Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ambar33n on July 14, 2018, 10:02:54 PM
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
-
Bitcoin is the future. Any government that try to ban bitcoin is not the right leader.
-
How long?I think it is forever that the government will never support the bitcoin.We accept that and I hope we will never stop believing in crypto currency.
-
the government will not forbid because bitcoin has spread all over the world because the economic bitcoin will advance even though there must be bad impact but the government still can not prohibit it.
because bitcoins are getting stronger
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If this will be happened for sure many people was sad and can't continue their dreams in life.Because right now as I can say bitcoin is the only way to male rich.
-
suppose the government bans investment in bitcoin. the government should be able to consider how the fate of the unemployed. like I do not have a job in the real world.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If a government bans Bitcoin, I believe we don't have the voice to stop it. That would be the worst thing to happen. I am thankful enough that my country haven't think about of the ban of Bitcoin. In fact the crypto community in my country has been active and increasing.
-
before the government bans bitcoin. the government must first think about the fate of people who invest in it gan. whether they have a permanent job or not in the real world. to support their daily needs
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
I think many reason why the government bans bitcoin. The government cannot cotroll bitcoin over and also want to keep their currency.
-
it certainly will be a huge blow for many people and for me in general, but it will be difficult to do
-
We know that there are still some government do not accept Bitcoin because of the taxes and revenues.They are scared of it.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Funny to imagine that the world war lll will happen not in actual battle but through computer system. The best among the rest IT will fight each other to let the bitcoin and cryptocurrncy be free again. :)
-
That is the most worst things happen. If the government bans bitcoin due to any valid reasons, like they cannot earn from it or etc. The other coins like bitcoin are also ban. If that's happen many people working on this job will suffer and worries how to find another job as easy as like bitcoins do. We hope that any government will think that this coins helped many people to earn, even working at home.
-
I think it will not happen. Bitcoin helps our society and community in so many ways. Bitcoin makes our life easier. So I think it is impossible.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
I think the government only can bans the bitcoun transaction in their country.
-
The 7 continents are not united as one goal, one advocacy and one history.
This means government could not banned bitcoin worldwide because they are not united.
Don't worry if it will happen I assure you/we are prepared to adjust.
-
the government will never forbid people to work in bitcoin, because the bitcoin work has been in the big countries, I believe the government will support bitcoin work as a very good and official job.
-
I agree with you the government does not prohibit this bitcoin is very important to reduce unemployment that is increasingly more and more, especially in my country
-
I think if the government bans Bitcoins there are many people against with it because they are going to loss some investment that were already growing and put in a cryptocurrency savings wallet. And I think the government will not do this because bitcoin investment will in great helps of economic growth and development of the country.
-
well, if a government bans bitcoin then i think it is ready to employ it unemployed population. To his is because bitcoin provide a source of income for the unemploy population of a country, so to me, it is better for a government to accept bitcoin and not ban it
-
Yes it is possible, and now there are countries that prohibit Bitcoin. And that's what is hampering the development of Bitcoin, as many countries do not accept Bitcoin, because of the decentralized bitcoin properties.
-
need to consider again if the government really prohibits bitcoin because there will be more and more collateral
-
Cryptocurrencies are created precisely to prevent them from being banned. Decentralization of their management and anonymity of wallets. These things will greatly interfere with the cryptocurrency ban.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
because The government cannot control bitcoin over and afraid bitcoun will be used illegal activities.
-
what is it that the government is going to ban, is it the payment I mean the transactions of bitcoin or bitcoin itself? . to me the government can only ban bitcoin transaction but not bitcoin itself. the government has no power over bitcoin and bitcoin has spread far enough for the government to be able to stop it. we are living in the future not the past and we can continue using the old way of doing things, it is high time these people in government accept bitcoin.
-
It is already happining that Bitcoin are being banned in other county but the good news is,there also some countries that has been accepting Bitcoin now.
