czechkid (OP)
|
|
August 10, 2015, 08:49:45 PM |
|
What if some countries just simply ban bitcoin? To the point that its against the law to own it and use it.
|
|
|
|
--Encrypted--
Copper Member
Legendary
Offline
Activity: 924
Merit: 1007
hee-ho.
|
|
August 10, 2015, 08:52:49 PM |
|
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
Legendary
Offline
Activity: 1946
Merit: 1007
|
|
August 10, 2015, 08:53:03 PM |
|
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
|
|
August 10, 2015, 09:03:57 PM |
|
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 (OP)
|
|
August 10, 2015, 09:09:24 PM |
|
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 (OP)
|
|
August 10, 2015, 09:10:50 PM |
|
I was asking what will happen if they ban it!! Not if its possible
|
|
|
|
Kazimir
Legendary
Offline
Activity: 1176
Merit: 1011
|
|
August 10, 2015, 09:13:09 PM |
|
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 (OP)
|
|
August 10, 2015, 09:17:54 PM |
|
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
Legendary
Offline
Activity: 868
Merit: 1006
|
|
August 10, 2015, 09:21:32 PM |
|
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
Legendary
Offline
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
|
|
August 10, 2015, 09:22:19 PM |
|
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
|
|
August 10, 2015, 09:24:01 PM |
|
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 (OP)
|
|
August 10, 2015, 09:24:37 PM |
|
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
Legendary
Offline
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
|
|
August 10, 2015, 09:56:04 PM |
|
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
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
August 10, 2015, 10:06:33 PM |
|
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
Legendary
Offline
Activity: 1218
Merit: 1007
|
|
August 10, 2015, 10:09:35 PM |
|
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
Newbie
Offline
Activity: 42
Merit: 0
|
|
August 10, 2015, 11:14:59 PM |
|
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
Jr. Member
Offline
Activity: 59
Merit: 10
|
|
August 11, 2015, 01:22:31 AM |
|
It actually cannot be banned
|
How to Get BTC (http://howtogetbtc.com/)
|
|
|
joele
Legendary
Offline
Activity: 1022
Merit: 1000
|
|
August 11, 2015, 02:42:41 AM |
|
It actually cannot be banned
True, they can only make it illegal.
|
|
|
|
lottery248
Legendary
Offline
Activity: 1582
Merit: 1006
beware of your keys.
|
|
August 11, 2015, 02:46:59 AM |
|
you cannot legitimately ban bitcoin. unless you can do 51% attacks to monopolise all.
|
out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded i am not really active for some reason
|
|
|
everaja
|
|
August 11, 2015, 02:47:11 AM |
|
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.
|
|
|
|
|