Bitcoin ban, mission impossible

[Desmong]

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.

Bitcoin is really a mission impossible cause no one even the government can not stop Bitcoin from moving or doing it thing. For many years now Bitcoin had been struggling to get freedom that had been uphold by the antagonist government and individuals that are ready to jeopardize Bitcoin activities. No one can stop Bitcoin although it can be banned temporarily but not permanent.

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[Gyfts]

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.

This really could not be more wrong.

On surface level, yes, the government can't technically stop you from buying Bitcoin. But who controls the internet? The government. Who gives you internet access? Private corporations that operate within the purview of the government. The government has the power to completely limit Bitcoin by either regulating it into the ground, or taxing it insane rates to the point it doesn't make sense to trade with it. Right now, the countries that ban Bitcoin aren't established enough to have a large effect on the markets, but if China, US, EU were to try and ban it, you can bet they'd have a massive effect.

[sherenikaw]

The development of bitcoin that is increasingly widespread today makes bitcoin widely known. many countries have accepted it but it is true that there are some countries that prohibit it. I think it's natural that each country has its own policy to accept or prohibit crypto. It doesn't mean that bitcoin's mission has failed because there are also many countries that accept crypto, so the development of bitcoin is also getting better besides the banning of bitcoin in several countries recently. I hope bitcoin will continue to grow and be reliable in the future.

[Hypnosis00]

Not everyone or every country will agree with Bitcoin.
Although Bitcoin is still banned in many countries, it doesn't mean that it can stop the involvement of the citizens of the country to own, invest, or trade Bitcoin.

That is what happen before, in China, their people run mining illegally, and people will find a way to continue their living no matter how strict is the government to them. The same scenario we found in the other countries.

It is because Bitcoin is decentralized and everyone can use it not based on the rules and regulations of a country. But of course, it may have limitations, moreover when it comes to cashing out Bitcoin into fiat.
I only expect really that many more countries at least will not ban Bitcoin again and accept many more adoption of cryptocurrency

Definitely, there is a time for them to realize that they are wrong, we'll keep waiting for that. Because at this moment, they are still living in the doubts knowing nothing for Bitcoin but just a huge barrier of their economic growth I'd never think it was, instead, this could help the people become more productive.

[Boov]

The uniqueness of bitcoin can't be a hindrance of success,  that's why many people trusted this asset even if volatility exist. Though many time bitcoin fought for several challenges specially these days that it's started to recover from previous fall. We need to be more decisive on every decision we had, don't waste every opportunity that's given for us. Banning wouldn't be appropriate for a country  that has been stabilized using cryptocurrency for their people.

[Shasha80]

today bitcoin is facing many challenges from various countries who balk at the ban on bitcoin in the country, for example, the Chinese government strictly prohibits the circulation of bitcoin both by its people and its government, but we should admit that your money will not be able to be done by any government. Even so, they can only prohibit their people from using bitcoins but not by banning bitcoins

This is what makes Bitcoin interesting, even though we live in a country that rejects Bitcoin and prohibits the use of Bitcoin. But the fact is we can still
have Bitcoin and use it, there are many ways that we can use, in order to have Bitcoin. It is impossible for a country as big as China to stop its citizen
from owning Bitcoin, meaning Bitcoin is impossible to stop. The development of Bitcoin is very rapid, although there are still many countries that
reject Bitcoin. I believe eventually all countries will accept Bitcoin, they will realize that there is no point in rejecting Bitcoin. Because there will be
many benefits that are obtained by countries accepting Bitcoin.

[nurilham]

If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

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

I agree with you. To deposit and withdraw our Bitcoin on exchanges, we need fiats and bank services. If the government bans it, we will have difficulties in depositing and withdraw on the exchanges. Although we can get Bitcoin from bounties and trade it on exchanges, there should be time to convert Bitcoin to fiats. So, actually, we also need the government to allow Bitcoin investment.

[CaVO32]

If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

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

I agree with you. To deposit and withdraw our Bitcoin on exchanges, we need fiats and bank services. If the government bans it, we will have difficulties in depositing and withdraw on the exchanges. Although we can get Bitcoin from bounties and trade it on exchanges, there should be time to convert Bitcoin to fiats. So, actually, we also need the government to allow Bitcoin investment.

In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.

[wahyu wida]

If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

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

I agree with you. To deposit and withdraw our Bitcoin on exchanges, we need fiats and bank services. If the government bans it, we will have difficulties in depositing and withdraw on the exchanges. Although we can get Bitcoin from bounties and trade it on exchanges, there should be time to convert Bitcoin to fiats. So, actually, we also need the government to allow Bitcoin investment.

In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.

