Bitcoin forbidding is impossible – You can not ban open technology

Bitcoin forbidding is impossible - You can not ban open technology

Users on Reddit have recently discussed the possibilities that would lead to the Bitcoin ban. Considering the attention given to Cryptomono Libra and the negative attitude of the US Congress towards the project, many have expressed concern about the possible consequences that would affect the most popular cryptocurrency.

One of the users, ‘MarsWalker69’, opened a thread asking why the US government could use the ban to ban Bitcoin.

The ‘nowitsalllgone’ user explained that, under US law, the ban would violate the first amendment to the US Constitution on freedom of expression.

Criptomones are a method of communication

To begin with, there is a legal precedent that equates to the prohibition of cryptographic communication with a violation of freedom of expression.

Bitcoin is a mathematical language, similar to the languages ​​used in the eyes of the courts. It is more than just an ordinary protocol, because it allows the transfer of values ​​over a network. This particularity transforms it into a financial instrument that gourmets can exploit in the direction of a ban.

In the case of the US, this justification can not be used as well. The compensation received from the transfer of information is also protected by the freedom of expression – one of the five basic freedoms enshrined in the first amendment.

So, no matter how concerned they are in the congress about projects like Libra, they do not have the legal instruments to impose bans. Such a scenario is even less likely for Bitcoin.

The ban on Bitcoin is impossible and counterproductive

The attempts of governments like China and India clearly demonstrate that banning cryptocurrency is impossible and counterproductive. The only thing that such an approach generates is a move to black market transactions.

Even members of the US government, like Congressman Patrick McHenry, understand that a ban would be useless. In an interview with CNBC, McHenry said that The government can not kill the bitcoin.

“Even the Chinese with their firewall and their extreme intervention on their society could not kill Bitcoin. The point is that you can not destroy an open and distributed technology like the one on which BTC is based “


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