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

[whaawh]

I think bitcoin is hardly to be banned around the world, for the benefit of each government is completely different, they can hardly be mutually beneficial. The government can close websites, they can catch trading floors, they can raise taxes. But the government can not stop an idea when its time comes.

Yes totally agreed, not all countries are the same perceptions on bitcoin that cause of banning mostly who adopt bitcoin those countries who want's to ride what is bitcoin and luckily that's what happen now here our country they are quiet in taking actions of bitcoin making policies.
I know there are some governments who making money in bitcoin and ride the whale of what bitcoin is.

I think that it is on an individual basis that members of the governments of different countries have huge amounts of crypto-currency, and this is why they receive big profits. But meanwhile, the ban on legalization of the crypto currency in their country is probably an ardent adherent. And everything is connected with the fact, in order to avoid taxing your income.

[btc78]

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.

Ofcourse you should use your mind,atleast if youre a nood then exemption is for you.

Before this will happen atleast news will broadcast this wont happen overnight ,so you will have a chance to sell the coins and convert to money,isnt it simple?since you said 'LOTS' of bitcoin on hand for sure theres a new door will open for me financially

[Yadstiker]

I think bitcoin is hardly to be banned around the world, for the benefit of each government is completely different, they can hardly be mutually beneficial. The government can close websites, they can catch trading floors, they can raise taxes. But the government can not stop an idea when its time comes.

Yes totally agreed, not all countries are the same perceptions on bitcoin that cause of banning mostly who adopt bitcoin those countries who want's to ride what is bitcoin and luckily that's what happen now here our country they are quiet in taking actions of bitcoin making policies.
I know there are some governments who making money in bitcoin and ride the whale of what bitcoin is.

I think that it is on an individual basis that members of the governments of different countries have huge amounts of crypto-currency, and this is why they receive big profits. But meanwhile, the ban on legalization of the crypto currency in their country is probably an ardent adherent. And everything is connected with the fact, in order to avoid taxing your income.

Yes i think it is what it is. The fact that each country is making a move while others have already done their part. One more thing is that they cannot control how to taxed those transactions if they will fully legalized bitcoin, that is why some other countries just limit its usage while they have also a protocol that both parties must agree to use bitcoin as their payment means.

[thecoder2017]

Each country has its own view regarding bitcoin and i think that some of them had already accepted bitcoin maybe because they know that it can help their people financially.

[cryptomoon1003]

There seems to be no denying that governments can ban cryptocurrencies. Bolivia, Ecuador, Kyrgyzstan, and Bangladesh have already done so. Russia issued a draft bill to ban cryptocurrencies in October 2014 and recent rumors suggest it might follow through.


Invest only what you are willing to loose 

[danielberryfy]

someone once said "a government ban on bitcoin would be about as effective as alcohol prohibition was in the 1920s"

[Freddie Aguiluz]

I think it is very difficult to make the whole world ban bitcoin, because bitcoin is the first very good digital currency and greatly affect the economy of a country, and if that happens then I will quickly exchange all my bitcoin coins with FLAT money ...

I agree. And if all country agreed to ban crypto currencies but a lot of people depends on it, it will be a big problem to the institute and it will also be the problem if the government. The government depends on the people on what they will do for their country, now if their country wants cryptocurrency then they wont have any choice

[zhanyiguai261315]

If all countries shut down, it would not be worth it!

Once the law is banned, it cannot be circulated, it cannot be bought and sold, even if you hide it, you can't eat it and you can't exchange it for anything else. What else can you value?

In fact, BTC is recognized by many countries in the world, BTC will be recognized by the whole world in the future!

[billbear]

I think that if worwide government will prohibit the cryptocurrencies, we will be still working, but the way we do will change

[Leyss]

This is simply impossible. States can no longer unite to prohibit the circulation of crypto currency. Already a lot of states recognized the existence of the crypto currency and appreciated its advantages. as well as its advanced blockchein technology. So, first of all, we see that the countries of Europe and the European Union governance bodies positively assess the crypto currency, so there will hardly ever be a situation in which the crypto currency can be banned.

