Bitcoin ban, mission impossible

[imstillthebest]

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

it can be an obstacle for them because they ban btc but for us that knows btc well , btc is more of a tool to help us in our way rather than an obstacle .

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,

there are people that are not confident with banks or on how fiat money works so they are using bitcoin instead . its not only because of the nature of btc on why some people hates it but even in everything theres alsways be a hater .

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[MoneyJ]

Back in the days where napster was the king in filesharing app, the way peer to peer application did not rely on central point of failure, it flourished and no one can stop it. That is how bitcoin being modeled into . No central authority to refer to, even a brute force attack won't shut it down ... unless the Internet will be shut down indefinitely.

[JerryKin]

The countries that are still finding it hard to accept Bitcoin are not undeveloped rather they have built an economy that can be independent. Such that they do not need a added edge for reliance.

About shorting down bitcoin, it would those countries cost too much. Bitcoin is decentralised it can't be regulated by anyone. It would take shorting down the internet to stop Bitcoin.

[maju69]

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.

Is the government just taking advantage of it? then in the end like China did, after everything was drained out and left without giving any waivers?
I hope the government does not use Bitcoin as a profit opportunity, but as a form of full support from various aspects, not only profit aspects. For example, the aspect of community welfare which has already interacted with Bitcoin. As long as Bitcoin taxation is not a burden on the holders, the government will be welcome.

[Furious 7]

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Cryptocurrency, bitcoin including, still remain new phenomenon for humanity and no one knows how they  proceed. Therefore, "do it on your own risk" is the best advice any one   can get  when asking about whether should he or she be involved into the business with BTC. Yeah,  for many  right now people BTC is like a business  and they make money by speculating its price. I'm not like them. I’m mainly interested in the technicality of Bitcoin. I don't care how long this phenomenon  will last.

There will certainly be many who oppose the state about bitcoin but if you like business in bitcoin then keep going because this is a phenomenon that never knows will be over for sure every year people will know how business in bitcoin will be very profitable even though a lot with full of risk.

If someone asks of course I will answer simply because bitcoin is a currency that will be used in the future and this cryptocurrency will still be used if people still need it.

[Slow death]

Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin.

Russia is a shady country where the government wants to control everything and as far as I know the Russian government is not friendly when it comes to bitcoin, so putting japan on the same side as russia is something you can't do because japan is more Bitcoin friendly to russia

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.

India is not bitcoin friendly, while the US despite having no bitcoin laws they are bitcoin neutral which allows its citizens to buy and sell bitcoin as they please

[jakdanyel]

I agree. It is not possible to prevent Bitcoin for good. And I don't think all of the countries in the world will ban Bitcoin. It is not logical. Bitcoin has been a great use for many countries so far. Some governments even started to make Bitcoin legal tender. In such environment, how can I expect Bitcoin to be banned from everywhere? It is "mission impossible" indeed.

[posi]

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.

Obtaining Bitcoin is not that difficult mate but they are struggling because they are still naive and Bitcoin though they claim they want to support it but deep down they still have some negative feelings towards it.

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

Bitcoin is not an obstacle but not on the government watch because the decentralization part of Bitcoin is seen as a threat to the CBDC they are planning to create and their power as a government.

[adzino]

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.

You are saying people don't buy bitcoin because bitcoin isn't like the "traditional banking system"? If that is the case, then its good they aren't buying bitcoin. Because they know nothing about it and has no clue how cryptocurrencies work. They are dependent on third party institution to handle their assets/finances. I am sure they even if they start investing in bitcoin and gets hacked or loses their coins for some reason, they will end up trash talking about bitcoins.

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.

Yep, as long as you have cash and internet, you can purchase bitcoin. No one can stop you from doing that as long as no one knows you are doing that .

[just_Alice]

The digital nature of Bitcoin doesn’t make it impossible to use it. Transactions P2P, I believe, is even possible in countries with a full ban on Bitcoin, but the problem is: where to get it? They ban exchanges, Tracy your banking account if you’ve linked one to the exchange, and then you face problems and penalties.

Also, you might want to review some of the information you provided here. For instance, you’ve stated that Russia is more advanced in terms of accepting Bitcoin and there’s a possibility to legally sell it, however, while the status of cryptocurrencies there remains legal, the use of them as a payment method is banned.

[verita1]

Thank God that there is freedom, the reason why each of us can decide and choose to invest in bitcoin regardless of whether it is prohibited in our countries.

Bitcoin has come to the people first, from the first moment the Bitcoin whitepaper was released on October 31, 2008 and it marked the beginning of our freedom allowing us to survive with it if we had no money.

