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Author Topic: What will happen if 100% government ban bitcoin?  (Read 1985 times)
Zarathustra
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January 28, 2014, 01:35:03 PM
 #21

The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

There was never any government in an anarchist environment. Anarchy is where you are not governed: In some last territories in the rainforest and in the arctic tundra; and 10'000 years ago everywhere, before the birth of the tragedy: the invention of organized violence (state and church).

So who in fact governs the governments.

We the people, the brainwashed sick collectivists (citizens), the 'living' cartoons of the former human.
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hilariousandco
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How does one bitcoin?


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January 28, 2014, 01:43:54 PM
 #22

The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

There was never any government in an anarchist environment. Anarchy is where you are not governed: In some last territories in the rainforest and in the arctic tundra; and 10'000 years ago everywhere, before the birth of the tragedy: the invention of organized violence (state and church).

So who in fact governs the governments.

We the people, the brainwashed sick collectivists (citizens), the 'living' cartoons of the former human.

Governments only have power because we give it to them and even pay them to do it. Stop paying their wages and they'll soon lose control.

Bitcoinpro
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January 28, 2014, 01:48:35 PM
 #23

troll post please delete  Cheesy

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Tripjammer
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January 28, 2014, 03:06:22 PM
 #24

These are all temporary setbacks. Bitcoin did not crash yesterday. The US is not going to ban bitcoin. They will just prosecute people who use it illegally. The USA and most western countries will embrace bitcoin and in 5 years time you will see bitcoin approach $10000 a coin or more.

The bad apples have to shake out first...

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January 28, 2014, 03:29:48 PM
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Well, silk road was banned technically, but it still happened and people used Bitcoin to buy there.  In fact that was probably a big reason price went up at first.
corebob
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January 28, 2014, 03:35:00 PM
 #26

All US enslaved governments are stacking up for another market crash as we speak. Once it goes live, bitcoin will see another round of adoption.
Bitcoin was created out of necessity so I doubt it will go away. Its the only healthy currency these days.
BTCisthefuture
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January 28, 2014, 03:40:21 PM
 #27

Not likely it will happen.

If it did though, it simply means bitcoin is a black market thing. It will still be around just like online piracy or drugs are still around.  Would be great news for criminals actually Smiley

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
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January 28, 2014, 03:54:51 PM
 #28

The government works in an anarchist environment. There are no rulers, each entity is sovereign. It is unlikely that all will do the same, the market will make sure there is diversity.

Imagine that there were no slaves, all individuals a sovereign.

There was never any government in an anarchist environment. Anarchy is where you are not governed: In some last territories in the rainforest and in the arctic tundra; and 10'000 years ago everywhere, before the birth of the tragedy: the invention of organized violence (state and church).

So who in fact governs the governments.

We the people, the brainwashed sick collectivists (citizens), the 'living' cartoons of the former human.

Oh I forgot. It's been a long time since I thought along those lines.

hilariousandco
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January 28, 2014, 04:03:06 PM
 #29

Not likely it will happen.

If it did though, it simply means bitcoin is a black market thing. It will still be around just like online piracy or drugs are still around.  Would be great news for criminals actually Smiley

Even if it was somehow banned by most governments worldwide it would still thrive underground just like it did originally.

jcoin200
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January 28, 2014, 04:04:18 PM
 #30

what will happen if 100% of all government around the world ban bitcoin??

any thought?

By ban do you mean make it illegal?  If so then I would ask how that has worked out for drugs, or alcohol during prohibition.  They can try but they wont be able to ban it
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January 28, 2014, 06:31:04 PM
 #31

Government will ban Bitcoin simply by perfecting the quantum computer, and then attacking by virus every instance of the blockchain. Perhaps they have already done it, and that's the real reason Bitcoin is not at $10,000 per Btc.

Smiley

BTCisthefuture
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January 28, 2014, 06:40:25 PM
 #32

Not likely it will happen.

If it did though, it simply means bitcoin is a black market thing. It will still be around just like online piracy or drugs are still around.  Would be great news for criminals actually Smiley

Even if it was somehow banned by most governments worldwide it would still thrive underground just like it did originally.
'

Exactly, that's what I'm saying. It would be a black market thing.  Torrents and online piracy is illegal in a lot of countries but still thrives. Drug are illegal in most countries but still easy to obtain and find and there's still huge money behind it.  If bitcoin was illegal plenty of people would still use it, but it would be illegal.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
BADecker
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January 28, 2014, 06:50:11 PM
 #33

If governments can't destroy the blockchain by hacking it, and if they attempt to ban Bitcoin, they will destroy themselves.

They know this, and so they will try to use Bitcoin and incorporate it into their operations. Watch out for regulation rather than banning. The regulation will happen in areas that they can watch - NSA spying - like what products are transferred where without some regular fiat currency payment.

Smiley

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