minersday
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April 24, 2019, 11:41:09 PM |
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I think that the author of that article should speak with the Chinese Government since they are now banning bitcoin. We all know that once the Chinese Government moves it's for real. Too bad for Chinese people who use bitcoin and other cryptos, lucky for us since our government thinks the same as the author of this article.
Please provide a source to your claims regarding Chinese Government banning Bitcoin. Speculations with no evidence are just false accusations which are not needed in the crypto ecosystem. I have seen this speculation but no one has provided any evidence to back this claim. There is not way the government can stop people from using Bitcoin even if they ban it usage in the country. You can be in any country and still trade your Bitcoin for fiat money easily.
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andika2018
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April 25, 2019, 01:11:00 AM |
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Bitcoin will never be banned because Bitcoin is the most influential crypto currency this time. There is no online site that does not accept Bitcoin. The most expensive crypto currency in the world is this bitcoin whose price is more than five thousand dollars. Bitcoin is the most trusted one of the crypto coins that people have gained to believe. Bitcoin priority in online marketing is the first of all.
Bitcoin can not banned because its decentralized and there is no CEO. Bitcoin depend on internet network and if government want to ban bitcoin, government should ban internet or shutdown internet connection to their country. There is not law or regulation can reach bitcoin because the decentralized system and miners hold the transaction data. Data spread all around the world
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Siren
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April 25, 2019, 01:15:47 AM |
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I think that the author of that article should speak with the Chinese Government since they are now banning bitcoin. We all know that once the Chinese Government moves it's for real. Too bad for Chinese people who use bitcoin and other cryptos, lucky for us since our government thinks the same as the author of this article.
The question is did Chinese already banned bitcoin?and who told you that they are banning this cryptocurrency?where did you get rhat stupid idea?know what?next fime before putting some issues betther you have proof so you won’t look like stupid Chinese Government is banning ICO since it’s more than scamming but bitcoin?nope and they can’t do that trust me mjust like what OP said above the impossible is what bitcoin has
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misterjo
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April 25, 2019, 03:09:30 AM |
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bitcoin can not be banned because it is decentralized, I believe that countries know they can not prohibit it (no matter how many laws of censorship laws they approve), what they seek is to make it difficult for people to interact with bitcoin (not being able to buy or sell easily) and thus reduce its importance in the country
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jake zyrus
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April 25, 2019, 03:15:37 AM |
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The argument is right and they can't really ban bitcoin but I think what they're trying to do is stopping people to use it. Since they can't control bitcoin, they're controlling the users of bitcoin in their country. If you are just a normal citizen it's hard to go against the government and they have no choice. Unless you want to be a deviant just to make a transaction
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iqlimasyadiqa
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April 25, 2019, 03:21:26 AM |
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Banning bitcoin will only slow down the development of bitcoin and will not eliminate bitcoin. as long as we have internet access, we will still be able to make transactions with bitcoin. overall that bitcoin was created as a free transaction and can be used by everyone in the world. banning will only reduce prices, because demand will continue.
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mk4
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April 25, 2019, 03:26:47 AM |
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There is no online site that does not accept Bitcoin.
Are you serious? lol. Amazon, eBay, Alibaba, target.com, walmart.com, and pretty much 98% of all websites?
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Ayiranorea
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Leading Crypto Sports Betting & Casino Platform
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April 25, 2019, 03:29:42 AM |
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People continue to use it from the countries where ban is imposed over bitcoin. One who has used to it will never stop using it at any price. With this even if the entire countries around the world bans bitcoin, the usage will continue as the present. Being decentralized help people use it in a much safer way than other sources.
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pooya87
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April 25, 2019, 03:41:45 AM |
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So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
because although nobody can stop you from using bitcoin but as a "law abiding citizen" you don't want to break the law even if it is unreasonable so for example if a country bans bitcoin and decides there should be imprisonment for anybody using it, no merchant is going to accept it, because why would they? so there is no usage. you would also think twice before wanting to own any bitcoin. besides it is not black and white to ban or accept with open arms. in 90% of the cases it is about restrictions, high taxes, unreasonable regulations,... that can be preventive for the adoption.
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miyong
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April 25, 2019, 04:34:29 AM |
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It cant be banned, first of all they must wipeout all the miners in the whole world. Miners is the source of Bitcoin's life. Another nobody knows if you own a mining rig. Long live Bitcoin! I tell you crypto is the future of money. 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.
