Serious topic: how can we be sure Bitcoin will not be banned by most countries?

[the rise]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

If that happens then it will cause a tremendous panic, many markets will become illegal and threatened to close, but I think they will not be that way because realize the potential bitcoin in the future, many famous businessmen who will fight them with scientific explanations, including some people in parliament that would convince the President to think more intelligently.

[i287853]

For me it is pretty unlikely to have Bitcoin banned in most of the countries. If several governments decide to ban the use/ownership/... of bitcoin (they can not ban Bitcoin as "technology")
we will have to follow their laws and are pretty helpless. Governments already showed us they "do whatever they want". It's hard to look ahead into the future.
But i still believe there are far bigger problems governments are/should focusing on. And Bitcoin will stay Bitcoin.

that is correct, especially on third world countries. They have far more important issues to deal with other than bitcoin. It would also take a lot of time effort and funds to enforce banning the use of bitcoins. Some countries already did it but i don't see it being done on a larger scale.

[susila_bai]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Its impossible to ban the bitcoin in all country. Because there's one country who made thw bitcoin and im sure about that. If no country create the bitcoin then why as of now the bitcoin is alive ? Im sure that the givernment of that country is make a way to sure the bitcoin can't destroy

Nothing is impossible because if the main purpose of cryptocurrency / Bitcoins use started to get only in illegal way then automatically all country will ban it and even the country which accepts bitcoin will ban it again because all country can do anything in the interest of their country. If their is serious threat to all country peoples and their economy then automatically all country will get united and can ban it internationally and declare it as illegal to use it. So always think anything can happen and only invest which if lost dont affect you.

[e-coinomist]

"Most" always implies one missing, and BTC themselfes travel lightely accross country borders. Problem solved.

But lets take better examples seen on that "Some countries are opening doors to adopt cryptocurrencies in a larger scale" article from Deepdotweb 10/8 where they start with Estonia's e-Residency.
And they mentioned a real estate broker from Dubai, that Lady Michelle Mone as an adoption example. Selling higher value appartments for BTC. People of that class will assure that some countries always will take a welcoming approach on bitcoin.
We geeks are just early, but not the biggest influence.

[lucifochrome]

Well in this world nothing is impossible, or should i say that the thought of bitcoin being banned by most countries is not yet possible. In this modern day and age we are already moving from the traditional and into the digital world same goes with bitcoin.
One by one countries are supporting bitcoin some already legalized it while some government are trying their best to control bitcoin completely but that is not yet possible as they dont really own the network so what they do is put restrictions on it, not completely banning it since they can still benefit  from this.
Now, to answer the question. In my opinion we can prevent the government from banning bitcoin by just following the rules that they will impose.
I know some will think that it may not be fair especially with those corrupt government as they will try their best to control the market.

[Hyperme.sh]

Serious topic: how can we be sure Bitcoin will not be banned by most countries?

Because our slave masters created Bitcoin:

The thread has gone off topic.

No, no, no, it has stayed on topic. Just because you disagree with my hypothesis, doesn’t mean my posts are off-topic. That is a disingenuous claim. Disagreement is not proof.

Why hasn't any government stopped Bitcoin? Because the Zionists are pulling the strings in government and because Bitcoin was designed to be superior to the jurisdiction of any single nation-state (but the Zionists pulling strings and preventing any potential nation-state cooperation to stop Bitcoin will also be a factor). The Zionists want Bitcoin to succeed because it serves several aims:

• It’s creative destruction of the nation-state central banks with themselves as the central bank in control of Bitcoin at the end game.
• It’s a marvellous globalized tracking device.
• It helps them eliminate cash, which is difficult for them to control. Bitcoin they will control and can turn off anyone’s number precisely as predicted in Revelation.
• Given their control of the only two 14mn ASIC fabs in the world (via proxy as the financiers), they are indirectly gaining the seigniorage of issuing Bitcoin (mining).
• It fools all the “useful idiot” nerds into supporting them.
• It provides a system for them to more efficiently launder their drug and other illicit activities money and funding of their operatives all over the world.
• Provides a way via unregulated speculation and offshoots such as ICOs for them to promote self-incrimination of wide swaths of the very people who might otherwise be able to defeat them.
• Gives them an alternative to the barbaric, non-electronic relic gold, as they crash and reset the global monetary system circa 2020 to 2024.
• It’s a Hegelian dialectic leverage against the nation-states which they want to force into submission to a world government.

Did you not listen in the videos I linked for you of the power the Zionists have even at the local government level in the USA.

I will be editing this post and adding more information to make my case stronger.

Mainly I’m disappointed that you just declared you’re correct without retorting the vast number of details I have linked to both in my past discussions with @dinofelis, my logic about Satoshi’s necessary priorities, and the details in the videos about Mossad implementing the 9/11 slaughter.

Satoshi did not choose to "enable" ASICBoost, that is corruption and conspiracy.

Disagree. I already explained that […]

My gosh I (not intentionally) made the 66th reply again after making the 666th reply about EOS recently.

[chennan]

You can't really be sure that Bitcoin won't be banned... but the thing that makes Bitcoin "Bitcoin" is that it is peer to peer... meaning that you don't have to worry about governments "banning" it.