Peer-to-Peer or P2P is a powerful resource and we must use it as long as necessary to make it popular so that more people can solve their money problems with bitcoin and the crypto space.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

[Semar Mesem]

everyone must know yesterday that China banned bitcoin miners in their country and the price of bitcoin had dropped but the price of bitcoin could rise again meaning no one can stop bitcoin even though a big country like China,

This proves that decentralization works effectively, no one can control and stop bitcoin, it all depends on the market and the market, besides China being banned from mining the big news after that was the UK banning Binance from operating, and also proved unable to withstand the continued performance of bitcoin and cryptocurrencies continues skyrocket.

[Viscore]

Many countries around the world have risen up to ban Bitcoin, even though those countries have declared Bitcoin illegal, but it is not at all possible to ban its use from the people of those countries. So It is not possible to destroy Bitcoin at all.

Banning bitcoin is already common to such countries who have taken strict restrictions for bitcoin just like India and US but it will only end there. Destroying bitcoin will never be possible as long as there are still citizens who are still investing and utilizing bitcoin and continue to access it despite of the government's strong opposition.

And now that even progressive countries are already planning to adopt bitcoin, so it will be too hard already to destruct it. Buying and selling bitcoin will never stop since more and more people have discovered the potentials of bitcoin and how it will be very beneficial to improve one's economy.

[GeorgeJohn]

In actual sense cryptocurrency and especially bitcoin can't be ban because the documents of cryptocurrency has not been released to anyone or anybody, secondly it's impossible for bitcoin to be ban because it doesn't base on one country, a country can only restrict the uses or transaction's with cryptocurrency but they can't ban it due to it's a decentralized currency and it's does not  been manage by a specific country president rather been a social media that can be monitor or control by set of individuals or people, from my perception cryptocurrency is a universal currency that will last forever and it can't be ban.

[Momotajul]

The way Bitcoin is moving forward, it is clear that in a short time it will be acceptable to everyone in the world.  Digital coins are becoming popular in almost all countries
Those who oppose Bitcoin will never succeed. Rather, those countries will fall behind. Therefore, all countries should move forward, allowing the digital coin Bitcoin to be used on an urgent basis.
As a result definitely i called that Bitcoin ban,mission Impossible.  

[ven7net]

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.

On the one hand, everything is as you say, and Bitcoin is probably difficult to stop and many countries would like to use it, but there is another side that raises a number of questions that are not answered. For example, who created Bitcoin and why? There are no answers to explain this, there are only guesses and opinions. And what if someone invented Bitcoin, but could not that someone make it so that Bitcoin has the functions of management and even self-liquidation? We are told that the BTC blockchain cannot be changed or disabled, but is it 100% true? The interesting thing is that no one can 100% confirm that this is so, as well as refute it. The thing is that you and I know exactly as much about Bitcoin as they say, but there is a likelihood that we are still not being told a lot about Bitcoin, and this can be a big surprise at any time. Perhaps it is from such questions that many countries do not rush to accept Bitcoin.

[agg2702]

One of the major advantages of Bitcoin is that the whole process of buying and selling bitcoin is anonymous. No one can trace you.  If you still have problems you can use VPN. And that's why the government can't completely ban Bitcoin. Therefore, the governments of all countries should take the benefits of Bitcoin without considering Bitcoin as a threat to their economy.

the fact is the economy is not that simple, we can say that because we only benefit if bitcoin is adopted worldwide and experiences a sizable increase and we will automatically benefit from it.
but if we talk about aspects of government they have other thoughts with the nature of greed and aspects of domination so they want to directly at least be able to control what their people have to add to the country's profits, and when talking about bitcoin this can't be done because of its very nature. The anonymous system in bitcoin also does not support being controlled by the government so that they require them to think further in doing so so that the ban in their opinion is a solution because sooner or later bitcoin will continue to grow and threaten their economy.

[ene1980]

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Governments have to accept bitcoin one way or the other. They may either legalize it and put taxes on it or they may make it illegal's but people will still keep on using it.

The smart move by any government is to allow business to flourish rather than stopping them. All they need to do is make a legal framework, it might take 5 more years, no problem with the delay in making a framework of the law about the cryptocurrency market, but make sure that they will not come up with an outright ban because their brain is not allowing to create a framework for a decentralized currency  .

[Woodie]

The thing about bitcoin also goes side by side with how the digitized(cyber) economy has been regulated and understood by the citizens of that country. If citizens see no threat about things such as crypto no one will be alarmed or will require the protection of the government as protecting its people is one of its responsibilities.
Btw banning bitcoin is a difficult journey as it's not in a physical form that can be locked out of sight to prevent people from using it, the best the government can do is give pros and cons of the digital economy of cryptocurrencies.

[Cafex]

I think that there is no way all governments are banning cryptocurrencies. They can't take the risk of facing many people who will be against this decision. People like to trade cryptocurrencies and use them where available. And as people continue to use cryptocurrencies, it helps the country financially also actually. Of course, it is like that if there are regulations related to cryptos in that country. Some governments will still keep Bitcoin banned but I think that most of them won't.