Banning Bitcoin Possible? Programmer explains.

Watch live: ivanontech.com/live

[@neurochubby5028]

You seriously need to make t-shirts that say "What Eeeez Going On Guyz?"- I'd buy one...

[@IvanOnTech]

hhaha!

[@gw4980]

I want the "you will find this channel ienteresting" on the back

[@wildalain]

lmaoo

[@jonathangabler617]

haha love this comment. Could indeed become a classic

[@sachinkapur7569]

Hilarious !

[@daezohn8662]

Ivan, can you do a video about decentralized exchanges as that ties in with this topic nicely?

[@taiping194]

Ivan -- why can't we pay with crypto for your Acadamy crypto course? Seems weird.

[@affroggy]

Stephen Taylor true! this could be the first thing I actually buy with my cryptos

[@GonatanGaming]

Ivan! Can you please do a deep dive about what is inside a transaction? Thank you!

[@richv6842]

Good info and good job on the new lighting. Definitely a lot more pleasing to the eye.

[@vizeet]

Interesting...I really enjoy your videos.

[@prochay]

This is very informative. Thanks Ivan!

[@multicointrade7965]

A video about broadcasting a BTC 101 would be great! Would you spell b to us all the steps from cero to finish in which, for example I find a printed bitcoin with the public and private key. How do we, amateurs, load that bitcoin into the blockchain or network? How do we use it?

[@ryantyre1]

Thanks for the explantation!

[@kvanw4241]

Great video! Very infotmative! Thank you Ivan!

[@imransabir1022]

super info..thanx

[@WriterusAeternus]

Nice framing, Ivan. I like the lighting and plants. ;)

[@drknockers]

That Crypto money XD

[@CEEJAYYY20]

Yes! Very important topic to cover, thank you

[@adrianbrasoveanu3269]

Why do I get Your Browser does not currently recognize any of the video formats available on this one ....but not on your other videos? Have you changed to some flash-based format?

[@CROGDON]

Please show us Exactly how to write a transaction? im confused how you sign with a private key and send to friend without showing private key. im still brand new to this, THANK YOU for all the info!

[@CROGDON]

just in case

[@kolawolek5047]

Dexter Dumb. I guess it depends on the type of transactions, for instance, if you just want to be accumulating Bitcoin into your wallet, you can be sending your local currency with your address to someone outside your country to help buy and send to your Bitcoin wallet. Confirm the transactions from etherscan or a scanned page of the transactions can be sent to your phone as receipt. In my opinion, govt will have to ban internet first before banning Bitcoin could be possible. Don't forget VPS can also be used.

[@rand5]

Dexter Dumb your private key creates the public signature that validates the transaction. It's genius

[@tortlani]

You will need some program (similar to a wallet) to sign and create the transaction with your private key - just that you cannot send it to the blockchain (say, because internet is banned in your country); then you use a third party who has access to the internet/blockchain and send them the transaction in text.

[@dialecticalmonist3405]

Yes, Asuraj is right, you use a computer to create a signature which you can then send along with your message. This could have come from anybody, so you also tell them your public key. The recipient uses his computer to check if this signed message belongs to the owner of the public key. If it does, the transaction goes through and is added to the blockchain. Remember, if the recipient tries to change your message, it will create a different signature, and that signature won't get verified by your public key and therefore won't go through. So the recipient receives your message and cannot alter it in any way. Of course, he can choose to simply ignore it, and then no transaction will take place.

[@vahidara7443]

Thanks for the great explanation!

[@Bamskki]

Love your videos Ivan keep it up

[@DibyaSahu]

hi, i did not understand how are we gonna get a transaction number if we can't transact in the first place since all our wallets are banned. sorry i am just a noob

[@markidaho588]

Thanks Ivan wow channel is really growing good job

[@goryglory729]

This video really helps. Thank you so much

[@bazookasquirrel5014]

Thanks Ivan, love your stuff. As an extension of this, what do you think of decentralised exchanges such as cobinhood?

