Banned bitcoin

[czechkid]

What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.

[--Encrypted--]

What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.

can you ban internet?
you'll have to stop everyone from using the internet if you want to fully ban bitcoin.

[NorrisK]

What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.

Countries have also banned drugs and stuff. In the past alcohol was banned in the USA, but moonshining became big business..

They can't ban bitcoin.

[Mickeyb]

Exactly, like someone has told above, can you ban Internet? This is a beauty of the blockchain technologies and Bitcoin, you cannot really ban them. I mean you can outlaw them and shake confidence of the investors a bit but the bottom line is that Bitcoin would exist and run even if all of the countries of this world ban it and this is why I am into Bitcoin, freedom at last!

[czechkid]

I get what you all mean but you get "punished" if caugh doing anything illegal...drugs, young drinking, killing etc...if they say using bitcoin in any form is illegal and can get fined or jailed than it will happend...so i ask again...what will happen to the price? It would also be harder to introduce it to a lot of new users.

Btw..if the goverment tells all internet providers to cut everyone off they will..or they destroy servers/satelites

Bitcoin is big and dangerous to powerful fiat people...anything can happen

[czechkid]

I was asking what will happen if they ban it!! Not if its possible

[Kazimir]

You mean just like many countries have banned piracy of music and movies?

We've all seen how that worked out. Same with technologies like Bitcoin. Old industries wish to hold on to their monopoly, but they're no longer relevant. It's not gonna make a difference. You can't stop technological development and advancement.

[czechkid]

You mean just like many countries have banned piracy of music and movies?

We've all seen how that worked out. Same with technologies like Bitcoin. Old industries wish to hold on to their monopoly, but they're no longer relevant. It's not gonna make a difference. You can't stop technological development and advancement.

Thank you, what about businesses not being able to accept it as a payment?

[manselr]

All Bitcoin banning would do is driving the interest up as in people being curious about it and it would basically backfire on their initial intentions which were to scare people away from it, thats why Putin backpeddled and ended up accepting it after banning it.

[Hazir]

What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.

can you ban internet?
you'll have to stop everyone from using the internet if you want to fully ban bitcoin.

Apparently you can. In some extremely unpleasant places of the world Internet is heavily censored or even banned to the point normal citizen can't use it.
Total ban of internet is reality in North Korea and China has some parts of the internet censored. Basically we are talking about all countries without democratic background here...

[maokoto]

Bitcoin owns his value to the users that agree that it is valued so. This is not illegal by any means, and do not think it could be banned.

[czechkid]

All Bitcoin banning would do is driving the interest up as in people being curious about it and it would basically backfire on their initial intentions which were to scare people away from it, thats why Putin backpeddled and ended up accepting it after banning it.

Thats why they start to regulate it i guess

[Hazir]

All Bitcoin banning would do is driving the interest up as in people being curious about it and it would basically backfire on their initial intentions which were to scare people away from it, thats why Putin backpeddled and ended up accepting it after banning it.

Thats why they start to regulate it i guess

Bitcoin is only banned in countries with weak economy and currency, high inflation and unprepared for real competition on the economic field.
Countries like Bangladesh, Ecuador, Bolivia, Kyrgyzstan, Vietnam are afraid that their currency will devalue even faster if people would have choice to use Bitcoin.
Regulations can be separated into 2 categories: Japan type (bitcoin is free, unregulated by law and any economic standards) and China type regulations (financial institutions cannot use or involve themselves with bitcoins).

[gentlemand]

Bans look uncool. If a country wasn't into the idea all they have to do is strangle the fiat gateways. There'd still be a bit of activity but it would be greatly reduced.

[Yakamoto]

A ban can only take full effect if they were to, as mentioned, ban the internet, -somehow- trace all the users of Bitcoin in their country and do whatever they see fit to prevent them from continuing to use it, and find some way to prevent any goods or services from changing hands using Bitcoin.

There is no real way to ban Bitcoin, as long as goods and services can be purchased.

[Jorge320]

I don't see a way to ban BTC, the internet as a whole.  Even when Syria tried to firewall the whole country Anon managed to send pre-coded dial-up connections for activist to post to YouTube and Twitter.  Nothing will stop a movement with enough backing, nothing...

[lyf208617]

It actually cannot be banned

[joele]

It actually cannot be banned

True, they can only make it illegal.

[lottery248]

you cannot legitimately ban bitcoin.
unless you can do 51% attacks to monopolise all.

[everaja]

What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.

Bitcoin is a deep Crypto cant be stooped by Trivial Rules, Gambling is Banned in US, do you think that people in US do not do Gambling? similarly BTC as being anonymous you can only make it hard to spend bitcoins , but you cant stop people using bitcoins.