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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
Glutius
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April 25, 2018, 07:52:37 PM
 #321

Bitcoin may well be banned by the government, but not because of problems with the technology itself, but because of political inconsistencies. Everyone wants to control bitcoin, but not everyone understands that it is impossible.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 25, 2018, 07:59:03 PM
 #322

Whether the government will ban bitcoin? bitcoin which until now much to the conversation of people even the government has been aggressively forbid the existence of bitcoin, there is still agree that bitcoin is not banned there are also disagreeing bitcoin in banned, the point is best for bitcoin in the future.

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April 25, 2018, 07:59:15 PM
 #323

Unfortunately, governments are really able to ban bitcoin, and this will significantly slow its development. I hope that the government will be reasonable.

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keziakusayang
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April 25, 2018, 08:05:23 PM
 #324

currently not many countries that prohibit bitcoin only the government is not ready to accept it and has not regulated the rules many things in the fear by the government such as abuse of bitcoin or drug transactions and such.
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April 25, 2018, 08:06:33 PM
 #325

Well there is a posibility that our government will ban bitcoin. Because the government thinks bitcoin could have disrupted the country's economy. And the government did not want to take that risk, it's the main factor why the government ban bitcoin. Because bitcoin has been proven to help people's economy. So the government will not be able to beat people who have used bitcoin. Because already many people are using bitcoin. Bitcoin has moved passed the level of being just a collection of algorithms to becoming a crusade or believe that many loyalists will stop at nothing to see it survive.
rtm125
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April 25, 2018, 08:25:21 PM
 #326

I think that the government is now wary of bitcoin only because it is a new phenomenon, maybe for someone incomprehensible, and the rulers have not yet decided how to accept cryptocurrency on the territory of their country. And in the future, I hope cryptocurrency will be adopted at least in most countries of the world.

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April 25, 2018, 08:28:20 PM
 #327

The government can do anything. I wouldn't be surprised if they banned crapouillot. But I also understand that if they do, we will lag behind in development from other advanced countries, which understand that cryptocurrencies are the future.
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April 25, 2018, 08:40:08 PM
 #328

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

I wouldn't say ban; I think many governments would try to control and regulate bitcoins, but even more so, I think many government would try to exploit and use bitcoins to their advantage knowing that it's a legit market that really can give a lot of big revenue. Right now, many governments are already trying their hand on it and are certainly harvesting the fruits of the risks they took. However, just like any other government it's part of their job to safeguard everyone; that's why every step they take in venturing in the market is well-planned.
Cash BTC
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April 25, 2018, 08:47:04 PM
 #329

I think is hard for government to ban bitcoin. Although bitcoin has some rumor that is not good but due to the anonymous feature of bitcoin, mostly will be hard to trace, thus is hard to ban.
KeijiN
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April 25, 2018, 08:55:27 PM
 #330

in my humble opinion government are already missing an opportunity to ban, kill or stop bitcoin and other cryptocurrencies.
Troysen
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April 25, 2018, 08:59:25 PM
 #331


Depends with the government in question. Governments have different policies on how to handle their national affairs and therefore cannot make decisions based on other governments's policies, some governments might Ban BTC while others will let them freely transact, it all depends on how a particular government views BTC
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April 25, 2018, 09:05:12 PM
 #332

Bitcoin is not beneficial for polity. If your earnings are related to the crypto currency, the state can not know your real income, secondly the state does not receive taxes from you. So it's not surprising that different states have declared war on bitcoin.
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April 25, 2018, 09:11:32 PM
 #333

It would depend on some great cou try like America China or Japan 's view around cryptocurrency. If they accept it  other country would be standing in queue fir it. Also the reasong Governments does not want the crypto to be tradeable because they would be able to take Forex and normal tax
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April 25, 2018, 09:12:40 PM
 #334

Only if they feel threatened that it will overthrow the country economy
jjjrmy
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April 25, 2018, 09:17:49 PM
 #335

It would depend on some great cou try like America China or Japan 's view around cryptocurrency. If they accept it  other country would be standing in queue fir it. Also the reasong Governments does not want the crypto to be tradeable because they would be able to take Forex and normal tax
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April 25, 2018, 09:24:59 PM
 #336

i think it depends on how important it gets in the future.
Government can only advice citizens against it if they feel it threatens the banking system, but ban, i dot think so.
Watchy312
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April 25, 2018, 09:25:07 PM
 #337

in every country have their own government regulations, some are prohibited and some do not prohibit. it all depends on the attitude and laws of each country, as in my country the government does not prohibit but also not recommend using bitcoin
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April 26, 2018, 02:34:22 AM
 #338

well, they may banned bitcoin, but i think it doesnt make bitcoin death because bitcoin will exist even without country regulations.
bitcoin has been denied hundred times, but bitcoin and cryptocurrency still there for us now.

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April 26, 2018, 02:35:44 AM
 #339

No one can ban Bitcoin. They may use things that prevent you from Bitcoin though.

Dr.Osh
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April 26, 2018, 02:39:32 AM
 #340

No one can ban Bitcoin. They may use things that prevent you from Bitcoin though.
well, maybe nobody can banned bitcoin, but china has banned bitcoin from his country, and I think it would be very suits accessing bitcoin in china. well, bitcoin is banned or not in a country depending on how they see bitcoin.

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