-
It is already happining that Bitcoin are being banned in other county but the good news is,there also some countries that has been accepting Bitcoin now.
that's true. in india, it is banned... There are Indians who are having a hard time managing their cryptos especially bitcoin.. but I also agree, they can't ban bitcoin, only that they won't allow transactions.
by the way, are you the same chinito as in steemit?
-
Well, in my opinion, the percentage of all governments banning crypto around the world is only few percent. I don't think that all countries ban it. If it happens, I think that the crypto starts for dying. However, we can't also predict about it because cryptos relate to person to person.
-
They can't ban bitcoin, it's just not really possibly logistically. They can make it illegal I guess, but you can't even realistically track people using it unless you can attach a BTC wallet address to a person. Even if you did that successfully, there's no way you could prosecute based on that information alone, since anyone can use your address if you give them your information. There's also no central point BTC uses to base their network around, it's completely decentralized. It's decentralized specifically for this reason, so governments and other hostile entities can't fuck with it. This leaves it open for whales to manipulate the price, but that wont last forever because as more money enters the market it becomes more and more difficult for the price to get manipulated.
-
prohibited or receipt of the bitcoin certainly is a decision that has been taken and it was well thought out. If I reject a bitcoin certainly is a decision that needs to be rethought given bitcoin gives a lot of advantages and ease for now and the future.
-
That is a very bad thing for me. There may still be many in other countries that prohibit the existence of bitcoin for use as a medium of exchange. Because there are still many adverse effects in bitcoin
-
for me the government can only ban bitcoin transactions but not bitcoin itself. the government has no power over bitcoin and bitcoin has spread far enough for the government to stop it. we live in the future not the past and we can continue to use the old ways of doing things.
-
I don't think that all countries forbid it. If that happens, I think Crypto is starting to die. However, we also cannot estimate it because cryptos relate to people to people. Bitcoin has spread widely, even without the blessing of the government. And the government will not be able to ban it.
-
If the government bans bitcoin, bitcoin will be survive bitcoin is not depending on the government and if the government is really seriously want bans bitcoin, they must bans internet too.
-
I'm just looking for a day that every governments in this world will agree on a single decision. It will never happen. It can only be banned in some countries and I think it is already happening. Some other countries see its worth.
-
We had no choice if the government bans Bitcoins but for me it is not enough reason why the government can do this because bitcoin gives benefits to all people who believed the work of bitcoins.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If ever government bans bitcoin then you either have to use VPN so that you can still access your coins or you just have to give up holding those coins and find other ways to make money. Personally, if our government decides to ban it then I would just stop using it because I don't want to violate the law and be penalized for it. Although, this would be less likely to happen in our country because they already give licenses to various companies that wanted to operate cryptocurrency related transactions.
-
it is very difficult the government can block bitcoin in its country, because if it can block the crypto currency the government must have done it long ago
-
Currently there are countries that ban Bitcoin, and in my country also prohibit transactions using Bitcoin, so we are here if we want to use Bitcoin to spend, then we exchange it first with Fiat currency first, but if our country blocks the internet site there there is our digital assets, so we will open it using Vpn from other countries, and we will still be free to play Bitcoin and Cryptocurrency. That doesn't matter to us.
-
if in my opinion there is no reason for the government to ban bitcoin bro. because bitcoin is very useful to help the growth of the world economy
-
Why not? Government can do whatever they want to do, but I think it doesn't kill bitcoin. Just look at the torrent or pirates site, they are banned everywhere, some of the owner even faces prison time. Is it kill them? Nope.
-
I think the government will not block sites related to bitcoin. But it might be blocked if there is a clear reason. So far, I don't think there will be blocking sites linking bitcoin, as long as bitcoin doesn't violate the rules.
-
According to my comprehension it won't be done as long as crypto helps the citizens to create their own money to finance their needs. Government will be thankful to crypto by helping the people to provide their necessity.
