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Author Topic: Bitcoin will be banned ??  (Read 3822 times)
icaruz
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November 14, 2015, 05:23:37 PM
 #41

not at all.nowadays some online shopping sites already accepted bitcoin as payment .after 2-3 years

bitcoin will be used all over the world even on mars.

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November 15, 2015, 01:50:33 AM
 #42

not at all.nowadays some online shopping sites already accepted bitcoin as payment .after 2-3 years

bitcoin will be used all over the world even on mars.

There are more and more retailers accepting bitcoin. In 5 -10 years, bitcoin will become more widely used in the business. The value will increase.
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November 15, 2015, 02:26:22 AM
 #43



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November 15, 2015, 04:30:17 AM
 #44


The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin



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November 16, 2015, 06:44:47 AM
 #45


The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.
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November 16, 2015, 06:56:28 AM
 #46


The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.


It is very risky for a government to use bitcoin, because the price of bitcoin is changing and the losses can be in millions or trillions of dollars, so it can be banned in some countries.


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November 17, 2015, 03:01:28 AM
 #47


The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin

When bitcoin is used widely, the market capitalization is larger, say 1 trillion dollars, the price will be more stable than now. The governments will treat it as currency, and tax accordingly.


It is very risky for a government to use bitcoin, because the price of bitcoin is changing and the losses can be in millions or trillions of dollars, so it can be banned in some countries.

The government do not have to use the bitcoin. As long long as it allows its citizen to use bitcoin, we are happy.
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November 17, 2015, 06:17:36 AM
 #48

We've been running this shadow economy for the last 5 years now. I'd say if you want to stop it, start with all the ponzi schemes. Take those down, we don't really need those. Governments can stop fiat to bitcoin exchanges, but they cannot take bitcoins away from people who own them. And you cannot really take down this "shadow" economy system that we have been operating. It's just impossible. Just good luck turning off the internet.

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November 17, 2015, 06:56:01 AM
 #49

We've been running this shadow economy for the last 5 years now. I'd say if you want to stop it, start with all the ponzi schemes. Take those down, we don't really need those. Governments can stop fiat to bitcoin exchanges, but they cannot take bitcoins away from people who own them. And you cannot really take down this "shadow" economy system that we have been operating. It's just impossible. Just good luck turning off the internet.

There is no reason to ban bitcoin at all. It is just a token or a kind of goods,  or credit points. All those things are legal in many countries. Those things can also exchange for cash or various currencies. the only difference between bitcoin and other goods is that bitcoin has finite supply unlike most currencies, thus the value will not drop all the time.
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November 18, 2015, 12:37:00 PM
 #50


The government is smarter these days. I'm pretty sure they could figure what to do for bitcoin. And just probably, they may consider using bitcoin too. ITs always good to listen to what they say, like if you can't beat them, join them.  Grin
I won't be surprised if governments are already buying bitcoins in large numbers or owns good amount of it. If they are not doing this it will be wise for them to start now and create bitcoin reserve system similar to the one based on gold they already have.


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