|
Vikingr
|
 |
December 21, 2017, 07:46:35 PM |
|
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Yes. Government of any country can ban bitcoin use in their country. But the bitter truth is that they will not succeed as far as internet remains. Bitcoin is as good as the internet. Yeah it is true that any government can ban Bitcoin in their country. Like China ban Bitcoin in their country. Actually Bitcoin is digital currency of independent quality. So some government feels that there is no control over the transaction of Bitcoin. They lose their control on companies and businessmen that is why they stop Bitcoin in their countries. Another reason is that the Bitcoin is crush the economy or value of their currency. |
|
|
|
|
|
|
|
|
|
|
|
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
AndrewBoltz
Newbie
 Offline
Activity: 80
Merit: 0
|
|
December 23, 2017, 05:31:12 AM |
|
I don't think it will crush the economy. In some ways, it can help grow an economy of a country. Some governments do accept the existence of bitcoin. But when politics comes, I'm sure bitcoin will do suffer.
|
|
|
|
|
sarfwr
Member
Offline
Activity: 210
Merit: 10
|
|
December 23, 2017, 05:50:10 AM |
|
No government can ban bitcoin altogether, since there will always be countries that will support bitcoin, so this is the benefit of decentralization. That's one of the reasons I love bitcoin.
|
|
|
|
joanshu
Member
Offline
Activity: 130
Merit: 10
|
|
December 23, 2017, 05:59:28 AM |
|
Btc is not associated with any government and it is just a digital currency which is being used world wide and so i don't think that government can ban btc.
|
|
|
|
|
AndrewBoltz
Newbie
Offline
Activity: 80
Merit: 0
|
|
December 23, 2017, 06:03:21 AM |
|
Btc is not associated with any government and it is just a digital currency which is being used world wide and so i don't think that government can ban btc.
It is already happening in other countries where they ban the use of bitcoin. But i guess the people can't be stopped using this currency, not even the government can do about it. |
|
|
|
|
|
Danglen1010
|
|
December 23, 2017, 06:22:22 AM |
|
yes goverment can ban Bitcoin..especially bitcoin is no tax..our government very strick for tax..when u earn money u need to pay taxes how come if u earn a small amount .. and they know government will loose money ..i hope our country do not band bitcoin.
|
|
|
|
|
AndrewBoltz
Newbie
Offline
Activity: 80
Merit: 0
|
|
December 23, 2017, 06:30:39 AM |
|
yes goverment can ban Bitcoin..especially bitcoin is no tax..our government very strick for tax..when u earn money u need to pay taxes how come if u earn a small amount .. and they know government will loose money ..i hope our country do not band bitcoin.
Government always want to take control of everything even in bitcoin. Lucky for us bitcoin was invented as decentralized and no regulations. That is what the government is opposing. |
|
|
|
|
Weaklies
Jr. Member
Offline
Activity: 54
Merit: 10
|
|
December 23, 2017, 06:32:43 AM |
|
To be more specific, governments can just forbid the use of Bitcoin and cut the access to bitcoin exchanges and wallets in their local area , they can not ban bitcoin since it's treated in a decentralised way ( the is no control )
Yes, I agree with you too. Slowly the use of Bitcoin is increasing. If the market price is not the same, neither the government nor the coma will be able to make it vane. And I do not think that the use of Bitcoin will decrease the market value as long as its usage will increase. In the meantime, many companies are trading through Bitcoin. I think the government will make bitcoin open all over the world. |
|
|
|
|
|
Scor1937
|
|
December 23, 2017, 06:35:46 AM |
|
Unfortunately, yes any government can do so, but even banning bitcoins will not affect much. Also the USA government has banned ICO's which keeps their citizens safe from various ponzi projects. Bitcoins are actually decentralised and banning them by any individual government won't affect much.
|
|
|
|
|
btccointalk
Member
Offline
Activity: 336
Merit: 20
|
|
December 23, 2017, 06:41:17 AM |
|
Bitcoin is not controlled by any Government or organisation....I think no Government can ban bitcoin.
