Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.


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Shill central

Is my Bitcoin illegal?

Hey there, Let's assume that I did some work online and got paid $100 BTC . The guy sent me money directly to my BTC wallet. However, no tax charges were cut in-between the transaction unlike bank transfer. So will my BTC would be considered as illegal? Sorry for the noob question.
submitted by footballisrugby to Bitcoin [link] [comments]

Countries are pushing towards going cashless, that means every street drug dealer will end up using bitcoin. Illegal drug market is valued at $360 billion. Bitcoin's market cap would need to double to handle this.

Think about it, digital dollar is coming, other countries are pushing to get rid of cash too. Some of it is to push to get tax money, other reason is to push negative interest rates, among other reasons. There way more black market transactions that just drugs, but drugs alone is valued at $360 billlion. Bitcoin would need to double to handle that. Meaning price will go up at minimum +100%

I know this isn't the best reason for bitcoin to go up, but the underlying economics of it still hold true.
submitted by dancingbearstonks to Bitcoin [link] [comments]

Is Trading Bitcoin Illegal in India? No, It is Not.

Is Trading Bitcoin Illegal in India? No, It is Not. submitted by theecstaticgirl to CoinDCXOfficial [link] [comments]

What happens when Trump makes Bitcoin Illegal? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Is Russia's proposal for making Bitcoin illegal a big deal?

So I'm sure a lot of you are aware that Russia is proposing a law that makes purchasing Bitcoin illegal, I read the punishment could be 7 years in jail? Seems pretty steep. I have no idea, so could someone more knowledgeable than I explain if this is a big deal? Could they really enforce this? Could other countries do the same? I would assume it would have a profound impact on Bitcoin, but if not could someone explain why?
submitted by HairBones69 to Bitcoin [link] [comments]

Why is bitcoin illegal in Bangladesh?

submitted by Fakewhiteghost to bangladesh [link] [comments]

What would you do if the US government decided to make bitcoin illegal?

Bitcoin doesn't have the stigma of money laundering, do you think they would do a lot of harm if they made bitcoin illegal?
I have thought this myself.
I think that as things get out in the open a lot of people would use bitcoin like a currency just like dollars.
I think that the current system is designed to facilitate tax evasion.
People would just buy and store bitcoin, use it, and just have it be used for small amounts of money laundering (the tax authorities would then charge for the transaction).
The current system is also designed to incentivise the use of bitcoin as a currency, so an increase in the money supply would incentivise the buying of more bitcoin, thus lowering the price of bitcoin itself.
I'm not saying you would go to jail for using bitcoin, just how would the government make bitcoin illegal, so you would need to pay for that to be made illegal, and that would likely cost a lot of money.
submitted by bitcoinGPT2Bot to SubSimulatorGPT2 [link] [comments]

Only one country in Europe has made Bitcoin illegal.

Only one country in Europe has made Bitcoin illegal. submitted by newbuoy to Bitcoin [link] [comments]

I wonder what all these bootlickers are going to do when their local government makes Bitcoin illegal. It is pretty difficult to imagine a scenario in which Bitcoin overtakes fiat without it first being made illegal.

submitted by guyfawkesfp to btc [link] [comments]

Hacker will compensate victims with $1.1 million Bitcoin illegally earned

Hacker will compensate victims with $1.1 million Bitcoin illegally earned submitted by quellaman to InfoSecNews [link] [comments]

Colombia declares Bitcoin illegal

Colombia declares Bitcoin illegal submitted by mr_moore to Bitcoin [link] [comments]

Use of Bitcoin illegal, says govt

Use of Bitcoin illegal, says govt submitted by ziddich to india [link] [comments]

Trading Bitcoin Illegal in Iran, Official Warns

Trading Bitcoin Illegal in Iran, Official Warns submitted by EnayVovin to btc [link] [comments]

05-20 12:44 - 'Only one country in Europe has made Bitcoin illegal.' ( by /u/newbuoy removed from /r/Bitcoin within 0-7min

Only one country in Europe has made Bitcoin illegal.
Go1dfish undelete link
unreddit undelete link
Author: newbuoy
submitted by removalbot to removalbot [link] [comments]

Zambia Cracks Down on Cryptocurrency Businesses After Declaring Bitcoin Illegal Tender

Zambia Cracks Down on Cryptocurrency Businesses After Declaring Bitcoin Illegal Tender submitted by chuozungjie3 to Zambia [link] [comments]

A High Islamic Official Has Declared Bitcoin Illegal

A High Islamic Official Has Declared Bitcoin Illegal submitted by ImMoonlight to CryptoCurrency [link] [comments]

Is Selling Bitcoin Illegal?

Is Selling Bitcoin Illegal? submitted by AmphillisRuth to Bitcoin [link] [comments]

Should We Fear the US Gov't Making Bitcoin Illegal as Currency?

What if US Gov't says: "It is illegal to conduct sales using Bitcoin as a currency." How fucked are today's adopters?
submitted by Nicky_Blade to Bitcoin [link] [comments]

Do Bitcoins illegal in India? Is it true?

I read this news in one of the forums. If it is, then what do you say on bitcoins?
submitted by DavidMike3390 to Bitcoin [link] [comments]

A High Islamic Official Has Declared Bitcoin Illegal

A High Islamic Official Has Declared Bitcoin Illegal submitted by ImMoonlight to Bitcoin [link] [comments]

Will other countries follow Vietnam's decision to make use of Bitcoin illegal? Will such decisions permanently damage Bitcoin's value and growth?

Two part question.
Following SBV's (State Bank of Vietnam) decision to make use of Bitcoin illegal from 2018, will other national banks follow suit? Are we seeing the crumbling banks and government institutions fight back against the monumental growth of Bitcoin?
Can Bitcoin recover from such actions? What's to stop something like this happening in the UK? or France? Or US?
submitted by Fickle_Monster to Bitcoin [link] [comments]

Why governments don't made gold (and other currencies) illegal but there is a fear that they may make Bitcoin illegal?

submitted by tedjonesweb to Bitcoin [link] [comments]

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