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1NV3ST0NM3
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November 25, 2017, 05:28:58 PM |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
First of all we must understand that bitcoin is directly or indirectly posing a threat to the current administration due to its decentralized nature. Its volatility is absolutely out of control. But such a world wide ban over bitcoin requires a unanimous consent among the world's top nation which to me seems quite annoying. Countries like USA and China have never agreed on same page. Moreover a country like Japan which is even considered birthplace of bitcoin is absolutely supporting bitcoin directly. So its hard to say that such a thing could happen. |
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No Gods or Kings. Only Bitcoin
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Guzztsar
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November 25, 2017, 05:50:29 PM |
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Perhaps that's not possible, some governments are fully accepting, regullating and even addopting cryptocurrencie and blockchains.
A globally banning attempt could lead to conflicts of interest between nations.
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Roboabhishek
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November 25, 2017, 05:56:01 PM |
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Many countries are working on it but they are unable to find a perfect solution for it.
Since the total currency invested by an individual into bitcoin is not properly shown so doing so might result in a bad move for the economy.
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jekjekman
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November 25, 2017, 06:07:44 PM
Last edit: November 25, 2017, 06:20:05 PM by jekjekman |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
If they unite as one and make an agreement in demolishing Bitcoin then they can really do it but I don't see any reason for them to do that because the purpose of Bitcoin is to serve as a digital money to the people and not to destroy any FIAT money of any countries in the whole world. Bitcoin is almost reaching its 1st decade as a digital money and the price of it increases so fast because many people are now starting to recognize it so banning this thing is like taking away the freedom of the people. |
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vaughn125
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November 25, 2017, 06:36:14 PM |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
Honestly, i really do not think that this can be possible or can ever happen. Since a lot of people are already into crypto currency and the numbers are increasing every singke day. If they do this, the mext scenarios will be bloody. A lot of people will really wake up amd for the first time fight for what they really think is right. All these powerful personalities are only powerful because of the people. And if the people decides enough is enough. The world will be at chaos. Amd they are afraid to lose control. Which is why they hate crypto currencies in the first place. So i think what they will do is adapt and look for ways instead to benefit from this new trend crypto currencies than anger a lot of people. |
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HabBear
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November 25, 2017, 07:22:25 PM |
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Countries ban drugs too and it doesn't stop anyone from using them.
Not the best analogy but it holds true. Countries would have to bannthe internet to really stop Bitcoin. It's a network that existw outaide the government. If the want their taxes and such, governments best play nice.
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bitllionaire
Legendary
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Activity: 1120
Merit: 1000
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November 25, 2017, 07:27:16 PM |
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Perhaps that's not possible, some governments are fully accepting, regullating and even addopting cryptocurrencie and blockchains.
A globally banning attempt could lead to conflicts of interest between nations.
but i do not expect any globally banning attempt, although some countries have banned bitcoin but i am sure that they must overview their decision, and will surely regulate bitcoin because bitcoin is the need to they day and every one has to accept the fact, in future we can also expect that bitcoin will overcome fiat currency and people will then give more priority to bitcoin to use it for shopping and for any other purposes. |
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pushups44
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November 25, 2017, 07:33:21 PM |
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"Rulers" or authorities can ban bitcoin, but it will not stop people from using it as currency. As it is decentralized, there is no way for central authorities to stop it. Arguably, it is this censorship-resistance that gives bitcoin a large part of its value. At some point, authorities are going to have to accept and legitimize bitcoin.
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Samj16
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November 25, 2017, 07:42:02 PM |
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Well Maybe rulers can implement to ban bitcoin thru some legal actions of one country. But globally speaking there's some countries which legallized this network. We have to embrace that we're on the modern era now of technology:)
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HabBear
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November 25, 2017, 07:42:58 PM |
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"Rulers" or authorities can ban bitcoin, but it will not stop people from using it as currency. As it is decentralized, there is no way for central authorities to stop it. Arguably, it is this censorship-resistance that gives bitcoin a large part of its value. At some point, authorities are going to have to accept and legitimize bitcoin.
Yeah, it would stop use as a currency because merchants couldn't legally any longer. So Bitcoin will be a store of va.lue. But ut would be tough to liquidate because exchanges wouldnt be able to deal in it any longer. |
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Reatim
Sr. Member
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Activity: 2814
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Eloncoin.org - Mars, here we come!
