Re: BTC Ban

Re: BTC Ban

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zulkarnaen

Newbie

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Activity: 5

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

perhaps the reason such as the government banned bitcoin in their country, but it is the reason that really is not favorable for bitcoin users in that country

jorneyflair

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can’t ban people from holding bitcoin.
bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It’s impossible.

What is possible is limiting people depositing fiat onto bitcoin exchanges in their country. They can require lots of ID and proof of the origin of the funds(think what China is doing right now), and basically cause a panic for bitcoiners in that country.

They can also limit your accounts on a centralised exchange, like Coinbase.
So make sure you don’t use that, hold your own private keys!!!

deisik

Legendary

Online

Activity: 1162

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can’t ban people from holding bitcoin.
bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It’s impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn’t threaten any government in any meaningful way. Basically, most of bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

skorupi17

Jr. Member

Offline

Activity: 42

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can’t ban people from holding bitcoin.
bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It’s impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn’t threaten any government in any meaningful way. Basically, most of bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

I wouldn’t say impossible, yes it is difficult but it is not entirely impossible. Some countries require bitcoiners to verify their identity in order to convert BTC to fiat. With this, the government may identify a person who’s currently holding bitcoin saying that they ban bitcoin now. Another, due to the advancement of certain government agencies, they can track transactions using bitcoin and pinpoint the person using its IP Address. So basically, it is not entirely impossible.

deisik

Legendary

Online

Activity: 1162

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can’t ban people from holding bitcoin.
bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It’s impossible

Indeed it is impossible, but it still cuts both ways

While it may be impossible to find out info about people using bitcoin entirely in cyberspace, but only as long as it remains there. Such use doesn’t threaten any government in any meaningful way. Basically, most of bitcoin application today comes down to speculating with it (i.e. trading) or gambling. Whenever you touch real economy in whatever way (i.e. go out into reality), your impose yourself and your identity to the risk of being revealed to the government. In other words, no one cares that you are planning to kill, for example, Pope until you do something which can be actually interpreted toward that (e.g. tell somebody about your plans, thus revealing your intentions)

I wouldn’t say impossible, yes it is difficult but it is not entirely impossible. Some countries require bitcoiners to verify their identity in order to convert BTC to fiat. With this, the government may identify a person who’s currently holding bitcoin saying that they ban bitcoin now. Another, due to the advancement of certain government agencies, they can track transactions using bitcoin and pinpoint the person using its IP Address. So basically, it is not entirely impossible

I would like to hear more about these “certain government agencies” (and their methods of revealing one’s identity)

And how they are going to pinpoint a person (his IP address) by tracking his bitcoin transactions, more specifically. You should understand that it is not enough to claim something, you have to provide some evidence actually substantiating your point. Apart from that, I don’t think that anyone is particularly interested in vague rationale about such a possibility. Indeed, if someone reveals himself all his personal info at every corner, it won’t be difficult to track him down. But you don’t need to be a government agency to do that, obviously

Yuuto

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can’t ban people from holding bitcoin.
bitcoin can literally be held without any proof, People are able to literally store their private key in their brain by memory(although, this is really a bad idea if you are thinking of doing it), use a salted brainwallet, or even engrave it in some secret code that nobody knows about on metal.

So tell me, how are governments going to find out about these people owning bitcoin? It’s impossible.

What is possible is limiting people depositing fiat onto bitcoin exchanges in their country. They can require lots of ID and proof of the origin of the funds(think what China is doing right now), and basically cause a panic for bitcoiners in that country.

They can also limit your accounts on a centralised exchange, like Coinbase.
So make sure you don’t use that, hold your own private keys!!!

Well, I would say that I agree with you in almost every point, but the thing is that if bitcoin will be banned totally, you still can store it somehow: but how would you cash them without using bank account/bank system?
Only for cash, and that is also risky, because you dont know if the buyer isn’t the police.

Another important aspect is that the bitcoin price would fall pretty hard in case of BTC getting forbidden all over the world, so that would be another reason to leave the bitcoin alone.

deisik

Legendary

Online

Activity: 1162

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

Any country on the verge of a conflict with China, would be wise to dump BTC as soon as possible.
Blocking BTC Transactions is an ability their 68% gives them

Right after Trump had been elected as a new president of the US we discussed this issue

I basically claimed that the Chinese miners could potentially retaliate on the bitcoin users from the US by deliberately blocking all their transactions (i.e. not including such transactions in the blocks they found) if Donald was really going to fuck up with China. The consensus had it that it would be impossible to do, and I remember you posting there too (though I may be mistaken). What changed since then?

Quietman

Newbie

Online

Activity: 22

reason to ban the bitcoin probably mostly related to politics. state may not want to accept bitcoin for bitcoin does not provide a clear advantage for the country. besides, bitcoin is able to compete with the bank which is a state trust.

Probably, well that is for politics-oriented countries,mostly. When a country’s government is politics-minded, they might ban bitcoin because of personal interest. However, if a country’s government is concerned about the country’s change and growth, they will utilize bitcoin into their advantage.

Ayers

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

government can ban bitcoin because they thing bitcoin is making people avoiding tax, or making people use it for deepweeb cp, like in russi, or anyother illegal things, but no government really banned bitcoin for now, ah well maybe bangladesh, but they can’t ban peopel that use bitcoin, when they ban bitcoin they say, that if you use bitcoin they put you in jail, this scare people and make bitcoin less usable in that country

(Why?)

Published at Sat, 08 Apr 2017 16:06:47 +0000

[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]Media at Glen Park Library day after Silk Road arrest
17 of these photos are available at

www.demotix.com/news/2857114/dread-pirate-robert-arrested…

And 6 at Corbis including

www.corbisimages.com/stock-photo/rights-managed/42-519452…

He was arrested October 1, 2013

www.theverge.com/2013/10/2/4794780/fbi-seizes-underground…

(has links to the criminal complaints which I used to find most of the places to photograph and a video interview of Ross Ulbricht )

www.theverge.com/2013/10/3/4798336/silk-road-owner-charge…

www.latimes.com/business/la-fi-silk-road-bitcoin-20131003…

Apparently one of his roommates on 15th st

www.theverge.com/2013/10/3/4798666/purported-roommate-of-…

www.npr.org/blogs/alltechconsidered/2013/10/03/228579712/…

www.eff.org/deeplinks/2013/10/silk-road-case-dont-blame-t…

www.washingtonpost.com/blogs/the-switch/wp/2013/10/02/how…

www.washingtonpost.com/blogs/the-switch/wp/2013/10/03/eve…

#GlenParkLibrary #RossUlbricht #DreadPirateRobert #sfpl #sanfrancisco #cybercrime #DarkWeb #darkinternet #SilkRoadwebsite #GlenPark #Library

By Steve Rhodes on 2013-10-02 16:10:59

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