Bitcoin Forbid In All Country In The World

[MJK]

The great thing about bitcoin is that even if they did 'forbid' it people would still use it. In fact, it would probably gain more value on the black market.

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[b-trading]

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

That's Impossible some Countries just don't give a shit .
Let's take my country for example , they don't care if you Crack programs or download from torrent and make Illegal copies and make a whole store that  them . also no one here hear about "Online shopping" "Paypal" "MasterCard" etc...

That  was just an example , yes some countries may stop Bitcoin like USA,Russia etc ... but most of them wont

Philippines?

what happen with philippines?

[b-trading]

The great thing about bitcoin is that even if they did 'forbid' it people would still use it. In fact, it would probably gain more value on the black market.

it is meaning that bitcoin will survive for a long time from now may be forever

[b-trading]

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

That's Impossible some Countries just don't give a shit .
Let's take my country for example , they don't care if you Crack programs or download from torrent and make Illegal copies and make a whole store that  them . also no one here hear about "Online shopping" "Paypal" "MasterCard" etc...

That  was just an example , yes some countries may stop Bitcoin like USA,Russia etc ... but most of them wont

Which country would that be?

Also, it's Satoshi, not SatoCHi

Algeria (North Africa) (Biggest country on the Africa) & a lot of Oil ! but ... yep not that smart.

are you serious there is no online shop in your country???

No there isnt , sure you  can buy from amazon,ebay but only small stuff because big stuff like ps4 or xbobx etc...sometime get siezed and u should pay big taxes

may be you can take off the opportunity to open an online shop there in your country Algeria

[MadGamer]

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

That's Impossible some Countries just don't give a shit .
Let's take my country for example , they don't care if you Crack programs or download from torrent and make Illegal copies and make a whole store that  them . also no one here hear about "Online shopping" "Paypal" "MasterCard" etc...

That  was just an example , yes some countries may stop Bitcoin like USA,Russia etc ... but most of them wont

Which country would that be?

Also, it's Satoshi, not SatoCHi

Algeria (North Africa) (Biggest country on the Africa) & a lot of Oil ! but ... yep not that smart.

are you serious there is no online shop in your country???

No there isnt , sure you  can buy from amazon,ebay but only small stuff because big stuff like ps4 or xbobx etc...sometime get siezed and u should pay big taxes

may be you can take off the opportunity to open an online shop there in your country Algeria

I was thinking on doing that , but I guess I'am too young for the moment , I only have 17 years old And didn't got my ID yet lol and It's a lot of work to deal with the companies etc .

so I may just wait little bit more .

[Frijj]

Banning it completely isn't really the biggest worry but throttling it with many regulations and taxes etc is.

[b-trading]

i think the most of government who are worry about bitcoin is because bitcoin as a currency which can be disturbing the national currency in all over the world and the solution of bitcoin to adopted legaly is to suppose it as a property and the government in all country can take tax of it

[b-trading]

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

That's Impossible some Countries just don't give a shit .
Let's take my country for example , they don't care if you Crack programs or download from torrent and make Illegal copies and make a whole store that  them . also no one here hear about "Online shopping" "Paypal" "MasterCard" etc...

That  was just an example , yes some countries may stop Bitcoin like USA,Russia etc ... but most of them wont

Which country would that be?

Also, it's Satoshi, not SatoCHi

Algeria (North Africa) (Biggest country on the Africa) & a lot of Oil ! but ... yep not that smart.

are you serious there is no online shop in your country???

No there isnt , sure you  can buy from amazon,ebay but only small stuff because big stuff like ps4 or xbobx etc...sometime get siezed and u should pay big taxes

may be you can take off the opportunity to open an online shop there in your country Algeria

I was thinking on doing that , but I guess I'am too young for the moment , I only have 17 years old And didn't got my ID yet lol and It's a lot of work to deal with the companies etc .

so I may just wait little bit more .

i hope you can do the best thing for your success...make n online shop maybe for next 3 or five years and there is a loga "Bitcoin Accepted Here" hehe.......

[TYT]

i think the most of government who are worry about bitcoin is because bitcoin as a currency which can be disturbing the national currency in all over the world and the solution of bitcoin to adopted legaly is to suppose it as a property and the government in all country can take tax of it

It's not usually the governments that issue the currencies but independently owned banks (see the federal reserve). Governments may even like it as it's just another source of revenue for them, though the banks certainly wont and they're usually the people in charge of the governments sadly.

[scarsbergholden]

i'm wondering how if all the countries in this world forbid of using and doing the transaction of bitcoin including buy and sell and convert it to fiat currency in all the country in this world, what will gonna do, is it will be the end of bitcoin or is there any solution if it happen

You need to pretty much strip away a lot of basic rights and liberties in all the countries in order to be able to pass this type of legislation. This might happen in a few countries, but I just can't see this happening everywhere without public backlash.

I think the OP is suggesting that all/most countries were to form some kind of treaty in which they all agreed to "ban" the conversion of bitcoin to or from fiat currency. There have been several major treaties that the majority of the world has signed, however most deal with war and human rights, not economic trade (trade treaties tend to be much smaller in terms of number of countries participating).

To give my opinion on the OP's scenario - I would say that people would use bitcoin as a way to barter with people, they would trade it for various goods and services but would generally not trade it with fiat. It's effective value would probably be significantly less then it is today.

[johnyj]

Many country's corrupted government officials really need bitcoin to hide their stash, they will ban it officially and support large exchanges at mean time;D 

Chinese central bank forbid banks to facilitate bitcoin trading, while chinese bitcoin trading platform still commands the highest volume of all exchanges. How come those millions of yen move in and out of exchanges without the smallest resistance from the banks? Obviously the banks must obey the order of their master: The communist party officials

[Famguyb]

It would still most likely be used illegally.

[El Emperador]

No, it's impossible because they gotta shut up Internet too and this is unrealistic.
Don't worry 

[bornil267645]

well this is already done here in Bangladesh.

BTC Say yes to Bitcoin BTC

[b-trading]

No, it's impossible because they gotta shut up Internet too and this is unrealistic.
Don't worry 

i think it is the real reason that the bitcoin is never gonna shut down

[johnyj]

The real threat comes from the banks around the world shutting down bitcoin business account, like HSBC did recently. In that case the merchant adoption might accelerate but the exchanges will be phased out, only p2p exchange will remain at a small scale

[Beliathon]

You know, copyright infringement is forbidden in just about every country in the world, and yet there stands the Pirate Bay, proud and thriving.

[MadGamer]

You know, copyright infringement is forbidden in just about every country in the world, and yet there stands the Pirate Bay, proud and thriving.

Yea seriously about the Pirate bay .. why Sweden just don't change their Law and catch them it's not like it's that hard

[countryfree]

i'm wondering how if all the countries in this world...

That can't happen. There's not a single example of all countries in this world having the same opinion on any matter.
In Northeast Africa, there's nothing wrong with marrying a 12-year old girl, but people will throw stones at you if you're a muslim marrying a christian.

[jonald_fyookball]

You know, copyright infringement is forbidden in just about every country in the world, and yet there stands the Pirate Bay, proud and thriving.

not really true. China and Russia have very different copyright laws.