BTC Ban

[DarkIT]

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

[n0ne]

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

When bitcoin turns to be a threat to the growth of Country's economy governments will oppose it. Same happened in​the past when Yuan falls China made a inspection all around and made regulations as well stabilizing yuan. So when the real nature of bitcoin is understood governments won't oppose, they adopt it.

[pooya87]

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

When bitcoin turns to be a threat to the growth of Country's economy governments will oppose it. Same happened in​the past when Yuan falls China made a inspection all around and made regulations as well stabilizing yuan. So when the real nature of bitcoin is understood governments won't oppose, they adopt it.

bitcoin is money and it can not affect a Country's economy by nature.
and what China did had nothing to do with Yuan price and whether it fell or not. it was all about money laundering and many other illegal money related stuff in a big but unregulated place working with fiat called bitcoin exchanges.

[jorneyflair]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can't ban people from holding bitcoin.
Bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It's impossible.

What is possible is limiting people depositing fiat onto bitcoin exchanges in their country. They can require lots of ID and proof of the origin of the funds(think what China is doing right now), and basically cause a panic for bitcoiners in that country.

They can also limit your accounts on a centralised exchange, like Coinbase.
So make sure you don't use that, hold your own private keys!!!

[deisik]

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

When bitcoin turns to be a threat to the growth of Country's economy governments will oppose it. Same happened in​the past when Yuan falls China made a inspection all around and made regulations as well stabilizing yuan. So when the real nature of bitcoin is understood governments won't oppose, they adopt it.

bitcoin is money and it can not affect a Country's economy by nature.
and what China did had nothing to do with Yuan price and whether it fell or not. it was all about money laundering and many other illegal money related stuff in a big but unregulated place working with fiat called bitcoin exchanges

You seem to have got something backwards

Money is the thing that affects an economy of a country most strongly. There is even a proverb which basically says that if you want to destroy a country first destroy its money. The invention of money is of the same scale as invention of wheel and catching fire. Just imagine where we would have been (or rather remained) if we were still using only barter. Right now, Bitcoin is of no great danger but with instant off-chain transactions it may quickly become a major threat to and pain in the ass of many governments

[perla]

Government maybe can ban bitcoin but to track each user in their country i don't think they would do it everytime. in my country bitcoin not legal yet but we still can use bitcoin with our own risk. so no regulation about it

[noictib]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

No doubt that bitcoin is already banned in some countries and it will happen for another countries also where people are using bitcoin to hold or make trading or earning or making deals with the bitcoin .
Here the condition to ban bitcoin in any country will arrive when the government officer will try to ban and no one will can against this decision by and if no one will came to tell advantage of bitcoin in better way for better use .
If the same thing happen then surely bitcoin will got ban but if the bitcoiners of that country will explain in postive then about it is impossible to ban bitcoin .

[klf]

Government maybe can ban bitcoin but to track each user in their country i don't think they would do it everytime. in my country bitcoin not legal yet but we still can use bitcoin with our own risk. so no regulation about it

Basically, governments not able to track the transactions of bitcoins and they may not be knowing the source of investment so most of the governments are not with bitcoins. Last week in Indian parliament also one minister bring up this issue to ban the bitcoins to use in India.

[CraigWrightBTC]

Government maybe can ban bitcoin but to track each user in their country i don't think they would do it everytime. in my country bitcoin not legal yet but we still can use bitcoin with our own risk. so no regulation about it

Basiccally make investments into bitcoin is high risk losing money, i think it is one of many reason
the government ban usage of bitcoin on their countries
also the government can not control about bitcoin because of decentralized of bitcoin but it is good fetures
that make bitcoin is still alive until right now and the comunity of bitcoin will make bitcoin is alive.

[deisik]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can't ban people from holding bitcoin.
Bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It's impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using Bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn't threaten any government in any meaningful way. Basically, most of Bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

[skorupi17]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can't ban people from holding bitcoin.
Bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It's impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using Bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn't threaten any government in any meaningful way. Basically, most of Bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

I wouldn't say impossible, yes it is difficult but it is not entirely impossible. Some countries require bitcoiners to verify their identity in order to convert BTC to fiat. With this, the government may identify a person who's currently holding bitcoin saying that they ban bitcoin now. Another, due to the  advancement of certain government agencies, they can track transactions using bitcoin and pinpoint the person using its IP Address. So basically, it is not entirely impossible.

