I also think a government could make it illegal and if it's a key government or even more than one it will impact the bitcoin market tremendously.
It's not unheard of for a government to do something like this, my understanding is that it was done with gold at some point.
The will use an excuse such as terrorism, money laundering (because it competes with HSBC and similarly too big to fail banks), drugs, or whatnot.
How can they enforce it ? block the protocol ? ban tor too ?
I think it is more likely they'll use any mean available to stop bitcoin from becoming mainstream.
In particular, all the payment processors are a bit iffy with bitcoin, instead of embracing them.
Seems like Paypal, Visa, Mastercard, AMEX, diners and the various banks are to bitcoin what mpaa, riaa, GEMA and what not are to copyright, some sort of MAFIAA imposing their dead business model.
Do you know how many governments have acknowledged bitcoins ?
Is it legally a currency or just some collector's trading of post stamps and things like that?
Comments
I also think a government could make it illegal and if it's a key government or even more than one it will impact the bitcoin market tremendously.
It's not unheard of for a government to do something like this, my understanding is that it was done with gold at some point.
The will use an excuse such as terrorism, money laundering (because it competes with HSBC and similarly too big to fail banks), drugs, or whatnot.
How can they enforce it ? block the protocol ? ban tor too ? I think it is more likely they'll use any mean available to stop bitcoin from becoming mainstream. In particular, all the payment processors are a bit iffy with bitcoin, instead of embracing them.
Seems like Paypal, Visa, Mastercard, AMEX, diners and the various banks are to bitcoin what mpaa, riaa, GEMA and what not are to copyright, some sort of MAFIAA imposing their dead business model.
Do you know how many governments have acknowledged bitcoins ? Is it legally a currency or just some collector's trading of post stamps and things like that?