Bitcoin cannot be banned

[bitbunnny]

Just by even looking at our news about current developments you will see that more and more governments are being in favor with having a crypto industry in their country. Even the ones who have a conservative  government or has strict views with crypto are starting to change their views and opinions about it, this only means that they are starting to see the benefits and opportunities they will have economically and financially if they become a crypto friendly country. The cons are also not that bad if they can be prevented with enforcement and additional laws.

Of course and that is logical development of situation. Governments also want to benefit from cryptocurrencies and they are aware they've become a part of the modern society so they have to find the way how to fit it in the formal legal and economy system the best. To my opinion all those theories about Bitcoin ban didn't have any solid ground and sone members of Bitcoin community just wanted to feel as rebells or kind of outcasts.
Maybe only few underdeveloped and countries with strict authoritary governments will decide to go with ban but that will only be exception.

[matchi2011]

let them say bitcoin will die, but I believe that bitcoin cannot be killed by a big country though, I like the way it works because it makes it easier for people to make transactions without having to have a third party, the more they try to drop bitcoin but bitcoin will continue to grow with many large communities every day, those who say democratic countries should be ashamed of banning all people's rights to use bitcoin

With how communities are reacting to this industry, most government will no longer suppressed the use of bitcoin and more and more people
will be there to support this crypto coin, innovations are being embrace and part of that is this crypto industry to move forward and continue
to have more support. It's a matter of time when all those countries will change mind regarding to this market.

[alexsandria]

From the very nature of itself decentralized meaning no central authorities controlling at the center of it, thus, permissions, deployment, and other stuff that can control it ain't existing. Though it can be manipulated by whales but it is a different story though. The nature itself defies such banning stuff out there, bitcoin really cannot be banned but the use of it can be, though transactions can be made under the surface level wherein government are blinded.

[LouVandetta]

There were some countries that have tried to banned bitcoin and the use of them and cryptocurrency in general. Well, those government cannot really stopped its people from using bitcoin. There is always a "way" for them to use it. The harder they tried to restrict bitcoin only made more news about bitcoin keep coming hence make a lot of people that never heard of bitcoin become curious. It makes bitcoin spreading all around the world. And people started to wonder why is it restricted and all. And nowadays more countries starting to adopt bitcoin and blockchain, so other countries might follow if it's prove its worth.

[barota]

why banning bitcoin ? because bitcoin is a fast transaction that help marchent of all country in world . that can help merchant that make product and want sell . i think there no benifit of banning bitcoin for all people . it is deficult for creating again this popularity bettwen all users of internet that already created since 10 years at latest

[Lagduf]

There'll always some people who confront something and they will become denial like that for another decades until bitcoin prove itself. Most of the people also said that bitcoin couldnt work because it;s backed by nothing but I don't think that's true. Everything in this world has value because people says so, like diamond which is only a transparent stone and it's expensive because people says so even though it's not a rare mineral.
even if bitcoin banned no one could actually stop people from using it, basically it's true that it's actually cannot be banned.

[Wexlike]

There'll always some people who confront something and they will become denial like that for another decades until bitcoin prove itself. Most of the people also said that bitcoin couldnt work because it;s backed by nothing but I don't think that's true. Everything in this world has value because people says so, like diamond which is only a transparent stone and it's expensive because people says so even though it's not a rare mineral.
even if bitcoin banned no one could actually stop people from using it, basically it's true that it's actually cannot be banned.

It's more interesting to see how the cryptocurrency space works when the whole Internet is shut down like currently in Iran. We all have to hope for satellite internet sponsored by SpaceX apparently.

Link: https://www.engadget.com/2019/11/17/iran-shuts-down-internet-access-fuel-protests/

[bitvalak]

It is impossible to stop bitcoin which has a decentralized system, all transactions are recorded on the blockchain and anonym.
Except for just stopping its circulation through government regulations which in my opinion make no sense. But in my opinion it doesn't limit how bitcoin can develop into bigger than it is today.

