Quote from: 1Referee on May 01, 2017, 09:23:05 AM

Quote from: Kemarit on April 30, 2017, 12:06:01 PM

What happened to the anti-bitcoin politician (forgot his name), seems he is very vocal about his stance against bitcoin and went as far as saying is bitcoin is used for Ponzi scheme?

Maybe India's U-turn is another good news for bitcoin users their specially the general public. We all know that their is demonetization in India right now and I don't know when the government will end it, so adopting bitcoin will be a good alternative as a store of value for our Indian enthusiast.
It's truly amazing how bitcoin is changing the financial landscape of a lot of nation globally. And maybe this is another step for bitcoin to be truly recognizes around the world.

I wouldn't take this too seriously. In a mild form, this is basically going to be the same as what has been happening in Russia. One day Bitcoin is great and everything, where in the next month or two they plan to heavily restrict Bitcoin. People will use Bitcoin regardless of what regulations are being put in place. Bitcoin's decentralized nature allows people to operate and transact outside the banking and governmental system. I personally don't give a single damn about whatever regulations governments put in place. I am not paying (and not going to do so in the future) tax over my coins. I am not reporting any of my holdings, even though I don't directly need to pay tax, etc. I am the boss over my wealth in Bitcoin - no one can tell me what to do.

No one can do anything not Bitcoin, not their user. Since Bitcoin is anonymous, no government will be able to get the user and present him any claims or claims. Only in case of legalization in my opinion all this bravado benefits will end.