


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Rigon on January 03, 2023, 11:21:34 PM
Given the size of users around the world, Bitcoin has become a fait accompli that cannot be ignored.
Technically, no central authority can ban bitcoins because the blockchain protocol prevents the entity from being in control of the nodes or blocks. Practically speaking, this can be done by governments if humanity decides to abandon Internet technology or if electric power disappears from the face of the earth.
Right. The way Bitcoin has spread around the world, it is not possible for any country's government to destroy Bitcoin. Even if the government of all countries is united, it is possible to ban but not to destroy it. And if it was possible for the government to stop it, it would have stopped it by now. Bitcoin in particular is a decentralized currency and blockchain system. And in order to stop this Bitcoin, Internet technology and electric power must disappear from the chest of the world, only then the governments of different countries can be successful in stopping Bitcoin. And this system will never be possible and Bitcoin will never be destroyed.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: AmoreJaz on January 03, 2023, 11:29:23 PM
In other countries such as Nigeria, crypto also appears to be illegal.

This is a wrong conception that cryptocurrency is illegal in Nigerian, make your research very well, nobody ban cryptocurrency in Nigeria it was a false information that Bitcoin is been ban in Nigeria, the vice president said cryptocurrency can be regulated but not ban in Nigeria, so therefore bitcoin is not ban rather it's been allowed to operate but not really a legal tender in the country of Nigerian.

most countries have no regulations when it come to crypto because for them it is new technology and it would require time for them to understand and implement protocols on this technology.
also, there are several crypto-exchanges operating in nigera, so if the govt banned any crypto-related business, these exchanges won't operate.
right now, for countries who don't have clear taxation rules and other protocols, better enjoy it. because in time, even small crypto owners may need to submit their crypto assets and incur tax on it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Smartvirus on January 03, 2023, 11:42:57 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Banning of bitcoin by world government? Well yes! That's very possible but stopping it in entire is what you can't expect to happen. A few government have tried and still, the currency continues to thrive. Perhaps it goes through through a little bear move but soon goes back up rather drastically.
That's the strength in centralisation, it doesn't depend on the corporate effort of some group of persons, organisation or government to rule it out. You actually need the whole bitcoin or crypto enthusiast to want out and that's why they stick to FUD to make it happen and we sint buying it.

Wha am getting now is that, in this concept of ban, it doesn't mean stop!


Title: Re: Bitcoin can be banned or stopped by governments
Post by: CryptoPanda on January 03, 2023, 11:59:43 PM
Bitcoin can’t be stopped that easily. Governments around the world have been trying since to kill bitcoin from day 1 and have not succeeded. In our world today where everything is centralized and censored People are very much invested in bitcoin, what it means and how it can be used as a means of freedom.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: landheer on January 04, 2023, 12:03:11 AM
I think bitcoin could be banned if all the governments agreed,
but in my opinion, with the existence of bitcoin, the government will not experience losses, in fact, with the presence of bitcoin, the community's economy will be helped.
so I think the government will definitely find it difficult to ban bitcoin because bitcoin doesn't hurt the government. and if the government banned bitcoin, of course now the government has banned it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Bazzu on January 04, 2023, 12:30:24 AM
maybe in every country the attitude of the government towards bitcoin is different, of course there are those who react positively and there are negative ones, but I am lucky to live in a country where the government supports bitcoin and crypto. and the government applies a tax system in every transaction on certain exchanges that have been given permission by the government.
so if transactions on the exchange are of course protected by law, so of course bitcoin and cryptoo transactions will be safer.
 
but I think don't think too much about it
The problem is, the proof is now not banned by your government right.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: GreatArkansas on January 04, 2023, 12:55:46 AM
I think bitcoin could be banned if all the governments agreed,
(....)
I don't think so. If they can control the internet or shut it down, that's the time Bitcoin will stop.
Bitcoin is decentralized, that's how Bitcoin works, so I believe as long as there is the internet, Bitcoin will stay even government will ban it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: ChiBitCTy on January 04, 2023, 01:00:42 AM
As others have of course already stated here, governments can't ban bitcoin.  They can ban exchanges from operating inside of their nations which will certainly hurt people in a large way that will effect their buying and selling of bitcoin, but it can't/won't shut thing down entirely as there's decentralized exchanges as well as over the counter trading which can never be shut down as it's not even something that has to trigger anything on the blockchain.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: xSkylarx on January 04, 2023, 01:52:12 AM
The difference between banning and stopping bitcoin is very different. Well, if we stay stopped, it would be about stopping its operation and transactions, which the government cannot do, but about banning. A few countries have banned bitcoin in their country, primarily because bitcoin was used in illegal transactions and money laundering. Though it would be difficult for people to stop using bitcoin because it has been banned because they can still transact online without the government knowing.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Despairo on January 04, 2023, 03:05:47 AM
Can Bitcoin get banned? yes.
Can Bitcoin become legal tender? yes.
Can you trade if Bitcoin get banned? yes.
Can Bitcoin fall to $1? yes.
Can Bitcoin surge to $1000000000000? yes.

Anything is possible in Bitcoin, because there's no one can control it. All governments can ban Bitcoin, but it doesn't stop people to trade using decentralized exchange and protect our privacy using reputable mixer. Bitcoin decentralization is 100% and can't be controlled by any party including Satoshi.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: oaz7t on January 04, 2023, 04:27:34 AM
That is just an assumption out of thin air. There is no meaning for this statement unless and until  there are visual evidences for this. What I mean is, until now there have been news like this everywhere but there was no single government with any amount of power who was able to stop the bitcoin. That was the whole point of making blockchain as public ledger so that individual can surpass the whole banking system and traditional government rules & beyond.
With that said, if Mr. Satoshi wanted use his brain to develop the current banking system then he could have done it, patented the blockchain for private usage and made it available for the use of banks only. We have already surpassed those barriers, bitcoin is unstoppable now.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Victorik on January 04, 2023, 04:52:57 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help"
Good luck with that.
India tax crypto. That means crypto is legal in India. But Indian Central Bank is the problem, they hate crypto. If the news is true, it would be the central bank that says something like that, not Indian government. They are failing in their own country about crypto, how will they win in the world.


No government in the world can ban BTC.
The reason why governments are afraid of BTC is because they have no control over it.

The reason why banks hate crypto is obviously because it is a serious threat to them.

That being said, I think India has the highest number of scam crypto currency projects out there.  Most of their projects ends up scamming people.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: My ThuiHa on January 04, 2023, 06:13:52 AM
The government sees bitcoin as a threat to traditional currencies, threatening to undermine central banks' control over money.
Many countries have promulgated laws and regulations that prohibit Bitcoin, but after a period of time, they announced that Bitcoin is allowed to be accepted.
It is difficult to implement a ban on Bitcoin in many countries unless the government fully controls the Internet. Such an approach will lose popular support. People will have some overreactions.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: bounceback on January 04, 2023, 02:09:23 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
What is certain is that not all governments will agree to prohibit bitcoin adoption in their countries because every government has a different view of bitcoin and so far, if we look at it, only in large countries the governments do not accept bitcoin, but in some small countries they will need bitcoin and believe that bitcoin can help boost the economy in such a small country like El Salvador. Currently bitcoin is growing so fast that I don't think the government has enough power to stop the existence of bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Yatsan on January 04, 2023, 03:12:06 PM
Well, technically, yes. This technology could be stopped by governments if they would like to. The thing which makes this technology run is its community so if governments will be banning the usage, then this industry would be at risk.
The government sees bitcoin as a threat to traditional currencies, threatening to undermine central banks' control over money.
Many countries have promulgated laws and regulations that prohibit Bitcoin, but after a period of time, they announced that Bitcoin is allowed to be accepted.
It is difficult to implement a ban on Bitcoin in many countries unless the government fully controls the Internet. Such an approach will lose popular support. People will have some overreactions.
I do see it as a threat for the government in terms of avoiding taxation unlike with fiat based transactions which are monitored by governments of each country. Fiat still is more powerful so I doubt this technology would be more than that given the market volatility on the prices, there would be more people to still use fiat simply because it is less risky to possess than to lose due to market price volatility. But in the future, it is more likely to coexist with one another simply because of the difference in terms of preferences of both investors and non-investors of this technology.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: meanwords on January 04, 2023, 03:20:53 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

They can ban it but they can't stop people from using it. That's just how it is. It's the fear of the law that will stop the people from using Bitcoin.

The government sees bitcoin as a threat to traditional currencies, threatening to undermine central banks' control over money.
Many countries have promulgated laws and regulations that prohibit Bitcoin, but after a period of time, they announced that Bitcoin is allowed to be accepted.
It is difficult to implement a ban on Bitcoin in many countries unless the government fully controls the Internet. Such an approach will lose popular support. People will have some overreactions.

Bitcoin is too small to see it as a threat for the traditional banking. It's more like a nuisance because of how criminals are utilizing Bitcoin to launder or scam from the citizens. Bro, just look at NFT scams taking millions of dollars in Bitcoin and Ethereum alone.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Haunebu on January 04, 2023, 03:36:49 PM
I suggest editing the title of this thread to 'Bitcoin cannot be banned or stopped by governments' because that's the truth. Firstly, all governments won't stand together to take down BTC and the entire cryptocurrency market for various reasons.

Secondly, even if they somehow miraculously take a stand together, their efforts would be pointless since BTC isn't 100% centralised. They would end up wasting their own time and money.

Also, the Indian government decided to regulate the cryptocurrency market recently since they realised that they cannot ban them completely.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Crypto Library on January 04, 2023, 06:29:42 PM
Snip
Controversies have already been created over the legality of cryptocurrencies in India, although India has now legalized cryptocurrencies despite many speculations. But still many political figures are pushing to make it illegal again. And now if they declare illegal again then I think it will be a stupidity for their country and I also think they will never get global help in this case for banning Cryptocurrency.
Except a few countries, countries around the world are currently thinking about how to move forward in the future with the current saturated currency.  So I think they will not get help from any other country in this regard.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: The Cryptovator on January 04, 2023, 07:37:23 PM
You should not have asked this question if you are well aware of true decentralization. As a result, it is important to know what decentralization requires. This refers to Bitcoin operating without the involvement of a third party. Miners solve blocks and mine Bitcoin. In any case, no government can control it. We can obtain it from anywhere. Only centralized wallets or exchanges could be controlled by the government. They can't interfere with decentralized exchanges or non-custodial wallets, so they can't ban Bitcoin. The government can declare something illegal but cannot ban it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Rockstarguy on January 04, 2023, 07:46:04 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If it was possible for government to ban bitcoin it would have been something they would have done even before now. Government can't ban  bitcoin or try to regulate it.  Bitcoin is beyond the government, right now they don't have any choice than to adopt it. The only thing some government can do is to ban the use of bitcoin in their country. Nobody can stop bitcoin, it is either you accept  or you leave it, nothing else can be done apart from this.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: hemzer on January 04, 2023, 09:55:16 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

You have to understand something about the Indian Government.
The Government sees Indians as some thing to beat upon and squeeze wealth from. Sort of like a Master /Slave relationship.
This mentality cannot be propagated into many forward thinking nations.
So yes Indians are fucked but this plan to globally stop Bitcoin is an idiots dream just like Indians ruling class are a bunch of idiots.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Cookdata on January 04, 2023, 10:05:15 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Bitcoin doesn't begin from India and it doesn't stop there either, it's a global thing and decentralized without any organization or group of people that controls. If bitcoin eventually gets ban in India, I don't think it will affect bitcoin price that much and people from that jurisdiction wouldn't be allowed to use bitcoin freely and openly. When I say openly, I mean freely without hiding their bitcoin from the public(for those who doesn't priorities privacy).

