BTC Ban

[SvenBomvolen]

Banning bitcoins from the government will look the same like when they ban porn sites or different terorristic pages on the net and many other things like that. It is not so impossible, indeed. We are all controlled and seen, just we don't realise that. Yes, maybe in some countries the government comes freely to the point of banning of diffrent sites which bring illigle or just "not good" information. But in developed countries this point solves very fast. So, if they can ban bitcoin if they want easily.

[Quantus]

Most Democratic countries will have a hard time out right banning Bitcoin but even in America companies can have their banking accounts closed, assets frozen and be prevented from using traditional money transfer systems by alleging they are enabling money laundering. 

If this happens Bitcoin will be pushed underground but it won't die.

Bitcoin may even get a boost if banned, because kids love to rebel against the system.  I wouldn't be surprised if Bitcoin got a huge boost in price after becoming illegal. Kids smoke pot and drink to be "cool" and these activities are cool because they are illegal. Pot use has fallen in states were pot has been made legal. If you tell a kid he/she can't have or do something that just makes them want to do it more.

[mylabs01]

Governments can ban bitcoin or make it illegal but there is no concrete way to actually stop us from using it. Maybe it will be harder for us to exchange it to fiat because exchanges will be shutdown but there are still other ways. They can never really stop this.

it will be hard that the government will stop bitcoin or ban it because of the internet. we all know that a person can access bitcoin if there is an internet. so if that happens, the government must shut down its internet connection first before it can ban bitcoin. just my opinion.

have a good day mate.

[deisik]

Banning bitcoins from the government will look the same like when they ban porn sites or different terorristic pages on the net and many other things like that. It is not so impossible, indeed. We are all controlled and seen, just we don't realise that. Yes, maybe in some countries the government comes freely to the point of banning of diffrent sites which bring illigle or just "not good" information. But in developed countries this point solves very fast. So, if they can ban bitcoin if they want easily

Who are those controlling and overseeing us, aliens?

Ultimately, such control and supervision is ineffective and inefficient on purely economic terms. You would have to pour tremendous amounts of money into such a system and hire half the population so that they would spy on the other half of it. And pour even more money and hire the other half too to spy on the first half. It makes sense to sift the data collected by government agencies in search of die-hard criminals (like drug dealers and pedophiles, or similar dregs of society), but if most people turn into drug dealers the system will quickly get stuck and become utterly useless

[warwar]

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 most probably thing or cause of government banning bitcoins everywhere is when bitcoins beat up financial system run by the world government.They dont like that way bitcoins is because it will threaten them and no government would let that happen.Also one reason that may cause this problem is legality issues of bitcoins.

[deisik]

Bitcoin may even get a boost if banned, because kids love to rebel against the system.  I wouldn't be surprised if Bitcoin got a huge boost in price after becoming illegal. Kids smoke pot and drink to be "cool" and these activities are cool because they are illegal. Pot use has fallen in states were pot has been made legal. If you tell a kid he/she can't have or do something that just makes them want to do it more

There won't be any boost

And you'd better not hope for that. As I explained it many times already, Bitcoin value directly depends on how wide it is being used. The wider it is used, the higher will be its price simply because more people will be chasing the same amount of bitcoins. The value of pot doesn't depend on how widely it is used, since it will be the same pot whether it is widely used or not. In fact, it could be plausibly claimed that if its use expands its price will actually decline eventually since there will be a lot of incentive to produce more of it (remember, the number of bitcoins won't increase in a similar case since the supply of bitcoins is rigidly fixed), and then economies of scale will inevitably kick in which will lower the prices over time

[posternat]

It isn't easy to ban Bitcoin due to its decentralised nature. Bitcoin can be banned in a sense that businesses are not allowed to accept Bitcoins as a form of payment and exchanges cannot operate in the country. You can try to reduce the number of nodes that people in a country can connect to by implementing a firewall. Bitcoin would just be made more difficult to access, not restricted completely.

This can only happen in few countries and few business where they can ban bitcoins and stop people from using it. People will still use it online and in other businesses where they is no such Ban.

Yes, due to the technical nature of bitcoin, the complete ban is totally out of question. Banning is few organizations wont help to the organizations themselves as this is like closing the eyes towards the new technology, means failure of the business in the future.

[dmamigo]

It isn't easy to ban Bitcoin due to its decentralised nature. Bitcoin can be banned in a sense that businesses are not allowed to accept Bitcoins as a form of payment and exchanges cannot operate in the country. You can try to reduce the number of nodes that people in a country can connect to by implementing a firewall. Bitcoin would just be made more difficult to access, not restricted completely.

This can only happen in few countries and few business where they can ban bitcoins and stop people from using it. People will still use it online and in other businesses where they is no such Ban.

Yes, due to the technical nature of bitcoin, the complete ban is totally out of question. Banning is few organizations wont help to the organizations themselves as this is like closing the eyes towards the new technology, means failure of the business in the future.