In fact, the government is the holder of an important role in the case of bitcoin, where any rules issued by the government must be carried out. bitcoin is currently able to develop because the government does not prohibit it from being traded, so the main bitcoin function has not been achieved, but its development is very rapid in the world of investment and trade

[blue_nexus15]

Ithink btc no longer need full government support. If btc is illegal, this does not prevent someone from buying it. Decentralized system will protect them. The US government will not legalize btc because their paper dollar is the reference value of money in the world. Legalizing btc i think will destroy their paper dollars.

But in my opinion, the US is still a country that is friendly to using bitcoin and the proof is that the US country always has the largest number of bitcoin ATMs. Until the regulations are implemented, adjusted and supplemented, it will not be affected by any of their bans. China also doesn't have to ban bitcoin, it just suppresses mining companies because of problems related to electricity and carbon. Bans are only temporary

[famososMuertos]

I think the main thing is to understand that Bitcoin is not intended to break rules or laws but rather to break paradigms, that is why its use as a digital asset is allowed in most countries.

It is there to be used by anyone who wants to have it like anything else that is bought legal and used in legal parameters, there are many other assets that are used to complete payments and avoid paying more taxes or specific fees for purchases or sales. So many things of value are used as payment methods, it has been that way for a long time and will continue.

So there are many "assets" that work outside the banking system (your comment OP) that there is no problem there, the problem is being outside the law.

[so98nn]

Even there is high chance that we could come up with the ideology to transfer the fund without use of internet.
For example, since the blockchain network works with the public space usage (the ledger thing) the data is available through all the years and for the period upto which the data was synched on the wallet. Later what one can do is, synch the transaction by means of Bluetooth connectivity or NFC for that matter. This will temporarily record the transaction on both the devices that is sender and receiver. Once the wallet is connected to internet it can synch up with mega node and confirm it on the network somewhere.

This way, it would impossible to take down the bitcoin. Who knows some programers might just come up with excellent framework like above to keep the bitcoin going on inspite the fact that it gets banned in the near future. 

[gabbie2010]

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.

Bitcoin is really a mission impossible cause no one even the government can not stop Bitcoin from moving or doing it thing. For many years now Bitcoin had been struggling to get freedom that had been uphold by the antagonist government and individuals that are ready to jeopardize Bitcoin activities. No one can stop Bitcoin although it can be banned temporarily but not permanent.

This amount to effort in futility to ban a decentralized virtual currency, anonymous use of Bitcoin even make it more difficult to ban, all previous forms of restrictions, bans, clamp down on exchanges in many cryptos unfriendly countries like China should have weakened or distorted the growth and adoption of Bitcoin, however despite those anti-bitcoin policies, Bitcoin still waxes stronger and gaining wider adoption and becoming more popular thus any form of threat to stop is absolutely an impossible mission that can never be accomplished by any government, bank and individuals.

[blackened515]

 Government banning Bitcoin can't Bitcoin, there citizens still trade Bitcoin through p2p. I know many Government officials invest in bitcoin. Bitcoin is now very popular, and the government have to understand that Bitcoin have a bright future. Is obvious some Government banned Cryptocurrency because they can't control it. Bitcoin offers financial freedom, it has no boundaries. Even without the Government legalizing it, bitcoin will definitely keep growing.

[Oasisman]

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In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.

Yep, governments tends to control everything. They always like to interfere where there are income generating activities or assets. They always feels like everything's deserves to be taxed or regulated.
Now, what they did is to regulate legal crypto exchange and requires KYC before fully using the exchange service.
The essence of anonymity in crypto space has been gradually eradicated.

[lenovop-70]

Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.

[Obito]

Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.

If our government can ban and closely monitor us, bitcoin won't flourish, remember that anyone can see what you do on the Internet if they have the tools to look at it and monitor you and even restrict your activities online. The reason that it doesn't happen is that the people in power don't want to abruptly do it because a revolt can happen and it might be difficult to suppress that.

[bocyaj]

Yes theres nothing can stop Bitcoin, as long we have internet, we have unlimited access to it. Even though it's in a forbidden area to have it, as long as there is internet, it's just useless they issuing ban to it. I think it would be more profitable if the government just legalized Bitcoin (with certain rules) rather than dealing with people that do trade and store Bitcoin as their asset illegally.

From the year of 2017, the banning of bitcoin was in talk. But still now not a possible task. Because all the time, it added up new people in to his trading. Then the number of investors was increased to huge number. In final, it became an impossible task to the government of many countries.

[Sophiya]

Bitcoin is a very good currency to invest in but it is not considered a safe haven because the crypto market is not stable. No one can say for sure when the price will go down. countries that currently ban Bitcoin are trying to control Bitcoin, thereby controlling their local currency But this is impossible as long as the internet exists

[Prestongold]

The country's that are taking advantage of the new technology of blockchain will have advanced development and economic viability in the next few years to come, countries like Venezuela have taken this step already and have accepted bitcoin as a legal tender.