Bitcoin ban, mission impossible

[Alikhaki123]

Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.

In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.

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[livingfree]

Those countries sees the importance of bitcoin because it has grown big already. While for those countries that has been open to bitcoin for years, they've already seen the potential that it has a disruptive technology and its adoption is inevitable.

The latter countries, they never go wrong with that expectation and so for those countries that still doesn't have a firm stand towards bitcoin. It is okay, they'll lift those bans and will announce that they'll be opening policies to regulate bitcoin so that their citizens are protected from the possible scams and as well as audit most of the bitcoin holders in their jurisdiction upon selling.

[Kemarit]

Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

Just for the record though, it was created to be a used as micro-payment scheme.

Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.

Doesnt't matter if US or India will not defined it as official or legal tender, because I don't think they will. Why it is that we need countries though to make it as legal tender? Bitcoin can thrive in another 10 years.

In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.

Bitcoin has no barrier, if that's what you mean.

[Sweetbtc]

Those countries which already accepted bitcoin are already familar with high potential wnd interest of people towards bitcoin.
Those countries which are working for that like India,Us and other wanted to make some rule. Government want to centralize bitcoin buy ,sell . in this way they will be able to recieve taxes from their rich citizen. And i think its not bad idea

[yhiaali3]

It can be said that Bitcoin represents the force of development and the progress of civilization, so no one can ban or stop it, no matter how hard they try, they will not be able to stop it because this is the logic of history and the power of change, There is in every era a class or group of veterans who cling to the past who defended the old order and tried to stand in the face of development, but they always failed, this time they will also fail and Bitcoin will be able to follow its path to take its natural place in the era of development and technology. Many countries and institutions stood in the face of Bitcoin at the beginning, but they discovered their mistake and returned to adopt Bitcoin, as will the rest of the countries that still reject Bitcoin. Bitcoin is the future and everyone should realize that.

[wajik-tempe]

It can be said that Bitcoin represents the force of development and the progress of civilization, so no one can ban or stop it, no matter how hard they try, they will not be able to stop it because this is the logic of history and the power of change, There is in every era a class or group of veterans who cling to the past who defended the old order and tried to stand in the face of development, but they always failed, this time they will also fail and Bitcoin will be able to follow its path to take its natural place in the era of development and technology. Many countries and institutions stood in the face of Bitcoin at the beginning, but they discovered their mistake and returned to adopt Bitcoin, as will the rest of the countries that still reject Bitcoin. Bitcoin is the future and everyone should realize that.

Yes because bitcoin is worldwide and as long as we have the internet, a country can not do anything to prevent their citizens having and doing transaction with bitcoin. Even a country has banned a lot of cryptocurrency sites, the people could still use VPN. The only thing that a country could do is banning local transaction with cryptocurrency in their country but it doesn't matter at all, because the purpose of cryptocurrency is to trade transaction worldwide.

[B-Bit]

It is possible that countries that currently ban Bitcoin are trying to control Bitcoin.
No one can control Bitcoin. No one can ban Bitcoin. Bitcoin will exist with the Internet. However, if Bitcoin is banned in your area, do not trade in that country. You can put your money in your wallet. Waiting to go to a country where the transaction is available, and proceeding with the payment transaction.

[mk4]

It is possible that countries that currently ban Bitcoin are trying to control Bitcoin.

A lot more of them not wanting to lose control over their local fiat currency. If they have half a brain, they would easily know that they can't control Bitcoin; hence why they see that just totally outlawing it is the "easy" solution.

[NathanielParker]

Bitcoin relies on node decentralization. Bitcoin's decentralized software has developed to the point where it cannot be shut down globally. Even if various countries in the world choose to ban Bitcoin, they will find this impossible.
The sad fact remains that the goal of most countries is to regulate something they don’t understand.

[bittraffic]

Whether they ban it or not, Bitcoin will still exist and when there will be money to make, the people will come for the finance and stay for the binance. Bitcoin knows no boundary so it will exist even in a country that bans BTC. Local currency can be traded on binance p2p still and people will buy the p2p if because they know the opportunity with Bitcoin is almost guaranteed.

[witcher_sense]

Bitcoin relies on node decentralization. Bitcoin's decentralized software has developed to the point where it cannot be shut down globally. Even if various countries in the world choose to ban Bitcoin, they will find this impossible.
The sad fact remains that the goal of most countries is to regulate something they don’t understand.