[@miltonacevedo2173]

Very clear, thanks!

[@pstrzel]

How do you use Bitcoin when the power is out?

[@theresagarcia9081]

Hey Ivan! Thanks for another video!! But how can you actually make the transaction in the country that has banned it? Wouldn't you still need the program to be up and running for it to actually output a transaction id from whatever transaction you made? Sorry, I'm not sure I for my understand that part. Thanks again!!

[@robertdenboer1]

I want to take the acadamy course but credit cards are unusual in my country so i dont have one, is it possible to make a crypto payment method or bank transfer?

[@charlielynne7550]

For the academy, is there a way to pay with Bitcoin or Litecoin?

[@timothywilson9676]

Whats the difference between hash and soles, how do they correlate? How does it relate to a GPU?

[@PureGrowHub]

Hey Ivan, Love your work. Please talk about the technical sides of Verge Please. It's Booming!

[@izharshaikh5067]

If they ban crypto would it not spike up the price of btc in that country ?

[@Dreams-and-Castles]

Thank you for the detailed video, it was really informative. I think there is a difference between banning something and eradicating it. Bitcoin can be banned but not totally eradicated. Many things are banned by governments but still get used by the citizens, it just makes the user of the banned product a criminal.

[@rinnin]

So basically you would need to use a "hot wallet" on your phone (like Bread wallet etc) to Sign the transaction and get the resultant hexadecimal to send via SMS?

[@lewipotter]

Hi Ivan, Love your videos. I'm interested in your course but I'd like to clarify. My interest in the blockchain goes beyond crypto currency. Im interested in it's practical applications in industries such as marketing, politics etc. Will you be dicussing the blockchains use cases beyond crypto? thank you

[@Blabla-vx8qx]

How can you sign a transaction with your private key without actually sending it (ps: I never used a wallet since I only invested a little and keep it on the exchange as long as it isnt too much...so maybe that explains why I dont understand)?

[@PartyRockAdviser]

Great video. Funny image, carrier pigeons or fortune cookies with BitCoin transactions. :)

[@thebestsharing4263]

how to use crypto to buy the Acadamy course or houses? can u make a video showing the complete proses to us ?

[@hamitokia]

Thank you for the education! Now I learned a bit more on the workings of bitcoin. I've heard of the term blockchain 1.0, 2.0 or 3.0. Like Bitcoin is categorized as blockchain 1.0; Ethereum as blockchain 2.0; and newer cryptos as 3.0. How could bitcoin possibly stay relevant with the ever-progressing and advancement of blockchain technology? Won't bitcoin become obsolete so soon that people will just abandon it for other better and more advanced cryptos? Or won't it be met with limitations as much as the dev team is trying to improve it, if the core program is not as "advance" as the newer cryptos? I'm not sure whether if my question make sense or whether I state it correctly...

[@ChIco182182182]

What about banning mining facilities ? (they are currently talking about this here in Korea). Would the difficulty of the network adapt itself ?

[@jasonking1284]

Yes, you can do transactions that can't be stopped, but at the point where your transaction is converted to materialistic form (after all ,what use is currency if you cannot use it for purchasing materialistic items),... that's when you will be identified.

[@firstlast-xn5re]

From a technical perspective, it's impossible (and I mean, really impossible) to completely ban Bitcoin. Heck, even if the entire Internet went down you can still do transactions but you can't broadcast and confirm them yet. However, the real threat isn't from governments banning Bitcoin from a technological perspective, but from a rules/regulations perspective. Imagine if your government announced a regulation that anyone caught doing any Bitcoin transactions will be tried and go to prison for years. This will probably hurt Bitcoin a lot.

[@SPERRFEUER84]

yes but putting people into prison because they use a open currency for legal activities would also mean that you should leave this country as soon as possible. that is one of the signs that you live in a 4th reich style dictatorship

[@Juliana-xv8xq]

SPERRFEUER84 such a genius reply! 😉

[@firstlast-xn5re]

SPERRFEUER84, I agree, but it may very well happen. I doubt that western EU countries will ban it (they may heavily regulate it, but not outright ban it), but the US may do so.

