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Author Topic: Countries banning bitcoins  (Read 1610 times)
Coiner99
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November 27, 2013, 09:21:39 PM
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Can that happen, some countries have been salivating at the idea
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BitcoinStriker
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November 27, 2013, 09:27:47 PM
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they do that and they will have another thing to handle like drugs.

people smugling bitcoins, etc...

Hello.
Is it me you are looking for?
buggrock
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November 27, 2013, 09:30:09 PM
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I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.
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November 27, 2013, 09:30:51 PM
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Can that happen, some countries have been salivating at the idea

US Senate hearing seemed quite positive to me, I doubt banning is probable now

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November 27, 2013, 09:32:18 PM
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I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes

Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
DieJohnny
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November 27, 2013, 09:35:23 PM
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Bitcoin is the first. Infinite variants are possible. How can you regulate something you cannot define. Any attempt to define it will leave the door open for what is next.

Also, Once Bitcoin and alt coin markets get too large, the people that run the governments will likely all own chunks of crypto, I say 1 trillion is the point of no return. So a government could kill crypto currencies it but not once they gets too large.

Final point is that Bitcoin in no way threatens to remove the dollar or Yen from the planet. The USA will always require tax payment in dollars. You will always need to sell Bitcoin to pay your taxes, that includes sales tax if you are a business owner.

Those who hold and those who are without property have ever formed distinct interests in society
buggrock
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November 27, 2013, 09:36:05 PM
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I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes

Ha ha huh, no it doesn't smart guy.

The chinese gov. literally executes people who violate some of there most pety laws. Citizens are really scared to break the law there.

So much you know....
Cryptopher
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November 27, 2013, 09:40:37 PM
 #8

I can't see how they can be banned, unless Internet access is somehow pulled, though that still doesn't eliminate the issue. Of course you can impose prohibition on businesses accepting bitcoins, possibly? Anyway, here's hoping that this won't happen!

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November 27, 2013, 09:42:51 PM
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I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

link?

Kiki112
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November 27, 2013, 09:45:23 PM
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Can that happen, some countries have been salivating at the idea

US Senate hearing seemed quite positive to me, I doubt banning is probable now

where did you hear the hearing?
is that even public? Cheesy

CathalG
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November 27, 2013, 09:47:10 PM
 #11

I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

I hope its wrong... China has been a major reason for the current rise/bubble!!
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November 27, 2013, 09:50:59 PM
 #12

I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.


lol - banning something in China only makes it more valuable there.   Roll Eyes

Ha ha huh, no it doesn't smart guy.

The chinese gov. literally executes people who violate some of there most pety laws. Citizens are really scared to break the law there.

So much you know....

got me there   Cheesy

Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
jojo69
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November 27, 2013, 09:53:33 PM
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Can that happen, some countries have been salivating at the idea

US Senate hearing seemed quite positive to me, I doubt banning is probable now

where did you hear the hearing?
is that even public? Cheesy

it was live on CSPAN2

I'm sure the video is on youtube by now

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
WayTooGosu
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November 27, 2013, 09:58:23 PM
 #14

I highly think this will not happen. It would damage the currency a lot and there's no real benefit for the countries to do this.

hilariousandco
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November 27, 2013, 09:58:46 PM
 #15

Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.

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November 27, 2013, 10:03:25 PM
 #16

Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.

Ban Bitcoin would mean not allowing any exchange to work and probably people offering Bitcoin on localbitcoins would risk fines/prison
buggrock
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November 27, 2013, 10:09:04 PM
 #17

These chinese gov. has done everything it could, to dethrone the dollar in a few years.

A couple of days ago the chinese gov
announced that they will no longer invest into FX exchanges (dollars, bonds, etc.)

http://www.marketpulse.com/20131120/china-longer-expanding-fx-reserve/

This shouldve made the news and been all over the headlines, yet everything is being pushed along and kept quiet.

The chinese are positioning themselves to pull the plug on the US dollar very soon, and I dont think that the Chinese Gov. Is going to allow Btc to ruin its agenda. I just read the Chinese Vendors will be banned from doing any transaction.with BTC (look it up at google.hk)

The chinese gov. Is buying all the precious metals it can (gold, silver) , and so should you.
nahtnam
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November 27, 2013, 10:52:55 PM
 #18

I dont think they can, but if so I will just be a "outlaw" and still hold it. I have made some friend in Brazil, and Australia so I can get them to sell it for me if I need.

LupinS
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November 27, 2013, 10:56:05 PM
 #19

I dont think they will, or even could.
hilariousandco
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November 27, 2013, 11:07:44 PM
 #20

Can that happen, some countries have been salivating at the idea

They can try throttle the beast, but they wont be able to kill or tame this particular one. To ban bitcoin outright you would probably need to ban the web and computers. I'm sure there's ways they could make life a little difficult for us, but 'banning' or even trying to stifle such a thing as Bitcoin will ultimately be futile and will only just push it back underground which is where this animal thrived from in the first place.

Just look at prohibition. Whether they try regulate it or ban it; it wont work, so they're going to have to adapt and deal with it.

Ban Bitcoin would mean not allowing any exchange to work and probably people offering Bitcoin on localbitcoins would risk fines/prison

Banning exchanges will just push the currency underground and people will trade it amongst themselves like they did in the beginning.  Fines/prison wont stop people. Drugs and theft are illegal and carry prison sentences, but people still commit the crimes.

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