What if Government bans Bitcoins?

[dominoes]

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.

[Polisi tidur]

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.

[idranus]

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

[Redhead5]

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.

[Vidaia]

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

[Confero]

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.

[Noni]

need to consider again if the government really prohibits bitcoin because there will be more and more collateral

[salander007]

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.

[dekafee79]

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.

[Vidaia]

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.

[chinito]

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.

[junebride]

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?

[Alter]

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.

[sugarchrisp]

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. 

[Rivaldi Kunkun]

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.