Russia / China Ban and strict US Regulations - Impact

[techgeek]

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

If you ban it, no merchant within that countries borders would be allowed to accept it as a payment method. {That shuts the incentive to use it locally off to the general public}

If you accept it "online" and it gets traced back to you, it will lead to fines or imprisonment. {It's a illegal currency}

Most people would go underground, but it will still hurt the whole Bitcoin community. 

Its not a option, so yeah going underground becomes a forced option.

As for the tracing back concept, its why people mix their coins to avoid that conflict depending the volume. Honestly, most of these coins are going for gambling maybe a small percent is held personal reasons to cold wallets.

The problem still though is if the country bans it, it deletes the entire community in that region being less global.

[Natalia_AnatolioPAMM]

Even if China and US ban bitcoin there are still many countries in which you can use btc (almost whole Europe). And I don't know if US government will be able to block every bitcoin transactions, you can always use foreign services to use btc. or exchange it for dollars.

sooner or later they will find the way

[Kprawn]

We have seen some of the bigger countries turning their back on Crypto currencies.

How will a complete Bitcoin ban by China / Russia and very strict regulations in the USA impact the viability and existence of Crypto currencies?

These are some of the biggest economies in the world and their exclusion will have a huge impact?

Do you feel the remaining countries could make it viable?  

no need to worry, check this out
https://bitcointalk.org/index.php?topic=997356.0  made by ICM , prob the best crypto dev ive seen in years  

Keep the promotion for Alt coins in the Alt coins section please... I see no reason, why a Alt coin would make a difference, if "Crypto currencies" are banned.

we can not dismiss the truth that this had implications for the development of Crypto currencies, but it is not going to make Crypto currencies die because its not in the major economies, there is still a small economy countries and communities around the world who use it and is active enough to make success in the future.

Also bitcoin is spread throughout internet and it would be very difficult to ban because there is no single authority to shut down. You could make btc illegal but there are ways to to surpass this.

If you ban it, no merchant within that countries borders would be allowed to accept it as a payment method. {That shuts the incentive to use it locally off to the general public}

If you accept it "online" and it gets traced back to you, it will lead to fines or imprisonment. {It's a illegal currency}

Most people would go underground, but it will still hurt the whole Bitcoin community.  

Its not a option, so yeah going underground becomes a forced option.

As for the tracing back concept, its why people mix their coins to avoid that conflict depending the volume. Honestly, most of these coins are going for gambling maybe a small percent is held personal reasons to cold wallets.

The problem still though is if the country bans it, it deletes the entire community in that region being less global.

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

[Amph]

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

[maku]

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

[Natalia_AnatolioPAMM]

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population  in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

[maku]

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population  in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

How about Putin being president for the third time? how about agreement between Putin and Medvedev on placing Putin back on president seat?
http://www.euractiv.com/global-europe/putin-medvedev-seal-power-sharin-news-507903
http://www.spiegel.de/international/world/the-puppet-president-medvedev-s-betrayal-of-russian-democracy-a-789767-2.html
http://news.xinhuanet.com/english2010/world/2011-09/24/c_131158004.htm
Putin is dictating what he wants and everybody is following him.
http://www.bloombergview.com/articles/2014-12-29/2015-the-year-of-the-putin-dictatorship
http://foreignpolicy.com/2015/02/13/new-model-dictator-putin-sisi-erdogan/

[RodeoX]

I don't know what the "strict" regulations are in the US?

[Natalia_AnatolioPAMM]

How will mixing coins, help with you being able to spend your coins in a country where "Crypto currencies" are banned? You can mix as much as you want, if there are no merchants to spend it, you are stuffed.

If they stop the trade, they stop the currency.   {Let's say people started to use goats to trade, and the government ban goats for trade... You can have 1000s of goats, and nobody can use it, because it's banned... So the demand for goats will decrease }

unless a rebellion happens, what if everyone start use bitcoin even if it is banned in that specific country? they can't for sure arrest everyone, people need to work more together to limit or crashing the government decisions

china and russia don't live in a dictatorship...

