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koelen3
Legendary
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 23, 2015, 04:48:52 PM |
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How can govt. block bitcoin It is available anywhere in world, just out of there reach  |
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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February 23, 2015, 04:55:14 PM |
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Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. How can govt. block bitcoin It is available anywhere in world, just out of there reach |
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Beliathon
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February 23, 2015, 06:44:20 PM |
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Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. Because THAT worked out well for them.  |
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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February 23, 2015, 08:17:43 PM |
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That is exactly what I am saying, it didn't work at all, it was a miserable failure, but it caused a lot of damage to society. Don't underestimate the stupidity of politicians. Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. Because THAT worked out well for them. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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February 23, 2015, 08:19:48 PM |
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gov can't block BTC. they sell confiscates BTC ...  |
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Beliathon
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February 23, 2015, 08:22:04 PM |
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That is exactly what I am saying, it didn't work at all, it was a miserable failure, but it caused a lot of damage to society. Don't underestimate the stupidity of politicians. Today's political reality is very different from the one that existed when the war on drugs began. They can't stop bitcoin because it's a political non-starter, at least in western democratic society. |
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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February 23, 2015, 08:32:02 PM |
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I really hope you are right! I really do! That is exactly what I am saying, it didn't work at all, it was a miserable failure, but it caused a lot of damage to society. Don't underestimate the stupidity of politicians. Today's political reality is very different from the one that existed when the war on drugs began. They can't stop bitcoin because it's a political non-starter, at least in western democratic society. |
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Mellnik
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February 23, 2015, 08:56:53 PM |
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They have a typo in there, you write "Bitcoin" with a capital "B" not "b".
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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February 23, 2015, 09:31:48 PM |
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bitcoin = unit of money
Bitcoin = network
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Beliathon
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February 23, 2015, 11:15:29 PM |
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I really hope you are right! I really do! Fortunately for you, I'm always right. |
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leopard2
Legendary
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Activity: 1372
Merit: 1014
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February 23, 2015, 11:35:11 PM |
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Shareholder disclosure: Nevada and Wyoming are two states that allow bearer shares. When corporations first came into existence, their stock certificates were like cash in the sense that whoever was holding them at the moment legally was the owner. However, in order to protect their shareholders against theft of the stock certificates, corporations began to maintain a stock ledger listing the shareholders.http://www.quickmba.com/law/corporation/nevada/YESSS!!! it is only for your protection!! In Europe bearer shares are the norm and reg. shares the exception, but this is changing, for our protection!!! LOL!! Tax evasion is not the reason, at all, because tax is taken at the source (when dividends are claimed); NO, registration of shares is like registration of guns, so "THEY" can seize it anytime they want, to finance big goverment: EURO dead horse riding, illegal wars, and more. Due to the fact that cash is also a bearer instrument, that will not be a reason to ban BTC, methinks. 
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Truth is the new hatespeech.
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neurotypical
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February 23, 2015, 11:42:46 PM |
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Satoshi would have been OK with Bitcoin running as an anarcho capitalist outside-the-system alternative.
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CtrlAltBernanke420
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February 24, 2015, 01:43:25 AM |
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Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. Because THAT worked out well for them. This would be putting the nail in the coffin for .gov the war on drugs didn't work, the war on terrorism isn't scary enough for 'merica anymore, I'm sure they're going to make a very convincing argument that the bush's, romneys, clintons are the answer and hackers are scary menacing people… lol Ooops did I just describe 2 different political parties as the same… |
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koelen3
Legendary
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 24, 2015, 01:50:37 AM |
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Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. How can govt. block bitcoin It is available anywhere in world, just out of there reach That is just not going to go so easy on them , there are some big guys here and we got a lot of our money and it just can't go illegal overnight . It's not just going to be some simple war if that happens |
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traderman (OP)
Legendary
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Activity: 1260
Merit: 1001
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February 24, 2015, 03:12:59 AM |
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Man, I hope you guys are right. What happens if we get decentralized p2p exchanges like Bitsquare that can handle fiat transactions, at that point all regulation will become useless. Let me give you an example, they declare crypto illegal, then they start going after exchanges, miners etc. You know, kinda like the war on drugs. How can govt. block bitcoin It is available anywhere in world, just out of there reach That is just not going to go so easy on them , there are some big guys here and we got a lot of our money and it just can't go illegal overnight . It's not just going to be some simple war if that happens |
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koelen3
Legendary
Offline
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 24, 2015, 03:15:30 AM |
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Man, I hope you guys are right. What happens if we get decentralized p2p exchanges like Bitsquare that can handle fiat transactions, at that point all regulation will become useless.
If you are really thinking about it so much , you shall know , govt. won't do it without a prior notice , you can cash your btc out but as everyone will do the same , that will result in great price drop and maybe system drop too |
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gmaxwell
Staff
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Activity: 4172
Merit: 8419
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February 24, 2015, 03:39:11 AM |
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2011 called, looking for its concern troll-posts back.
Back in 2011 this kind of thing was a reasonable concern. It's much less so today.
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DeathAndTaxes
Donator
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Activity: 1218
Merit: 1079
Gerald Davis
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February 24, 2015, 03:56:29 AM |
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Bitcoin isn't a bearer bond any more than a gold coin, gift card, or tide detergent is a "bearer bond". A bearer bond is payble to the bearer upon presentation to the issuer. Who is the issuer I present my Bitcoins to? What is the agreed upon principal value and interest rate? |
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