[bitcampaign]

let them say bitcoin will die, but I believe that bitcoin cannot be killed by a big country though, I like the way it works because it makes it easier for people to make transactions without having to have a third party, the more they try to drop bitcoin but bitcoin will continue to grow with many large communities every day, those who say democratic countries should be ashamed of banning all people's rights to use bitcoin

With how communities are reacting to this industry, most government will no longer suppressed the use of bitcoin and more and more people
will be there to support this crypto coin, innovations are being embrace and part of that is this crypto industry to move forward and continue
to have more support. It's a matter of time when all those countries will change mind regarding to this market.

yes that's what happened in my country, it really takes time for all countries to accept about this blockchain technology innovation and understand also about the use of bitcoin, since 2017 the government in my country prohibits bitcoin from being a currency because the law prohibits it, so every payment transaction anything will be banned with bitcoin and at the time the rules are a bit corner and now bitcoin is said to be a digital asset so it's not too bad than before and other restrictions

[LargoCoin Foundation]

It is impossible to stop bitcoin which has a decentralized system, all transactions are recorded on the blockchain and anonym.
Except for just stopping its circulation through government regulations which in my opinion make no sense. But in my opinion it doesn't limit how bitcoin can develop into bigger than it is today.

To be completely fair BTC is not anonymous at all. If the measures aren't taken by an individual to make transactions concealed the whole history can be easily tracked using specialized software, both by companies and individuals. So please don't confuse anyone that it's anonymous, it's pseudonymous. But there's way to make transactions more stealthy by using mixers and other measures, you can read tons of materials about it. Another point is that BTC can be easily stopped by stopping all exchanges that exchange it to fiat currencies, guess I don't have to explain that.

[jets567]

The reality now is that Bitcoin was banned on some countries but because of it's decentralization wherein people can use it anonymously so whether the government like it or not their citizens will find ways to be involve in crypto as long as they don't get caught. Even if the government don't give their full support, I'm pretty sure that Bitcoin will still exist because we have a huge crypto community that continuously use these technology.

[FanEagle]

Bitcoin is decentralized and it can never be ceased.
However, government can apply strong negative force on it and ban it indirectly. They can regulate mining or other activities that are vital for Bitcoin and paralyzed the network easily.

The power that they have over the bitcoin is that they can regulate it but they can never ban it or even be able to control it because of its locked system. When we even talk of regulating it, they can only regulate it by manipulating it the way that china is doing so that people can get discouraged about it, and still at that, people can get discourage about using it as digital asset but can never get discouraged about using it as means of payment.

This is still the easiest means of making payment across the bother that I have ever seen and this is also one of the benefit that some countries that have adopted it have seen that is making them give full support and even if countries like china ban mining, there will still be some countries that will be opened to accepting.

[Hamphser]

The reality now is that Bitcoin was banned on some countries but because of it's decentralization wherein people can use it anonymously so whether the government like it or not their citizens will find ways to be involve in crypto as long as they don't get caught. Even if the government don't give their full support, I'm pretty sure that Bitcoin will still exist because we have a huge crypto community that continuously use these technology.

Well, it's very basic that people will use the available choices that doesn't look like a good idea to them but technically not a bad idea for the government too. And it is using the anonymous surfing apps just to use their crypto besides, the government can't really ban any usage of cryptocurrency to the people, they can just ban the exchanges for trading it inside of their country.

[DoublerHunter]

The reality now is that Bitcoin was banned on some countries but because of it's decentralization wherein people can use it anonymously so whether the government like it or not their citizens will find ways to be involve in crypto as long as they don't get caught. Even if the government don't give their full support, I'm pretty sure that Bitcoin will still exist because we have a huge crypto community that continuously use these technology.

Well, it's very basic that people will use the available choices that doesn't look like a good idea to them but technically not a bad idea for the government too. And it is using the anonymous surfing apps just to use their crypto besides, the government can't really ban any usage of cryptocurrency to the people, they can just ban the exchanges for trading it inside of their country.

^ You completely mean that using a VPN? Of course, we can hide our identity when using crypto or Bitcoin but it is only for using Bitcoin transactions. When it comes to converting into fiat there's 40% you will recover due to KYC implementation in some custodial wallet which is following rules in government. Nevertheless, the government can't ban Bitcoin but they had control to manipulate users. For further explanations look at this article, https://cryptoslate.com/why-certain-countries-ban-crypto/.

