Why Bitcoin can't be banned

[Searing]

Bitcoin itself can't be banned. But all exchanges and/or mining could be banned.

Thus Bitcoin could survive, but without exchanges and/or mining, etc, the price would be way down below $200 IMHO.

All, for example, the USA government would have to do is say, they are 'unable' to do Know Your Customer (KYC) validation

complete enough, to allow Bitcoin to continue. They could simply cite foreign exchanges and the complicated tracking of a

bitcoin thru the blockchain.

Just saying, IF the Trump Administration can advocate now in the courts to keep unaccompanied minor's taken from their parents

into former Japanese Internment Camps, (yep, they went there) with no time limit. Not sure the courts would buy this or a ban

on Bitcoin, but the fact they are advocating the former leads me to believe they could push for a ban of bitcoin as the later option.

Stupid Yes. But anything is possible, even if not practical. In the USA these days.

later

Brad

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[Spaffin]

Bitcoin itself can't be banned. But all exchanges and/or mining could be banned.

Thus Bitcoin could survive, but without exchanges and/or mining, etc, the price would be way down below $200 IMHO.

All, for example, the USA government would have to do is say, they are 'unable' to do Know Your Customer (KYC) validation

complete enough, to allow Bitcoin to continue. They could simply cite foreign exchanges and the complicated tracking of a

bitcoin thru the blockchain.

Just saying, IF the Trump Administration can advocate now in the courts to keep unaccompanied minor's taken from their parents

into former Japanese Internment Camps, (yep, they went there) with no time limit. Not sure the courts would buy this or a ban

on Bitcoin, but the fact they are advocating the former leads me to believe they could push for a ban of bitcoin as the later option.

Stupid Yes. But anything is possible, even if not practical. In the USA these days.

later

Brad

You yourself said that Bitcoin cannot be completely banned, even if its price drops significantly.  How can even if the United States prohibits the use of Bitcoin in its own country, the whole world can act in its own way and some countries already demonstrate this, like Japan for example.  Since the US government and its intelligence services are always used to controlling everything around the world, they will try to continue to do so in relation to Bitcoin.  Thus, they have no reason to prohibit Bitcoin, even in their own.

[Searing]

Bitcoin itself can't be banned. But all exchanges and/or mining could be banned.

Thus Bitcoin could survive, but without exchanges and/or mining, etc, the price would be way down below $200 IMHO.

All, for example, the USA government would have to do is say, they are 'unable' to do Know Your Customer (KYC) validation

complete enough, to allow Bitcoin to continue. They could simply cite foreign exchanges and the complicated tracking of a

bitcoin thru the blockchain.

Just saying, IF the Trump Administration can advocate now in the courts to keep unaccompanied minor's taken from their parents

into former Japanese Internment Camps, (yep, they went there) with no time limit. Not sure the courts would buy this or a ban

on Bitcoin, but the fact they are advocating the former leads me to believe they could push for a ban of bitcoin as the later option.

Stupid Yes. But anything is possible, even if not practical. In the USA these days.

later

Brad

You yourself said that Bitcoin cannot be completely banned, even if its price drops significantly.  How can even if the United States prohibits the use of Bitcoin in its own country, the whole world can act in its own way and some countries already demonstrate this, like Japan for example.  Since the US government and its intelligence services are always used to controlling everything around the world, they will try to continue to do so in relation to Bitcoin.  Thus, they have no reason to prohibit Bitcoin, even in their own.

Just saying, Bitcoin could be made 'irrelevant' in the USA. The dollar is strong, thus you could say the IRS does auto audits of BTC and/or make exchanges illegal overseas (like they

did gambling sites) and generally, make it so much of a pain that the price could dump to 3K and USA folk could be locked out.

I could not be completely banned but could be made much more distressed in price and use with such rules/laws/bans.

UNLIKELY, the powers that be will do so, but, there has not been a lot of pushback and fud IMHO from banks and other central money types...wait till BTC hits 20k plus,

either they will pile on with this FOMO, or they will increase the FUD.

