Post
Topic
Board Bitcoin Discussion
Re: Will governments ban Bitcoin like they did with Gold?
by
milewilda
on 24/06/2021, 20:45:33 UTC
Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).

What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much. Smiley
if based on the agreement of all countries it looks like bitcoin can lose. but if it's only 1 or 2 countries it looks like bitcoin will still win. the most important thing is how the attitude of the countries in the world in responding to bitcoin and the real bitcoin effect.,

Even if 50 countries decide to ban Bitcoin it can still win. It would need almost the entire world to get rid of Bitcoin and even then Bitcoin isn't gone. How are you going to destroy it? The blockchain is out there on millions of computers. Another government could change their mind and boom you can just activate you wallet and there you go. You can't eradicate Bitcoin. You can only try to somehow make it difficult for people to use it, probably you can't even prevent them from getting it when there are decentralized exchanges involved.
Doesnt really need to win as if this thing had never intent to replace fiat on the first place but rather been focusing on the new payment system on where centralization doesnt exist.We know that Bitcoin can never be accepted on every corners in the world but if we do try to look at on how far we had able to reach out then its really hard to ignore that we did really make out some progress which is totally great.They can make out some prohibitions or
bans and we had seen on how Bitcoin did respond on that and on the community which are engage into that.