Post
Topic
Board Bitcoin Discussion
Re: Indonesian Government Banned Bitcoin
by
Vannie12
on 11/12/2017, 21:29:52 UTC
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what  happen now? bank central of indonesia will ban bitcoin, Fucking stupid  Indonesian government

https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Only countries which have an authoritarian mindset, or whose governments have really screwed up monetary policy, will be afraid of Bitcoin and try to restrict its growth. An open government will see that fintechs using Bitcoin bring efficiency to the system through competition with the legacy systems of existing banks. I expect more governments to act against Bitcoin, but that is not going to slow its growth.

I must agree with you. For each time that a government bans bitcoin and may somehow lower the prices in the market it will only give others a chance to be involved in cryptocurrencies. A specific country is not necessary to claim that bitcoin is growing with its contribution.
Like for example China. They may have the most traders and miners influencing the industry but still bitcoin grew without them.