If Bitcoin was made illegal by your government would you still use it?

[ivanst776]

If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?

If by that time I can't use bitcoin and it becomes illegal I would definitely sell them and hope to sell at a higher price that I bought.

Maybe immediately people will not leave bitcoin because it becomes illegal but by the time it will be hard to use so we are forced to sell.

[Xenophoto]

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

wow..I didn't even know that so many countries banned bitcoin...it's crazy

Did you even read? Just because there's a table doesn't mean that it is the list of countries banned bitcoin. If you actually read it, you'll notice that it just says that "status" of bitcoin in those countries. There are countries that has banned bitcoins but bitcoin is still being sold in their country (i.e. Taiwan) . I guess from that we can conclude that even if bitcoin gets banned in your country, you can still actually use it. Most countries just say that it's an unregulated money.

[marleybobthedog]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

[socks435]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Why they need to pay you $30 monthly? because you are citizen? it is good if they are giving free money monthly because here in my country are not.. and i hope bitcoin will not flag as illegal currency..

[ged00u]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Why they need to pay you $30 monthly? because you are citizen? it is good if they are giving free money monthly because here in my country are not.. and i hope bitcoin will not flag as illegal currency..

Well i think maybe he currently earns 30$ monthly by bitcoin. In my country, Government does not really ban bitcoin. There are some laws about bitcoin restrictions which only to reduce the number of people using it. Bitcoin is not considered as illegal at all in my country. But, if bitcoin is forbidden in my country, i will still use bitcoin no matter what

[genos]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Yeah bitcoin is freedom. Event goverment can not know about your activity with bitcoin. I think bitcoin is not illegal, the users who made illegal transaction with bitcoin. So gverment do not have reason to make bitcoin illegal.

[carlfebz2]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Yeah bitcoin is freedom. Event goverment can not know about your activity with bitcoin. I think bitcoin is not illegal, the users who made illegal transaction with bitcoin. So gverment do not have reason to make bitcoin illegal.

You cant really take it away from  the government to think of  bitcoin is  illegal hence   its being  used  by hidden transactions  that's why government  would see it as  a  threat  and that's why  they don't  like to legalize  bitcoin but still  it remains  strong as  long no once could able to manipulate it   or  being controlled by someone and  that's the beauty  of bitcoin and  also considered as  freedom from  government.

[1Referee]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Event goverment can not know about your activity with bitcoin.

Don't get too excited already. Yes, it's true that you enjoy a certain amount of anonymity with Bitcoin, but if governments want, they can get to know much more about you than you are realizing right now. They can silently force the exchange you are signed up to with your personal information to release all trading logs, cashout logs, etc. This is the exact reason as to why I mix my coins that I have cashed out from the exchange I am working with. Better safe than sorry. But they of course can also force your ISP to closely monitor all your traffic. It may sound a bit extreme, but all realistic possibilities.

So gverment do not have reason to make bitcoin illegal.

The government does have plenty of reasons to put the label illegal on Bitcoin, but they will not directly ban it. At least well developed countries not. At worst, they will come up with certain policies in the hope that it will slow down Bitcoin's growth. As you also mentioned in your post, Bitcoin is freedom. That's exactly what they don't want you to have. With Bitcoin, you basically rule out banks and also governments. That feature is what they fear the most.

[xSkylarx]

Of course not, it can get me to jail or anything worse than that. It's just like the opposite of "if selling drugs is legal would you do it?" If you can earn money legally then why not. If it's illegal then better think twice doing it.

[Mastsetad]

Yes i will use bitcoin because my government is not going to provide me my pocket money so I myself have to find another way to earn money till i retired. Otherwise if i need to quit bitcoin then government should pay me $30 monthly.

Why they need to pay you $30 monthly? because you are citizen? it is good if they are giving free money monthly because here in my country are not.. and i hope bitcoin will not flag as illegal currency..

He means to say that if the government makes bitcoin illegal then they should pay him $30 every month as pocket money because if he wont be using bitcoin he wont be earning his pocket money.
And i would say the same, though i wont be able to say it to the government lol, but my only way of earning is bitcoin so if bitcoin is made illegal i would be broke and my life will go back again to where it was.

[TriggerX]

Definitely not. As everything is digital, it's easier to monitor transactions online rather than in person. I don't know why Bitcoin would be banned in the first place, but going to jail because of it is a lot worse.

