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Author Topic: What If Bitcoin is banned?  (Read 11373 times)
mornabo
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September 10, 2017, 12:03:36 PM
 #261

I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.

I would like to ask you how will you still use it?'
When It will be banned in your country then how can you use it or how can you exchange it in your cash? It will be useless for you isn't it?

If it's banned in your country you can only try to use/sell BTC via a VPN proxy connection (secure tunnel) to an exchange in another country where BTC is not banned. All data sent via the VPN tunnel is encrypted so not even your internet provider knows what exactly you are doing. Or (riskier) try to find someone in your neighborhood that will buy your coins and pay in cash.
I think although bitcoin is prohibited in one country even though it will not make the government blocking the internet exchange site #imo. in my country there is an appeal not to use cryptocurrency because of the risk of loss, but the government does not necessarily do blocking on sites about bitcoin let alone exchange sites
btccash24
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September 10, 2017, 12:20:42 PM
 #262

Bitcoin will be blocked in a lot of countries because most of the money lauderings happens on cryptocurrencies.
romeitaly
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September 10, 2017, 12:24:28 PM
 #263

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
I think I have no choice if bitcoin will be banned in my country. I will no longer use it because I don't want to be in trouble but I maybe a little sad because as a student I am enjoying bitcoin for my needs and for my family. I don't want to be a law-breaker because I just want to earn. I'll find another legal ways in earning money.

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Adioliver
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September 10, 2017, 12:26:17 PM
 #264

I will be really sad if bitcoin gets banned.
But I can't really express the kind of grief cause I haven't yet earned any.
TheBTCAlex
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September 10, 2017, 12:51:09 PM
 #265

Definitely won't use it, if the government even possibly finds out a way to track who uses BTC, as it is not possible due to BTC's decentralized structure. The government does cannot track or view or control transactions.

However, in the worst case scenario that this might happen, in theory, I would definitely not go against the law.

Qastessa
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September 10, 2017, 01:00:19 PM
 #266

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

It doesn't matter as many people are still using the bitcoins despite the ban from their governments.
People are using bitcoin now more than before because the price of the bitcoin is getting high day by day. In the future bitcoin will become more popular and common so that! People will use bitcoin when they will find it easy and profitable so that the demand of the bitcoin will be more high I also don’t think it is going to die ever and nor gonna be banned infect a lot of countries are trying and struggling to legalize bitcoin so it cannot be banned at all the network of the bitcoin is so wide.
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September 10, 2017, 01:30:39 PM
 #267

You can still transfer your bitcoin to any platform that can convert into fiat currency.
wilwxk
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September 10, 2017, 01:34:03 PM
 #268

I dont think this will make a big difference in the price or anything about the crypto, because bitcoin already its banned in aome countries like Venezuela, but the govern never will block the coin because we can still connect to internet with a proxy for example.
jc89
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September 10, 2017, 01:38:09 PM
 #269

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

For me, just like what others here said I will still use btc as long as I know that my purpose in using it is for me and my family's sake and not for illegal activities. There are other ways I think I can exchange it and one of the best ways I am thinking of right now is to send it to my relative in the US and let them do the exchanging. Then have her wired the cash to me in my bank account and of course I'll just give her some token of appreciation for her time and effort. Though there are some ways I might come up with later on, I think that's the best odea I've got so far. Let's just all hope btc will not be banned in our country for us not to go through any nuisance and enjoy our BTCs.

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stompix
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September 10, 2017, 01:38:30 PM
 #270

how they can banned it? they can not banned it. Who is accountable for bitcoin? they can not do it because btc is decentralized and owned by the public. If they want to banned it. They need to stop the internet and electricity forever.

They can stop exchanges from operating , banks from servicing accounts , preventing merchants from accepting coins and rounding up people who deal with bitcoins.
Those who act high and mighty behind a keyboard should read the story of BurtW

https://bitcointalk.org/index.php?topic=934268.0

Many of those who stay the government can't stop it would have pissed their pants if they were in his place.
And many countries have darker and deeper cells than the US.

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faycel96
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September 10, 2017, 01:44:18 PM
Last edit: September 21, 2017, 10:32:54 AM by faycel96
 #271

Everything is possible as there is a possibility that bitcoin will go to 10k usd there is a possibility that Bitcoin will banned
but i think that will happen Bitcoin is banned in one case If the Internet is stopped .

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September 10, 2017, 03:34:50 PM
 #272

If Bitcoin is banned in my country . i will   use btc in other country . Grin
Gumpfire
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September 10, 2017, 04:52:24 PM
 #273

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
If bitcoin was banned in our country, i will be so very depressed because all of my hardwork will be wasted and for sure i can't be able to use bitcoin anymore because the government will close all of bitcoins website so we can't use bitcoin anymore. So i really hope bitcoin will be never banned in our country and be a legalize currency.
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September 10, 2017, 04:58:01 PM
 #274

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
I guess if bitcoin was banned the price of it will decrease because some people will do not use it. In addition to that, if bitcoin was banned I will still use it because I know that it will help to become rich and I will transfer to other country where bitcoin was not banned. Lastly, I hope bitcoin would not banned in the future.
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September 10, 2017, 05:03:03 PM
 #275


If bitcoin is banned, just save it and go to a rich country in the future.
Colt81
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September 10, 2017, 05:31:26 PM
 #276

I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.
I will also still use it because I believe to the great potential of bitcoin. Furthermore, if bitcoin was banned in my country I will use it in other country and if bitcoin was banned all my efforts will be wasted so I hope bitcoin would not banned. Lastly, if bitcoin was banned it will have a negative effect in bitcoin community.
supine
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September 10, 2017, 05:37:57 PM
 #277

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

I think it's still possible to use bitcoin if it would be banned here in my country. Of course, people would find other means to convert the bitcoin they have worked on. Maybe through banks, I'll exchange my bitcoin into other currency and put it in my bank account. There's a lot of way to withdraw bitcoin.
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September 10, 2017, 05:42:43 PM
 #278

Wow that is rough.
I haven't even think about that in my whole time using bitcoin. You mean just like China did?
I might reconsider but there will always be a way to exchange it. I think there are using VPN's just so they could access the exchange. I am not sure but I will bet a large amount those who holds a lot of bitcoin are looking for ways to stay in the game and I might do that too.
Mister1k
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September 10, 2017, 05:46:36 PM
 #279

I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.
I will also still use it because I believe to the great potential of bitcoin. Furthermore, if bitcoin was banned in my country I will use it in other country and if bitcoin was banned all my efforts will be wasted so I hope bitcoin would not banned. Lastly, if bitcoin was banned it will have a negative effect in bitcoin community.

You should understand that bitcoin is not been confirmed as a legal money in many countries exception is Japan and some others. We need to get more adoption in every place then bitcoin will be widely use by everyone. However, how much you can please spread the bitcoin to every one using social media such as Twitter and Facebook.
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September 10, 2017, 05:48:25 PM
 #280

Absolutely not, it will be useless even though you are using it, you are just wasting your time and effort because you can not exchange it to cash anymore

Your point stays valid provided the authorities will be able to effectively ban it else it's just not important to speculate because it will take all exchanges around the world to close before Bitcoin ban can be effective because if you ban in one country I can in another and then buy back fiat in the previous country.
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