|
|
|
|
|
kokobaba880
|
|
December 23, 2017, 07:21:42 AM |
|
Bitcoin is the crypto currency which is beyond the control of the government. Bitcoin give us the opportunity to earn money is is not easy to control by a person or country individually because it is the internet based currency and it is not that much easy to control it. people have to transfer their amounts from one country to another without any restriction.
|
|
|
|
|
oaz7t
|
|
December 23, 2017, 07:32:11 AM |
|
Bitcoins has no central authority over it, its is just simple peer-to-peer transaction and as it is a cryptocurrency it cant be controlled by anyone.
however, a government can ban bitcoins.
a few countries have already banned bitcoins but that didnt have a greater effect on it and still bitcoins is growing stronger and its prices keep on increasing.
|
|
|
|
|
EtherATM
Member
Offline
Activity: 224
Merit: 11
|
|
December 23, 2017, 08:00:44 AM |
|
Btc is not associated with any government and it is just a digital currency which is being used world wide and so i don't think that government can ban btc.
Although government and bank central can't be controlled bitcoin but i think they still can ban bitcoin. In fact, some countries is banning bitcoin as Morocco , Nepal, Bangladesh, Kyrgyzstan, Bolivia, Ecuador... The government of Nepal has arrested all people who related to crypto currency trading recently. If all countries is like Nepal bitcoin will die. |
|
|
|
|
appiivenkii
Member
Offline
Activity: 270
Merit: 10
|
|
December 23, 2017, 08:12:46 AM |
|
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
No one can ban Bitcoin...Only thing Govt can do is to ban the exchanges in their country.... So no one can liquidate it for Fiat..But who cares |
|
|
|
|
|
okissabam
|
|
December 23, 2017, 08:44:01 AM |
|
Yes it is possible that government may ban Bitcoin because the government may be able to control the cryptocurrencies once it is Centralized. And if they are not able to control them and would not be centralized then there is a possibility it could be banned.
|
|
|
|
|
|
nistra
|
|
December 23, 2017, 08:55:07 AM |
|
They can not actually ban it by making it unable to to be reached, but however any state in the World can perfectly make it outlaw and then sentence anyone who would be caught using it. Hopefully the fashion is more to the legalisation lately than the ban.
I`m agree. They just can make a regulation about it. And that is for the sake of the country itself as well. They need get some taxes for the life of the country. Or they just need a time to make their own cryptocurrencies. |
|
|
|
|
|
ttlnnt
|
|
December 23, 2017, 09:04:46 AM |
|
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
They could ban it in the sense of declaring possesion of Bitcoin illegal. However they can't really block it. It's simply not possible to do without blocking the Internet. Even if they try to seriously cripple the experience by blocking all Bitcoin-related services, people can always use some sort of circumvention technology like VPNs or Tor to access such services. I'd say that it's pretty much unstoppable. That's what i feel too. Banning the Bitcoin altogether is not a possible task to be performed. While all we can say is there can be some legislations to put on certain restrictions on its free usage. |
|
|
|
darshansetty
Member
Offline
Activity: 103
Merit: 10
|
|
December 23, 2017, 09:07:37 AM |
|
No bitcoin cannot be banned by any government
|
|
|
|
|
frenkie032
Newbie
Offline
Activity: 41
Merit: 0
|
|
December 23, 2017, 09:10:00 AM |
|
The government is unlikely to cancel bitcoin, since it already contains services and payments. But to impose various taxes can very well. I think in some countries this is already observed.
|
|
|
|
|
bitcoinerjawa
Member
Offline
Activity: 364
Merit: 10
|
|
December 23, 2017, 09:27:23 AM |
|
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
this is very funny bitcoin is a digital currency that can not be controlled by anyone because the demand and enthusiasts are very high bitcoin make the circulation bitcoin difficult to be ban. |
|
|
|
|
|