If we are to go by the India government stance on bitcoin in India, I don't think the government has any plan to stop bitcoin and it's people from interactions, there is a bill for regulations I believe and it will come out after careful consideration.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: lalabotax on January 04, 2023, 10:12:21 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
They can only make strict rules and regulations about Bitcoin. They say they will ban Bitcoin but not bitcoin directly. They are able to ban centarlized platforms for exchanging Bitcoin, but they are not able to ban decentralized exchangers for Bitcoin moreover the P2P. They may be able to make certain regulations, but in fact, Bitcoin is unstoppable, even if there is a rule, there are still many people in your country using this, investing in Bitcoin, and having trust in Bitcoin. Let it be, let them say so, but they actually can't.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: bitbollo on January 04, 2023, 10:17:56 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Did the US government would be part of it? I don't thinks because bitcoin has been already sold by US Marshal auctions - around 185230 BTC https://jlopp.github.io/us-marshals-bitcoin-auctions/
Without their support this can be an useless battle at least for western part of the world.
Moreover at this stage it's kind of impossible and the technology is widespread and accepted by many merchants.
Plus this is a decentralized solution...



Title: Re: Bitcoin can be banned or stopped by governments
Post by: blockman on January 04, 2023, 10:22:44 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
They can ban establishments that will accept bitcoin or have a relation to their business and bitcoin. That's all they can do but to ban bitcoin and its entirety, they have no means of doing that.
And even if they ban it, everyone will still be able to access it no matter how hard they try, still, there will be citizens that will access bitcoin wallets and bitcoin websites even if they execute an entire ban on their country.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Emmanuelex on January 04, 2023, 10:39:39 PM
A lot of people makes use of centralized wallets, and such people would be easy work for the government to take down. It would be difficult for the government to take down those who are making use of fully decentralized BTC BTC wallets. But from what we know, there has been news before about a regulation that will require that users of centralized wallets give information about who they are sending or receiving bitcoins from, so that would be a way to expose those that are staying private. If the whole community will be decentralized, and no more use of centralized wallets or platforms, then I think it would be a hard case for the government to crack.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Lanatsa on January 04, 2023, 10:46:14 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
They can ban establishments that will accept bitcoin or have a relation to their business and bitcoin. That's all they can do but to ban bitcoin and its entirety, they have no means of doing that.
And even if they ban it, everyone will still be able to access it no matter how hard they try, still, there will be citizens that will access bitcoin wallets and bitcoin websites even if they execute an entire ban on their country.
This is where Bitcoin do get its main support and recognition on which there's no way for Government to stop it technically or simply speaking about its operation completely.They might able to take some action

into those businesses or platforms which are attached to Bitcoin or crypto as a whole but its not something enough on completely eradicating Bitcoin into its existence.As long there would be
people and there would be someone who do make out these transactions or simply having the demand then it couldnt die.

Some had already surrendered on looking for ways and methods but they do fail but rather they do go into the opposite side which it to accept or adopt but most of the current government
are still in neutral phase.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: blockman on January 04, 2023, 10:51:56 PM
They can ban establishments that will accept bitcoin or have a relation to their business and bitcoin. That's all they can do but to ban bitcoin and its entirety, they have no means of doing that.
And even if they ban it, everyone will still be able to access it no matter how hard they try, still, there will be citizens that will access bitcoin wallets and bitcoin websites even if they execute an entire ban on their country.
This is where Bitcoin do get its main support and recognition on which there's no way for Government to stop it technically or simply speaking about its operation completely.They might able to take some action

into those businesses or platforms which are attached to Bitcoin or crypto as a whole but its not something enough on completely eradicating Bitcoin into its existence.As long there would be
people and there would be someone who do make out these transactions or simply having the demand then it couldnt die.

Some had already surrendered on looking for ways and methods but they do fail but rather they do go into the opposite side which it to accept or adopt but most of the current government
are still in neutral phase.
Yes, that's what I meant to say. They can't stop bitcoin wholly but those companies, stores, establishments, and services that accept bitcoin as payment then here's where they can do something about them and that's to ban them but not bitcoin.
Eventually, they'll just have to accept the fact that bitcoin is unstoppable and no government can stop it even the miners. They just have to embrace and adopt it because that's the best thing for them to do and at the same time, they'll benefit from it if they'll implement taxation for profits made from it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: landheer on January 05, 2023, 12:34:39 AM
I think bitcoin could be banned if all the governments agreed,
(....)
I don't think so. If they can control the internet or shut it down, that's the time Bitcoin will stop.
Bitcoin is decentralized, that's how Bitcoin works, so I believe as long as there is the internet, Bitcoin will stay even government will ban it.

it's true too,, your words,, I forgot about the internet. but of course if the government does not agree with its people to invest in bitcoin, surely it will hinder people who invest in bitcoin. even though they can invest in bitcoin but, it will not be as free as what is permitted by the government.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BossTrack on January 05, 2023, 12:39:26 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Well, the closer nations get to a unanimous ban on crypto the more profit incentive there is for a country to be crypto friendly. It's like if all restaurants in your location agree not to sell hamburgers, there is a lot of incentive for an outsider to pop up and start selling hamburgers.

In the real world, if USA and EU agree to "ban crypto" and IP ban CEX sites or whatever, foreign nations will just get rewarded by having their own crypto exchanges. It just funnels capital to someone else.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: LDL on January 05, 2023, 01:34:49 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
At various times, the Indian government has been making various policies on cryptocurrencies i.e. Bitcoin, but they have not been able to come to any proper decision yet.  The Indian government was supposed to formulate a policy on Bitcoin from 2019 and the Indian Finance Team was supposed to meet with G20 members to develop a valid policy and tax system but they failed to do so.

Indian Central Bank, Reserve Bank of India has said that if Bitcoin and cryptocurrency are not banned, there will be a major crisis in this sector later and the government will have to pay the price.

Due to the negative reviews from various departments and considering the overall status of Bitcoin, the Indian government has informed that they are going to organize an awareness campaign on Bitcoin very soon.  The campaign will include awareness advice on investors, risky investments in Bitcoins and cryptocurrencies, over-investing, and various scam activities.



News: https://news.bitcoin.com/indian-government-launching-crypto-awareness-campaign/ (https://news.bitcoin.com/indian-government-launching-crypto-awareness-campaign/)


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Dzwaafu11 on January 05, 2023, 10:24:15 AM
Yes governments can ban bitcoin even though they don't come together for two counties even 1 country can ban bitcoin the reason why some government don't like bitcoin is because bitcoin is a digital currency that they can't control or print with that they don't have any hand on the business and if they should allowed the central banks may loose because people may stop using there currency.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: KupaCrypto on January 10, 2023, 02:02:13 PM
No government can single handedly stop bitcoin, because that government doesn't have the control over bitcoin and as such you can't ban something you don't have control of, you can only stop or ban something under your control.
But if the government of the all the nations come together in agreement of banning bitcoin then I believe they can ban it, because they will shut bitcoin out of the internet in their various countries.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Gallar on January 10, 2023, 02:14:18 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
things like that won't happen, it's very difficult to unite one thought to be agreed upon by all parties, especially this government.
if only the government unites and agrees to eliminate or legalize bitcoin and crypto, bitcoin and crypto investors will definitely not stay silent, the government cannot decide every plan they want without the approval of the community, they must remember, they are elected by the people.
it's strange if there is a government that wants to eliminate bitcoin and crypto, even though bitcoin and crypto have become a way of success for its citizens.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: qwertyup23 on January 10, 2023, 02:45:07 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If all countries were to ban BTC and its usage, then it will slowly become obsolete and no one would actually use it. There would be no trading aspect as persons would be liable if they transact using BTC. In addition, they would also be penalized by their respective government given that exchanges require KYC in order to transact using it. This will now definitely ruin the chances of BTC being globally accepted and used as a form of alternative currency without the need of any third-party consensus.

While that may be the case, I really doubt that it will happen. There are various countries who see the potential of its usage and its impact on the economy (e.g. Japan, etc.). While there may be countries who prohibit the use of such, there are still countries who continue to develop and adapt BTC to its economy and finances.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Bobrox on January 10, 2023, 02:58:10 PM
Based on I heard have countries banned and stopped Bitcoin transaction are China and India, for China have been longer time around Bitcoin under $5,000 announced for banning all Bitcoin transaction and stopped with ICO project working in their country. India announced banned Bitcoin last several years but newly update about trying adopt cryptocurrency taxes above 30% and seems about not consistency banned Bitcoin.

During give beneficial with taxes income I think several countries have banned Bitcoin will allow for cryptocurrency transaction due investment assets or digital currency payment transaction. Huge transaction every years in cryptocurrency make several countries have difference viewed with Bitcoin after banning and later will allow for Bitcoin become legal transaction or legal as investment assets.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Pesona1 on January 10, 2023, 03:01:12 PM
To ban bitcoin seems like a difficult thing to do because if it were possible maybe today we will see the bitcoin market collapse, I think it is impossible that all countries (globally) will have the same vision to ban bitcoin because after all some countries actually see bitcoin as an alternative which is indeed better in terms of investment, even if India bans bitcoin, of course I don't think it will affect the bitcoin market too much because so far the Indian country has not had too much of a big influence on world finance or the economy, not like China or America.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BigBos on January 10, 2023, 03:13:13 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If all countries were to ban BTC and its usage, then it will slowly become obsolete and no one would actually use it. There would be no trading aspect as persons would be liable if they transact using BTC. In addition, they would also be penalized by their respective government given that exchanges require KYC in order to transact using it. This will now definitely ruin the chances of BTC being globally accepted and used as a form of alternative currency without the need of any third-party consensus.

While that may be the case, I really doubt that it will happen. There are various countries who see the potential of its usage and its impact on the economy (e.g. Japan, etc.). While there may be countries who prohibit the use of such, there are still countries who continue to develop and adapt BTC to its economy and finances.

I don't think it's as easy as described, all countries will work together to stop Bitcoin, I don't think it's possible for that to happen. Considering what is happening in our world today, there is always one sidedness between each other and each has its own strongholds in which there are frictions. .
Where all countries have ambitions to become developed countries and become rulers, usually countries that adopt technological advances, they will become super powers.
My point is that there are countries that view Bitcoin as a thorn that can destroy their power in monopolizing the financial system and there are countries that think that bitcoin is a new invention that will replace the world's financial system so that many countries have/started studying Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: kryptqnick on January 10, 2023, 03:45:45 PM
I think LoyceV is right that it would have happened by now if they could ban it, but I'd also add 'if they wanted to ban it'. Authoritarian-leaning regimes can have more control over the legislation and introduce very restrictive measures without much backlash. So Bitcoin can be easily banned in a significant part of the world which is not democratic. In democracies, it's much trickier, as there are mechanisms like protests and lobbying to ensure that people have as many freedoms as they can have without it being a major threat to national security or to safety of the population itself. So I don't think that a full ban is possible in a huge democratic chunk of the world. If there's a combo of high crypto interest and strong democracy, it's not going to work.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Crypt0Gore on January 10, 2023, 04:07:40 PM
The government must have tried and failed, BTC was a threat to centralised power and the government and today it survived, there is no proof that the government isn't even investing in Bitcoin right now, so far Bitcoin has remained unstoppable and it will always be unstoppable, any country that has banned Bitcoin they will end up lifting the ban, it takes time and patience.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: DooMAD on January 10, 2023, 04:10:31 PM
If all countries were to ban BTC and its usage, then it will slowly become obsolete and no one would actually use it. There would be no trading aspect as persons would be liable if they transact using BTC.

"No one" seems a little extreme.  Software piracy, music piracy, TV and movie piracy, or copyright infringement in general are all considered illegal in just about every part of the world.  And loads of people still do that.  Certain drugs are also banned in most places, however some people still chose to take them recreationally.  Bans aren't as effective as most people assume.

Banning Bitcoin would simply drive usage underground and make it more difficult for authorities to surveil and monitor.  Fewer people would use it, sure.  But still enough to maintain network effects and utility.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: GigaBit on January 10, 2023, 04:52:40 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
If Bitcoin could have been banned or restricted it would have been done. Even if the powerful countries of the world gather, it will not be able to control it in any way. This is the main advantage that Bitcoin took no time to establish itself today. No one can stop or ban it even if they want, because there is no control. When the governments of different countries were able to understand these issues, they looked at the aspect of not banning it but how it is possible to collect the revenue of that country. Due to various government restrictions in most countries, Bitcoin cannot be bought and sold directly, but many people are involved in it indirectly. What is important is how to implement something good through it without thinking of banning it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: freedomgo on January 10, 2023, 05:00:43 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If all countries were to ban BTC and its usage, then it will slowly become obsolete and no one would actually use it. There would be no trading aspect as persons would be liable if they transact using BTC. In addition, they would also be penalized by their respective government given that exchanges require KYC in order to transact using it. This will now definitely ruin the chances of BTC being globally accepted and used as a form of alternative currency without the need of any third-party consensus.