[@pa1pa1]

first last exactly my worry too. Everyone who benefits from the current monetary system will try to oppose the takeover by Bitcoin. And guess what, many of them hold the keys to power at the moment. I am unable to fathom a scenario where majority merchants are accepting Bitcoin and most transactions by volume are also happening in Bitcoin while the government still doesn't have a pro-bitcoin policy. Sooner or later these merchants will find it hard to convert their bircoins into USD in order to pay taxes to the govt.

[@stasyszy]

just use tor/onion routing and trade peer to peer

[@nadar1111]

sorry, I dont get it...how do you get the transaction number to send if you dont have an access to any wallet or network?

[@IvanOnTech]

the only thing you need to do is to use your private key, sign a transaction and email it to someone who can broadcast it to the network :)

[@1steine]

How do I do all that in a text message? I need further explanation to understand (Thank you for a great video, Ivan)

[@05kbdhiraj]

Gr8 .. so how a common man without any technical knowledge can know what codes he has to send???

[@sukeshtedla]

It's obviously possible to block if your banks and ISPs block it. But there is always a way to overcome. If ISPs block then we go to alternative mesh network technology.

[@samyinabenz9669]

Dude you are so awesome thank you for this info 😃👍🏼

[@Cosmopolit90]

Substratum is a very promising technology. However, I do not understand how they will be able to make their network unblockable. How will the network be reached by browsers without going through ISP´s in a classical way? Could you please talk about that?

[@diamFaizan]

You Always Give informative Lessons

[@b0ld6]

I miss this Ivan

[@bhp000]

You called it. Now 3 years later.

[@gordonbothe]

In case governments do try to Ban it. Could you please share a video of how to do this transaction you mentioned. I am not so technical so I didn't quite understand it. It would give a lot of people reassurance.

[@Dino-yp8go]

Good video! Where you from?

[@cryptobrains6782]

ivan can you do a video on the blockstream and are they holding up bitcoin blocksize

[@SilverSurferFTW]

Keep in mind that this only apply with on chain transactions. With off chain methods like LN this does not work

[@juliankercsik5641]

Hey Ivan How you doing? I'm a fan of your channel and certainly learned a lot from you. About this video "Banning Bitcoin Possible? Great topic I was wondering about this a lot and it's great news that there is a way around it assuming the Govt. ban bitcoin or I guess any other cryptocurrency. My question to you if we consider the worst scenario you put forward ie.: all internet access to Bitcoin websites, wallets etc. is blocked: HOW ON EARTH WILL I CREATE A TRANSACTION? I'm a bit lost here could you please explain to just like you would explain it to your 5 years old nephew. Thanks in anticipation. Keep up the good work. Cheers Julian

[@silentlamb7043]

just watching backlog videos... ivan your seriously undervalued... respect friend... make sure you come cruising next year Fam... its btc halfning

[@asmodei]

love ivan

[@rradanov]

hmm no bitcoin payments accepted for the blockchain course? how so?

[@argontam]

Got it. Thanks. Just one question, Ivan, why you are always talking only about Bitcoin? It reminds me CNBC

[@earthprisoner]

Good work Ivan, Looking at the lion,,nice Are you a Leo?

[@sweepy90]

How the death of net neutrality will affect cryptos?

[@ABATHING4P3]

What you think about Salt Ivan?

[@casinodetective]

Gonna go 10 x at least in 2018, dont miss the next moon mission boys

[@wojak8297]

Please explain technically how governments/isp would ban bitcoim traffic, i understand they can block bitcoin port, am i correct?

[@nftreview]

Ban ips, domains, ports

[@armandvanrooyen7946]

I feel like boy at the end of The Last Jedi.

