If governments block Bitcoin, does Bitcoin have no value?

[imstillthebest]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

only bitcoins? but before bitcoins there are paypal and others and they are also invovled in massive frauds but did the governments block them , no but all of them still exist until now .
sadly many governments in many countries still blocked btc and it does have a negative effect to the btc price , price fell down .
btc will only have no value when all country or government do the same

[1714865205]

1714865205

[1714865205]

1714865205

[1714865205]

1714865205

[1714865205]

1714865205

[1714865205]

1714865205

[ILuckyGuyI]

Bitcoin price will never go down to zero just because governments ban it. There is not a system which is working like that for cryptocurrencies. Governments can hope to end this market but the effort will be in vain.

[temple]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

only bitcoins? but before bitcoins there are paypal and others and they are also invovled in massive frauds but did the governments block them , no but all of them still exist until now .
sadly many governments in many countries still blocked btc and it does have a negative effect to the btc price , price fell down .
btc will only have no value when all country or government do the same

Paypal is a whole different story. Look at Jack Ma, if you can pin down a person that controls the entity, let's say the PayPal owner or CEO, you just find reasons and send him to jail, afterwards shut the business down or assign a penalty that literally destroys the company. All these actions you can't take against Bitcoin. In the case of China, interestingly, maybe they could force the mining pools to commit a 51% attack and destroy trust in the network. I don't know in how far China could pin down the majority of the hash power providers. Otherwise governments won't block Bitcoin because they can't really. They can try, but that's it.

[BIT-BENDER]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

The way falsehood is evaporating from you with so much alacrity, actually I didn't expect such Bitcoin savaging post,  after reading the title and then reading the post itself.
Since I don't believe your statistics and I don't have any true source to get those informations I don't even think it's something that can have a true fact.
I would be okay with a discussion on the topic, bitcoin value can be affected my some government, and some aspects of bitcoin that was ban. For instance, Nigeria banned the withdrawal of crypto-currency to local Banks but this didn't affect bitcoin, fast forward, China had a ban on a particular aspect of bitcoin I think mining and this affect Bitcoin value.

[LUCKMCFLY]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

It has been proven that the biggest crimes and money laundering have been done with FIAT money, any financial tool can be used for good or bad, although that 46% percentage is very little credible, it would have to be done with an agency recognized based on a sample of a population that is representative.

The crimes that have occurred the most based on Crypto have been by Ransomware, and the truth is produced by hackers, is what can be highlighted the most, but most cases do not use crypto, in fact the casinos have mostly been protected With the licenses for the proportion of KYC to avoid such problems as money laundering , the statistic of 46% is quite debatable depending on the source. The countries that prohibit BTC instead of doing damage to BTC what they do is increase its demand, the human being always likes to be more irreverent, the things that they prohibit the most are the ones they want to do the most, and when it comes to Money can pass over any government or banking entity, tools are developed to be able to operate, if it is the case of BTC or any Cryptocurrency. In addition, it would be a very unusual decision, because the trend will always be in favor of the alternative deflationary economy, since for many the biggest bubble is the dollar.

[pixie85]

Governments understand the value of bitcoin, and that's why they do it.

Most governments do not and will not ban Bitcoin. Many people see the value and possibilities in Bitcoin like the President of El Salvador or the governor of Texas and other politicians who support Bitcoin.

China was always one of the most authoritarian countries in the world. Do you remember what they were doing in Tibet? How they're threatening Taiwan and Australia and how they were developing new viruses in Wuhan? It's a country that still executes prisoners in public. It's really nothing new that they're opposing every bit of freedom in this world.

[Lanatsa]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

It may affect on the price of Bitcoin but bitcoin runs it's own way after getting some positive news. As bitcoin is Decentralised crypto, government isn't able to block bitcoin transaction. The value of Bitcoin will remain forever because it's the leading of crypto market.

Come to think that if it was totally possible for it to be blocked then government had already done this thing long time ago because they don't really like into something that totally opposes centralization which is on where Bitcoin is really known of.

They can block all they want but they cant completely make it stop and let bitcoin die because as long theres a community who had been using or simply on demand then Bitcoin would continue to live.

Demand is the key plus its technical aspects which is totally decentralized or cant simply be altered nor reverse and which do really make it great.

[Fire Rabbit]

In Bitcoin-based transactions, about 76 billion US dollars of transactions are involved in illegal activities each year, accounting for about 46% of the total Bitcoin transactions. Almost a quarter of bitcoin users, and nearly half of bitcoin transactions, are illegal. Therefore, from a quantitative point of view, the use of Bitcoin is enough to become the target of attention of governments and international criminal police. If governments block Bitcoin, does Bitcoin have no value?

So you mean to tell the world will be free of crime if bitcoin is banned. No never . Illegal activities, scam,
hawala etc all were there even before bitcoin . So there is no point in this. Its true that some are using bitcoin
for illegal transactions and dealings but it doesnt mean that all this happen because of bitcoin.

[FairUser]

Anyway, I don't think this problem will exist, banning the use of BTC is almost impossible, it just reduces the scale of human use.
However, the current situation seems to be going very well as there are already countries accepting and using BTC.

It is next to impossible for any government to ban Bitcoin Transactions as it most de-centralized currency and P2P transactions will continue, there is no way to stop it. However, use of Bitcoin for criminal activities is a Major concern which should be addressed by introducing new Anti Money laundering Legislations.

https://www.blockchainconsultus.io/cryptocurrency-crime-uses-ways-stop/

it's just an excuse to be able to talk about bitcoin, actually I've heard too many FUD issues around bitcoin.
My problem with crypto usage is on the rise , laugh it off in fact I'm still doing it didn't blame it for this.