While that may be the case, I really doubt that it will happen. There are various countries who see the potential of its usage and its impact on the economy (e.g. Japan, etc.). While there may be countries who prohibit the use of such, there are still countries who continue to develop and adapt BTC to its economy and finances.

Luckily, not all countries has the same view as China and India because they chose to ban cryptocurrency rather than taking advantage of what can it do to their economy and let their people have the freedom invest in it. I understand why they chose to ban it but in any given angle, their government are just too selfish because they are the ones who decide for their people even if it's not what the people wanted.

To answer the OP's question, governments will definitely ban bitcoin if they chose to do so just like what India and China did.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: goldkingcoiner on January 10, 2023, 05:21:30 PM
How many times has India banned crypto now? Is anyone counting?

https://i.kym-cdn.com/entries/icons/facebook/000/006/948/epic_lulz.jpg




There are two countries who are perpetually banning and rebanning Bitcoin as well as all crypto. China and India. And has that worked? No. Even North Korea with their 25 mill population cannot stop Bitcoin. No matter how hard they try, neither can the (supposedly) most powerful country in the world- United States of America.

So what chance does India have? Especially with their population size and lack of dictatorial government?

Nobody can stop you from mining Bitcoin. Nobody can stop you from sending it to other wallets.

/Panicmode off


Title: Re: Bitcoin can be banned or stopped by governments
Post by: vitya1982 on January 10, 2023, 05:32:58 PM
How many times has India banned crypto now? Is anyone counting?

https://i.kym-cdn.com/entries/icons/facebook/000/006/948/epic_lulz.jpg




There are two countries who are perpetually banning and rebanning Bitcoin as well as all crypto. China and India. And has that worked? No. Even North Korea with their 25 mill population cannot stop Bitcoin. No matter how hard they try, neither can the (supposedly) most powerful country in the world- United States of America.

So what chance does India have? Especially with their population size and lack of dictatorial government?

Nobody can stop you from mining Bitcoin. Nobody can stop you from sending it to other wallets.

/Panicmode off
@
True. It's so funny, every time I see news about banning Bitcoin I think to myself "But they have already done it, or am I getting crazy?"


Title: Re: Bitcoin can be banned or stopped by governments
Post by: uneng on January 10, 2023, 06:17:59 PM
I believe the only way for governments to stop bitcoin would be to ban internet. Since it's not possible, it's also impossible for them to stop bitcoin. There can be bans, regulations, negative propaganda, FUD, censorship, although it's nevery going to be sufficient to completely prevent citizens from using bitcoin. Fortunately for citizens from strict countries, centralization has its limitations, so they can still enjoy their experience dealing with bitcoin on the internet. However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Mustang Shelby on January 10, 2023, 06:23:38 PM
Most governments think the same on this issue.  However, many of them are hypocritical.  Look, there is the example of China.  Although it is a country that has sanctioned many cryptocurrencies in the past, they produce and work on Digital Yuan.  They want to make the most of the blockchain infrastructure and turn it in their favor.  Why are they against Bitcoin because Bitcoin is moving independently of them.  Their excuses are ready, they say that Bitcoin causes a lot of black money.  Thinking about it, is Bitcoin the only way to launder money?  How did people clean them up before Bitcoin was created?  They still follow the same methods.  There may be malicious ones, but how accurate can it be to generalize this?  If there is a worldwide ban for Bitcoin, it will of course affect its price, but I do not think it will affect its use.  I also do not think that governments will take such a step globally.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BlackHatCoiner on January 10, 2023, 07:32:57 PM
However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.
You can't just move to another country because of bitcoin, unless you really have a big hidden fortune that can make you retire.

Their excuses are ready, they say that Bitcoin causes a lot of black money.
It is deserved to be said that "black money" is defined black by the state. If there are no laws prohibiting the existence of drug marketplace, or non-reported gambling activity, that money is just as "clean" as it can be. Whatever activity involves money and isn't liked by the state is going to be flagged as illicit. Bitcoins, therefore, as fundamentally separated by the state, are most likely going to be "black money".


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Smartprofit on January 10, 2023, 08:31:39 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

There is a conspiracy theory according to which all political and economic processes on planet Earth are controlled by a single World Government. 

However, using the example of Bitcoin, we know for sure that there is no World Government! 

Many governments and Central Banks want to ban Bitcoin. 

However, all their efforts are in vain.  They cannot coordinate their position with other countries.  Bitcoin is a new decentralized world currency.  Bitcoin is a real opportunity to make a profit. 

Therefore, there are always states in the world that are not interested in a complete ban on Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: ShowOff on January 10, 2023, 08:44:42 PM
-snip-
I'm happy with your optimism about bitcoin and its future. I hope things like this can convince people that real bitcoins cannot be stopped or controlled by any authority. The government, through its rules, is only able to control the majority of users, but none of them is completely successful because there are many ways to transact.

While the majority of law-abiding people might find regulation and prohibition reasonable and they accept it, but those who are starting to distrust the government and the centralization of its currency primarily in hedging. I believe bitcoin has a good future ahead of it from a regulatory perspective, and it's quite possible that the majority of countries that banned it will lift the ban when other powerful countries start to soften.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: tjtonmoy on January 10, 2023, 09:03:34 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

They are afraid because they can't control BTC or other cryptocurrency unless it's their own creation. And banning crypto worldwide would never be possible. Because they are stupid not to understand the importance of crypto, mostly BTC. And the main reason being not able to control it is their main fear. Drug use is ban and yet people are still using it, isn't it? Maybe a bad example but just for reference tho.
There will always be people who will adapt to crypto. And What about those country who adopted BTC already? It's just one way to spread fear to keep us suppressed.
Good day will come, just have patience.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Vampobit on January 10, 2023, 09:09:49 PM
I don't mean to be rude or anything of course, but I am really curious to know... How can bitcoin be banned ? I mean, in general, let's say that you wanted to ban bitcoin, what would you need to do ?


Title: Re: Bitcoin can be banned or stopped by governments
Post by: SOKO-DEKE on January 10, 2023, 09:22:13 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Yes if truly all government can agree, Bitcoin can can be ban but it is not possible for all government to that because of their economy are not going in same direction and each government is looking forward on how they will continue building their economy. So there are competition in economy between the governments, so that is reason why they not agree and that is why I think Bitcoin cannot be banned if not they could have banned it. I can see  some government are trying banned Bitcoin in some countries but the more they trying to banned it, the higher more countries are adopting it. So with my view Bitcoin cannot banned if not it could have not even reach this time.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: YouYou0321 on January 11, 2023, 03:37:50 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
The governments of countries must want to control their own country's financial system and prevent capital outflows, but Bitcoin is the natural enemy of this system. This is one of the meanings of Bitcoin's existence, to make funds more free, and centralization has bound us for too long Now, Bitcoin is the only decentralized product that allows people all over the world, regardless of race or country, to reach a consensus.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: uneng on January 11, 2023, 05:03:15 AM
However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.
You can't just move to another country because of bitcoin, unless you really have a big hidden fortune that can make you retire.
A hidden fortune of if the person gets paid in bitcoin for his work, so it might be interesting to become a digital nomad and live abroad, in case his native country has a harsh approach to bitcoin enthusiasts. It's not necessary to move to a country where life is expensive, though. I believe there are potential friendly countries to bitcoin for every incomes' sizes. Moreover, a country which is hostile to btc is also hostile regards another aspects of the society, without any doubts, so it's definitely not a good place to live in.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Fara Chan on January 11, 2023, 05:46:07 AM
So far, in some countries/governments, no one can ban cryptocurrency completely, maybe in some countries there are those who prohibit it from making purchases/payments and adoption, but they certainly don't prohibit trading, given the many benefits generated for the government through taxes from cryptocurrencies. and even if the government could ban Bitcoin of course many countries would ban Bitcoin.

Bitcoin cannot be banned completely, we can be sure that if they are able to do so, of course they will ban it, and the only way for them to not allow Cryptocurrency is by not legalizing it (Illegalized).


Title: Re: Bitcoin can be banned or stopped by governments
Post by: laurenB7742 on January 11, 2023, 05:53:25 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
If Bitcoin could have been banned or restricted it would have been done. Even if the powerful countries of the world gather, it will not be able to control it in any way. This is the main advantage that Bitcoin took no time to establish itself today. No one can stop or ban it even if they want, because there is no control. When the governments of different countries were able to understand these issues, they looked at the aspect of not banning it but how it is possible to collect the revenue of that country. Due to various government restrictions in most countries, Bitcoin cannot be bought and sold directly, but many people are involved in it indirectly. What is important is how to implement something good through it without thinking of banning it.


So far, bitcoin cannot be banned and/or restricted as all governments never unite, but if in case all unite then blocking bitcoin will be super easy. You need to remember that bitcoin is run by the internet and energy, both are controlled by the government, if they are united in their determination to get rid of bitcoin, then that will be the end of bitcoin. But luckily that is unlikely, since the interests of each government are different, they will never become 1. And banning bitcoin won't benefit them instead of regulation, tax is what they covet.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Riodarvg on January 11, 2023, 06:08:01 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Banning Bitcoin will not be easy, nor will it be completely banned. Each country's government has a different attitude towards Bitcoin. Although some countries have restrictions on the use of Bitcoin, more and more countries believe that Bitcoin is beneficial to the country's economic development and begin to study and adopt it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Oasisman on January 11, 2023, 06:19:15 AM
I don't mean to be rude or anything of course, but I am really curious to know... How can bitcoin be banned ? I mean, in general, let's say that you wanted to ban bitcoin, what would you need to do ?

Basically, you can't ban something that you cannot control. The government nor any private establishments don't have control over Bitcoin. That is what explains why some governments are so afraid and hate Bitcoin.
They can prohibit Bitcoin exchanges and local custodial wallets in an effort to prevent Bitcoin, but still people can transact online using the international platform and store Btc in their cold wallets.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: xSkylarx on January 11, 2023, 06:51:13 AM
However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.
You can't just move to another country because of bitcoin, unless you really have a big hidden fortune that can make you retire.

It would be easy to say that if you have wealth, you can just move to another country; let's say you own a ton of bitcoins; then, moving to any country as long as your visa and passport are approved, you can move immediately; but if you are just a simple citizen living on a minimum wage and barely surviving, I believe it will take time. You have nothing to do but accept what the government will do and try not to get caught or follow their policies.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: NicNacCoin on January 11, 2023, 11:50:18 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Bitcoin has spread around the world in such a way that even the governments of different countries cannot ban this Bitcoin. Recently, only a few countries have legalized Bitcoin, while all other countries remain against Bitcoin. So from here it can be said that if it could be stopped, it would have stopped Bitcoin by now. Only one miracle can stop bitcoin and that is to cut off electricity from the whole world and shut down the internet system only then can ban bitcoin from the whole world. And this impossible event will never happen and Bitcoin will not be banned from the world. However, the price will go up and down over time.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Vampobit on January 11, 2023, 01:45:53 PM
I don't mean to be rude or anything of course, but I am really curious to know... How can bitcoin be banned ? I mean, in general, let's say that you wanted to ban bitcoin, what would you need to do ?

Basically, you can't ban something that you cannot control. The government nor any private establishments don't have control over Bitcoin. That is what explains why some governments are so afraid and hate Bitcoin.
They can prohibit Bitcoin exchanges and local custodial wallets in an effort to prevent Bitcoin, but still people can transact online using the international platform and store Btc in their cold wallets.


Exactly! that is my point! And taking it one step further, it is also the true reason behind Satoshi's hidden identity. Nobody knows the founder and at the same time, nobody can control it. Bitcoin is simply brilliant!


