What if all the governments of the country united to strictly prohibit the exist

[ballerin and giroud]

The opposition of a state government is bound to happen when bitcoin becomes a global currency. I do not expect so, but all I want is the acceptance of all countries for bitcoin to be an option other than currency to use as a method of payment so it will not interfere with the ecosystem of each country's paper money. I will not do anything to bitcoin if the government still has not received the bitcoin as I had hoped.

[cryptokia]

First I think we will someway, somehow find a way to continue our job, maybe something will change but anyway, maybe in tor deep web, lol

[ahmad21]

That’s very unlikely to happen. Banning cryptocurrencies or Bitcoin is not very easy. The countries cannot ban a technology simply on grounds that it is reducing the consumption of fiat money. Especially when the citizens are holding a great amount of Bitcoin, it would be very difficult to ban it as it would cause huge financial losses to the public which can in turn affect the financial stability of the economy and no country would want that to happen. Moreover governments have no control over the private key transactions what so ever and all the 195 countries of the world moving in the same direction is something absolutely impossible. Terrorism is the biggest menace we all agree still many countries help it prosper where directly or indirectly then how can you expect them to take a stand on cryptos.

[denis-z12]

I dont see how it would be possible to ban crypto trading. You can ban a county from accessing a certain exchange but if that happens you just go to another exchange. Heck you can even buy crypto on ebay nowadays or any bigger forum that has a marketplace, it doesnt have to be a traditional exchange. Or buy your crypto directly from miners.

[Clement Kaliyar]

if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.

There is no way the governments around the world coming together and even if it happens no one could shut the bitcoin network and that is the fact, we are not competing with fiat currency and no one is hoping any country taking it as a national currency, people will be using it because it helps in trading world wide without any restriction.

[cetald]

I think that a person who has a lot of bitcoins should at least always be aware of all the news. Plus - risk diversification. If all countries impose a ban, they will not do it in one day.

[Tenderino]

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.

I have absolutely now idea what you are saying here because every human can make transactions around the world and no government is able to prevent them doing so. Except they would cut the internet, but this would be obviously the end of the economy of that country!

Governments can of course prohibit it, but this will not stop it and in the history of mankind it never happened that all countries in this world had the same laws.

[EthanB]

I have absolutely now idea what you are saying here because every human can make transactions around the world and no government is able to prevent them doing so. Except they would cut the internet, but this would be obviously the end of the economy of that country!

I would like for you to substantiate anything that you just said. China restricts their internet and their economy is doing fine. I wouldn't say public internet access correlates with a successful economy to a large degree. Governments are extremely capable of preventing transactions, and they do it all of the time. Do you think that everybody is able to perform their transactions free of government interference?

[fiulpro]

The banning of Bitcoins is happening every second some countries are banning it in a limited Manner, some are banning it entirely, some countries are using banks to ban the usage of cryptocurrency market and some are eradicating even the chances of people getting a hold of it ...
I don't think there is any possibility that all countries around the world will together ban it ..since the usage of Bitcoins is still very high , we have countries like Japan
where it's already an important asset..also government is to the people, for the people and by the people, if they make any rash decision it might cause massive opposition from all the investors that are in this .

[Allan Ramanda]

the government will never agree with bitcoin. it is true that you say, bitcoin can damage paper money and can forget history for every country. but the government will not be able to stop bitcoin if all the people continue to believe in bitcoin.

[audaciousbeing]

the government will never agree with bitcoin. it is true that you say, bitcoin can damage paper money and can forget history for every country. but the government will not be able to stop bitcoin if all the people continue to believe in bitcoin.

The same reason why governments have never agreed on anything despite the fake gestures they put up for the camera, is the same reason why they wont agree on bitcoin and even if world bank come with regulations or sanctions, some countries wont still accept and turn them to toothless bulldog just like every other world bodies. Furthermore, simple things such as gay marriage (in which personally I believe everyone has right to be miserable in marriage irrespective of sexual orientation), marijuana legalization ( which I believe its the worst menace of the society) or death penalty ( which I also believe should not be an easy way out for some crimes). Governments could not agree on it, not to talk of something as complex as bitcoin that could change the whole of our existence, I doubt if they can agree on that.

[jonloner011]

Well, it's kind of an issue to panic about. Cryptocurrency market is gaining popularity day by day. We should keep patience and hope that it never happens. Even if it ever happens, we should all stick together and appeal to the government.

[GoodLuck2]

First I think we will someway, somehow find a way to continue our job, maybe something will change but anyway, maybe in tor deep web, lol

Job hunting is difficult but not impossible. People still get different jobs in different fields. So if the government of this said country would ban bitcoin, still that doesn’t make any big harm. But yes for sometimes, this would be difficult time for the people who are now earning from bitcoins. They might be disturbed and their families may affect badly till they find some other source of income.

[Vatimins]

     Well if this thing really does happen, I think that it would mean the end for the crypto industry because even if we say that there would still be brave people that will be using the cryptos still, we cannot deny the fact that the number of users will drastically decrease leading to big losses and less options for the left users of the technology. Good thing that this is still pretty unlikely to happen for now.

[croptodic]

I think Governments think more about the ecosystem, let it be fiat or Crypto. If Crypto turns into mainstream currency, I don’t think Governments will have problem in it. There’s nothing illegal in it.

[darkangel11]

if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.

There is no way the governments around the world coming together and even if it happens no one could shut the bitcoin network and that is the fact, we are not competing with fiat currency and no one is hoping any country taking it as a national currency, people will be using it because it helps in trading world wide without any restriction.

That's what I'm always saying to those who are afraid of a government ban. There was not even 1 single case of the world working together to achieve something. Just look at the world wars or other, smaller conflicts. There was always Russia vs Nato, China vs Japan, some nations hate one another and will never work together. Right now the EU is embracing cryptocurrencies and some countries like Malta are aiming to become the crypto hubs of the continent. Even if the EU decided to ban it, they would protest and lobby against the ban. It's just not going to happen.

[yoseph]

I think Governments think more about the ecosystem, let it be fiat or Crypto. If Crypto turns into mainstream currency, I don’t think Governments will have problem in it. There’s nothing illegal in it.

Though various countries have their thoughts about bitcoins, majority of them don’t really think that’s it’s something of threat to their financial stability that’s why they haven’t done anything negative towards it but what that stance change and they collectively come together against it then I’d say that’s the end for Bitcoins.

[shield132]

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

Sorry but I think you can't analyze what you write, not only you but rest of people too.
Is bitcoin local currency? No. Can you send bitcoin from any place to anywhere? Yes. It won't affect paper money because as you see bitcoin's value is determined in usd or other currencies. Paper money can be reprinted but lost bitcoins can't be renewed. Goverment does nothing, they even can't ban torrents and dark marketplaces.

[Superways]

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

No you are wrong if all of the people from all of the countries will united to use bitcoin then the governments will know that their citizens are happy with that payment system and now it is not good to restrict it then they will find some good way to develop it more and they will not be able to do any thing against it as people will like to use it.

[The_Dark_Knight]

Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.

If bitcoin or any other coin becomes too big to the point that it threatens the currencies printed by governments then I do not have any kind of doubt that they're going to try something against it, you are correct in that, but at that point whatever they tried will be completely ineffective, they cannot even stop bitcoin now when there is a very low amount of people using it, if there where hundreds of millions of people using it they will have no chance to stop it no matter what they do.