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November 25, 2017, 07:53:07 PM |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
First, your premise that bitcoin can make Fiat disappear is wrong. What is the reason that you say it so? Banking or Fiat institution has been here and I think they will stay and even though bitcoin has been globally adopted, fiat will not go away. And we should take advantage of both monetary system, Fiat will not be obsolete. Not all Officials of UN controls a country. As far as I understand, its still the President or a Prime Minister that heads a state and not UN officials. So again your argument is flawed. And no all countries are against bitcoin, do your research and you will see that there's also a lot of nation that is pro bitcoin either by having regulations or adopting it. And even if a nation ban bitcoin, like China did, their bitcoin community is still thriving, they are still doing trading OTC so it just shows that bitcoin can't be stop. |
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Sarastiche
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BITCOIN IS THE CURRENCY OF THE GLOBE
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November 25, 2017, 10:09:43 PM |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
Its is a decentralized system,migth be very hard for the ban of Bitcoin in the entire world, whales involve in bitcoin will do all they can to stop |
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ajmapalo22
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November 25, 2017, 10:18:38 PM |
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Government can ban bitcoin transactions but they cannot eliminate it all over the world because surely developers can find ways to keep bitcoin in the circulation besides no one can eliminate bitcoin unless they eliminate internet connection which at this point is impossible to happen
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eaLiTy
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November 25, 2017, 10:29:32 PM |
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We Know That We Have High Personalities that control each Country and They are The Officials Of United Nations Leaders, What Do you Think, if they Ban Bitcoin in every country, for the Reason that bitcoin is Decentralized and can make FIAT Disappear. What can You say about it? as an Individual Bitcoin User?
I am not sure how it will make fiat currency disappear as the entire global market has more than ten trillion dollars worth of currency circulating and the entire crypto currency market is just around or less than three hundred billion dollars ,it is possible to shut all the exchanges but i am sure not all the countries in the world would accept the same unilateral decision and if it was so easy we would have been living in a more peaceful world.  |
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ImHash
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November 25, 2017, 10:38:44 PM |
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Dude personalities are not ruling the earth  Unite nations has no power when there are countries with a veto power. I assure you if they wanted to ban bitcoin you'd know. All they can do is to push their regulations of exchanges, direct ban of bitcoin is not possible in such scale. |
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jjacob
Legendary
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Activity: 1554
Merit: 1026
★Nitrogensports.eu★
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November 25, 2017, 10:45:39 PM |
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Currently individual governments lack the authority and power to act against a currency that is DECENTRALIZED as bitcoin but as we already know the decisions they can make regarding its management reflects a great impact on the bitcoin market as it happened in China through a mixture of government legislation and the blocking of popular foreign websites by Chinese Internet service providers. The Chinese government has tried to limit the Chinese, instead of being able to enjoy the entire global network. So if a government decides to make illegal trade or possession of Bitcoins, the demand would plummet and all the exchanges in that country would also be closed and the purchase / sale of Bitcoin would be difficult and risky. This could suffocate Bitcoin in that country.
A few governments have already done this. China has banned bitcoin trading on exchanges, not Bitcoin. Most countries are leaving it in a grey area, preferring to bring in legislation once it is really required. Governments may not have the ability to enforce a bitcoin ban, but they may still go ahead and ban it. If enough law abiding citizens decide to avoid bitcoin, then it will be pushed to the fringes. |
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pixie85
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November 25, 2017, 10:58:57 PM |
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They can't just like they can't ban alcohol or tobacco. If people want something badly no government can take it from them.
We all know that sentences for selling drugs are really high but they aren't stopping people from doing it because in their eyes it's worth it. You can't expect similar punishments for the use of cryptocurrencies. Most likely a ban would only equal lack of exchanges which still wouldn't stop people from using BItcoin. It would only stop them from turning it into fiat.
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lance04
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November 26, 2017, 05:19:45 PM |
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No, even though there are powerful enough and part of the elite class of the society. There is always a process that the government always consider in every actions that affect the entire society.
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Guzztsar
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November 26, 2017, 05:40:41 PM |
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Perhaps that's not possible, some governments are fully accepting, regullating and even addopting cryptocurrencie and blockchains.
A globally banning attempt could lead to conflicts of interest between nations.
but i do not expect any globally banning attempt, although some countries have banned bitcoin but i am sure that they must overview their decision, and will surely regulate bitcoin because bitcoin is the need to they day and every one has to accept the fact, in future we can also expect that bitcoin will overcome fiat currency and people will then give more priority to bitcoin to use it for shopping and for any other purposes. I also think that is really unlikely, but who knows what can happen in a near future. Geopolitical aspects are changing fast in the entire world, it is hard to predict what can happen if crypto market starts to threaten powerfull corporations. |
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pixie85
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November 26, 2017, 06:57:37 PM |
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When I read threads like this one I know that we do need Bitcoin because we are slowly turning into slaves scared of everything and especially of the authorities.
Every time Bitcoin goes up you guys come out with these what if questions. What if there's war? What if they ban it? What if they come to my house and ask that I hand over my coins? It's about time the society became independent financially. When they can't take your money you have the advantage. It's time we stopped being scared!
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