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Razmirraz on January 11, 2023, 03:43:06 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
Bitcoin and other Cryptocurrency are very often discussed in almost all parts of the country,
Some countries have their own way of dealing with Bitcoin. El Salvador for example, this country has legalized Bitcoin as a means of payment. While the status of Bitcoin in several other countries is only as an investment asset, not as a means of payment.
India is a Sovereign country, they have their own laws, they don't need to get support from other countries or global help to make decisions to ban Cryptocurrency in their country.

The Indian government should be able to think positively, Cryptocurrency can be used as a support for state revenue. Cryptocurrency can be used as commodity assets, Bitcoin and other Cryptocurrency may only be traded legally, not as a means of payment. The Indian government can profit from every transaction that occurs.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Odusko on January 11, 2023, 08:06:29 PM
I believe the only way for governments to stop bitcoin would be to ban internet. Since it's not possible, it's also impossible for them to stop bitcoin. There can be bans, regulations, negative propaganda, FUD, censorship, although it's nevery going to be sufficient to completely prevent citizens from using bitcoin. Fortunately for citizens from strict countries, centralization has its limitations, so they can still enjoy their experience dealing with bitcoin on the internet. However, due to the risks involved in doing so when residing a hostile country to bitcoin, it's advised that enthusiasts think about the possibility of moving themselves to a bitcoin-friendly country, so they can live in peace without constant fear and paranoia of retaliations from the state.
Once there is internet then bitcoin transactions can take place, so the internet is the engine room for bitcoin transactions and any country that will want to totally ban Bitcoin will have to disconnect from the internet totally which is somehow impossible so that the best any country can do is to regulate Bitcoin services.
Such services like exchanges and other payment gateway can be regulated but not bitcoin so everyone around the world has the freedom to hold bitcoin without any interference from third-party such as the government or bank.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: dezoel on January 11, 2023, 09:28:20 PM
Bitcoin can still be banned even if all governments on each country won't join forces. I search the status of BTC in India and I found out that it is legal but it says they are not regulated. This doesn't sound really bad I guess? And it can be normal since Bitcoin is decentralized. Plus, regulating it could kill its decentralized factor but in exchange of it is cyber criminals could be reduced.

Regulations do still have their own benefits. Another interesting fact is that BTC in India is 30% taxable. I think this was high but I wonder how it is possible when it is already given that BTC on their country is not regulated? Hmm but this should be enough reason for them to not ban Bitcoin forever.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Cyber_Alien on January 12, 2023, 10:52:53 AM
That is not the case. I don't believe governments in all countries can agree on a ban on Bitcoin. If one country sees it as a problem, others see it as a solution. Individual countries can prohibit their citizens from participating in the Bitcoin network, but this is rarely the case because people will always find a way to participate. Twitter was suspended in my country in 2019 or 2020, I can't remember which year, but people still have access by using a VPN to connect to Twitter. A country's only option for getting rid of Bitcoin is to cut off internet access. If there is no internet access, I don't believe people will be able to participate in Bitcoin, but there is still the option of traveling outside of the country to any country that has legalized or adopted Bitcoin as legal tender, If you so desire.As a result, a country cannot permanently ban Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: jrrsparkles on January 12, 2023, 11:46:31 AM
Whenever I hear government is banning bitcoin this picture comes to my mind immediately. :P

https://i.imgur.com/VYT9o1S.jpg

And this is the result when someone criticizing a new technology or anything with no knowledge at all and I think we should make this picture viral again with some hastags and make those stupid leaders realize what they are doing.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Tony116 on January 12, 2023, 11:58:29 AM
Whenever I hear government is banning bitcoin this picture comes to my mind immediately. :P


And this is the result when someone criticizing a new technology or anything with no knowledge at all and I think we should make this picture viral again with some hastags and make those stupid leaders realize what they are doing.

They are not stupid to ban bitcoin because it is decentralized, and if it becomes widespread, it means their power is at stake, so it is understandable that they are trying to stop bitcoin for a reason. The same way we know that fiat is what controls us, we are seeking ways to be less dependent on them as well. But I believe governments have started to stop wanting to ban bitcoin and instead regulate it, as they won't easily ignore a huge tax from bitcoin investors.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: jrrsparkles on January 12, 2023, 03:03:29 PM
Whenever I hear government is banning bitcoin this picture comes to my mind immediately. :P


And this is the result when someone criticizing a new technology or anything with no knowledge at all and I think we should make this picture viral again with some hastags and make those stupid leaders realize what they are doing.

They are not stupid to ban bitcoin because it is decentralized, and if it becomes widespread, it means their power is at stake, so it is understandable that they are trying to stop bitcoin for a reason. The same way we know that fiat is what controls us, we are seeking ways to be less dependent on them as well. But I believe governments have started to stop wanting to ban bitcoin and instead regulate it, as they won't easily ignore a huge tax from bitcoin investors.

Many governments tried to ban bitcoin n number of times for example China atleast banned bitcoin 10 times then only they realised they really can't and implemented lot of restrictions and managed to ban bitcoin mining to some extent.

Still there are list of countries where bitcoin is completely banned that is what the picture represent. Later they realised it's not possible to ban so they're implementing huge tax rates so they can discourage people from involving cryptocurrency assets and trading then which is not going to work forever in ny opinion, if governments keep enforcing unfair tax rates then people will find a way to bypass it legally or illegally.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Jet Cash on January 12, 2023, 03:23:58 PM
Bitcoin is a massive store of wealth for the puppet masters, so it will never be banned. A bigger threat comes from their massive holdings. Fortunately we can still trade in Satoshi, even if a Bitcoin has become too valuable.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: cr1776 on January 12, 2023, 03:29:24 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

They can try, but eventually people who don't want to be under the thumb of the control-freak authoritarians around the world (socialist, fascist, communist, whatever the stripe) will just remain in bitcoin and not have to deal with them. 

I would also add that it seems unlikely that "all" governments will agree to ban bitcoin.  Some will see the benefit to not doing so and competition will force others to follow.

Think about the systems or political parties in the countries/states/regions trying to (in some cases repeatedly) ban bitcoin:  China.  New York.  India.  All want to control people and don't trust people to make decisions for themselves. 

Which side of history do people want to be on?  The one advocating for freedom and liberty, or the one advocating for statism, authoritarianism, totalitarianism, and control?


Title: Re: Bitcoin can be banned or stopped by governments
Post by: CryptoBuds on January 12, 2023, 05:05:46 PM
Whenever I hear government is banning bitcoin this picture comes to my mind immediately. :P


And this is the result when someone criticizing a new technology or anything with no knowledge at all and I think we should make this picture viral again with some hastags and make those stupid leaders realize what they are doing.

They are not stupid to ban bitcoin because it is decentralized, and if it becomes widespread, it means their power is at stake, so it is understandable that they are trying to stop bitcoin for a reason. The same way we know that fiat is what controls us, we are seeking ways to be less dependent on them as well. But I believe governments have started to stop wanting to ban bitcoin and instead regulate it, as they won't easily ignore a huge tax from bitcoin investors.

Many governments tried to ban bitcoin n number of times for example China atleast banned bitcoin 10 times then only they realised they really can't and implemented lot of restrictions and managed to ban bitcoin mining to some extent.

Still there are list of countries where bitcoin is completely banned that is what the picture represent. Later they realised it's not possible to ban so they're implementing huge tax rates so they can discourage people from involving cryptocurrency assets and trading then which is not going to work forever in ny opinion, if governments keep enforcing unfair tax rates then people will find a way to bypass it legally or illegally.

Currently, the tax rate that governments are applying to people who make money in crypto is quite high, I have seen most of them at 20% or higher. If this continues, it will only backfire and bring them no benefit. Finding a return when investing in bitcoin is not always easy or will always yield high returns, so overtaxing will backfire as investors seek to evade taxes. The government is greedy, or as you say, they are deliberately levying high taxes to get investors to abandon crypto without issuing any ban.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: BITCOIN4X on January 12, 2023, 05:26:25 PM
Currently, the tax rate that governments are applying to people who make money in crypto is quite high, I have seen most of them at 20% or higher. If this continues, it will only backfire and bring them no benefit. Finding a return when investing in bitcoin is not always easy or will always yield high returns, so overtaxing will backfire as investors seek to evade taxes. The government is greedy, or as you say, they are deliberately levying high taxes to get investors to abandon crypto without issuing any ban.
The plan has been implemented in my country and I have to pay a few percent in taxes when buying and selling on government licensed exchanges. To be honest I sometimes feel angry over the deducted amount because it is deducted per buy/sell transaction, obviously I would say such a tax regulation is a form of greed of the current government.

Governments are not going to ban it mainly because they are aware that there is state revenue expected from investors and traders instead of banning it completely. Not surprisingly, high taxes were a way to get a lot of state revenue without ban it from being traded.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: 8rch7 on January 12, 2023, 05:45:16 PM
The plan has been implemented in my country and I have to pay a few percent in taxes when buying and selling on government licensed exchanges. To be honest I sometimes feel angry over the deducted amount because it is deducted per buy/sell transaction, obviously I would say such a tax regulation is a form of greed of the current government.

Governments are not going to ban it mainly because they are aware that there is state revenue expected from investors and traders instead of banning it completely. Not surprisingly, high taxes were a way to get a lot of state revenue without ban it from being traded.
Our countries not implemented about fees deduction only when buying or selling but also have adopted with fee deposit local currency transaction, when making deposit from bank account get deduction about 1% until 2% and we loss assets first time beginning trade in cryptocurrency without entry for investing or trading.

I angry with rule and tax regulation implemented by government without discussing and give positive viewed for user or member when use local exchange market for trading. Need new regulation about cryptocurrency tax not make trader or investor in cryptocurrency faced heavy for paying taxes each time transaction.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: serjent05 on January 12, 2023, 08:26:15 PM
Government can ban Bitcoin but it cannot stop its network from running.  To support that, the government had been hunting and trying to shut down torrent sites and p2p sharing of files because it violates the law that protects artists but the government terribly failed in doing so.  It is almost impossible for a government to stop decentralized services in the internet because people who are involved in this process are scattered everywhere around the globe.

So Bitcoin having a decentralized nature can surely continue to operate despite strong resistance from the certain governments.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Vaskiy on January 12, 2023, 09:07:42 PM
Government can ban Bitcoin but it cannot stop its network from running.  To support that, the government had been hunting and trying to shut down torrent sites and p2p sharing of files because it violates the law that protects artists but the government terribly failed in doing so.  It is almost impossible for a government to stop decentralized services in the internet because people who are involved in this process are scattered everywhere around the globe.

So Bitcoin having a decentralized nature can surely continue to operate despite strong resistance from the certain governments.
Being decentralized makes bitcoin network to continue running amidst the opposition from governments and other organizations. Even with the laws government was able to restrict the people from using it. Everywhere there are loop holes and people are well aware about it, and continue using it amidst the legality within the country. So the network can't be controlled or stopped by the government as mentioned above.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: serveria.com on January 12, 2023, 09:16:02 PM
Theoretically it can be banned worldwide. Practically it cannot.

What does it mean?

Nothing has ever been banned worldwide. In some countries you cannot own weapons, in others you can own machine guns. In some countries you can't drink alcohol outside, in others you can, in some countries you have speed limits for cars, but there are countries where there are no limits on certain roads.


Well, yes and no. If the US would ban Bitcoin that would be a great challenge for Bitcoin. US are notorious for banning entire nations from, say, using dollars for trade. If they'd ban bitcoin that would mean most probably you couldn't cash out (at least Bitcoin > USD) as sanctions would be immediately placed on banks processing these transactions. That would be a real black swan event for BTC.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Maximo Spohn on January 13, 2023, 08:52:13 AM
The government can only prohibit the exchange of bitcoins from various countries, and there is no other way. When Bitcoin was low-key before, the government thought it had no threat and did not take any measures. Now Bitcoin is so powerful that the government has no influence on it. They can only try to stop Bitcoin by adding one pointless law after another. On the one hand, the government is resisting Bitcoin, and on the other hand, it is frantically learning blockchain knowledge. "They" are as contradictory as ever.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: CryptoBuds on January 13, 2023, 09:53:31 AM
Currently, the tax rate that governments are applying to people who make money in crypto is quite high, I have seen most of them at 20% or higher. If this continues, it will only backfire and bring them no benefit. Finding a return when investing in bitcoin is not always easy or will always yield high returns, so overtaxing will backfire as investors seek to evade taxes. The government is greedy, or as you say, they are deliberately levying high taxes to get investors to abandon crypto without issuing any ban.
The plan has been implemented in my country and I have to pay a few percent in taxes when buying and selling on government licensed exchanges. To be honest I sometimes feel angry over the deducted amount because it is deducted per buy/sell transaction, obviously I would say such a tax regulation is a form of greed of the current government.