[Cult]

That is hardly possible. The will be at least one one (most likely more) state which refuses to do so, so it will become a haven for all crypto projects and prosper because of all these capitals rushing into it. So it will, in turn, trigger some other countries to reconsider their attitude to bitcoin.

[The_Dark_Knight]

Bitcoin network can't just be closed. As long as there are nodes on the network that are still operating, bitcoin will still be alive and well, and serve its purpose. Unlike previous anonymous payment processors, bitcoin doesn't have a central point of attack or failure. Governments around the world can't simply shut down the network, like they did to Liberty Reserve.

It'll be unlikely for governments to actually ban bitcoins, let alone for the entire world to ban bitcoins and for the governments to form an alliance on this matter. I think the scenario would be next to impossible.

It would definitely have negative impacts on BTC, no doubt. But I would not be surprised to see if there would still be a lot of people using it as a currency. After all, governments can't shut down the bitcoin network itself.

This is precisely why bitcoin is so difficult to destroy, governments will need to ban bitcoin all at the same time and try to destroy all the nodes all over the world at the same time as well and even if a single node was kept alive that will be enough to avoid the destruction of bitcoin and I'm sure that the community will respond by creating thousands of nodes in a few days.

[Boov]

The result will be 0 value bitcoin , All opf the holders will immidiately sell their bitcoin .rememebr tha bitcoin's value depends on the number of the holder's bitcoin . Although this queation makes sense because bitcoin is being used as a secret money of some person , still it will be very hard to abolish or stop bitcoin .  If ever they will abolished it , it will result in many discussion as bitcoin not only as a currency buit also provides work on many people . Large INVESTOR WILL BE THEIR ENEMY AND IT WILL BE REALLY HARD FOR ONE country to fight large investor, because the economy of the country depends on those large investor , they might pull out their investment in certain country , so it will be very long discussion

[changcloy]

I think it is very difficult to make the whole world ban bitcoin, because bitcoin is the first very good digital currency and greatly affect the economy of a country, and if that happens then I will quickly exchange all my bitcoin coins with FLAT money ...

Yes, Bitcoin is so difficult to ban all over the world because many people are now patronizing it and many people are so happy for bitcoin comes in their/our lives it given us people a good income compare to work in a regular job but if ever it will happen just like you and to others I will convert/exchange it to FIAt/local money.

[TastyChillySauce00]

I think it is very difficult to make the whole world ban bitcoin, because bitcoin is the first very good digital currency and greatly affect the economy of a country, and if that happens then I will quickly exchange all my bitcoin coins with FLAT money ...

Yes, Bitcoin is so difficult to ban all over the world because many people are now patronizing it and many people are so happy for bitcoin comes in their/our lives it given us people a good income compare to work in a regular job but if ever it will happen just like you and to others I will convert/exchange it to FIAt/local money.

Not very difficult if all countries around the world unite, but I guess that it will not totally eliminate bitcoin from existence, there might be some people who still uses bitcoin secretly to avoid
government's punishment so by that the blockchain will still have transaction, the miners still there even if the hash power will running down drastically.

[jemarleon]

The OP's idea will never happen, crypto currency cannot replace each countries fiat there will be a big problem to this. Come to think of it again and think what will be the effect if this thought will happen.

[websoftwareengineer]

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.

I believe that bitcoins will be recognized by other countries as well and they will use it for their own economy to improve just like what japan today is doing about cryptocurrency.

[rat03gopoh]

I'm not sure all the crypto money owners will just let their coins go, maybe there will be a black market crypto if this really happens.

[Nhor1011]

     It is difficult for bitcoin to become an international currency because not all countries accept bitcoin. Every country has it's own currency issued by the goverment and bitcoin before you can use it offline you need to exchange it first into a fiat money,so i think there is no problem about it. Unless the government has a full control over bitcoin.

[Vannie12]

This is far from happening since we have already observed that some governments agreed to implement the use of Cryptos.
In the real sence, they could also benefit from it, they just have to figure out how and in a fairly way too.
It is either they abuse it and people are the one rallying for it or people are abusing it and government will try to fight it.

I know that the legalization of bitcoins in countries are temporary and may change from time to time but never ban it all at the same time. Many are interested and will always be interested in Cryptos. Not to mention the greedy users. They will not stop until they get rich.