[nankers]

I would like to take up the points of an article published on Bitcoinist. (Even if some will say that this media is Pro-Bitcoin the points are the most important.)

1. Laws Can’t Be Written Against Bits and Bites
2. You Can’t Ban Open-Source Distributed Software
3. Bitcoin Can Be Broadcasted via Satellite
4. You can Send Bitcoin Via SMS
5. You Can’t Shut Down the Power Grid

Any regulation can't prevent us from using Bitcoin. Despite their attempt to keep an eye on the system, it is simply impossible for them to ban people using it. So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
They have nothing to fully stop the ecosystem that is currently emerging.

100% indeed with your words. For example, in my country, bitcoin is still illegal and the government prohibits all citizens from using bitcoin, but the government cannot stop all transactions in my country. So why should you fret about the statement "xxx countries banned bitcoin". This in my opinion will not reduce bitcoin users

[proTECH77]

I think that Bitcoin is popular because It has no tax issue for any gov. Also no one knows who controlled it. Many country did not approve it.

The US government had just slash down the tax which was opposed on Bitcoin to 25%, so, the government has already entered into the world.of cryptocurrency and had.implemented tax, that's by the side.
Bitcoin can't be ban because it's just a technology which look impossible to ban. Technology.like the internet where not banned, so it.look impossible for.any government of the federation to wake up an ban Bitcoin.

[cipherhut]

Can Bitcoin be controlled by centralized authority? No! Can Bitcoin be restricted under borders? No! Then how can you ban Bitcoin, the sell/buy BTC is completely an individual will and risk too.

[Nanagyasi]

Your points are either wrong or correct depending where you are looking at the banning from. If you are just looking at it from the angle of banning the whole system, then you are right but what about targeting the exchanges and using it for payment or buying. That can be done and once hat is done, there wouldn't be any use of the system or your btc

[Utuhikan]

I think bitcoin is the first crypto currency technology so that its popularity and greatness are unquestioned. Bitcoin cannot be blocked because bitcoin is the main crypto currency that brings changes in the economy and international transactions. Bitcoin brings a lot of convenience, practicality, and speed so it has been questioned again its ability to survive until now. Instead I predict bitcoin will last for a long time and will become one of the recognized currencies.

[Fundamentals Of]

So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
They have nothing to fully stop the ecosystem that is currently emerging.

I think the fear is based in the fact that if a government does not like Bitcoin at all and decided to ban it, everything related or linked to it will also be prohibited. A ban in Bitcoin is equivalent to a ban in exchanges, in Bitcoin apps, in Bitcoin ATMs, in business that are accepting payments in Bitcoin, the banks where one could withdraw fiat from Bitcoin conversion, and so on. In other words, there would be no more point owning Bitcoin.

[dat.ho12492]

The only way you can ban bitcoin is to completely shutdown the internet. Aside this nothing can be done to ban bitcoin. No matter how much noise countries are making about banning bitcoin. Non of them have been able to make it completely. Nobody can stop us from using the coin

I think thats the one reason, because only on internet that can access bitcoin, if the government shutdown internet maybe that would probably stop. But until there is still an internet they cannot control people to use bitcoin.

Exactly. Unless an internet shutdown will happen, bitcoin will still be here. Bitcoin being decentralized is also one big reason why it cannot be banned by governments because they don't have full control from it. It might be regulated in the future but banning it totally might too impossible to happen since people will still find ways to access bitcoin.

In addition, the process of banning bitcoin has been delayed for many years when countries have always had mixed views, taking advantage of that time, the development of bitcoin has been accelerated quickly, expanding its reach and attracting more people. So far, this monster has appeared and encroached on so much land all over the world, it is too late to ban, what can be done with bitcoin right now is just to find common ground, government must cooperate with this system, seeking certain benefits

[ethereumhunter]

As long as there is an internet connection available in the country, bitcoin cannot be banned. But if the government decide to ban the internet connection, then people cannot use bitcoin, but I am sure that people will search the other way to use bitcoin and they will use VPN to connect with bitcoin. I think in the country which bitcoin is banned, people now prefer to use a VPN because they still want to use bitcoin for many things including to trading.