Governments are not going to ban it mainly because they are aware that there is state revenue expected from investors and traders instead of banning it completely. Not surprisingly, high taxes were a way to get a lot of state revenue without ban it from being traded.

A few percent is acceptable because it's not too big, and in return, you will be protected by the government, unfortunate cases like FTX won't be able to harm you. Personally, I am willing to pay taxes, but I need a fair, moderate tax rate like other professions, not a tax that is too high because paying taxes is the duty of citizens to help the country develop. But in return, we get benefits, not they collect our taxes without responsibility.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: crunck on January 13, 2023, 11:37:36 AM
The government can only prohibit the exchange of bitcoins from various countries, and there is no other way. When Bitcoin was low-key before, the government thought it had no threat and did not take any measures. Now Bitcoin is so powerful that the government has no influence on it. They can only try to stop Bitcoin by adding one pointless law after another. On the one hand, the government is resisting Bitcoin, and on the other hand, it is frantically learning blockchain knowledge. "They" are as contradictory as ever.

That is not true, they still have an influence on bitcoin, they won't be able to ban bitcoin outright but to restrict it shouldn't be difficult for them. But banning bitcoin today is not in their favor, so instead, they will find a way to impose regulation on it, once there is regulation, bitcoin will be heavily restricted, and no one but us will be disadvantaged.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on January 13, 2023, 01:35:55 PM
If governments could ban Bitcoin, they would have done it by now.

They can still ban it completely through centralized exchanges. By cutting off people's access to BTC with Fiat, it will be much harder for the cryptocurrency to be used at a large scale worldwide. The only solution would be to acquire BTC in person or through a decentralized exchange. But if Bitcoin is declared illegal for mainstream use, then people will think twice before using other methods to buy it with Fiat. They could easily face fines, jail time, or execution (depending on the country).

At least we know that not all countries of the world will turn themselves against Bitcoin. Some will support it, while others will reject it. As long as there's some level of support for BTC, we can be sure it won't go away anytime soon. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Nrcewker on January 13, 2023, 01:42:19 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Government cannot ban bitcoins. If they were able to, then by now you would have been running here and there to the banks. The reason for which government cannot ban Bitcoins is that due to the decentralised nature of the coin. Due to this, no other person or organisation can know how many Bitcoins I am holding or have in my wallet. But yes they can ban or blocklist the exchanges for which we won’t be able to cash out the Bitcoins through exchanges. But guess what! We have always P2P deals available in order to encounter this. Hope this helps you OP to understand the things better.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: borovichok on January 13, 2023, 04:28:33 PM
Government cannot ban bitcoins. If they were able to, then by now you would have been running here and there to the banks. The reason for which government cannot ban Bitcoins is that due to the decentralised nature of the coin. Due to this, no other person or organisation can know how many Bitcoins I am holding or have in my wallet. But yes they can ban or blocklist the exchanges for which we won’t be able to cash out the Bitcoins through exchanges. But guess what! We have always P2P deals available in order to encounter this. Hope this helps you OP to understand the things better.
P2P made buying and selling of coins easier with good exchanges. Banning of Bitcoins is impossible because there are still other means Bitcoin operation can be carried out, it's users making transactions daily and it's massive, with the aides of exchanges. Bitcoin operation can be prohibited in some certain extents but can't be ban, the government can not ruled out the multitude choice but they can reduce it, looks like when the government tried even harder to put an end to it, that's the more privileged people are getting more educated on bitcoin and how it operates.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Iranus on January 13, 2023, 04:43:16 PM
If governments could ban Bitcoin, they would have done it by now.

They can still ban it completely through centralized exchanges. By cutting off people's access to BTC with Fiat, it will be much harder for the cryptocurrency to be used at a large scale worldwide. The only solution would be to acquire BTC in person or through a decentralized exchange. But if Bitcoin is declared illegal for mainstream use, then people will think twice before using other methods to buy it with Fiat. They could easily face fines, jail time, or execution (depending on the country).

At least we know that not all countries of the world will turn themselves against Bitcoin. Some will support it, while others will reject it. As long as there's some level of support for BTC, we can be sure it won't go away anytime soon. Who knows what the future holds for the cryptocurrency? Just my thoughts ;D

Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.

Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ryu_Ar1 on January 13, 2023, 04:49:29 PM
Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.

Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.
Well, isn't it already in some countries that prohibit it but for now bitcoin still exists and I think this is only made to make it as fud and does not rule out countries that prohibit it only to weaken it in terms of price so when it goes down they can buy it pretty cheap and re-legalize it.
We already know several examples such as China which continues to try and even change regulations regarding legal and illegal several times but still things like that don't really have much effect on crypto lovers because developments on this matter are still ongoing and bigger.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Hamza2424 on January 13, 2023, 05:06:09 PM
Well, dear, this statement can't be ignored as far as I know yes the centralized finance institutions always try to damage the crypto reputation on a social level, and somehow they are successful until now as they always do manipulate the market and our emotions too. For the latest updates, Gemini and Genesis are trying to manipulate the market and for the long run they going to affect the market badly. 


Title: Re: Bitcoin can be banned or stopped by governments
Post by: panganib999 on January 13, 2023, 07:50:12 PM
If governments could ban Bitcoin, they would have done it by now.

Indian government (maybe other also)  say that " to ban cryptocurrency we need global help"
Good luck with that.

The real question is: why are governments so afraid of Bitcoin (AKA money they don't control and can't print)? Think about it, and you'll find the reason why I like Bitcoin.
They did, China for one have completely shut off cryptocurrency usage within their country AFAIK, and everyone who will be found mining or generating cryptocurrencies in their households are subjected to prison or other grave punishments. So yes, they are very much capable of banning usage of bitcoin. Although I must agree with your statement, they need sheer luck and a ton of money and support from all the other countries in order to successfully shut off bitcoin, which is certainly not gonna happen, not when measures are being taken to regulate its usage anyway.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Popkon6 on January 13, 2023, 08:20:05 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin


In fact, if the government could, it would have banned it by itself.  But what will happen if the government bans, everything is in the hands of the people.  Like Bitcoin is banned in our country but we are using it secretly.  Bitcoin has spread across the world in such a way that it can never be eradicated.
People are now leaning towards the modern age.  Meanwhile, the use of paper money has increased the amount of money online.  At this time, if the government wants to stop this bitcoin, then the internet system has to be down from all over the world.  Then Bitcoin may be banned.  But this is not possible for governments in any way which is why Bitcoin will never stop.  If the government wants to, the state director government of the country can ban Bitcoin in that area.  But people will use it secretly it can never be denied like Bitcoin is illegal in our country but we have been using it secretly.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Issa56 on January 13, 2023, 09:12:40 PM
How will they ban what they can see, most government are against bitcoin and they have all tried to ban bitcoin but its impossible for them, most countries have threatened their citizens not to use bitcoin again but they can't just stop bitcoin. Recently in my country, the central bank asked all banks to block people's accounts that is linked to bitcoin transaction or cryptocurrency, but they failed, people didn't stop buying bitcoin, Infact it was just like the ban placed created more awareness for people.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: SmartCharpa on January 14, 2023, 05:53:21 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Not only in India, but in the majority of other nations as well, governments make attempts to do so but are unsuccessful because they are unable to do so. How could they outright outlaw something that is obvious to them, and bitcoin has saved many communities? Instead, governments around the world are only making noise in an attempt to instill a small amount of fear in the populace.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: S A KHAIR on January 14, 2023, 06:01:05 AM
It can be seen that so far the government has not been able to ban bitcoin and they have not tried enough, so whether they can completely ban bitcoin is still a question mark. But if they decide to ban it completely it is also very difficult and laborious, I think they will not waste any effort with bitcoin. Instead, they will enact regulations that are more favorable to them, and governments are doing just that.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: LoyceV on January 14, 2023, 07:52:13 AM
They did, China for one have completely shut off cryptocurrency usage within their country AFAIK, and everyone who will be found mining or generating cryptocurrencies in their households are subjected to prison or other grave punishments. So yes, they are very much capable of banning usage of bitcoin. Although I must agree with your statement, they need sheer luck and a ton of money and support from all the other countries in order to successfully shut off bitcoin, which is certainly not gonna happen, not when measures are being taken to regulate its usage anyway.
China is a special case. Their Great Firewall gives them a level of control most governments can only dream of. If that's what it takes to ban Bitcoin, we have much bigger things to worry about.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Iranus on January 14, 2023, 03:20:07 PM
Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.

Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.
Well, isn't it already in some countries that prohibit it but for now bitcoin still exists and I think this is only made to make it as fud and does not rule out countries that prohibit it only to weaken it in terms of price so when it goes down they can buy it pretty cheap and re-legalize it.
We already know several examples such as China which continues to try and even change regulations regarding legal and illegal several times but still things like that don't really have much effect on crypto lovers because developments on this matter are still ongoing and bigger.

China has completely banned bitcoin, but there are still many Chinese investors who are still active, there will be people who are against the ban even though they are not the majority.

Today, the market is recovering, and the total market cap has just reached 1 trillion, and the capitalization of bitcoin is over 300 billion. It can be said that this is too small a number for a national economy like China, bitcoin capitalization is smaller than 1 of their business, so there is no reason for them to bother finding a ban and legalizing it just to buy cheap prices. Bitcoin is not big enough to impact a large country economically.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ryu_Ar1 on January 14, 2023, 04:17:29 PM
Well, isn't it already in some countries that prohibit it but for now bitcoin still exists and I think this is only made to make it as fud and does not rule out countries that prohibit it only to weaken it in terms of price so when it goes down they can buy it pretty cheap and re-legalize it.
We already know several examples such as China which continues to try and even change regulations regarding legal and illegal several times but still things like that don't really have much effect on crypto lovers because developments on this matter are still ongoing and bigger.

China has completely banned bitcoin, but there are still many Chinese investors who are still active, there will be people who are against the ban even though they are not the majority.

Today, the market is recovering, and the total market cap has just reached 1 trillion, and the capitalization of bitcoin is over 300 billion. It can be said that this is too small a number for a national economy like China, bitcoin capitalization is smaller than 1 of their business, so there is no reason for them to bother finding a ban and legalizing it just to buy cheap prices. Bitcoin is not big enough to impact a large country economically.
Even if it's like that, it's not a guarantee that they will ban it forever.
We may even know how many times there have been some regulatory changes to legalizing or illegalizing bitcoins in recent years.

As for those who have bigger economic conditions I think as long as they have the thought of buying bitcoins at cheap prices why not because regardless of what I use your words even though in China it has been banned but there are still a handful of people who are still in Crypto and it is possible that there will be several people with high ranks not because we also don't know what is there as a whole because information about China is sometimes always limited.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Smack That Ace on January 14, 2023, 04:27:56 PM
Well, isn't it already in some countries that prohibit it but for now bitcoin still exists and I think this is only made to make it as fud and does not rule out countries that prohibit it only to weaken it in terms of price so when it goes down they can buy it pretty cheap and re-legalize it.
We already know several examples such as China which continues to try and even change regulations regarding legal and illegal several times but still things like that don't really have much effect on crypto lovers because developments on this matter are still ongoing and bigger.

China has completely banned bitcoin, but there are still many Chinese investors who are still active, there will be people who are against the ban even though they are not the majority.

Today, the market is recovering, and the total market cap has just reached 1 trillion, and the capitalization of bitcoin is over 300 billion. It can be said that this is too small a number for a national economy like China, bitcoin capitalization is smaller than 1 of their business, so there is no reason for them to bother finding a ban and legalizing it just to buy cheap prices. Bitcoin is not big enough to impact a large country economically.
Even if it's like that, it's not a guarantee that they will ban it forever.
We may even know how many times there have been some regulatory changes to legalizing or illegalizing bitcoins in recent years.

