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Author Topic: What if Bitcoin mining becomes illegal world wide?  (Read 2919 times)
ajiejot
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April 18, 2018, 12:54:20 PM
 #181

If Bitcoin mining will become illegal world wide, there will be less transaction will be made and the time of every transaction, time of confirmation will be delayed. Because most of miners are the one who process every transaction of Bitcoin mining. Let's just not hope that it will be ban, it will make a big FUD if that will happen.
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Ahimoth
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April 18, 2018, 01:00:29 PM
 #182

If Bitcoin mining will become illegal world wide, there will be less transaction will be made and the time of every transaction, time of confirmation will be delayed. Because most of miners are the one who process every transaction of Bitcoin mining. Let's just not hope that it will be ban, it will make a big FUD if that will happen.

If mining stops then bitcoin stops. But i don't actually see a reason for mining to be illegal unless the reason is that they see it as a threat. But what they can do is to implement regulations. But they cannot suddenly stop bitcoin. It actually also benefits the government or the economy.


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syamster
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April 18, 2018, 07:44:48 PM
 #183

If Bitcoin mining will become illegal world wide, there will be less transaction will be made and the time of every transaction, time of confirmation will be delayed. Because most of miners are the one who process every transaction of Bitcoin mining. Let's just not hope that it will be ban, it will make a big FUD if that will happen.

If mining stops then bitcoin stops. But i don't actually see a reason for mining to be illegal unless the reason is that they see it as a threat. But what they can do is to implement regulations. But they cannot suddenly stop bitcoin. It actually also benefits the government or the economy.
For sure there is no doubt that bitcoin is very good for all of us, we are getting profit and our government is taking taxes with bitcoin, as there are a lot of people who are making income with bitcoin only, mining is full of profit if you have capital to afford mining equipments and the capital trust me you will get rich very fast and you will get profit very highly, it is not wise to ban mining because it is getting a lot of profit for miners.

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Mihail.B
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April 18, 2018, 08:00:13 PM
 #184

The likelihood that mining will be banned is equal to zero. On the contrary, now more and more countries and large companies consider bitcoin as a payment system.

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April 19, 2018, 12:57:44 AM
 #185

Mining is one of the way to gain more Bitcoins around the world using just electricity, internnet connection and a powerful computers. If mining would be illegal the supply of Bitcoins will be stock on 16M. Ofcourse some of us here just holding bitcoins and not letting it to circulate, therefore we might not have one bitcoin out of 7 billion people around the world. Thats on my opinion only. Have a nice day Smiley
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