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Author Topic: Will the government ban bitcoin?  (Read 1838 times)
kynaz
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April 26, 2018, 02:43:12 AM
 #341

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.
No one can stop Bitcoin because this is the future of the world industry. If they were completely banned, then maybe the market did not exist and we were all not here to talk about it. I personally hope that Bitcoin will be legalized globally because the future of this market is huge and governments are seeking to use the market for bad purposes, so surely this market will never be prohibit

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April 26, 2018, 02:48:19 AM
 #342

Some country have worried about bitcoin will be use by the other to make investment for their people and scam of them by giving reward more than high. They have could not to take control of their person will loss their money and announced to their people keep and go away from bitcoin. government never try to banned bitcoin, but mistake by half person want to make scam many people by using bitcoin is why government want to banned bitcoin.

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April 26, 2018, 02:50:01 AM
 #343

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?

Some of us are already aware how bitcoin tend to be part of the trend in this recent news. Throwing a lot of goods and bads about it awakens the public and private sectors to be check by the government. Now, some country's government did not allow bitcoin to expand more on their terittory. This may be because of the bitcoin itself that take hold of this stocks, not allowing tax to rule over it, which employs as a part of the government.

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April 26, 2018, 03:30:49 AM
 #344

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 really hope it will never happen. Why the government should ban bitcoin. If indeed with bitcoin many people who can generate profits and their economy can be better with the presence of bitcoin. Hopefully the government sees the bitcoin from the positive side. So it makes no sense, if something of a positive value to the people and the government will ban it.

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April 26, 2018, 03:39:22 AM
 #345

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?
Banning of bitcoin is depends on the government of the country, which if the government of one country feels that the bitcoin may become a treat to their government then probably they will ban it. Then if the government feel that it will helps the people a lot then they will legalized it and help it to improve.

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April 26, 2018, 03:43:07 AM
 #346

will be on the ban if bitcoin is often used for evil by people who are not responsible such as the corruptor, etc.
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April 26, 2018, 03:59:15 AM
 #347

will be on the ban if bitcoin is often used for evil by people who are not responsible such as the corruptor, etc.

In that case, fiat currency should be also banned. Don't you think so? Physical cash is the currency of choice for the 99% of the criminals, including those who indulge in pedophilia, kidnappings and online bank robberies. A lot of evil people are using fiat currency. So let's ban the fiat currency first.

 
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April 26, 2018, 04:02:51 AM
 #348

For now countries in Asia seem not to ban Bitcoin soon except China.
Hong kong government doesn't regulate or ban Bitcoin, but Banks are not friendly to Bitcoin. If they find you are engaged Bitcoin industry, your bank account will be closed without notice.
Korea gvernment is now getting friendly to Bitcoin, and their tax for bitcoin is low.
Japan government is still open minded to Bitcoin, but they regulate the every Crypto currency exchanges. You need to get a license to run exchange or do ICO in Japan.
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April 26, 2018, 04:08:27 AM
 #349

Its fluctuating character makes bitcoin an obstacle to be used as a currency. It is related to government regulation. If it does not fit into the workings and systems in a government, the government's potential for banning bitcoin is possible. It seems like it has happened to a country.
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April 26, 2018, 04:12:01 AM
 #350

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 really hope it will never happen. Why the government should ban bitcoin. If indeed with bitcoin many people who can generate profits and their economy can be better with the presence of bitcoin. Hopefully the government sees the bitcoin from the positive side. So it makes no sense, if something of a positive value to the people and the government will ban it.

At present, different countries have different policies and perceptions about virtual currency. Bitcoin has some countries that have opened and accepted bitcoins like Japan and some other countries. be careful with bitoin like china
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April 26, 2018, 04:16:57 AM
 #351

It can Ban bitcoin, this so called gevernment if the threat level is high in their respective countries. Example are countries in Asia, some are accepting bitcoin as their currency while others are banning it in their own land for the regularity of the system. Banks are also on the move on stopping this kind of currency and still wants to implement some FIAt currency still. Bitcoin will render useless when BTC in the country was banned.

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April 26, 2018, 04:21:11 AM
 #352

it is unlikely that the government will ban bitcoin. even my last night saw the news on television. investment is also important either in the form of gold or crypto. because it could be their savings for the future of their families and children .

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April 26, 2018, 04:26:21 AM
 #353

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?

The thing about that, is two facts that cannot be changed.

1. Bitcoin is censorship resistant, because each full node contains an independent and complete copy of the blockchain.

2. The internet was created by the government, specifically to enable computer communications even when one or more nodes were removed.

This means two things, in order to stop bitcoin, every single full node will have to be simultaneously shut down from a network of billions of computers worldwide, running on a network specifically designed to continue operation without any possibility of disruption.

This property of bitcoin and the internet is actually caused by the extremely simple way in which computers communicate accross the internet. Since all internet activity is actually based on sending packets of arbitrary data from one IP to another, there is very little to absolutely nothing anyone can do to stop it. Especially when one considers the use of proxy servers.

It is historically commonplace for governments to make unreasonable laws, and it will always be the People's duty to stand up for what they believe in.
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April 26, 2018, 04:37:52 AM
 #354

I think the government can stop Bitcoin or not. Because the government thinks Bitcoin is harmful for the country and the country's economy. It is a good way to earn bitcoin and earn a bad way. But when the government can realize that the elimination of Bitcoin, Do not stop. And we are waiting for that day.
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April 26, 2018, 04:46:25 AM
 #355

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 think if the government were to ban bitcoin, they will have to undergo a very long procedure, simply because there must be some legalities as to why something is banned. Unless of course, the form of the government is more of a dictatorship then there isn't anything we can do with regards to that matter.
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April 26, 2018, 04:48:34 AM
 #356

I think the  Government does not have enough and valid reason to ban bitcoin.  Considering the fact that bitcoin change many lives of people and help to reduce poverty through providing an avenue to reduce unemployment and give chance to earn beyond minimum wage.  The government also do not have the power to control the advancement of technology that might ease the living of their state and nation.   Maybe some government will just implement some law to regulate bitcoin to impose taxes from the earnings investors get from engaging in cryptos.  Logically, if the government really concern and protect their state, they will never ban bitcoin.
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April 26, 2018, 04:55:27 AM
 #357

Although there is nothing that can stop a government or central bank from banning Bitcoin.Most would not go that far for two reasons.Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin.
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April 26, 2018, 05:00:19 AM
 #358

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?
The government has yet to enact a regulation that specifically prohibits the use of bitcoins. This means that bitcoin owners can still be free to transact with the currency, only bitcoin has not been recognized as a legal means of payment and there is no legal protection in case of cases such as theft or fraud involving the virtual currency.
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April 26, 2018, 05:02:10 AM
 #359

According to my view the Government does not have good and substantial motivation to boycott bitcoin. Considering the way that bitcoin change numerous existences of individuals and help to lessen neediness through giving a road to diminish joblessness and offer opportunity to gain past the lowest pay permitted by law. The administration additionally don't have the ability to control the progression of innovation that may facilitate the living of their state and country. Possibly some legislature will simply execute some law to direct bitcoin to force charges from the profit financial specialists get from taking part in cryptos. Coherently, if the legislature truly concern and ensure their state, they will never boycott bitcoin.
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April 26, 2018, 05:03:06 AM
 #360

In my opinion most countries ban it. It is tax free and anonymous operation is difficult to control. The government always wants to hold. And it affects the banks

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