Quote from: digodk on December 05, 2017, 02:40:12 PM

Quote from: Taki on December 05, 2017, 01:27:40 PM

That's correct. A country can call itself as democratic one, but we all know that the government is usually follow the interests of the elite and if they will count crypto currencies as something dangerous or not religious (just like some Turkish imam said few days ago) - bitcoin is going to be banned. I think bitcoin can die for a concrete country only, but not for the whole world, no way. There always will be bitcoin welcome country which understands all the advantages of crypto currencies.

Japan, South Korea and Canada are the ones off the top of my head.
I really wish most of these countries would focus on legalize bitcoin rather than regulate it, but I think that's too much to ask.

Maybe Satoshi too should have gone down on bended knee to beg for permission to do something innovative?

You've missed the point completely. Bittorrent was never illegalised because it would have been too embarrassing to governments to be seen as so powerless. Instead, torrent sites hosting copyrighted content were chased. Ineffectively (I just checked, major sites such as isohunt.to and thepiratebay.org are still up).

Meanwhile, intelligent artists are coming up with new business models to fund their careers instead of chasing the (now) failed copyright model. Bitcoin will do to taxes what Bittorrent did to copyright, and there's nothing any government can ultimately do about it (except make themselves even more unpopular during the process).

So sure, maybe select countries will ban Bitcoin or mining. Some won't. And Bitcoin will continue to be mined and transacted from countries in which it's banned, just as it is now in Venezuela where both mining and transacting Bitcoin is illegal.

Quote from: digodk on December 05, 2017, 08:09:29 PM

I do not wish for governments to regulate, as in create laws and taxes and rules for bitcoin. I wish for them to say in an official capacity "That's ok, you can use bitcoin (or altcoins), we're not going after you."

You're still missing the point.

Think about it logically: where are the resources going to come from to actually stop people using Bitcoin and other cryptocurrencies? It's an impossible task, and it's even more difficult than the previous impossible problems governments set out to solve, due to the resources required to attempt effectiveness.

They have little choice but to roll over, cryptocurrency represents a genuine change in the power balance between governments and everyday people.

Quote from: 1Referee on December 05, 2017, 01:13:41 PM

China was the main reason for Bitcoin to be at current levels, and if they would exit the game (they partially did), it would be catastrophic for Bitcoin. Look at how the market has gone up badly after China's partial exit. Countries prohibiting Bitcoin are nothing more than obstacles.

Precisely. If exchange sites being banned in the most totalitarian major economy cannot affect the Bitcoin price, I expect nothing can. There is an effective counter measure for just about any attack government agencies can attempt, and each failed attack will only make Bitcoin, and it's demand, stronger.