It is true that you can't throw bitcoin out of your country because it exists outside any borders and is evolving way faster than the government takes action trying to stop it via different laws. The problem is that people living in countries, those that don't embrace new technology, don't accept the fact that bitcoin is inevitable are suffering economically, politically, socially, physically, and psychically. If a hostile government, by all means, tries to ban bitcoin usage in their country, it will make people's lives even harder. For example, the government knows that the bitcoin network needs the Internet to convey information about blocks and transactions, and they will ban the private usage of the Internet. Surely, the enforcing of such laws is not an easy task but these measures can slow down the adoption of bitcoin and make it more difficult for people to run their own nodes. Therefore, less decentralization.

[franky1]

countries cannot control most things produced independently.. but they can..
seems confusing.. let me explain


when anything is created away from government there are no laws, no restrictions at first.. so they have to create a law to restrict it first. and then create a amendment/new policy with conditions/licences of allowing use

they do this not by telling the product to stop.. but to tell citizens they are breaking the law for getting involved with the product. to then have a gateway to create a licence/policy of conditions where people can then get involved again if they meet government requirements

it is like alcohol pre 1917.  there really wasnt any regulation on alcohol production. no quality assurance, no age limit. so government had to ban it. to then in 1933 allow its production and sell with new restrictions and regulations

the war on drugs took alot longer. but still involved banning it, to then allow licencing it

a government cant licence something unless they first ban it under their law
without banning it they cant control it or later licence it. as its just open to use by anyone for anyone for any reason without the initial ban

governments will never control the blockchain direct. but they dont have to. they only have to control PEOPLE that use the currency of the blockchain

[tranthidung]

• Crypto Firms Go On A Hiring Spree As Bitcoin And Ether Prices Explode
• The trend is upward even during the dip since mid-May.
• Is it signal of a global mission to ban Bitcoin, cryptocurrency and blockchain industry?

[Rainbow-queen]

There has been no prohibition for more than a decade, and it would be a good ‘wise’government to waste time trying to figure out how. What the government should be thinking about right now is coexistence, integration.

[Kong Hey Pakboy]

The latter countries, they never go wrong with that expectation and so for those countries that still doesn't have a firm stand towards bitcoin. It is okay, they'll lift those bans and will announce that they'll be opening policies to regulate bitcoin so that their citizens are protected from the possible scams and as well as audit most of the bitcoin holders in their jurisdiction upon selling.

Only a matter of time for these countries although not all countries like China, Russia and other superpower nations, they have a strong economy that they don't need reliance towards bitcoin and they're just too paranoid to have something that they can't control be freely used by their citizens.

[Kimberl2020]

The only way to stifle Bitcoin is to make people no longer need it. If no one wants a devaluation-proof, anti-censorship, permissionless, borderless, non-discriminatory, and tradable financial asset, then no one will provide computing power to Bitcoin, and it will naturally die.

But due to well-known reasons, at least in recent decades, we have not seen this day.

[The Cryptovator]

Banning Bitcoin doesn't mean a government would prevent using it. Banning means they aren't allowing it to deal officially. Today or tomorrow most counties will welcome when they will realize Bitcoin technology. Technically it's impossible preventing Bitcoin use. Governments are just worried that they are unable to control it and they never want to give us financial freedom.

But you need fiat to buy Bitcoin, this is part where government could interfere people from buy/sell Bitcoin.

That's the reason why peoples choose black market to trade Bitcoin where it's not allowed.

[bitcub]

Even all governments in the world unite to stop bitcoin, they cannot stop until there are still few miners left.  They can "pause" bitcoin blockchain by ordering to stop the internet connection around the world but once the internet comes back, bitcoin blockchain will continue.

[terrorJR]

each country has their own way and system in the adoption of bitcoin. We cannot prevent government authorities from making certain policies, especially in the prohibition of bitcoin.
but this doesn't always last long.
besides that as long as the internet is running well even though some countries prohibit the circulation of bitcoin the results will still be the same, bitcoin will still be one of the popular currencies.
because even if it is prohibited in a country there will definitely be at least some people who will use different paths so they can access their wallets and I am sure of this

[suryana]

Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.

In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.

They or countries that are still not open to bitcoin, they have not seen an opportunity from the positive side of bitcoin. If only they could understand the many advantages that can be obtained if they are willing to accept bitcoin openly. Unfortunately they still hold fast to physical money as a necessity that is owned by all citizens.