Say if they shut down coinbase, xapo, etc; you will still have comfort in making trades with other Bitcoiners in a peer to peer fashion... either through places like localbitcoins or bisq.io

[qwertyup23]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Should there be a word-wide ban on bitcoin utilization, then I would cash out immediately my remaining coins to fiat. But banning bitcoin in most countries is deemed impossible since the benefits and opportunities it provide supersede the negative implications and disadvantages of it. Each country recognize its potential to the general public and the economy since it increases the money supply on the market, and provide an alternative way of earning money to the underemployed and unemployed sectors.

[fiulpro]

  Hey
 if countries would have been looking forward to ban it some countries wouldn't have accepted bitcoins , as in made them legalized and taxable.
With so many users possessing bitcoins I doubt if thats possible, yes a dictator ship can prove to be highly negative for bitcoins but in a democratic countries, I don't think there is any possibility of getting banned.
Bitcoins are doing a great job in providing people with opportunities and making transactions more stable , I don't think government can forsee this...

[vinc3]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Holder here as well, for me all I can say about your questions is nobody knows what the future holds, so we should really make the most out of each and every day in this crypto world. For we would not know what lies ahead the future. We might be very optimistic for the moment but what if something happens in the next few days. I truly believe that banning of bitcoin is useless for no country holds the off switch of the bitcoin. We might just enjoy it while it is here. Let's just believe that the future is good every-time we wake up, for what we ask or seek is what is given to us.

[Victorycoin]

You can't really be sure that Bitcoin won't be banned... but the thing that makes Bitcoin "Bitcoin" is that it is peer to peer... meaning that you don't have to worry about governments "banning" it.

Say if they shut down coinbase, xapo, etc; you will still have comfort in making trades with other Bitcoiners in a peer to peer fashion... either through places like localbitcoins or bisq.io

Basically, it is the same thing as saying that, talks of banning Bitcoin, are barking toothless dogs, because the implementation have been proving the few that experimented with banning Bitcoin wrong. In effect, Bitcoin cannot be banned, they would have already done so if it were possible. Many more countries are going to have to accept Bitcoin and then try to legalize it, that is the best option open for them.

[dewi91]

if some countries try to ban bitcoin, but many more countries try to legalizing bitcoin. example some countries in southeast asia are considering to legalizing bitcoin.. and in my country even though the goverment not recognize bitcoin, but the goverment not banned bitcoin..

[eaLiTy]

if some countries try to ban bitcoin, but many more countries try to legalizing bitcoin. example some countries in southeast asia are considering to legalizing bitcoin.. and in my country even though the goverment not recognize bitcoin, but the goverment not banned bitcoin..

The issue of banning bitcoin and regulating bitcoin are entirely different,only a few countries have banned bitcoin all together and the rest are trying to regulate the exchanges and not bitcoin,bitcoin network cannot be banned and for the countries that banned bitcoin they cannot run an exchange but they cannot restrict their citizens from transacting with bitcoin.

[Rishabh riyz]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Bitcoins are not actually banned in China , they just cannot be used or converted into their native currency Renminbi by the help of banks .
Miners are free to mine and the traders accepting bitcoins can take Bitcoins as transaction currency.
Same goes for Russia , the Russian Central bank didn't ban bitcoins they just proposed to put restrictions on the exchanging sites that offers every crypto currency not just bitcoins. People can use bitcoins but they cannot buy them from online shops.

Bitcoins have a huge advantages and no country would like to ignore them , the developed countries already started using bitcoins, the increasing rate of users also kind of insures that Bitcoins would not be banned across the globe by any country.

[Taskford]

We will not get banned by most of the countries because bitcoin is not doing any illegal thing that will provoke the government to ban bitcoin. Bitcoin will stay what it is and a lot of people will just come in bitcoin and instead of banning it by the government, they will just adopt it and use it also.

[Gloria_16]

It has been legalized already in some countries, for example, in Japan, it is impossible to prohibit the crypto currency, since it is impossible to prohibit the Internet.

[Usui-Chan]

It is unlikely that most countries will ban bitcoin because it is used in many areas, enough to be relevant in every aspect of what it can do.

[FasTroy]

It has been legalized already in some countries, for example, in Japan, it is impossible to prohibit the crypto currency, since it is impossible to prohibit the Internet.

You are right, that bitcoin is already legalized in some countries, but not all countries yet, maybe it will be a problem if bitcoin price will increase more and more in some countries which they have a poor economic, like some developing countries. Personally, In most of cases, I don't think that bitcoin will be banned.

[germa66]

it is a very difficult thing to be true, because I myself am very confident that everyone is getting interested and likes bitcoin. it took a very hard struggle to ban bitcoin in some countries.

[salihno71]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

We cannot be sure. It is expected that countries are reacting the way they are because they see crptocurrencies as a threat which is not under their control. Once they start to realize advantages they could have from cryptos, they will probably try to regulate it and benefit from it. And even if they ban it, it will still be used. There are many things in the world banned (most of them with good reason) but that doesn't stop people from using them.