As for those who have bigger economic conditions I think as long as they have the thought of buying bitcoins at cheap prices why not because regardless of what I use your words even though in China it has been banned but there are still a handful of people who are still in Crypto and it is possible that there will be several people with high ranks not because we also don't know what is there as a whole because information about China is sometimes always limited.

I believe all governments will not be able to ban bitcoin forever, including China. Simply because of taxes, with the rapid growth of bitcoin, it is almost certain that bitcoin will grow bigger and bigger, and if they still want to continue to ban it, it will only take more effort, time, and money. Meanwhile, they can legalize and regulate it so they can earn a huge tax. Whether bitcoin is good or bad in the eyes of the government, it is less important than the tax they will collect from it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: 8rch7 on January 15, 2023, 07:47:26 AM
It can be seen that so far the government has not been able to ban bitcoin and they have not tried enough, so whether they can completely ban bitcoin is still a question mark. But if they decide to ban it completely it is also very difficult and laborious, I think they will not waste any effort with bitcoin. Instead, they will enact regulations that are more favorable to them, and governments are doing just that.
Even though the government says bitcoin can disrupt the domestic payment system, money laundering and has no intrinsic value, but all the reasons issued by the government can't stop bitcoin, even bitcoin is increasingly popular and more and more loved by almost all people, it's true as you say now the government is doing ways to take advantage of crypto assets, the proof is that the Chinese government has carried out a massive ban on cryptocurrencies, but the Chinese government cannot prohibit their people from adopting bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Sakanwa on January 15, 2023, 01:56:29 PM
It very rare for government to put a stop to bitcoin,reason been that so many of the government officials do use it and so many great business men and women do use it too.
I guess the government has seen something in it that they want to stop it but that not really the ideas to stop bitcoin I guess! Well think it amines of extracting capitals from them so as to threaten them that the want to put an end to bitcoin.
Bitcoin cannot be stop by government but only those that are in the central power to stop it.
We need to figure out the need and aim of the government towards the ban of bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Oceat on January 15, 2023, 03:13:17 PM
It very rare for government to put a stop to bitcoin,reason been that so many of the government officials do use it and so many great business men and women do use it too.
I guess the government has seen something in it that they want to stop it but that not really the ideas to stop bitcoin I guess! Well think it amines of extracting capitals from them so as to threaten them that the want to put an end to bitcoin.
Bitcoin cannot be stop by government but only those that are in the central power to stop it.
We need to figure out the need and aim of the government towards the ban of bitcoin.
It's clear that they really don't like how some third-party interfere with their own money. I think it's not the government but the people who are working on the government got tired of having the higher-ups control everything and the worst part they would take everything from you. And most likely the one that spread these FUDS are the people working from the banks.

Now, let's talk about how all of the government in the whole world will agree to each other and make a choice to ban/stop Bitcoin when there are conflict that isn't done yet that started a long time ago yet it still continue till this day.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: ilovealtcoins on January 15, 2023, 04:27:52 PM
We are not the government, so we can't know exactly if they can ban bitcoin, but some governments have tried to ban bitcoin in the past but still failed and faced a lot of difficulties. So it can be said that banning bitcoin is very difficult.
But today, governments are gradually accepting bitcoin more because they have seen benefits from it, and they are setting regulations for it instead of banning it outright.






Title: Re: Bitcoin can be banned or stopped by governments
Post by: macson on January 15, 2023, 04:40:57 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
parable of the government and central bank trying to ban cryptocurrency, especially bitcoin.

https://i.imgur.com/9pqZQXb.png
source >>> google

the government may be able to intervene in cryptocurrency exchange platforms, and centralized altcoins but intervening in bitcoin is an impossibility.  already millions of people who love bitcoin, if you want to turn off bitcoin then the government must restart millions of people's minds :D


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Dr.Bitcoin_Strange on January 15, 2023, 09:10:32 PM
I was about to skip this thread after reading through it, but a thought just rang in my head. 

According to what Franky (https://bitcointalk.org/index.php?topic=5432870.msg61538544#msg61538544) said, if all governments globally agree to stop Bitcoin, it will go brown and not permanently dark. 

I think Bitcoin is too powerful to be stopped. That moment when the government will try to stop it, at first it may trigger fear and a quick sell off, but then there will be more whales to buy and after some time, Bitcoin will be a bit scace, so by the time the fear is reducing, people will begin to buy back, which will top up the price. 

In a simple sentence, if Bitcoin is forced-ban globally, it will only last for a while, and when it bounces back, the price is going to double.

Op, I don't believe Bitcoin can be stopped globally; the ban can only be effective in some countries.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on January 15, 2023, 11:27:11 PM
Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.

Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.

I sure hope governments and crypto industry leaders work together to make our world a better place. A full ban from worldwide countries, would certainly stifle Bitcoin's ability to reach the masses. I'm pretty sure most governments will regulate the industry, instead of going against it. As long as they're able to tax Bitcoin, there should be nothing to worry about.

I think governments will eventually admit that Bitcoin cannot be stopped no matter what. We can thank Satoshi and the rest of the Bitcoin community for keeping it as decentralized and censorship-resistant as possible. If Bitcoin was centralized, it would've been doomed by now. Who knows if it gets to live alongside Fiat for generations? Just my thoughts ;D


Title: Re: Bitcoin can be banned or stopped by governments
Post by: romero121 on January 15, 2023, 11:38:48 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
parable of the government and central bank trying to ban cryptocurrency, especially bitcoin.

https://i.imgur.com/9pqZQXb.png
source >>> google

the government may be able to intervene in cryptocurrency exchange platforms, and centralized altcoins but intervening in bitcoin is an impossibility.  already millions of people who love bitcoin, if you want to turn off bitcoin then the government must restart millions of people's minds :D
In a simple image the reality is well explained. It isn't an easy think as the governments think. Maybe in the early days if they have planned to stop its usage, the governments might've got an opportunity. Now scenario is different and people are well aware of the need and they keep on making loopholes even if something is done outright to stop its usage.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ryu_Ar1 on January 16, 2023, 08:16:10 PM
Even if it's like that, it's not a guarantee that they will ban it forever.
We may even know how many times there have been some regulatory changes to legalizing or illegalizing bitcoins in recent years.

As for those who have bigger economic conditions I think as long as they have the thought of buying bitcoins at cheap prices why not because regardless of what I use your words even though in China it has been banned but there are still a handful of people who are still in Crypto and it is possible that there will be several people with high ranks not because we also don't know what is there as a whole because information about China is sometimes always limited.

I believe all governments will not be able to ban bitcoin forever, including China. Simply because of taxes, with the rapid growth of bitcoin, it is almost certain that bitcoin will grow bigger and bigger, and if they still want to continue to ban it, it will only take more effort, time, and money. Meanwhile, they can legalize and regulate it so they can earn a huge tax. Whether bitcoin is good or bad in the eyes of the government, it is less important than the tax they will collect from it.
I thought so too but indeed for now it seems a bit inconvenient because when there is fud it is clear that China has always been the country most often in my opinion making some things that can actually have an impact regardless of anything.
But on the other hand see some discussion about china like the thread Bitcoin & China time to time waving History (https://bitcointalk.org/index.php?topic=5434800.0)
Quote
the high cost of electricity for the miners and discouraging new firms in this field are unsatisfying. China always manipulated and triggered some policies on Bitcoin during the bull run. China was 50%+ Mining Hub of the Bitcoin network but due to time-to-time, changes in policies currently china is contributing 22% to the Bitcoin network.
With such a high mining rate for them I think china is still a bit wary of the electricity supply they are spending even though it's clear the taxes are going to be something profitable and I think even if they re-legalize bitcoin in the end their manipulation will still be the same as year after year previously.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: WatChe on February 02, 2023, 09:22:05 AM
In a simple image the reality is well explained. It isn't an easy think as the governments think. Maybe in the early days if they have planned to stop its usage, the governments might've got an opportunity. Now scenario is different and people are well aware of the need and they keep on making loopholes even if something is done outright to stop its usage.

Can government completely ban Bitcoin or not? To find answer to this question one must consult Bitcoin Whitepaper, on very first line we find this:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." Bitcoin Whitepaper (https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf)

Bitcoin was designed from scratch to overcome limitations of existing financial system, where every transaction has to go through a central authority for approval. Since there is no central authority in Bitcoin then how can it be banned ? Go through Bitcoin whitepaper and we can find answer that why governments are againest it and why it cant be banned.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on February 03, 2023, 01:40:07 PM
Can government completely ban Bitcoin or not? To find answer to this question one must consult Bitcoin Whitepaper, on very first line we find this:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." Bitcoin Whitepaper (https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf)

Bitcoin was designed from scratch to overcome limitations of existing financial system, where every transaction has to go through a central authority for approval. Since there is no central authority in Bitcoin then how can it be banned ? Go through Bitcoin whitepaper and we can find answer that why governments are againest it and why it cant be banned.

Bitcoin was designed to be a decentralized and censorship-resistant cryptocurrency. It cannot be stopped no matter what. But that would depend on how far the community is willing to keep Bitcoin that way. If decentralization is compromised sometime in the future, you can say goodbye to Bitcoin for good. Remember what it's said in the real world: "The price of freedom is eternal vigilance". We must remain vigilant to protect Bitcoin from falling into the government's hands.

As long as it remains decentralized, Bitcoin will be able to reach the masses without any obstacles or shortcomings. All a person needs to access the Blockchain is an Internet connection (and a VPN if you're living in a country where BTC is banned like China). With how far Bitcoin has gone, it seems to me that it will last for generations. Just my opinion :)


Title: Re: Bitcoin can be banned or stopped by governments
Post by: lizarder on February 03, 2023, 02:36:16 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
If governments could ban Bitcoin they would have done it a long time ago as they want now. They don't really want to ban bitcoin, but rather want to regulate.

If you mean the ban imposed by the government of India and the regulations starting to re-enforce “Cryptocurrency and Legal Digital Currency Bill Regulations 2021”. So what exactly do they want to ban cryptocurrencies and create regulations. The answer is I think "Project self launch digital eye" and most countries prohibit and make regulations just for this purpose. If you look further, almost all countries don't really ban cryptocurrencies, they just want to regulate and control them like fiat.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: serjent05 on February 03, 2023, 03:37:34 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Government can ban people from using Bitcoin, thus banning Bitcoin in their premises but the government can never stop Bitcoin operations because it is too decentralized for the government to control.  Every individual can participate in Bitcoin operation thus it will be impossible for the government to impose its authority on the Bitcoin network.  They can just implement their authority to their constituents but not Bitcoin.  Besides, if the government has the power to stop decentralized services, they could have stop torrents and yet they failed to.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Marvell1 on February 03, 2023, 03:39:40 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
If governments could ban Bitcoin they would have done it a long time ago as they want now. They don't really want to ban bitcoin, but rather want to regulate.

If you mean the ban imposed by the government of India and the regulations starting to re-enforce “Cryptocurrency and Legal Digital Currency Bill Regulations 2021”. So what exactly do they want to ban cryptocurrencies and create regulations. The answer is I think "Project self launch digital eye" and most countries prohibit and make regulations just for this purpose. If you look further, almost all countries don't really ban cryptocurrencies, they just want to regulate and control them like fiat.

Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: nimogsm on February 03, 2023, 04:09:02 PM
Well,first of all there must be a reason for a complete ban, this is the first moment.If the government does not manage to control it and somehow influence the processes, it is only their personal problems.Users will continue to use it as long as there is an Internet.Only in the complete absence of communication and access to the network it is impossible to use it.But we understand that in the age of digital technology, this ban looks at least stupid and does not make any sense.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Z390 on February 03, 2023, 08:58:25 PM
The only way Bitcoin can be stopped is if every whales and investors all come together and decide to sell off all their Bitcoin without some part of the world willing to buy, create a massive panic fear and watching the value go all the way down but, this is impossible because there will always be some people who will want to buy from the old owners, it's already to late to stop Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: lizarder on February 04, 2023, 02:29:28 PM
Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.
They are always looking for reasons that regulation is a guarantee of user safety on the other hand they continue to issue crypto and bitcoin bans, from here we can see the relevance of these two points. So it can be concluded that they are not really banning bitcoin, but rather trying to control it systematically. While I don't want to go too far and assume what they want, it seems that so far they have failed to do so.