[@ihabahmed1132]

It is a must to store BTC in a cold storage wallet

[@truthandlove1111]

I love your videos! You do great work! I agree, thank the Universe, they cannot put the genie back in the bottle! Yay! !!

[@mahdeeshomoy9336]

can I pay for your course in bitcoin?

[@VirajAlankar]

What if many ISPs start blocking port 8333? How do nodes find each other if they are listening on different ports? Another possibility is ISPs slowing down traffic on 8333 which is probably a worse situation.

[@nftreview]

New software will come out with a dynamic port system. Cat and mouse,

[@eamonshields2754]

Amazing bro keep going

[@giannispagonas4571]

Hi. How come one cannot pay in BTC for the Blockchain Academy course?

[@IvanOnTech]

Hi many people asking this, there was simply no integration for Btc in clickfunnels:/ we are thinking about how we can solve this in the best way

[@emilsamsarov2302]

Splendid as always! Nice performance ,Ivan! There is no way to stop people to talk on their native language.

[@asleepius]

My man, laying it down.

[@pritishmusicful]

Hi Ivan, I hope you are doing good. I want learn Blockchain, but before proceeding further I want to know the prerequisite for learning Blockchain. So could you please guide me on what programming language/technology should I know before I can start learning Blockchain?. I have very less knowledge in Programming please Guide me. Hope you have a good day ahead. Thanks :)

[@swist666]

Yes it is possible to send transactions as a text but this would be very inconvenient and probably 99% of users would not know how to do that. So banning exchanges and even a protocol could have very big impact for the market. Of course it would also makes huge price drop.

[@hdaouihakim]

Thank you for the information, it was really needed because where i live "Algeria" the government is planning to ban cryptocurrencies all together like our neighbour "Morocco".

[@billybirdy9507]

If Substratum can build a distributed internet then firewalls won't work.

[@cheapmath]

There is no option to pay for paypal for the course

[@cheapmath]

I missed out the 89$ because I dont have a credit card. I only have paypal

[@jasdn93bsad992]

If you don't expose your public key, how can the network verify who you are?

[@uink452]

You have to expose your public key to receive transactions but you do NOT expose your private key. I repeat never ever expose your private key!

[@hansenmalau]

Ivan.. Love ur videos, very educational. One thing i wanna ask u though can I contribute subtitles for ur videos? At least for my native language Indonesia. The thing is most of the people here wont have a clue on what u're saying from the lack of English knowledge and the news spreading here are mostly misguided informations. So i wanna help. Lemme know if that's okay for u. Thanx

[@iLLuMNaTi]

You have the best definition of bitcion I have ever heard: 1] A crypto currency. (it uses mathematical algorithms to verify and validate the truth). 2] A computer network. (it resides on many computers that interconnect across the internet). 3] A protocol. (a set of rules in which machines use to communicate to each other). But best of all, you explained how difficult it would be to ban it.

[@cherrlyn381]

Countries will try to take control of it. For instance, if the US, EU, Japan, Korea, Russia, and China all created their own coins (just as they all have their own fiat), they could work together to control exchanges, etc, etc. It would end up being no different, essentially, from what we have now, merely a technology shift.

[@user-lr6vp4du6n]

The problem of resisting Bitcoin is the same/some members of the government will be "corrupt" or clever enough to use that technology for their own benefit , and the wealthy and or benefits of that has no flag , especially in countries with high level of government corruption ( like 100 % ) , so maybe perhaps they can ban for the people of their country but they can't ban that opportunity for themselves ,anyway another point , thanks for you video !

[@NixonRexzile-xz4sq]

banning mining?

[@briojaxen]

I presume that Btc addressing will be come more personal, I.E you will have some kind of Btc address that is memorable. Much like an email address. Or maybe you can email a QR code, and the person at the other end scans it. I mean there are so many ways. I don't think a ban is viable, they will go for regulations first I would have thought. The best thing they could do would be to embrace it, and let it interface with their system. Banning things has never worked.

