Post
Topic
Board Bitcoin Discussion
Re: Banning bitcoins is against the law
by
shield132
on 13/08/2019, 17:50:53 UTC
Let's discuss what is the definition of property
a thing or things belonging to someone; possessions collectively.

Taking this into account , We can consider all the assets that we own as our property.

So is the bitcoins .
We haven't earned it doing some shady business and at the same time it's our money that we have invested in it , a money that we have earned .


Now let's talk about the Right to property in India
The right to property was initially present in Indian constitution under part III : Fundamental right , Article 31 but it was abolished by 44 th Amendment Act ,1978. ... Now it is made a constitutional right under Article 300A which states that no person can be deprived of his / her property except by authority of law.

Here the only thing is see is *except by the authority of law*

But this authority of law is being manipulated time and again by various communities , shouldn't they make decisions in accordance to everyone in this country not just some big committee set up by old leaders who doesn't even know a thing about blockchain.

Now we have some Fundemental rights
Right to freedom: It includes freedom of speech and expression, assembly, association or union or cooperatives, movement, and residence. It also includes the right to practice any profession or occupation.

We have the right to practice any profession or occupation.

What we do in Signature campaign , the trading is no easy profession but it earns better than most of the daily jobs.

So aren't they breaching this right too ?
It's guilty to steal for example apple from your neighbor's garden but will anyone sent you in jail for that? Now no one but in past, can't remember, in one country (centuries ago) was even such law for a while. Trading can be considered as a profession but there are a lot of things to trade, some of them are illegal so can't agree with you, if they ban bitcoin, it doesn't mean they are breaching our right because exception in everything. But in overall, can't understand why India made such decision recently, what's the point?