Nylelyn
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May 15, 2018, 12:46:04 AM |
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This scenario is far from reality to happen since we have heard in the news that some countries like Japan regulated already the use of bitcoin. If this happens, this will create dispute between the benefit that bitcoin provides to people and the fight of the state with regards to fiat. Fiat money will never die, especially in third world countries where facilities like internet and computers are not available in all places. Anything can be arrange accordingly and should not end like this.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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slyfox
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May 15, 2018, 05:11:06 AM |
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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 think that scenario that is already happening, governments are looking at the possibility that bitcoin becomes really big and if that happens we cannot expect that they stay silent, they are going to take steps in order to try to neutralize the threat that bitcoin represents to them, but if we are perfectly honest with ourselves we will find that it will be possible for them to completely stop bitcoin and they know it. |
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justdimin
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May 15, 2018, 06:23:55 PM |
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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.
Unfortunately, in that case there is nothing you will be able to do about it as you may not even see an exchange to make use of and you could as well just be bag holding your bitcoin hoping that one day, you may as well just get to spend it again. Nevertheless, no need worrying about situations like this as I do not see in any way where the whole government all over the world will deliberately gang up against bitcoin to make it nonexistent. Most especially, there is nothing to hold against it even if it becomes a threat to fiat and worst that can happen is strict regulation which still does not affect anything much. |
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777Jolami
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May 16, 2018, 06:00:17 AM |
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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 But I for example BTC is banned by the government, in my opinion BTC can still exist. Despite the low price, BTC is still traded in decentralized places. Not to be traded in the current concentration. But that is just an example, in fact the BTC is now accepted by many countries not easy to collapse. |
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EnricoGomez
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May 18, 2018, 07:45:06 AM |
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I do not think that there is enough reason to why all countries should ban cryptocurrencies - they are the future of traditional fiat in this digitalized world we are on. A huge percentage of pople who think crypto should be banned are clearly have no adequate knowledge about its importance and how it can revolutionize money as we know it.
Cryptocurrencies especially bitcoin have far lot greater potential and benefit.
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wantjokull
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May 18, 2018, 08:10:41 AM |
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I am pretty sure that this day wont come as its the government's money that will be locked in into the Bitcoin. (In the form of Taxes)
But lets consider if they really do that then this could turn the whole world into chaos. There is more than 400 billion stuck into the crypto currencies and mega companies have also started using the crypto currency. This means it could hamper the world economy badly leaving the panic among the people.
So for that not to happen government will give some chance for us to cash out everything that we have in the crypto currency and then the prices for the coins will become zero. The one who cash out first will benefit and others will go on loosing as the prices drop.
This is something thats gonna happen surely.
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sunanbonang
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🚀🚀 ATHERO.IO 🚀🚀
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May 18, 2018, 08:40:13 AM |
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there is no reason for the government to ban bitcoin. should they not ban but make rules !
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[www.athero.io] ❒ ATHERO ❒ Internet 3.0 solution
▀▀█▄▄ A revolutionary decentralized digital economy ▄▄█▀▀ |
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BillCoin
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May 18, 2018, 12:32:20 PM |
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You can't really prohibit usage of a decentralized network, the whole thing about it is that the nodes can run the network without the need of a centralized unit.
Governments can decide that they are no longer going to allow fiat-transactions that are related to bitcoin, but they cant actually block the on chain bitcoin transactions.
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Domanity
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May 18, 2018, 01:19:11 PM |
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If it really happened, then it is the doomsday for the Cryptocurrency players! because All countries have united banned, continue to where to go Bitcoin. I think Bitcoin will die, And people who have a lot of assets in Bitcoin, Will crying lamenting his fate, because assets worth hundreds of millions just disappear.
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Sab11
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io.ezystayz.com
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May 18, 2018, 01:35:21 PM |
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Hope that will not happen in the futre, but if government suddenly prohibits the use of bitcoin, i will sadly sell them in to exchnager to earn atleast some profit, lets just follow the rules and go with the flow.
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0t3p0t
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May 18, 2018, 01:38:05 PM |
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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.
It is really hard to speculate in this early days of cryptocurrency most especially Bitcoin because a lot of countries keeps on adopting and making implementations and just decide to only regulate cryptocurrency such as Bitcoin and Ethereum just like here in my country. Fiat money and Bitcoin has both importance to each and everyone of us because they have different technology and purpose. They also have advantages and disadvantages so depending on our desire and usage we will choose what makes us comfortable and convenient. |
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automaticmoney
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May 18, 2018, 01:49:43 PM |
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Governments work in regulating bitcoin but in India they are trying hard in making restrict cryptocurrency in a confused way some country cryptocurrencies don't have acceptance of any form
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bakekang
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May 18, 2018, 11:43:33 PM |
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If thats happened bitcoin will totally ends, and the holders of bitcoin will just stare the bitcoin they have and feels upset/ very down. But it will not gonna happen, bitcoin will not totally ban in all countries.
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magneto
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May 18, 2018, 11:56:35 PM |
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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.
What you're suggesting is probably never going to happen. The worldwide regulation of bitcoin may occur, and in fact, the process is already starting to get underway. However, the worldwide ban of bitcoin is simply something that will never happen. It'll cause public outrage, and will be completely ineffective. For as long as people see a reason to use bitcoin, and there always will be as long as fiat is still in existence, bitcoin will survive. Bitcoin is decentralised. People will simply trade peer to peer instead of on regulated exchanges, just as we see in countries with exchange bans already. But again, these are very extremely circumstances that will never happen. |
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Lesterus
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May 19, 2018, 01:10:03 AM |
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Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
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The_Dark_Knight
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May 19, 2018, 04:02:24 AM |
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Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
Never say never, the probability that bitcoin is going to be banned all over the world is not very high but the possibility is there, there are some very powerful countries like China that do not like bitcoin at all, and it is possible that the United States probably agree with the stance of China and if both countries were to unite their diplomatic strength they could convince most countries around the world to ban bitcoin. |
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Max.junior1
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May 19, 2018, 05:51:40 AM |
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Bitcoin has a large enough community, I think it's very difficult to drop the bitcoin and make bitcoin no value at all. You do not panic, I'm sure bitcoin will still exist. The government in my country also forbids bitcoin, but I can still use bitcoin as an exchange rate.
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Idaujotaite
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May 19, 2018, 08:54:15 AM |
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It’s as simple as - they can’t do that. Sure they can put “frames” around it but they can’t prohibit it all together.
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MiniMountain
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May 19, 2018, 09:03:52 AM |
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It’s as simple as - they can’t do that. Sure they can put “frames” around it but they can’t prohibit it all together.
Definitely agree on this one because of the fact that no one owns Bitcoin and it is decentralized so all that they can do is limit their citizen on using Bitcoin. it is also being recognize by large companies and believes on what Bitcoin can do in the near future so I think it won't happen as long as Bitcoin remain with strong community. |
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robotrobert
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May 21, 2018, 11:07:04 AM |
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there is no reason for the government to ban bitcoin. should they not ban but make rules !
Although they can’t just ban bitcoins but they have. They have banned bitcoins since the first day. They don’t like bitcoins just for the reason that it might open their all records of corruption or they can’t be able to make any more money because of proper transactions recording. This is reason for so many government officials that for their personal interests only, we are facing ban on bitcoins. |
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