Because people increasingly understand that bitcoin decentralization in particular can provide a sense of security for the investments made, even though there are no regulations and any guarantees regarding risks, fluctuations and others, so these regulations can be said to be not too important.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: PhoenixZephyrus on February 04, 2023, 03:57:52 PM
I sure hope governments and crypto industry leaders work together to make our world a better place. A full ban from worldwide countries, would certainly stifle Bitcoin's ability to reach the masses. I'm pretty sure most governments will regulate the industry, instead of going against it. As long as they're able to tax Bitcoin, there should be nothing to worry about.

I think governments will eventually admit that Bitcoin cannot be stopped no matter what. We can thank Satoshi and the rest of the Bitcoin community for keeping it as decentralized and censorship-resistant as possible. If Bitcoin was centralized, it would've been doomed by now. Who knows if it gets to live alongside Fiat for generations? Just my thoughts ;D

I mean of all of the major forms of "currency" in the recent history of man, Bitcoin is the one with the most censorship resistance. Gold was better in this sense than fiat, but still not ideal because the very physical nature of gold made it difficult to transport and trade in, and susceptible to government intervention. Fiat is totally regulated by the government it is issued by, its completely centralized. Bitcoin isn't - but its not anonymous either - that is something a lot of people don't understand. Every transaction publicly available in the blockchain and allows forensic analysis. But at the network level, it is permission-less, there is no human intervention that decides if a transaction is allowed or not.
That is what makes Bitcoin censorship-resistant, and more so compared to other kinds of currency.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: mendace on February 04, 2023, 04:35:34 PM

I mean of all of the major forms of "currency" in the recent history of man, Bitcoin is the one with the most censorship resistance. Gold was better in this sense than fiat, but still not ideal because the very physical nature of gold made it difficult to transport and trade in, and susceptible to government intervention. Fiat is totally regulated by the government it is issued by, its completely centralized. Bitcoin isn't - but its not anonymous either - that is something a lot of people don't understand. Every transaction publicly available in the blockchain and allows forensic analysis. But at the network level, it is permission-less, there is no human intervention that decides if a transaction is allowed or not.
That is what makes Bitcoin censorship-resistant, and more so compared to other kinds of currency.

Bitcoin is considered the most censorship-resistant form of currency due to its decentralized nature and the absence of human intervention in the network that decides if a transaction is allowed or not. Unlike gold, it is easier to transport and trade and less susceptible to government intervention. Unlike fiat, it is not regulated by the government. However, it is not completely anonymous as every transaction is publicly available in the blockchain, allowing for forensic analysis.
Additionally, the use of cryptographic techniques in Bitcoin also adds an extra layer of security and protection against censorship. Transactions are verified through complex mathematical algorithms and are recorded in a transparent and public ledger, making it difficult for any single entity to manipulate or interfere with the network. This makes Bitcoin a preferred choice for individuals and organizations seeking a decentralized and censorship-resistant form of currency for their transactions.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: AnonBitCoiner on February 04, 2023, 04:46:11 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Cannot do this because Bitcoin is fully decentralized and they even don't know the creator of BTC then how then can ban BTC. China tried to ban BTC in their country but did not succeed. Government can only ban on crypto related transaction from credit card and bank but alternative of this P2P is available. So as far as I know it is not possible without damaging all Blockchain codes.
 Second only some country may be ready to do this but not all because two countries already adopted BTC as a legal payment then how they will help to ban crypto? If they do, they are shooting themselves in the foot. Banning Bitcoin is not solution. India already announced 30% tax on crypto so don't think they will in favor of banning BTC.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Z-tight on February 04, 2023, 05:01:44 PM
The only way Bitcoin can be stopped is if every whales and investors all come together and decide to sell off all their Bitcoin without some part of the world willing to buy, create a massive panic fear and watching the value go all the way down but, this is impossible because there will always be some people who will want to buy from the old owners, it's already to late to stop Bitcoin.
BTC cannot be stopped, it is not a cryptocurrency that is controlled by whales, i know there are altcoins that some whales control >70% of it, and when these few whales sell their coins, it causes fud and the altcoin will collapse. BTC isn't like that, BTC is a global currency and it isn't controlled by a few whales. I know there are bitcoiners that have a lot of BTC, but even if these whales sell their massive amounts of BTC, it won't stop the BTC network, it would only affect the price of BTC for sometime.

The only way BTC can be stopped is if someone or a few people or miners control more than 50% of the mining hashrate, but that isn't ever going to happen, BTC network is secured from collapse, it is only the price that can fluctuate.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: armanda90 on February 04, 2023, 07:25:25 PM
BTC cannot be stopped, it is not a cryptocurrency that is controlled by whales, i know there are altcoins that some whales control >70% of it, and when these few whales sell their coins, it causes fud and the altcoin will collapse. BTC isn't like that, BTC is a global currency and it isn't controlled by a few whales. I know there are bitcoiners that have a lot of BTC, but even if these whales sell their massive amounts of BTC, it won't stop the BTC network, it would only affect the price of BTC for sometime.

The only way BTC can be stopped is if someone or a few people or miners control more than 50% of the mining hashrate, but that isn't ever going to happen, BTC network is secured from collapse, it is only the price that can fluctuate.
Bitcoin not controlling by one individual and not possibility for stopping, different with altcoin have dominance by the developer holding above 70% and investor holding under 30% is not enough how controlling with stable price. For OP question about Bitcoin can banned or stopped by government seems has possibility after several countries announce for banning Bitcoin transaction. I don't think miner have power for controlling Bitcoin more than 50% and have positive impact with anonymous dominance from Bitcoin still on stable price.

China have adopted and banned Bitcoin last several years but not having big impact yet and make Bitcoin price drop, I think an countries can banned Bitcoin as payment transaction or investment assets but they don't have control to stop their people keep investing in Bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Davidvictorson on February 04, 2023, 07:25:41 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Technically, the government may not be able to outright ban bitcoin, but they can regulate and monitor it through this means: KYC whenever a purchase is made. For example, Apple or Microsoft may have to report to the government the wallet that sent the transaction, which will definitely include the customer's details. It will also include the amount transferred.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: DoublerHunter on February 04, 2023, 08:53:38 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
Technically, the government may not be able to outright ban bitcoin, but they can regulate and monitor it through this means: KYC whenever a purchase is made. For example, Apple or Microsoft may have to report to the government the wallet that sent the transaction, which will definitely include the customer's details. It will also include the amount transferred.
^But the government has nothing to do if people will use BTC, we have different ways to use BTC that we did not reveal ourselves.
You will encounter KYC if you will use centralized companies just like you have said, but if you will use a decentralized platform in purchasing and exchanging BTC I think you are fine. That is why the government has no option to accept and regulate BTC than people using it illegally and they don't have a right to stop it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Casdinyard on February 04, 2023, 09:16:01 PM
With combined efforts from multiple countries, bitcoin can indeed be stopped. But that is a farfetched fever dream if you ask me. Approximately 80-90% of the world's current bitcoin-user population must be banned or prohibited from using bitcoin in order to effectively dump bitcoin's price and have it lose its blue-chip status. But as we all know with conflicts brewing in between borders this is so impossible. Then again, I'm not saying that conflict is good because it is not. I'm just pointing out the futility of the idea that bitcoin could be stopped. Which in paper it could be, but in practice? No.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: samcoin on February 04, 2023, 10:37:38 PM
With combined efforts from multiple countries, bitcoin can indeed be stopped. But that is a farfetched fever dream if you ask me. Approximately 80-90% of the world's current bitcoin-user population must be banned or prohibited from using bitcoin in order to effectively dump bitcoin's price and have it lose its blue-chip status. But as we all know with conflicts brewing in between borders this is so impossible. Then again, I'm not saying that conflict is good because it is not. I'm just pointing out the futility of the idea that bitcoin could be stopped. Which in paper it could be, but in practice? No.

I agree with you as the world has two groups of nations that have conflicting interests, and Bitcoin with the popularity it reached, could be used as economical tool, so if a group of nations banned it, the others would encourage it and leverage it to serve their interests. Who knows, maybe some countries are using Bitcoin to evade restrictions imposed by other countries.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Fivestar4everMVP on February 04, 2023, 11:05:31 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
For me personally, I think its possible for the government to ban bitcoin if they can all agree to(that is the entire government of the world), but on the other hand, the probability of this ever happening is very very low, like if I should put it in percentage, i would say that the possibility of the entire government of the world banning bitcoin is 0.00001%, this is because it is practically impossible for them to, for several reasons, and one of them being that ..
Ego and pride will not allow them work together in one accord ..
And also, as some countries hate bitcoin and seek to ban it, there are other countries that like it and seek to legalize bitcoin in their country too, so this conflicting interest will never bring the government of the world under one umbrella seeking the ban of bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: crypticj on February 05, 2023, 11:59:03 AM
In theory yes, the government can ban bitcoin, but it doesn't really matter because people still will use it and sell/buy it on p2p platforms without KYC. So I think it won't happen because it's more convenient for officials if more crypto transactions are made on the exchanges with KYC so I think they will move in this direction rather than just banning it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on February 05, 2023, 04:21:47 PM
Totally agree, the government doesn't want to completely ban bitcoin, what they want is to control it. Banning bitcoin won't do them any favor, but if they can find a solution to control it, they will get a lot of benefits from it, especially the huge tax we will pay them. They always make threats to ban bitcoin but so far, they have not done that, they are just trying to buy time to find a way to control it. I believe there will be a lot of regulation for bitcoin and crypto this year, let's wait and see how it plays out.

I'm pretty sure most (if not all) of the world's governments will end up regulating Bitcoin with a heavy hand. After all, they wouldn't want to miss a huge opportunity to collect taxes. El Salvador saw Bitcoin's potential to change its economy for the better, leaving it with no other choice but to adopt the pioneer cryptocurrency as legal tender. The Central African Republic joined the game, while Mexico and Brazil are about to do the same.

I think authoritarian countries like China, Russia, and Venezuela will also end up opening their arms to Bitcoin because of the benefits it provides. They may have rejected the cryptocurrency for now, but I'm hopeful they will change their stance as Bitcoin becomes more popular worldwide. We're seeing a wave of mass adoption into Bitcoin from people worldwide. If this keeps up,"hyperbitcoinization" will come faster than you could've ever imagined. Who knows if BTC ultimately wins in its quest of defeating Fiat currencies for good? Just my thoughts ;D


Title: Re: Bitcoin can be banned or stopped by governments
Post by: bitzizzix on February 05, 2023, 07:11:53 PM
The beauty of bitcoin is that it is decentralized and untrusted, therefore no government can do anything to stop and change bitcoins. And maybe the government could make or pass a law that they want to try to criminalize those who buy bitcoin or use bitcoin will be punished, even if in other ways but that will make some people feel scared.
and of course they are powerless to stop or change bitcoin itself, and bitcoin continues to be so popular that I don't think the government is going to do a hard ban because everyone is finally realizing the many good benefits of bitcoin.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: KennyR on February 05, 2023, 10:31:51 PM
Banning or stopping its usage completely is really hard for now. Just think of the countries that are against bitcoin as well as countries that imposed ban. People continued to use from those countries which is the reality. No one can Stop it's usage, maybe in its beginning days this could've been made possible. I'm not sure, but now it is impossible as someone around the world will have it and use it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ayers on February 05, 2023, 11:22:36 PM
With combined efforts from multiple countries, bitcoin can indeed be stopped. But that is a farfetched fever dream if you ask me.