Even if its banned, people who have used it will always continue to use it, because its such a great opportunity. And yes, banning will only pull back the the specific country and organisations growth if they banned BTC.

[Dorky]

Even if its banned, people who have used it will always continue to use it, because its such a great opportunity. And yes, banning will only pull back the the specific country and organisations growth if they banned BTC.

That's a very naive thought.

If bitcoin gets banned (which also includes all the business operations associated with it), then where will you refer to for the price of bitcoin to make a transaction?
Like saying, "The price will still be $1,200/unit."
Well, where is this "$1,200" that you get from? Who gives you that quote?

[(altair)]

Banning bitcoin will make a big problem in country that has the most number of bitcoin users.In fact there is already some country where bitcoin is banned in,one i know is russia due to reason that terrorism grow there because of bitcoin terrorist are able to supply their ammunationd many other things.

[deisik]

Even if its banned, people who have used it will always continue to use it, because its such a great opportunity. And yes, banning will only pull back the the specific country and organisations growth if they banned BTC.

That's a very naive thought.

If bitcoin gets banned (which also includes all the business operations associated with it), then where will you refer to for the price of bitcoin to make a transaction?
Like saying, "The price will still be $1,200/unit."
Well, where is this "$1,200" that you get from? Who gives you that quote?

The price will obviously crash if Bitcoin gets universally banned

But even if all countries "unite" to ban it (which is an unlikely event, anyway), they can't ban cyberspace as such (banning Internet is an even less likely event than banning just Bitcoin alone), and many exchanges which are not there yet (such as, for example, Bitfinex) will have to urgently and completely move to cyberspace (if they want to continue to be involved in Bitcoin trading, of course). So, as I'm inclined to think, there will be enough places to get price quotes from, though withdrawing fiat will be troublesome indeed

[iv4n]

Governments won't ban bitcoin for long (India) when most of the top politicians, leaders and central bankers are working for the rothschilds, even though they absolutely can.

One by one, they will all adopt bitcoin. You will see.

Your words leading me to think that Rothschild`s have something with inventing of bitcoin, or if not that then they have a lot of bitcoins or mining rigs which is more likely. I think that some countries will not adopt bitcoin, world is working like that, there will always be people who will be against bitcoin, and they will stay traditional and conservative in any way. Japan legalized bitcoin couple days ago, and that is a good step for btc, we will see what will happen, on this things we can not inflict, we can just stand and watch.

[zahra4577]

Governments can ban bitcoin or make it illegal but there is no concrete way to actually stop us from using it. Maybe it will be harder for us to exchange it to fiat because exchanges will be shutdown but there are still other ways. They can never really stop this.

it will be hard that the government will stop bitcoin or ban it because of the internet. we all know that a person can access bitcoin if there is an internet. so if that happens, the government must shut down its internet connection first before it can ban bitcoin. just my opinion.

have a good day mate.

While any ban on government might not be that effective but it will certainly create many problems for bitcoin users.
For example,if btc is banned by Indian government,all centralized btc exchanges will have to shut down their businesses and share all their users info with government.

[Red-Apple]

Even if its banned, people who have used it will always continue to use it, because its such a great opportunity. And yes, banning will only pull back the the specific country and organisations growth if they banned BTC.

That's a very naive thought.

If bitcoin gets banned (which also includes all the business operations associated with it), then where will you refer to for the price of bitcoin to make a transaction?
Like saying, "The price will still be $1,200/unit."
Well, where is this "$1,200" that you get from? Who gives you that quote?

when and if someday bitcoin was banned, the price will take a hit for sure but that has nothing to do with what dmamigo said!

in order to use bitcoin the only thing necessary is bitcoin having a value. it doesn't matter how much.
have you forgotten the 10000BTC pizza story?
and price is only determined based on supply and demand. as long as there are peers demanding bitcoin in exchange for something, then it has value. it can exchange of 0.001BTC for one cup of coffee or it can be exchange of 10000BTC for a cup of coffee.

[deisik]

Governments won't ban bitcoin for long (India) when most of the top politicians, leaders and central bankers are working for the rothschilds, even though they absolutely can.

One by one, they will all adopt bitcoin. You will see.

Your words leading me to think that Rothschild`s have something with inventing of bitcoin, or if not that then they have a lot of bitcoins or mining rigs which is more likely. I think that some countries will not adopt bitcoin, world is working like that, there will always be people who will be against bitcoin, and they will stay traditional and conservative in any way. Japan legalized bitcoin couple days ago, and that is a good step for btc, we will see what will happen, on this things we can not inflict, we can just stand and watch

Do you know why there are no Jews in China?