-
there 's are some countries ban bitcoins but impossible all governments ban bitcoins coz its a currency and many people accepted this kind of currency this helps the grow of economy's
-
Because of the decentralized nature of btc and even other cryptos, the government has no power over it and I really trust that they can not ban it all over the world.
-
there 's are some countries ban bitcoins but impossible all governments ban bitcoins coz its a currency and many people accepted this kind of currency this helps the grow of economy's
It is true, some countries have already started to receive even making it an instrument for payment. but not a few others still refused to accept. because basically, the value of bitcoin itself is still fickle, making it difficult to determine its value.
-
I don't think, crypto is technology for the future, and I think in the future the government will accept bitcoin technology, maybe it will take a long time, but technology will win.
-
If this ban is made in my country, surely traders from my country will sell it. Some traders will experience a loss because we know that the current coin price is falling. But, I think not all governments in all countries will ban bitcoin, as long as there is no element of crime in bitcoin.
-
That's so bad. but hopefully that doesn't happen. But it also might happen, because now there are many people who are losing money in this matter. especially Projects that are Scam and fail. I hope the government doesn't pay much attention in this matter. on the other hand the Government is also difficult to monitor the development of Bitcoin so far. maybe it's our fortress to stay in the Crypto business.
-
the government will not block sites related to bitcoin. But it may be blocked if there are clear reasons. So far, I don't think there will be a blocking site linking bitcoin,
-
If government ban the use of bitcoin or other from of crypto currency,it will still continue to be existing and trading because BTC is decentralized in nature and not easy to control by andybody.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Actually, in my perception if the internet connection will going to ban as well by the government, bitcoin for sure will not able to used. In some site also will gone like facebook, twitter , google, youtube and etc.
-
bitcoin is closely associated with the internet and social media. It could even be said with the media is bitcoin grow and develop. where is global so that it involves many countries, although one country bans have not definitely applied in other countries. because of this return to the rules and the interests of their respective countries. so bitcoin will still remain alive because is global.
-
I think if the government prohibits bitcoin then the Government must be prepared to provide employment for unemployed people. For him, because bitcoin provides a source of income for the unemployed population of a country, so for me, it is better for the government to accept bitcoin and not forbid it. Because bitcoin can reduce unemployment.
-
Right now some country already banned bitcoin.The government will not take a risk for their people,they still closing their door to bitcoin.In some country blocking sites that related to bitcoin can be happen too although I never heard about it till now.but we can not ignore the possibility that might be come,im pretty sure that one day bitcoin will be accepted globally.
-
I think the government is not too harsh to just cut or ban the use of bitcoins because we all know that it does not only involve one country but almost worldwide and therefore imposing bans on it would cause a lot of trouble for sure.
-
Those who think that no government (except those run by tinpot dictators) would take the extreme step of banning Bitcoin need a lesson in history. There was a time when holding gold bullion was a crime in America, punishable by a sentence of up to ten years in prison. In 1933, American President Franklin D Roosevelt issued an order requiring all Americans to hand over their gold holdings to the Federal Reserve Bank.
-
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
If that is the case the coins in our wallets will either be totally off bounds to us, the coins will just disappear in the vast internet. But i bet some people will still find ways to trade crypto if it is still lucrative.
-
the government will not forbid because bitcoin has spread all over the world because the economic bitcoin will advance even though there must be bad impact but the government still can not prohibit it.
-
the government will not forbid bitcoin in the future it will actually develop it, because at that time many internet and sophisticated tools
-
Even some countries are banning the use of crypto currency i strongly believed the this will still exist because there some countries also that are open in crypto trading most especially for developed countries in which crypto is legalized.
-
We will have difficulties to develop bitcoin and crypto as a whole if government bans bitcoin. Crypto and bitcoin still can continue the existence but surely will be hard without the support from government.