[deisik]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can't ban people from holding bitcoin.
Bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It's impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using Bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn't threaten any government in any meaningful way. Basically, most of Bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

I wouldn't say impossible, yes it is difficult but it is not entirely impossible. Some countries require bitcoiners to verify their identity in order to convert BTC to fiat. With this, the government may identify a person who's currently holding bitcoin saying that they ban bitcoin now. Another, due to the  advancement of certain government agencies, they can track transactions using bitcoin and pinpoint the person using its IP Address. So basically, it is not entirely impossible

I would like to hear more about these "certain government agencies" (and their methods of revealing one's identity)

And how they are going to pinpoint a person (his IP address) by tracking his Bitcoin transactions, more specifically. You should understand that it is not enough to claim something, you have to provide some evidence actually substantiating your point. Apart from that, I don't think that anyone is particularly interested in vague rationale about such a possibility. Indeed, if someone reveals himself all his personal info at every corner, it won't be difficult to track him down. But you don't need to be a government agency to do that, obviously

[Yuuto]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can't ban people from holding bitcoin.
Bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It's impossible.

What is possible is limiting people depositing fiat onto bitcoin exchanges in their country. They can require lots of ID and proof of the origin of the funds(think what China is doing right now), and basically cause a panic for bitcoiners in that country.

They can also limit your accounts on a centralised exchange, like Coinbase.
So make sure you don't use that, hold your own private keys!!!

Well, I would say that I agree with you in almost every point, but the thing is that if bitcoin will be banned totally, you still can store it somehow: but how would you cash them without using bank account/bank system?
Only for cash, and that is also risky, because you dont know if the buyer isn't the police.

Another important aspect is that the bitcoin price would fall pretty hard in case of BTC getting forbidden all over the world, so that would be another reason to leave the bitcoin alone.

[YuginKadoya]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

The causes of a country banning out bitcoin to their country is earning bitcoin doesn't have tax it is all yours only transaction fee was the only way on taxing it, and I think the government really wants to control bitcoin, I don't really know how is a country would ban out bitcoin, but in my opinion taking out the internet access of the country or blocking the sites that are bitcoin related, or if a person had make a transaction regarding bitcoin they can surely know and pinpoint the location of it, but the thing is I think that they would realize the thing that is lost if they truly ban bitcoin from their country.

[dianikusuma]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

may be is goverment thinking that bitcoin is scam ..
but bitcoin ban by goverment is imposible but bitcoin can run without goverment

[kiklo]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

Any country on the verge of a conflict with China, would be wise to dump BTC as soon as possible.
Blocking BTC Transactions is an ability their 68% gives them.


 

[deisik]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

Any country on the verge of a conflict with China, would be wise to dump BTC as soon as possible.
Blocking BTC Transactions is an ability their 68% gives them

Right after Trump had been elected as a new president of the US we discussed this issue

I basically claimed that the Chinese miners could potentially retaliate on the Bitcoin users from the US by deliberately blocking all their transactions (i.e. not including such transactions in the blocks they found) if Donald was really going to fuck up with China. The consensus had it that it would be impossible to do, and I remember you posting there too (though I may be mistaken). What changed since then?

[Quietman]

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

Probably, well that is for politics-oriented countries,mostly. When a country's government is politics-minded, they might ban bitcoin because of personal interest. However, if a country's government is concerned about the country's change and growth, they will utilize bitcoin into their advantage.

[Ayers]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

the government can ban bitcoin because they think bitcoin is making people avoiding tax, or making people use it for deepweeb CP, like in russia, or any other illegal things, but no government really banned bitcoin for now, ah well maybe bangladesh, but they can't ban people that use bitcoin, when they ban bitcoin they say, that if you use bitcoin they put you in jail, this scare people and make bitcoin less usable in that country

[Juggy777]

I don't think any country has so far blocked it. It will be really under some extra ordinary circumstances. One which I sadly am starting to believe is terrorist, it's hard to believe but they are using it and if it continues it will lead to a sure shot ban. Then I feel next would be taxes that the government is suffering. It's a sad reality but the government does loose a lot of taxes. Other than that I don't think there should be any other reasons.