Post
Topic
Board Economics
Re: Government & Bitcoin
by
BillyBobZorton
on 19/06/2015, 12:33:40 UTC
Banning it will not stop anything actually, it will just force BTC to step into underground pace. The same thing with drugs and stuff, it is illegal in most countries but that dont stop people from using or distributing it. Although this would means that BTC will be acknowledge at something similar of "criminal related stuff" or so

So, we can say the bitcoin will be so hard to developed to be adopted in the country as I told before. If bitcoin is be banned by government, the shop online is too.

Corrected some parts of it, if you mean that chances for BTC to be adopted gonna be lower then yes

To be honest that a fault from the BTC user. Media play a role in reporting a case which unfortunately the case is about someone using BTC to purchase some illegal things i.e silkroad. Its not the media that ruin BTC but it is the BTC user that ruin it, most people will now see BTC as a criminal related stuff due to all this negative publicity

I think media seems like to exaggerated crime news related bitcoin. I don't know whether it just my feeling or it's an action of some parties behind it that don't like bitcoin.

Actually there are no evidence about this yet . Some government banned BTC but also some support it , so It is pretty unclear if the negative publicity for BTC was given by the government to surpressed BTC however some government has no rights to control the media in their country though.

Also that a crime related news seems to be getting more attention from the people so that could be another reason on why media keep on exposing BTC with the bad news .

Mainstream media keeps spreading fud to Bitcoin so when people get in a critical situation like the Greeks are right now, they fear to put their money into Bitcoins and instead either leave them inside the bank and get them stolen by the gov, or leave them inside their houses in form of fiat or gold and get them stoled by other desperate Greek people and opportunistic vandals.