-
the government will not ban the entry of bitcoin, because many benefits, one of which can change a person's life
-
I will look for money to be fair with Bitcoin.
Suppose I am looking for an Exchange like Coibase that is open to FIAT from my country and exchanges it with Western Union or Visa and MasterCard.
The fee is definitely big but it doesn't matter as long as my money goes into my wallet without having to go to the savage government that Banned Bitcoin. LOL
-
There will be no loss of coins in the wallet as long as no private key is known.
The key to sending coins must use a private key and that is the key to all coins, not from the government.
-
That will serious, but I know other techs will come up eventually, the only thing I see there is that many people will be at lost.
-
The government only commented on what happened without having to interfere in this matter.
We know the English Premiere League in Football is not adrift and no government has interfered.
The way it works is almost the same!
-
If government ban Bitcoin and all other crypto currencies than somehow we will have another digital currency and they will exactly the same with Bitcoin because the current fiat is too weak and need to be change
-
Bitcoin is not connected to any region or financial institution. There are dozens of popular exchanges, and even if they don't exist, all you need is a wallet and network connection to be able to do bitcoin transactions. The blockchain built above does not require an institution to operate it, and indeed is the complete antithesis of such an idea, operating as a general ledger rather than a private one. Without a central location to be closed, meaningful crackdown must be a global effort. Even if a country somehow prevents bitcoin transactions from happening within their borders, a simple VPN or proxy system will allow users to operate internationally with little problem. If the government can effectively stop peer to peer networks, they will close illegal practices of torrent sites more than a decade ago. Even the success of torrent sites like the hydra is not a perfect analogy for bitcoin, because the legal status of cryptocurreny is much easier to debate. A fairer comparison is what is called the dark web. Although individual sites, servers and people involved with various activities there can sometimes be arrested for illegal activities, it would be ridiculous if the government could regulate the entire network. Trying to ban bitcoin or set it up in a way that allows true supervision to be much the same. Not possible at the technical level. Even tracking individuals who have a particular wallet is difficult. Although the public blockchain allows the government or law enforcement to track certain bitcoins, binding it to people in the real world is very difficult. The owner can hide his identity with VPN, Tor, or even physically move his wallet in the form of cold storage (offline), making it invisible to the world.
-
Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the government of any major country step in and do the unthinkable ban Bitcoin? If a government decides to make trading or possessing Bitcoins illegal, questions will be raised about how exactly it will enforce such a ban. It is impossible for a government to seize your Bitcoins, unless you decide to handover your private keys. However, the majority of citizens and institutions like to stay on the right side of the law. So the demand for Bitcoin would plummet if the government decided to ban it. All exchanges in that country would also be shuttered and buying/selling Bitcoin would be difficult and risky. This would suffocate Bitcoin in that country and the government’s objectives might be achieved.
-
Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the government of any major country step in and do the unthinkable ban Bitcoin? If a government decides to make trading or possessing Bitcoins illegal, questions will be raised about how exactly it will enforce such a ban. It is impossible for a government to seize your Bitcoins, unless you decide to handover your private keys. However, the majority of citizens and institutions like to stay on the right side of the law. So the demand for Bitcoin would plummet if the government decided to ban it. All exchanges in that country would also be shuttered and buying/selling Bitcoin would be difficult and risky. This would suffocate Bitcoin in that country and the government’s objectives might be achieved.
I hope that if cryptocurrency is threatened, that those in the in the world, including myself, are capable of agreeing on a form of government which is most beneficial to everyone, and that produces the most wealth and economic progress.
-
The impact of bitcoin affects the entire world most specially the countries that accepted and adopted bitcoin with in stable system. There will have new issues that couldn't be resolved. There are new ways to be done just to provide the digital cycle to continue. More possibilities can happen.
-
in my opinion bitcoin will not be blocked by the government, because we know for ourselves that bitcoin is very influential in online payments, and bitcoin is also very good and potentially if developed by the government.