In fact, this is not technically correct since there are about a few thousand Jews in China, but given the country's population of around 1.4 billion people, this number is truly negligible. So why are there no Jews in China even despite overall neutral attitude of Chinese people toward Jews? Basically, because the Chinese are the Asian Jews themselves, and Rothschild's bros can hope for nothing there. Thus your whole point has more to do with conspiracy theories than harsh reality

[Dorky]

Your words leading me to think that Rothschild`s have something with inventing of bitcoin, or if not that then they have a lot of bitcoins or mining rigs which is more likely. I think that some countries will not adopt bitcoin, world is working like that, there will always be people who will be against bitcoin, and they will stay traditional and conservative in any way. Japan legalized bitcoin couple days ago, and that is a good step for btc, we will see what will happen, on this things we can not inflict, we can just stand and watch.

Well, the rothschilds created bitcoin for us in order to keep track of us totally (how much wealth we have, what asset we own, what we buy/sell, etc).
Bitcoin is their "money" to digitize us all.
But bitcoin is not their money, because bitcoin is artificial.
The money of the rothschilds is gold, but if we have gold as wealth, then the rothschilds would not be able to control us, thus bitcoin is needed for the job.
The rothschilds don't need bitcoin to stay rich or maintain their existing wealth, because their wealth is in gold.
In the future, the "value" of bitcoin will reach such a high level that people that hoard gold will conveniently exchange bitcoin for their gold.
This is effectively a "strip away" of the real wealth that we have in exchange for a digital wealth that is not only fake but also a mean of control/dominance.

Most governments are behind the rothschilds' dark syndicate.
Most of the politicians are corrupt and willingly play along with the rothschilds' game because that solidifies each other's power over their own people.
The people that will be against bitcoin will not be the government people/politicians, but people like you and me (average joe).
These people that are anti-bitcoin will be a sort of economic outcast in the future.

Japan legalizing bitcoin gives confidence to other Asian governments to follow along (Japan is a pretty conservative country, so if a conservative country is willing to adopt bitcoin, what more of countries that are less conservative, something like that).
Japan's adoption will also help the rothschilds to discover how acceptable is bitcoin to the japanese people and identify the rate of adoption and acceptance now that it is legalized.
The rate of adoption helps the rothschilds identify the right timeline for carrying out their plan.

[Dorky]

Do you know why there are no Jews in China?

In fact, this is not technically correct since there are about a few thousand Jews in China, but given the country's population of around 1.4 billion people, this number is truly negligible. So why are there no Jews in China even despite overall neutral attitude of Chinese people toward Jews? Basically, because the Chinese are the Asian Jews themselves, and Rothschild's bros can hope for nothing there. Thus your whole point has more to do with conspiracy theories than harsh reality

Do you know who funded the Chinese communists?
It was the rothschilds.

Your harsh reality isn't harsh enough.
The one that's truly harsh will force you to feel totally hopeless and helpless and give up life on earth (i.e. go spiritual, like becoming a monk or something like that).

Societies around the world are degenerating.
Moral and ethics are falling lower.
By right, technology was supposed to help us transcend beyond materialism, but instead people become more materialistic than ever.

[Dorky]

Humans are in a form of bondage.
And that bondage is the result of us worshiping the money god.
It is our worship of the money god that gives power to the rothschilds.
By right, we don't even need money to survive and prosper.
The earth is so rich and bountiful, and we are so intellectually advanced that all needs can be easily managed by automated technologies while life on earth should be about joy, adventure and discovery.
By right there should be no poor people, no people in hunger, and no sick people.
All resources can be efficiently utilized and allocated to build the most advanced and hi-tech infrastructures on earth instead of wasted on high-quality products for the rich vs low-quality products for the poor.
The low-quality products experience lower durability and get tossed in landfill and pollute the environment.
And the humans unnecessarily slaving for generations and lifetimes supporting the false economic system of the money god just for daily survival that can already be easily met with today's technology.
Why are we succumbing to the money god?
Why are we succumbing to materialistic pursue?
Our lifestyles are a bunch of falsehoods made up to cater to the money god and its system.
When are we going to stop?

[jovs]

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 bitcoins if it goes out of control. This would mean that it becomes a vector for money laundering and black market activities and has become a haven for criminals. But of course if in the beginning the government had set up rules and policies before the acceptance and adoption of BTC then it cannot be used in criminal activities. If in case the government will ban bitcoin it doesnt mean that people cannot hold bitcoins anymore but they cannot convert their btc to local currency or sell them in their neighborhood.

Before the government can reach bitcoin they should know how the transaction work meaning to say they need to legalize first the bitcoin program in transaction so they can control it. And even if it happened i guess the government will not banned the bitcoin because they will become aware on the positive attribute of the bitcoin on transaction and prince increased. They can also control the price and demand if necessary.

[Stedsm]

Generally speaking, they are government, and if you know, they are ruling and need no reason actually to ban Bitcoins. They might come up saying Bitcoins are being used for illegal activities more than for its privacy purposes. What agendas they put in front of people have nothing to do actually with its ban, but what they will be planning is all we need to know. Govt may even take interest in people's money that they are making through Bitcoins, may not ban but levy some handsome taxes over it which would let everyone either stop doing it or pay those amounts.