Maybe governments can stop bitcoin after all

[Tigerheart3026]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

I think base aon what I read in the forum I just know what section it is, there are aleady other country they banned bitcoin then after a short period of time they revoked what they did unto it. so I think same thing with the ico coins because it is also a virtual/digital currency like bitcoin only their values is there difference.

[Mikle]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Government has nothing to do with bitcoin because they aren't the one who holds it. And there are no reasons for the government to stop the bitcoin because as we can see the feedback about the bitcoin was very good and it says that it is very advantagable and it helps a lot of person in terms of financial problems.

There is an issue related to that. It is clear that the government can not control Bitcoin flow. However, they oblige merchants (e.g. cryptocurrency exchanges) to comply with AML and KYC procedures, making it difficult to exchange Bitcoins to "real" currency.

[BarbieCasino]

The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.

I don't know why people say this things like government will control bitcoin etc. You think bitcoin will be decentralized and stay decentralized all this years if the government know this will happen? And now that they know that, why aren't they having any movement about it? It is a huge threat to the banks but government don't really cared about it. They are happy collecting taxes so they are all good.

bitcoin is flowing like fast river and no one can ever stop it so it is very crazy to think that bitcoin is going to stop ever infect bitcoin currency is increasing in the popularity as well because now a lot of countries are accepting bitcoin and they want it to become legal currency hope and hope comes true so I hope soon bitcoin will become a legal currency and then no one will be able to stop the spreading journey of the bitcoin for sure.

[iluvpie60]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

If governments make crypto illegal, it stands to reason all currnecy in any video game would also be illegal if it was tradeable.

Runescape gold, WoW gold, it is all sold for USD on the market. Second Life credits and lots of other things are sold for USD and used to buy and or sell things. I really doubt it would happen.

[Dhaaaw]

I don't want to be offensive but the ICO banning was made in China and i personnally think that's one crazy country with the Communist Party of China in power. But,not all countries have the same social and economic system that's why most countries will do what is good for it's people and just let bitcoin be

[aardvark15]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

I think we are too far into the development of Bitcoin to make it illegal. There are too many businesses that have started because of Bitcoin and many others that have adapted to Bitcoin and cryptocurrencies to stop now.

Even if they over regulate Bitcoin, it will continue to live as it was intended which is a blockchain that can exist separate from any government. It can still be a way to store money and make transactions.

[entrepmind23]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

It is possible that they can make it illegal but then there are just so many people nowadays that use it and banning it would just make many people violate the law cause they will still continue to use it. I think banning those ICOs is good because the government can see that it is getting out of hand. Many people are attracted to invest in ICOs because of the profit potential but then many are scammed eventually because some scammers take this opportunity because ICOs are trending and its hard to determine if the coin has a real purpose or just a sh*tcoin.

Yes government has the power but I think its too late for them to stop bitcoin because it is going mainstream and if they ban it then they deny the people of the opportunity to have a technology that has the power to change the way the money flows today and its really a big help to stop those people who use their power to abuse people because information would be transparent and they cannot just easily get away with it if the evidence is in public.

[bakkang]

The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.

It shouldn't be involved with the government because we didn't know what government could do to bitcoin. Governments now is very selfish when it comes to money they want that all money will be sent to them those people who are in the government. So I believe that bitcoin should be cared by the developers because once bitcoin will involved to government therefore there's something happened that are not good.

[rtinedal]

The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.

im agree that if the government controls the bitcoin it is possible to destabilize its price. The world bank will recover the big money bitcoin conquered. When the world bank moves undoubtedly affected all banks around the world. if there is 21million of bitcoin great value now .. fiat vz bitcoin as of now bitcoin is a winner because there is no government controlling price.

[BossMacko]

Government will always be government if ever they will pass a law that can really kill Bitcoin it only means that they need someone from the legal team of Bitcoin to give them tax for them to continue to ignore Bitcoin. The reason why Government will possibly do this is because the more people who uses Bitcoin the less they are getting from the tax. Because as we all know if we used Bitcoin we can use this for transaction, buy and sell or even in gambling and those are the things that government get tax.

[Uberzugzug]

Yes it actually can. The government has the full power to everything and if they want to impose a law on stopping something, they can. Sad truth.

[Rose119]

Yes it actually can. The government has the full power to everything and if they want to impose a law on stopping something, they can. Sad truth.

But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.

[ipanks]

if governments want to control bitcoin, then i am sure that they have hidden purpose and they will do many things to make sure they can controlled and handle bitcoin. but one thing they should know that bitcoin can not controlled by any people because bitcoin is like a freedom for each people and the system is not centralized so government can not do anything except to watch the transaction without know who is the sender and recipient and for what the transaction has been made.

[Bunsomjelican]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Government has nothing to do with bitcoin because they aren't the one who holds it. And there are no reasons for the government to stop the bitcoin because as we can see the feedback about the bitcoin was very good and it says that it is very advantagable and it helps a lot of person in terms of financial problems.

I agreed on what you just said mate, Bitcoin can really give  benefits to each country especially to their economy. If they will ride on the flow and the goodness of bitcoin surely be pour out in their country.

[Malaya]

I am very positive that this will not happened after all. For as long as bitcoin is being used well, these deeds will accumulate what it deserves. Usually people in the government leading them are those not really aware of the new things we have now in our society. By just educating them perhaps will help.

[rodskee]

i trust bitcoin and the dev's of bitcoin for have an issues about banned of ico in more countries like china and russian government, but i believe will reslove this problem, the proposal of the russian government if i'm not wrong, russian want to regulate the bitcoin how to use properly the reason is the bitcoin use of some illigal activities like terrorism.

[OmegaStarScream]

But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.

Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat.

[kryptqnick]

They dont have to completely stop bitcoin to kill it.

Introduce a new law where anyone caught using bitcoin gets 20 years in jail and watch the userbase shrink overnight and the price plumet as the majority dump.

You would always get the few that continue to use but but not enough people to maintain current price point.

Nah, most of developed countries are rather liberal and democratic. Such a law will cause major protests of people as well as huge companies that can lose their money due to such actions. Those countries which will perform such actions will simply be crossed out of the most influential ones. I think btc as well as other coins are safe.

But if you think about bitcoin it will help the country's economy, why would they do it by law, it's sad to see if that day is coming. Better in other countries bitcoin is legal and they can use it everyday.

Who cares about the economy exactly? maybe the citizens but the people on the top of the top are literally making money out of thin air, as long as they control the currency, they really don't care but when you offer something decentralized that cannot be controlled by them, then you become a threat.

If these people on top are smart and really want to get lots of money, they probably sell fiat and buy btc for it as well and they won't do something that may hurt them.

[BossBee]

This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Bitcoin was in the process of pushing the top of an ascending wedge. In technical analysis that's a signal for bearish correction and was going to happen regardless of any news or not. The ban affected NEO the most any way and it's Chinese ICO's. And The real sad reality is that Americas 19 trillion dollars in debt, with its sole greatest asset on paper being the student loans of its citizens, and that it carelessly prints off money and siphons off inflation to other countries by way of  Nixons deal to back the worlds supply of oil by US dollar. If you think this house of cards going to last the rest of your life time the way it is your dreaming. People are going to be begging to get into crypto when the Dow crashes.      

[Reid]

Correct. They can easily make a law regarding crypto and ban it in their country. That is somehow sad and how can we fight when that will happen to bitcoin.
Who will be the countries that will stay and will support bitcoin or let it be.
I dont think Chinese investors will let this happen and including people who have invested a lot of money buying bitcoin. This will be a fight of the rich and we can only support them.