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Author Topic: Banning bitcoins is against the law  (Read 556 times)
freedomgo
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August 15, 2019, 10:39:55 AM
 #41

A ban on trade is quite possible. I do not know how in the US, but in other countries it is possible to do even at the legislative level
They can only ban exchanges but bitcoin is already traded before with a small number of exchanges are in the market, and with other countries that are supportive with bitcoin, it's still possible to convert the BTC into fiat as moving BTC from one wallet to another wallet is very easy and simple, and it cannot be prevented by any government.

Bitcoin will definitely live forever, regardless of its price as it's impossible for the government to totally stop it.

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Vishnu.Reang
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August 15, 2019, 10:43:33 AM
 #42

This is very funny. Law is something that is created and modified by the "lawmakers" (i.e the members of parliament). They can interpret in whatever way they like. Some of the laws in India are self-contradictory. For example, the constitution guarantees equality to all the citizens. But still the government has introduced affirmative action in educational institutions (up to 75% in some cases) and jobs, based on the caste and ethnicity.
SquallLeonhart
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August 16, 2019, 03:04:54 PM
 #43

As much as I am a firm supporter of Bitcoin and by extension cryptocurrency, I think your argument is skewed a bit. I don't want Bitcoin to be banned but then the law is law. The law is the government. The government is the law. The government, expectedly, thinks for the generality of the people. Why do you think the US and Donald Trump is coercing Iran and N.Korea to ensure that they denuclearize? Shouldn't the US have left them alone since it's their properties too and they have a right to own them? Long story short, I don't think it's a crime for government to ban anything it doesn't welcome, whether personal property or not.
Who is the government, the humans in the seat tat wakes up one day to just think this is right and this is wrong, but everyone could think that way and just start shutting everything they feel they don’t want up even if it is right, but thanks to law, despite the fact that they are the leaders and they don’t like a particular system, they cannot just go against it without going back to the law, and whether they are government or not, everything works by the book, they still have to go back to that book to see if it is really against the law or not before they can start backing their argument up.

Look at when Trump came and said he does not like immigrants, if it was for Trump alone, all immigrants whether legal or illegal would have all been out of the US, but what folded his arms bit in taking actions against them was just that law.

BitHodler
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August 16, 2019, 07:53:50 PM
 #44

The government, expectedly, thinks for the generality of the people.
This is exactly what is wrong with most of the laws-- the law makers are entirely different and do not resemble the regular folks to which these laws apply. We are peasants to them. They stand above us.

Why do you think the US and Donald Trump is coercing Iran and N.Korea to ensure that they denuclearize?
Donald Trump isn't anything but a muppet. The US has been in favor of denuclearization of Iran well before he even came into the picture as presidential candidate. It's a circus show for us regular folks to believe....

No matter how much pressure the US is exercising on Iran, nothing will prevent them from being able to build a nuclear weapon, which they might already have in full working state.

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Questat
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August 16, 2019, 08:46:19 PM
 #45

What it makes these lawmakers are that they just like to protect their people. They know already the risk of crypto investment but I don't think that they could stop bitcoin users or investors, only they can do is to spread awareness for its high risk.

This is very funny. Law is something that is created and modified by the "lawmakers" (i.e the members of parliament). They can interpret in whatever way they like. Some of the laws in India are self-contradictory. For example, the constitution guarantees equality to all the citizens. But still the government has introduced affirmative action in educational institutions (up to 75% in some cases) and jobs, based on the caste and ethnicity.
They created a lot, some of them are just a contrary to what the others have made before. Actually, not only in India but also it happens around the world.

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August 19, 2019, 06:11:12 AM
 #46

You people are aware of the ban the US had imposed on online poker and the events unfolding on the infamous Black Friday, and the sudden death poker income oriented online casinos suffered as a consequence, right?

What makes you even think if btc does indeed expand enough to represent a threat for the national currency of the US or any other country, said country/alliance will hesitate to and find the correct methods to eliminate such no doubt essential threat?

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