[Mahanton]

The reality now is that Bitcoin was banned on some countries but because of it's decentralization wherein people can use it anonymously so whether the government like it or not their citizens will find ways to be involve in crypto as long as they don't get caught. Even if the government don't give their full support, I'm pretty sure that Bitcoin will still exist because we have a huge crypto community that continuously use these technology.

Well, it's very basic that people will use the available choices that doesn't look like a good idea to them but technically not a bad idea for the government too. And it is using the anonymous surfing apps just to use their crypto besides, the government can't really ban any usage of cryptocurrency to the people, they can just ban the exchanges for trading it inside of their country.

^ You completely mean that using a VPN? Of course, we can hide our identity when using crypto or Bitcoin but it is only for using Bitcoin transactions. When it comes to converting into fiat there's 40% you will recover due to KYC implementation in some custodial wallet which is following rules in government. Nevertheless, the government can't ban Bitcoin but they had control to manipulate users. For further explanations look at this article, https://cryptoslate.com/why-certain-countries-ban-crypto/.

You are right and we know that Bitcoin is always been pegged with Fiat value so we would really end up on converting to fiat which means we are still tied up with regulations.
Yeah it sucks to hear that out but thats the sad reality yet regulation and law will always be ahead into anything.Banning services that do involves crypto/btc will
surely have that big effect on the entire crypto market.

[Visbay]

It is impossible to stop bitcoin which has a decentralized system, all transactions are recorded on the blockchain and anonym.
Except for just stopping its circulation through government regulations which in my opinion make no sense. But in my opinion it doesn't limit how bitcoin can develop into bigger than it is today.

Yeah hard to stop infect it’s growing more and more with the passage of time. Now bitcoin is being accepted around the world. Few more countries have adopted bitcoin so I think it will be more strong. Bitcoin has a lot of supporters who are keeping it alive and it’s getting even more famous with time. Bitcoin price is also improving I am sure it will remain the same forever.

[owengtam09]

It is impossible to stop bitcoin which has a decentralized system, all transactions are recorded on the blockchain and anonym.
Except for just stopping its circulation through government regulations which in my opinion make no sense. But in my opinion, it doesn't limit how bitcoin can develop into bigger than it is today.

I agree I don't also think that bitcoin can stop, it can use online so anytime we can use it every time and everywhere we want even if the government will say that they are banning bitcoin to their country as long as it is accessible we can still use bitcoin. Unless all bitcoin sites in your country will be banned by your government including bitcointalk.

[Colt81]

In my own personal opinion, bitcoin can be banned because even bitcoin is decentralized that it cannot be controlled. The government will still find a way for it will be shutdown, that is why we should be careful with our actions, especially for those people who do scams because if this kind of scam activities in cryptocurrency was increased they would probably turn it down.

[error08]

The value of bitcoin comes from the people's faith that a decentralized currency is a better way for an alternative or probably could be the main currency.
However, a country could ban bitcoin to be used as a means of payments replacing fiat currency due to the government's power to rule the country, although not everyone will obey to regulations.

[Silberman]

An interesting read on the economics of Bitcoin:

https://www.unchained-capital.com/blog/bitcoin-cannot-be-banned

Excerpt.

The Progression of Denial & Stages of Grief

The skeptic’s narrative consistently shifts over time. Stage one of grief: bitcoin could never work – it is backed by nothing. It is nothing more than a present-day tulip mania.  With each hype cycle, the value of bitcoin rises dramatically and is then followed by a correction. Often extolled as a crash by skeptics, bitcoin fails to die and in each instance, it finds support at levels higher than prior adoption waves. The tulip narrative becomes tired and the skeptics move on to more nuanced issues, re-anchoring the debate.  Stage two of grief follows: bitcoin is flawed as a currency. It is too volatile to be money, or it is too slow to be a payments system, or it cannot scale to satisfy all the payments in the world, or it wastes energy. The list goes on. This second step is a progression of denial and it is a significant departure from the idea that bitcoin is nothing more than nothingness.

Bitcoin can and it will be banned by most governments around the world, what they cannot do is to enforce that ban since they do not have any control over the network, this will most likely happens because the economy of the world will stop growing and it will begin to contract and people will realize that the economic growth they supposedly experimented was felt only by the rich so even if bitcoin is illegal they will find a way to use it if it is of benefit to them.