Bitcoin cannot be banned

[crossabdd]

indeed on the scale you provide, all that is true. Bitcoin cannot become a global currency due to large fluctuations, privacy, anonymous nature. so it is very difficult to entrust this to a country. and the weakest for currencies is, basic decentralized. this is the main reason that bitcoin does not qualify as a currency. and will continue to be a controversy in the future.

[1714787762]

1714787762

[1714787762]

1714787762

[1714787762]

1714787762

[owengtam09]

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 shut down, 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.

How they can shut down the bitcoin if they didn't know whos the owner of it? And in my opinion, even if they banned bitcoin maybe that is only a site of a bitcoin, like this forum, or online bitcoin stores and those bitcoin wallets will not accessible in their country they can ban the site but the bitcoin itself will never be banned.

[kapalmabur]

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 shut down, 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.

How they can shut down the bitcoin if they didn't know whos the owner of it? And in my opinion, even if they banned bitcoin maybe that is only a site of a bitcoin, like this forum, or online bitcoin stores and those bitcoin wallets will not accessible in their country they can ban the site but the bitcoin itself will never be banned.

it's just that the regulation must be carried out because if you regulate Bitcoin in the country then Bitcoin will not be misused,
such as financing terrorism and money laundering, indeed bitcoin can never be banned, because this is decentralized,
there is no real owner of bitcoin, we are all owners !, so You know for sure that Bitcoin will always be there

[barota]

bitcoin help lot of traders in the world for selling their production and with fast with bitcoin whatever now or in the future . and bitcoin sign of science and exchange of opinion in trade and economy . and bitcoin in recent years have lot value in the economy ; i think no one will benefit for banning bitcoin

[Silberman]

indeed on the scale you provide, all that is true. Bitcoin cannot become a global currency due to large fluctuations, privacy, anonymous nature. so it is very difficult to entrust this to a country. and the weakest for currencies is, basic decentralized. this is the main reason that bitcoin does not qualify as a currency. and will continue to be a controversy in the future.

How is it possible that you believe that decentralization is a weakness for bitcoin when that is what it has allowed bitcoin to still be here 10 years after its creation? Satoshi knew very well that if he created a coin that was centralized then governments could destroy it as soon as they decided to do so as they have done with many services that do not abide by their rules, satoshi made bitcoin decentralized so no government, bank or any institution could kill it.

[mithun303]

Bitcoin will never banned because it's a digital currency, Bitcoin is widely used in developed countries. but i don't know why Bitcoin has become a band in some countries. For example, i don't know why bitcoin is banned in Bangladesh. i think it should be introduced in Bangladesh. Bitcoin should be introduce not only Bangladesh but also in all countries where it's banned. 

[bitbunnny]

By its nature Bitcoin is hard to ban. It's not part of any system, no regulatory body, it's independent and decentralized. To use it you basicly need only internet acess.
However, some governments may bring certain regulation that use of Bitcoin is illegal or prohibited but users will always find the way. Besides, I don't think there is any general intention to ban Bitcoin, just the opposite, ecept maybe in some countries that don't respect freedom, free economy and human rights.

[rodskee]

indeed on the scale you provide, all that is true. Bitcoin cannot become a global currency due to large fluctuations, privacy, anonymous nature. so it is very difficult to entrust this to a country. and the weakest for currencies is, basic decentralized. this is the main reason that bitcoin does not qualify as a currency. and will continue to be a controversy in the future.

How is it possible that you believe that decentralization is a weakness for bitcoin when that is what it has allowed bitcoin to still be here 10 years after its creation? Satoshi knew very well that if he created a coin that was centralized then governments could destroy it as soon as they decided to do so as they have done with many services that do not abide by their rules, satoshi made bitcoin decentralized so no government, bank or any institution could kill it.

It is already a global currency because Bitcoin spreads the world now and majority of the world are accepting Bitcoin
 already or even if they don't accept at least they
 are not clearing this as illegal currency.there many countries now in which treating Bitcoin as  their legal tender meaning
we already have this as transaction paying currency
.And being decentralized is not a bad approach because yeah there are some government that don't wanna put this in
 to their economy but in future i know,they will understand what
 this is all about.

[Zackgeno96]

^^ 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.

But the worldwide ban on cryptocurrencies isn't gonna happen as there are countries like Malta which have legalized cryptocurrencies and are safe harbor for many of the companies dealing in the cryptocurrency business. Also i agree with you on the fact that it is decentralized and can't be banned as there will always be people supporting the network and there isn't a central server holding all the information, anyone with a copy of complete blockchain can again start the network if something bad happens.

[el kaka22]

Bitcoin trading, bitcoin exchanges, bitcoin usage and many other things that can be banned and isn't that enough to destroy the market? I mean if the governments come out tomorrow and tell you that you can't store bitcoin, you can't trade bitcoin, you can't spend bitcoin, doing anything with bitcoin is highly illegal and has 100k dollars punishment if you do it with no jail time, just money punishment. Would you continue to use it?

Obviously you can hide your bitcoins from the government and continue to live like that forever which is a fair option but at the same time there won't be many that will do it, I would probably hide it from the government and continue but 50%+ of the people who use crypto right now won't do it. Hence, I think banning is technically not possible but still could hurt the market if any country goes for it.

[STT]

tulipmania which is just a hype

It did contain the tulips which remain to this day and if planted will flower for decades meaning they are quite impressive plants.   The reason some are so sceptical on Bitcoin is they barely accept technology as having a worth of its own, as in the usage and products of using technology not the physical circuits.   Bitcoin is not a physical commodity but it is a software based one and its a new category to consider which some reject as being real at all.
  The price appreciation for BTC lasted much longer then tulips, relative to other value the flowers only had so much usage and eventually people chose to distribute the value elsewhere.  BTC will have adjustments but the key point is whether it continues to have a future usage and demand behind its pricing.

[Kong Hey Pakboy]

From my point of view, bitcoin can be banned and can be restrict in other countries from making transactions in bitcoin, but they cannot cease bitcoin because it is decentralized, which no one can control and manipulate it. That is why governments in other counteues only bans bitcoin from using it.

[mithun303]

The value of the Bitcoin network is increasing over time. It is value never goes down. It gains power bitcoin never sleeps increases value. It is driven by very general market dynamics. In this digital age, Bitcoin represents the transformation of personal value as an exchange. I think all the people in the world have accept it for financial freedom and sovereignty by providing it.