[@sirflipstar11]

Can one pay in crypto for your course I dont have a credit card

[@feacrew]

Hi Ivan I think you jumped to the extremes too fast. In reality a regime would probably try to filter traffic that contains bitcoin protocol information. But you didn't address how hard that would be, does bitcoin use special ports or how would they identify the traffic? Also would it be easy to hide using Tor, vpn or other tools? Would it be harder to ban other types of crypto such as Monero or Dash?

[@chadmasters3935]

Or like in the US in the past when it was illegal to hold gold, governments could make it illegal to have or use bitcoin or the bitcoin blockchain. Its not blocking the bitcoin network per say, but cracking down on the citizens so the penalty is so steep that it's not worth the risk.

[@lostgleammedia]

Countries in Africa will keep Bitcoin alive, as it is being widely adopted there.

[@Yuri-bt4wl]

Here in Brazil there is a congressman actualy talking about criminalizing Btc.

[@CameronTaylor007]

Everything is criminal in Brazil.

[@samehfarag]

Would you please explain the potential threat of quantum computers on bitcoin?

[@rand5]

your first mistake is assuming quantum computers will ever exist. Scientists can't even prove p != np lol

[@24Rodney57]

If you live in fear you are not living - when they arrive it is a new opportunity

[@davemwangi05]

@sameh farag, I've been worrying about that too. And it seems possible. Find the video on youtube, I don't remember the name. someone cracked some passwords using it.

[@davemwangi05]

@rand, what the hell are you saying? There was a PHD student who presented it as part of his thesis. He cracked a 256 bit key using a quantum computer (it was quite difficult because of decoherence) but he made it with 50% success rate. Find it. :) So it's possible, but it's too complex only universities and organizations such as Google and IBM would make it.

[@rand5]

David Mwangi my honest opinion is if you can crack a 256 key on demand, there is no recovery, Bitcoin dies. There's no upgrade and no new version that will save you (prior public key addresses are already exposed!). I challenge anyone to prove otherwise. If you have names or links please post, thanks.

[@sandro5535]

Bitcoin increased value since you said you were gonna be fearful. I would argue that the FUD was like a week ago. Now its 6k more then it was back then.

[@oDIRECTORo]

Why not take crypto for your accademy?

[@gdargdar91]

Spoiler: No

[@antoniavie]

"Resistance is not an Option" Ivan Liljeqvist (2017 on Governments banning Bitcoin) This needs to be a footnote on Wikipedia and future history books :)

[@alexbertlin]

It's not possible to directly regulate decentralized blockchain applications, true enough. But people and companies can be regulated. They ARE regulated. There is no question about it, they will be regulated regarding crypto as well.

[@MRW2276]

I don't think outright banning would work, but I could see huge spam attacks (constant fake transactions) making the network useless.

[@FlyingFlaneur]

Say the US managed to ban bitcoin, wouldn't that precipitate capital flight? Wouldn't that just put a premium on bitcoin in terms of dollars? Wouldn't that just devalue the dollar?

[@guyfawkes62]

the Chairman of the FCC said removing net neutrality will be good for Bitcoin mining. For whatever that is worth

[@xerxes456]

if they succeed to ban bitcoin it will be a black market which you pay a fee and they help you with the transaction like you describe, we who don't know how to do can buy help, that will always be a black market when the government shut down things that people like.

[@MehmetKoseDev]

I'm pretty sure they can. Just search it how bitcoin discover new peers? This is working like centralized. Which is Governments can block this part.

[@JoseArteaga]

Thank you so much for everything that you do Ivan! Great video! I already thought this was possible. But having you, a real programmer explain it is like a million times better! Blockchain for everyone! Someone please make an Oprah meme. " you get a blockchain! and you get a blockchain! and you and you! Everyone is getting on the Blockchain!!! :)

[@Blackfilmguild]

In the USA they may ban it. It is a threat to centralized government and world banks.

[@johnwildebrand2520]

So what are you programming, programmer?