What if Government bans Bitcoins?

[donaldsnuts]

Nobody can ban decentralized currency

[1715187577]

1715187577

[1715187577]

1715187577

[Filthy1]

It could happen but near impossible basically they would have to unplug the internet and that would never happen. Hackers , cypherpunks etc would find away.

[Star_Bucks]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

I agree with that it is interesting for people to earn money and a great opportunity and it will help our economy to grow. It will help people don't have job to get salary bitcoin will help without government.

[barcelona 94]

I cant imagine my life if the goverment banned bitcoin., maybe many people who  work and invest in bitcoin will suffer very well.

[rolls89]

People are using crypto currency despite the fact that many governments do not like bitcoin and crypto.  Though there are several nations on the other hand; which have granted legal status to this currency.
Crypto currency is the future of the fiat.  In the years to come bitcoin /crypto will definitely replace current system of physical bank notes though not fully and there will be small percentage of fiat currency in usage.
Governments will slowly understand the necessity of crypto world though it may take few years.  Also do'nt worry; if you have some coins in your wallet and your country bans it's use you may to the other country for tourism where crypto is legalised.  No problem; enjoy and shop there.
But the question raised is very good.

Correctly suggested and quoted.Thanks!!

[allthingsluxury]

They would of done this by now.

[rolls89]

Nobody can ban decentralized currency

If Govt bans it I guess it turns centralized  

[Cheenguboc143]

If that would happen , surely they will do many ways to stop crypto. But I don't want to stick on thinking about that matter.  Nobody can predict the future. What happens in the present then let it happen.  As for now,  if bitcoin is allowed in our country,  then we should embrace it and use that freewill privilege in good ways.

[HiringYou]

It is simple when the government will ban Bitcoin we will not be able to use it.No doubt that Bitcoin is decentralized in nature and government has no control over it but still we will not be able to work with it.By this I mean that government can't control Bitcoin but they can control the exchanges that help the users to convert cryptos into fiat.So if the exchanges will not work then how we will use it ? If some how we get some BTC's in our wallets then how we will use it ? We cant use BTC's directly.We have to change it in fiat which we will not be able to do.So if government bans Bitcoin then we will not be able to use it.

[Harley_Quinn]

I somehow believe that the government is not in the world to ban bitcoin in the whole world. We can partially observe the ban, but globally it is impossible, because new technologies are needed not only for society, but also for the government.

[jackjones53]

absolutely all governments prohibit bitcoin will not be able, because for this it is necessary to disconnect electricity or the Internet. in general, if the event of the prohibition of bitcoin occurred in your country, do not worry. go to a country where regulation has not happened yet and try to get your bitcoins out or something important.

[GreatArkansas]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

Exactly! They really don't understand what Bitcoin is, Bitcoin is decentralized, government can't own Bitcoin. They should know what Bitcoin really is, because if they will legalize Bitcoin, the benefits is overflowing, I really admire Bitcoin and other cryptocurrencies.

[Dod Ong]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

When the government bans the bitcoin my should beome miserable, because the bitcoin only can provide my needs and wants. Also I can help my family in our daily expenses or needs because of bitcoin, So I don't want to lose the bitcoin. The bitcoin change my life so I don't want to ban the bitcoin because of the government.

[Kamote_1102]

Well, if the Government do that without informing its people, then that would be the end of their coins. since they can't trade it anymore. However, we can also assume that before they ban Bitcoin, they will give time to all the users to trade it before they ban it for good.

[sicnarfwb]

In that case banning BITCOINS BTC by the government can affect people who uses it especially in the country that blocking the flow of cryptocurrency in their national market but for now i think its difficult for a country to control this kind of digital currency due to the decentraization of its function in the social media and huge user already been part of the global market which we called it free for all to invest or even to transact (buy & sell) and many other ways to earn profit.

[Market-desi]

hope I hope the government does not ban bitcoin gan. if forbid they should be able to provide the right reasons and can be accepted by the community. if Banning means the government has killed the economy of its own society .

[Eureka_07]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

At first government can't do something about bitcoin but as soon as they will find out that some people who use bitcoin harms the citizen if their country, that will be the time that they will make a move about the issue. May sure your money is not in one wallet only. It takes time to banned bitcoin so be aware if the news.

[jj6080801]

Imagine a scenario in which the administration boycott Bitcoin. The administration don't generally "boycott" bitcoin however stop the acknowledgment of that specific cryptographic money in their nation. That implies it can likewise be utilized on the web, however it relies upon the law your legislature has said. Many individuals would prefer not to boycott Bitcoin in their nation however whales and huge speculators of digital forms of money are not stressed in these circumstances, hiw significantly more us that isn't that enormous financial specialists.

[Ahmadarwani56]

the government takes a long time to ban bitcoin, because the longer the more users.
so i guess that will not happen .

[sakahayang]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

I agree with that it is interesting for people to earn money and a great opportunity and it will help our economy to grow. It will help people don't have job to get salary bitcoin will help without government.

Exactly what you think, should be the government of the country that forbids bitcoin to think the same as us. the presence of bircoin brings opportunities for people who are hard to find a job, this can help the government to overcome unemployment in the country, so that people's economy can grow and prosper without having to find a job that has not definitely get it.