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Author Topic: What if Government bans Bitcoins?  (Read 6065 times)

Offline expander

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Re: What if Government bans Bitcoins?
« Reply #30 on: August 11, 2018, 09:57:42 AM »
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

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Re: What if Government bans Bitcoins?
« Reply #30 on: August 11, 2018, 09:57:42 AM »

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Offline Moykoy

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Re: What if Government bans Bitcoins?
« Reply #31 on: August 11, 2018, 04:12:03 PM »
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.

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Offline Dodo

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Re: What if Government bans Bitcoins?
« Reply #32 on: August 11, 2018, 04:22:05 PM »
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.
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Re: What if Government bans Bitcoins?
« Reply #33 on: August 11, 2018, 07:50:08 PM »
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.

Offline Nanagyasi

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Re: What if Government bans Bitcoins?
« Reply #34 on: August 11, 2018, 11:11:27 PM »
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.

Offline eldial

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Re: What if Government bans Bitcoins?
« Reply #35 on: August 12, 2018, 04:27:17 AM »
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.
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Offline bityndye

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Re: What if Government bans Bitcoins?
« Reply #36 on: August 12, 2018, 05:52:07 AM »
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.

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Re: What if Government bans Bitcoins?
« Reply #36 on: August 12, 2018, 05:52:07 AM »


Offline Abdee

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Re: What if Government bans Bitcoins?
« Reply #37 on: August 12, 2018, 08:29:15 AM »
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

Offline Lanirex

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Re: What if Government bans Bitcoins?
« Reply #38 on: August 12, 2018, 08:52:23 AM »
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.

Offline Naswaty10

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Re: What if Government bans Bitcoins?
« Reply #39 on: August 12, 2018, 09:19:52 AM »
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

Offline sibolis

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Re: What if Government bans Bitcoins?
« Reply #40 on: August 12, 2018, 11:34:49 AM »
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.

Offline bitpation

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Re: What if Government bans Bitcoins?
« Reply #41 on: August 13, 2018, 10:08:20 AM »
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.

Offline Jaguar

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Re: What if Government bans Bitcoins?
« Reply #42 on: August 13, 2018, 01:43:10 PM »
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.

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Re: What if Government bans Bitcoins?
« Reply #43 on: August 14, 2018, 12:56:08 AM »
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
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Re: What if Government bans Bitcoins?
« Reply #44 on: August 14, 2018, 01:38:03 AM »
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.
   

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