[choppork]

Definitely not. As everything is digital, it's easier to monitor transactions online rather than in person. I don't know why Bitcoin would be banned in the first place, but going to jail because of it is a lot worse.

Or maybe everything is harder to monitor since it's digital. Yes the records are all there since it is digital, but do they know that it is you? There's a lot of ways to mask your existence in the Internet. You can literally jump from country to country by just using VPN. You can always deny that the account is yours when you're in the court unless they have a solid proof that it's yours. Just don't upload personal information online and you'll be safe.

[danherbias07]

Holy crap. That is a hell of a question. Never tried something that will be against the law of man.
If I still got some bitcoin left I would rather withdraw it than be taken to jail. I dont want to use all my bitcoin to pay up for getting out of jail. It sounds not brave but just being true to myself.

[chixka000]

I will not use it if it is declared as illegal.  Illegal stuff when done have punishment and i don't want to waste my energy to something that will bring distruction to me and my family.  Better safe than sorry.  Besides even if I accumulated millions of bitcoin, and was tracked by the government, all this bitcoins will be consfiscated and all my effort will be in vain.

Sadly but i am going to agree with. It is really hard to deal with the government who decides not to allow that certain platform on their country but this doesnt mean that i would just agree with them and do nothing

[emberbekas]

If my government made bitcoin illegal then there will be a punishment if keep using it. And I am sure there will be no more bitcoin exchanger in my country. So, it'll be worthless if I keep using it while I cant convert it to my local currency. The answer is no, I wont use it anymore if my government forbade it!

[iv4n]

Well I consider crypto a hobby and I really enjoy in that hobby. It was made illegal, I d still use it. After all, the whole idea of crypto revolves about rebellion against authority so YES, I d stay in even if they d tell me to stay out.

They can`t stop us from using bitcoins, I think we will always be able to find some way to access the bitcoin. Some governments have bad opinion about bitcoins, but for now there is any bans against bitcoin users.
Bitcoin is growing bigger each year, and there is no way for any institution to stop this wave. Many of us share same opinion like you, even in case they try something and tell us to stay away from it we will find a way and we will fight for bitcoin.

[Fatanut]

If my government made bitcoin illegal then there will be a punishment if keep using it. And I am sure there will be no more bitcoin exchanger in my country. So, it'll be worthless if I keep using it while I cant convert it to my local currency. The answer is no, I wont use it anymore if my government forbade it!

Just because there won't be any legal exchanger in your country anymore doesn't mean that you cannot exchange your bitcoin into fiat. You can always trade person-to-person. Back then, there's no exchange websites. That is how they trade their bitcoins, by meeting up or by talking to each other online. You can also do escrow. Probably the transaction fee would be higher on this one but come on, you can't just shut down your bitcoin income just because of some hindrance.

[rik3]

If Bitcoin was made illegal by your government and the punishment was very bad, would you still use it, would you still openly support it?

If Bitcoin Really  Made Illegal By My Government Of India Then I Don't Use It Because I Dont Want to Get Punished For Using Bitcoin And Then I Start Using Other Altcoins If Possible to Use in My Country Because You Only Said About Bitcoin....

[Zadicar]

If my government made bitcoin illegal then there will be a punishment if keep using it. And I am sure there will be no more bitcoin exchanger in my country. So, it'll be worthless if I keep using it while I cant convert it to my local currency. The answer is no, I wont use it anymore if my government forbade it!

Just because there won't be any legal exchanger in your country anymore doesn't mean that you cannot exchange your bitcoin into fiat. You can always trade person-to-person. Back then, there's no exchange websites. That is how they trade their bitcoins, by meeting up or by talking to each other online. You can also do escrow. Probably the transaction fee would be higher on this one but come on, you can't just shut down your bitcoin income just because of some hindrance.

The  question is  on how  you  gonna  do  p2p  on your country  if  bitcoin was  banned?  FOr sure   those  people  on your country would surely find  another  person  to  exchange  bitcoin to fiat . Other way to encash   your bitcoin is    to transfer  bitcoin to  your friends   to those  who  live on  country  which  bitcoin its  not ban then  let them  exchange those bitcoins  then transfer  the fiat  into  you by common ways.

[David Walters]

Would have to be careful with it, or stop using it. But if i had a lot of bitcoin i would just move to a better country that didn't ban it.