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jubilarian
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April 25, 2019, 04:35:23 AM |
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Like what you mentioned, I think the banning is impossible. Countries banned it, people can use p2p transaction to buy/sell and that's so hard to control by government. Perhaps, the government must shut down the the power grid.
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ttcsalam
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April 25, 2019, 04:59:46 AM |
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Bitcoin is related with lots of people and lots of software and lots of web development.At present Bitcoin some country is thinking to compare with banking system.Hear big big investor is related with Bitcoin trading.I think if lots of country think to banned it.its possible or not Because some county now running online marketing by using Bitcoin so its not possible to banned individual any govt or individual any county.
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Crypto Girl
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April 25, 2019, 06:13:48 AM |
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To my opinion there is no fear of banning Bitcoin because most governments, at least in developed countries, are aware that Bitcoin and cryptocurrencies can't be marginalized anymore.
And well aware of its potential value in the future,. perhaps only those countries that is under military dictatorship can be against it or at least don't want technology innovation. Thus, this ban will be a long process for every country and sure the voice of the people will be above of government before it will be implemented. For now I even don't see any threat for the government to ban bitcoin especially in my country and besides there more big issues needed to be focus than bitcoin.
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ZloiRediska
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April 25, 2019, 07:07:18 AM |
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The story of the threat of decentralization of Bitcoin by the Chinese mining factories is certainly the place. But I think that the main holders of Bitcoin understand and know about this threat. Therefore, the necessary measures will be taken in the future.
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Questat
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April 25, 2019, 07:18:44 AM |
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If they were able to stop bitcoin, they already did earlier, now that the adoption is increasing and people understands it more, they cannot stop us for using bitcoin. Remember that china ban bitcoin but it does not affect the crypto market, maybe a slight effect on the announcement but market recovers, this is universal and we own this so the government can never stop it as long as the support is present.
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Pursuer
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Where is my ring of blades...
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April 25, 2019, 07:41:09 AM |
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that is what being decentralized and censorship resistant means. we keep hearing these terms or even use them ourselves sometimes but some people don't know the real meaning of them. and this here is exactly what these two mean, they are the reason why bitcoin can never be banned, killed,... because it doesn't have a centralized point of failure. to kill it you will have to kill thousands of individuals all around the world who are running a node and/or mining bitcoin blocks. and that is why we always fight to keep it decentralized and kick anybody who wants to pull us towards centralization in the mouth!
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Only Bitcoin
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Lexurdania
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April 25, 2019, 07:52:31 AM |
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If they were able to stop bitcoin, they already did earlier, now that the adoption is increasing and people understands it more, they cannot stop us for using bitcoin. Remember that china ban bitcoin but it does not affect the crypto market, maybe a slight effect on the announcement but market recovers, this is universal and we own this so the government can never stop it as long as the support is present.
I am agree with you. Bitcoin network depend on internet. If government want to ban bitcoin, government should shutdown the internet and i think its impossible for government. There is no data center for bitcoin because transaction data spread all miners computers and i think there is no way for government to shutdown bitcoin
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Cacingkemi
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April 25, 2019, 08:03:42 AM |
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The news that the ban BTC is only briefly won't last long, users can access BTC like the points you wrote. As humans we have the right to determine freedom for ourselves, BTC does't make users lose even we are fortunate to know BTC as a payment without tax.
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CryptoBry
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April 25, 2019, 08:12:06 AM |
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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. Of course, we already know that technically speaking no country can ban Bitcoin, but they can regulate measures where the use, distribution and conversion of Bitcoin to cash can be so hard that people are discourage of joining the Bitcoin bandwagon. And we know that these countries have dictatorial governments where those in power are exercising higher degree of control on the lives of the people as compared to what many people take for granted in the West. I for one will not be risking my safety and that of my family just for the sake of having a Bitcoin -- that is not worth it all. However, we should really note that Bitcoin can do well even without those countries not friendly with it. We have seen it after China banned Bitcoin...it is still here alive, kicking and is about to be making many pumps towards the end of 2019.
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Mind Control
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April 25, 2019, 08:19:17 AM |
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... "I'm afraid my country will ban Bitcoin!"...
I believe that the concept of "banning" people are afraid of is if their government would declare a law or something that prohibits banks, within their country, from exchanging Bitcoin or any cryptocurrency to fiat. Yes people can still use Bitcoin and can transact via blockchain. But if these people cannot exchange their Bitcoin to cash, that would be troublesome. Bitcoin is still intangible and people does not have much trust in something like that so people would still lean on fiat.
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