But that will never happen because the world is heterogeneous, I mean, looking at the countries that are dividing each other for the benefit of each country. They will never become 1 or combine into 1. Just comparing with our family members, we can see that we have never all had the same opinion, let alone a country of many different ethnic groups with different thoughts. So we don't need to worry about all of them coming together.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: martyns on February 06, 2023, 03:01:15 PM
Depending on the nation, some have adopted bitcoin as a payment method and advanced while others have outright outlawed it out of concern for the value of their fiat currency. Higher authorities have the power to impose tight regulations on bitcoin use in a nation, which will primarily impact businessmen who have investments in cryptocurrencies. To avoid the government in a country becoming overly suspicious, it is best to keep bitcoin transactions quiet.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: SirLancelot on February 06, 2023, 06:58:23 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin
If governments could ban Bitcoin they would have done it a long time ago as they want now. They don't really want to ban bitcoin, but rather want to regulate.

If you mean the ban imposed by the government of India and the regulations starting to re-enforce “Cryptocurrency and Legal Digital Currency Bill Regulations 2021”. So what exactly do they want to ban cryptocurrencies and create regulations. The answer is I think "Project self launch digital eye" and most countries prohibit and make regulations just for this purpose. If you look further, almost all countries don't really ban cryptocurrencies, they just want to regulate and control them like fiat.
Some governments have already done that long time ago and some of them have also gone through several phases of unbanning and banning Bitcoin. Now the status of Bitcoin is that many countries or governments rather have embraced it. They have already proven that Bitcoin wasn't really a scam or bad but it can be an asset to help them and their country to improve.

Bitcoin being a decentralized crypto could mean that there is no way for any governments to regulate it and maybe that is the reason why they just banned it directly. Right now, governments do only come up with their own crypto which is called CBDC which they can regulate easily.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: danadc on February 06, 2023, 08:07:38 PM
A government can prohibit all they want, but if there is something that gives money, people will not pay much attention, because people in this world crisis are going to look for a way to make money, and if they know that bitcoin is the most feasible, they will not they will, they will continue buying bitcoin and investing, that's why I always think that governments don't let people have a good life, they want to have control to force people to do the usual jobs, that's why I do not believe in the bitcoin regulations in the countries and if lashay I do not blame those who evade those taxes.



Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ebede on February 06, 2023, 08:59:46 PM
Bitcoin is not a centralised currency which governmental have power to ban also stop it operation as a digital currency it is a currency that it is centralised and the government have no authority futo stop it increments but they can control all regulate the small size of each but not to stop the existing of cryptocurrency I think that which have not been done in anywhere and it will not happen


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Mahanton on February 06, 2023, 09:17:42 PM
A government can prohibit all they want, but if there is something that gives money, people will not pay much attention, because people in this world crisis are going to look for a way to make money, and if they know that bitcoin is the most feasible, they will not they will, they will continue buying bitcoin and investing, that's why I always think that governments don't let people have a good life, they want to have control to force people to do the usual jobs, that's why I do not believe in the bitcoin regulations in the countries and if lashay I do not blame those who evade those taxes.


Government does really love on controlling things which it isnt really that surprising or shocking on which they would really tending to suppress on things which arent been able to be controlled and this is where they are seeing about Bitcoin.This is why its not really that shocking that they are really that trying out their best on banning or prohibiting it but somehow there are places which are totally opposite on what they are doing.We've known that no matter how they do ban it but still there would be people who would be keeping on seeking paths or ways for them to get involved or deal with it despite
of being banned or restricted.This is the best way and things or benefits which you could get.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Dr.Osh on February 07, 2023, 05:29:21 AM
in fact, it is very difficult to get banned for something that is not controlled by anyone. for example, in India, even though they announced that they had banned bitcoin or crypto, there are still people there who use crypto. The same thing has also been done by China.

In addition, many governments from developing countries are currently still supporting the development of crypto, especially bitcoin. I'm pretty sure they are aware that crypto can also give them an advantage or disadvantage. crypto is a positive technological development and hard to stop, the choice is to take advantage of it, or try to stay away from it. If a country can ban crypto from their country, I think it has been done a long time ago.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: bitterguy28 on February 07, 2023, 05:53:40 AM
I don't mean to be rude or anything of course, but I am really curious to know... How can bitcoin be banned ? I mean, in general, let's say that you wanted to ban bitcoin, what would you need to do ?
there are lot of factor to do this meaning it will be very difficult for even government banning this and this is also the reason why some countries are banning bitcoin but cannot completely make their people have stopped.
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
The governments of countries must want to control their own country's financial system and prevent capital outflows, but Bitcoin is the natural enemy of this system. This is one of the meanings of Bitcoin's existence, to make funds more free, and centralization has bound us for too long Now, Bitcoin is the only decentralized product that allows people all over the world, regardless of race or country, to reach a consensus.
even how they wanted? yet this will never come not unless they will connive with the whole world things that impossible to happen.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Cvetik56 on February 07, 2023, 06:02:08 AM
in fact, it is very difficult to get banned for something that is not controlled by anyone. for example, in India, even though they announced that they had banned bitcoin or crypto, there are still people there who use crypto. The same thing has also been done by China.

In addition, many governments from developing countries are currently still supporting the development of crypto, especially bitcoin. I'm pretty sure they are aware that crypto can also give them an advantage or disadvantage. crypto is a positive technological development and hard to stop, the choice is to take advantage of it, or try to stay away from it. If a country can ban crypto from their country, I think it has been done a long time ago.

True, BTC is decentralized and banning it won't do much. Yeah, people won't be able to use exchanges, but it was meant to be used P2P. I think BTC is even more important in countries that are banning it.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: NotATether on February 07, 2023, 06:27:38 AM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

Well, they could theoretically force exchanges out of their countries, but that's about it. The decentralized P2P part of bitcoin, the nodes, cannot be banned. Even if some country does criminalize running a node, you can anonymize your traffic through the Tor network to evade detection.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on February 07, 2023, 01:51:27 PM
But that will never happen because the world is heterogeneous, I mean, looking at the countries that are dividing each other for the benefit of each country. They will never become 1 or combine into 1. Just comparing with our family members, we can see that we have never all had the same opinion, let alone a country of many different ethnic groups with different thoughts. So we don't need to worry about all of them coming together.

Never say "never". For what I know, nothing is set in stone. Right now, governments are unable to reach a common agreement. But what if things change in the future? They could decide to unanimously ban Bitcoin if it proves to be a threat to the very existence of Fiat. It's no secret that Bitcoin is growing in popularity and mainstream usage each day. The more powerful BTC gets, the more people will abandon traditional Fiat currencies. And what better way to "stop" Bitcoin than all governments preventing people from using it in the first place? Maybe they will go as far as shutting down the whole Internet, to make a new one from scratch under their control (sort of like Russia is doing right now)? Even if they shut down the whole Internet, there's nothing stopping someone from running a BTC node through a mesh network, satellite, etc. The code is open source, so anyone can easily recreate Bitcoin if they want to.

I fail to see how Bitcoin can be "stopped" right now when it's a "force to reckon with". Governments would have no choice but to embrace the revolution or be left behind in the dust. Some countries have adopted BTC as legal tender, so don't count on it disappearing from the face of the Earth anytime soon. Just my opinion :)


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Ucy on February 07, 2023, 04:54:21 PM
Bitcoin is actually unstoppable financial system. Banning is all the lawless in governments can do. Any ban cannot be enforced because it's illegal/immoral to ban what is good or better than what they currently offer. Imagine banning a fair, decentralized, transparent, immutable financial system while allowing the opaque, mutable, centralized ones. It says alot about the people in the government. They are typically the very corrupt, power-hungry and insecure types.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: WatChe on February 07, 2023, 05:37:15 PM
Can government completely ban Bitcoin or not? To find answer to this question one must consult Bitcoin Whitepaper, on very first line we find this:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." Bitcoin Whitepaper (https://www.ussc.gov/sites/default/files/pdf/training/annual-national-training-seminar/2018/Emerging_Tech_Bitcoin_Crypto.pdf)

Bitcoin was designed from scratch to overcome limitations of existing financial system, where every transaction has to go through a central authority for approval. Since there is no central authority in Bitcoin then how can it be banned ? Go through Bitcoin whitepaper and we can find answer that why governments are againest it and why it cant be banned.

Bitcoin was designed to be a decentralized and censorship-resistant cryptocurrency. It cannot be stopped no matter what. But that would depend on how far the community is willing to keep Bitcoin that way. If decentralization is compromised sometime in the future, you can say goodbye to Bitcoin for good. Remember what it's said in the real world: "The price of freedom is eternal vigilance". We must remain vigilant to protect Bitcoin from falling into the government's hands.

As long as it remains decentralized, Bitcoin will be able to reach the masses without any obstacles or shortcomings. All a person needs to access the Blockchain is an Internet connection (and a VPN if you're living in a country where BTC is banned like China). With how far Bitcoin has gone, it seems to me that it will last for generations. Just my opinion :)

According to data available at https://bitnodes.io/ there are 54 Bitcoin reachable nodes in China. That means despite all pressure Chinese government still not able to ban bitcoin.
Bitcoin decentralization is ensured by thousands of nodes distributed worldwide and they only way bitcoin can be controlled is to take control of all these nodes, something technically not possible. Moreover, Bitcoin network will continue to operate as long as there is one node willing to run the bitcoin blockchain.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Agbe on February 07, 2023, 07:58:39 PM
Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore
To ban bitcoin in the world is to shutdown internet in the whole world which will affect all the sectors in government which the government can't function as well. The world economy will stop and no business can move in whole world, even transportation will be stopped. And the government can't do it because they will trillions of dollars in it, and private businessmen will not allow such to happen. What I am trying to is that governments in the world can not stopped the uses of bitcoin because bitcoin is decentralized system. Country's governments can only ban bitcoin from transactions through Fiat banks and not or they can't stop the p2p transaction process.


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Uncleminer on February 08, 2023, 11:51:03 AM
They can't ban it but they can limit the interactions within government controlled or regulated entity's ie banks and make it unusable in day to day life . Its a store of value for me at the moment it's the taxes that come with it are a pain


Title: Re: Bitcoin can be banned or stopped by governments
Post by: Abiky on February 08, 2023, 12:02:04 PM
According to data available at https://bitnodes.io/ there are 54 Bitcoin reachable nodes in China. That means despite all pressure Chinese government still not able to ban bitcoin.
Bitcoin decentralization is ensured by thousands of nodes distributed worldwide and they only way bitcoin can be controlled is to take control of all these nodes, something technically not possible. Moreover, Bitcoin network will continue to operate as long as there is one node willing to run the bitcoin blockchain.

It's amazing how Bitcoin keeps "chugging along" even with government restrictions in place. The fact that there are 54 nodes in China even when the government officially "banned" it, tells us that Bitcoin is truly unstoppable. Who can stop someone from secretly running a BTC node, anyways? I'd imagine Bitcoin having its own nodes across space (The Moon, maybe?) sometime in the future. The number of people adopting BTC as an alternative to Fiat currencies seems to be growing each day, so don't count on its disappearance anytime soon. Governments will have no choice but to join the revolution or get left behind in the dust.

Let's hope Bitcoin becomes Fiat's sucessor in the future, as people lose trust in banks. If that happens, early adopters like you and me would instantly become filthy rich. All that matters is that Bitcoin stays decentralized and censorship-resistant. As long as it remains as is, it will last a lifetime. Just my thoughts ;D


Title: Re: Bitcoin can be banned or stopped by governments
Post by: lizarder on February 08, 2023, 12:42:21 PM
Some governments have already done that long time ago and some of them have also gone through several phases of unbanning and banning Bitcoin. Now the status of Bitcoin is that many countries or governments rather have embraced it. They have already proven that Bitcoin wasn't really a scam or bad but it can be an asset to help them and their country to improve.

Bitcoin being a decentralized crypto could mean that there is no way for any governments to regulate it and maybe that is the reason why they just banned it directly. Right now, governments do only come up with their own crypto which is called CBDC which they can regulate easily.
In the case of the state I haven't seen a bigger opportunity being exploited by some countries as done by El Salvador, the problem the state sees is not the nature of bitcoin which is a scam. But the growth of bitcoin can threaten fiat currency, so they continue to enforce regulation as a limit that will limit it, although in general it doesn't work and doesn't affect bitcoin in any way on its way.

The purpose of making regulations is only to limit not to regulate, because of the nature of decentralization even Satoshi Nakamoto cannot control bitcoin and CBDC as a substitute which they consider comparable despite many shortcomings and completely different from bitcoin.