[dtube] What if the Government Outlaws Cryptocurrencies?
In this video, I'll be discussing what would happen in the hypothetical scenario that the Government shows hostility and tries to outlaw cryptocurrencies like Bitcoin and Ethereum.
DISCLAIMER: This is NOT professional advice. I am just offering my opinion. I am not responsible for any investment decisions that you choose to make.
***I am in the process of adding many of my videos from YouTube on to DTube. Apologies for any posts that you've already seen before!
Original date of upload:June 19th 2017
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No, it's like banning internet. No one can't ban these cryptocurrency because it can come into existence from any place. No boundaries barrier. But a government can stop mining, a government can ban exchanges. A government can stop reading in a country.
Well said
Well done sir
"governments are pussies man" - travon james
Hahahahahahahahahahaha
Btw Indian prime minister made tweet about the potential of blockchain. And since bitcoin is pioneer of blockchain I don't think so it is getting banned in India.
Yeah I saw that earlier, great news!
Hey @louisthomas , almost a decade without any government outlaw cryptocurrencies now. So to me is impossible , because outlawing crypto will affect government too. Without Bitcoin there will not be block chain.
I would like to add a quote here , that may be helpful to bloggers on this platform;
Why You Should Upvote Comments!!!!
I've noticed alot of people doesnt reward their followers, and their commenters on here.
It's a shame.
When someone takes the time to not only read your post but to leave a comment. Even throwing your small vote their way does a lot of great things...
They are More Likely To Follow You
I'm not saying you should upvote every single comment you get. I try and look for those that I feel provide value to the post. When they see that you upvoted their comment and they will be rewarded as a result. This encourages them to follow you; Then you'll have a regular on your post!
You can grow your followers so that they can grow you;
If they choose to keep their Steem in their account, They may power it up. If you continuously are upvoting their great comments, then they will steadily grow overtime. Their vote will be worth even more, and they'll be able to upvote you, The upvotes you gave them helps them grow, so they have more power on the platform.
that is the whole point of decentralizing, it basically becomes impossible, i guess they could make it illegal to own but that is it
It's amazing that you actually put thought into this.
Great video! Thankfully because of the nature of blockchain technologies, they can never be stopped by one government or corporation
But I really doubt that that would ever happen, but in that crazy alternative scenario, that would´ve been God awful
I think the government must allow BTC because it's so much behind it!
Quite impossible for them to do so they cam make it illegal but they cannot deny access to them. Anyway they would damage the economy in a way that no one can truly predict if they successfully band the crypto. Because of that is unlikely they would even try but if they do, they definitely would not look for the interests of its citizens.