Russia not a dictatorship? I wonder...

But as for rebellions and stuff, both countries are known for not respecting human rights (Russia with the LGBT issues http://en.wikipedia.org/wiki/LGBT_rights_in_Russia China in general have issues with human rights http://en.wikipedia.org/wiki/Human_rights_in_China).
So even if some group would like to protest or brake the rules I'm sure they would be punished for that. The only solution imo is either big protest with majority of the country population or governments changing their minds (for example because they see some gains for themselves in allowing bitcoin be legal).

you wonder? making "prove" from Wikipedia? Good analysis... Russia is not a dictatorship, believe me. All that stuff is pro-american, political anti-russian propaganda. People are free to live, sleep and do whatever they want with anyone they want, the only thing which is prohibited is an lgbt propaganda within children and aimed to children, and that legal act is supported by the majority of population  in here. So where's dictation? I've never seen it, living here for the whole life, and all the people who think further than wiki posts in russia also think so.

How about Putin being president for the third time? how about agreement between Putin and Medvedev on placing Putin back on president seat?
http://www.euractiv.com/global-europe/putin-medvedev-seal-power-sharin-news-507903
http://www.spiegel.de/international/world/the-puppet-president-medvedev-s-betrayal-of-russian-democracy-a-789767-2.html
http://news.xinhuanet.com/english2010/world/2011-09/24/c_131158004.htm
Putin is dictating what he wants and everybody is following him.
http://www.bloombergview.com/articles/2014-12-29/2015-the-year-of-the-putin-dictatorship
http://foreignpolicy.com/2015/02/13/new-model-dictator-putin-sisi-erdogan/

ok, if  you're so convinced by these articles to be more right   than me by living here for 20+ years - there's no reason to argue. And all my friends and relatives living here as well, and their friends etc... If you think you know better than all these people and their summary opinion- ok. you win have fun reading all other stuff

[Kprawn]

Dictatorship or not... These are still huge economies that can have a major impact on the progress of crypto currencies.

The USA and as of lately India, can over regulate or Ban Bitcoin and a combination of the two, could seriously hurt the whole community.

The question is, can we afford to loose the backing of these governments and what can we do, to influence their decisions to include crypto currencies into their monetary plans.

Some people see them as the enemy... We want them to be "Crypto-friendly" 

[Amph]

I don't know what the "strict" regulations are in the US?

this is the notice of 2014, is a long read

http://www.irs.gov/pub/irs-drop/n-14-21.pdf

there are some rules about a limit of 600 after that you need to declare your income, if dealing with bitcoin

[deisik]

How about Putin being president for the third time? how about agreement between Putin and Medvedev on placing Putin back on president seat?
http://www.euractiv.com/global-europe/putin-medvedev-seal-power-sharin-news-507903
http://www.spiegel.de/international/world/the-puppet-president-medvedev-s-betrayal-of-russian-democracy-a-789767-2.html
http://news.xinhuanet.com/english2010/world/2011-09/24/c_131158004.htm
Putin is dictating what he wants and everybody is following him.
http://www.bloombergview.com/articles/2014-12-29/2015-the-year-of-the-putin-dictatorship
http://foreignpolicy.com/2015/02/13/new-model-dictator-putin-sisi-erdogan/

ok, if  you're so convinced by these articles to be more right   than me by living here for 20+ years - there's no reason to argue. And all my friends and relatives living here as well, and their friends etc... If you think you know better than all these people and their summary opinion- ok. you win have fun reading all other stuff

Russia is surely not a dictatorship, at least as of now. Putin is evidently not dictating, but this is not because he can't (i.e. doesn't have the power), but since he is not that type of a person. Despite that, I don't think there is much room for debate about whether he would turn into one if he wanted to...