[whyrqa-1]

No one will ever forbid Bitcoin, because it is precisely because people are united via the Internet that they can defend their right to use cryptocurrency.  The government has no other choice but to accept cryptocurrency and legalize it in every state.  But then we will have to play by the rules that exist in every state.  And this is the payment of taxes on their income from activities in the cryptocurrency market.

[Maestro75]

Anyone thinking that Bitcoin can ever be destroyed or outlawed should just forget it because it will not happen. Just look at this level of money and businesses generated because of Bitcoin - Market Cap:  $284,918,135,730  •  24h Vol:  $55,002,810,847  •  BTC Dominance:  66.2%  •  Cryptocurrencies:  2413  •  Markets:  19619  Destroying Bitcoin means destroying almost $300 billion.

[TheCoinGrabber]

They can impose direct bans on usage but that wouldn't immediately stop people from using it. They can however hit it hard by going after miners and exchanges which we know is vital to the operations. That last one can be particularly debilitating for people that got money left in exchanges and can't get them out. Without these tow we'd have to rely on people running nodes on PCs.

[suzanne5223]

Bitcoin is considered as the worlds most popular cryptocurrency which is used for trading and selling. I think bitcoin can never be banned because of its importance to its investors.

The fact that it has a decentralized system might be too hard for a group of people or even the government itself to ban bitcoin.It's not just a currency but its more of an asset or investment wherein investors will really fight for it not to be banned or suddenly vanish in the air.

To be honest. The decentralized aspect of bitcoin was not the reason why the governments or any organization can not ban bitcoin and the believe the reason why bitcoin cant be ban was the influential power of bitcoin which why we see a lot of people from the country where bitcoin was banned still find a way to invest/trade bitcoin.

[Genamant]

Bitcoin cannot be banned because of the decentralized architecture. There is no CEO. No office. The person responsible for it is unknown.
It has no real value. we cannot even touch or hold. It cannot be controlled.  It will thrive even the chinese ban it.

[iamverybusyperson]

it can't be banned 100%, but governments can make lives of bitcoin enthusiast way harder than it is now with taxes and regulations

[drumamat]

Banning in bitcoin's ecosystem is really nearly impossible. You are right with your point that bitcoin is an opensource platform and it is not made to be regulated and is the user's choice and risk to use it.

However, banning it with the part that stopping and not allowing people to accept it and use it as a payment method is the thing to consider. You may have a bunch of bitcoin. But what would be the sense of it if the government already issued a law for the people not to accept it and not to consider the value of it? The government has the power to stop people from using it and consider it as an illegal deed.

Exactly. I also want to add that based on the latest event in the crypto world, soon all exchanges will require KYC for all users.I think no one will be pleased to get a fine or go to jail for ,,illegal use of cryptocurrency,,.

[Gi01]

I would like to take up the points of an article published on Bitcoinist. (Even if some will say that this media is Pro-Bitcoin the points are the most important.)

1. Laws Can’t Be Written Against Bits and Bites
2. You Can’t Ban Open-Source Distributed Software
3. Bitcoin Can Be Broadcasted via Satellite
4. You can Send Bitcoin Via SMS
5. You Can’t Shut Down the Power Grid

Any regulation can't prevent us from using Bitcoin. Despite their attempt to keep an eye on the system, it is simply impossible for them to ban people using it. So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
They have nothing to fully stop the ecosystem that is currently emerging.

Definitely, there is no way government authorities can stop people from using Bitcoin. Bitcoin was been used for some time before the large number of the world were introduced to this technology. They need to stop the stupidity of trying to ban or stop the use of bitcoin. The world just need to embrace this technology...

[Sayma83]

it can't be banned 100%, but governments can make lives of bitcoin enthusiast way harder than it is now with taxes and regulations

Definitely you are rights. bitcoin first and last online crypto currency, it's price day by dday increase, many peoples and many country bitcoin 100% trusted,  So Bitcoin will never be banned.