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It won't be effective at destroying bitcoin as an effective currency for illicit activity, but it absolutely would destroy the price, because you'd only be able
by empath75 9y ago
It won't be effective at destroying bitcoin as an effective currency for illicit activity, but it absolutely would destroy the price, because you'd only be able to trade it outside of major exchanges, and without interacting with the american banking system, which would be hard.
- dragonwriter 9y agoThe utility of Bitcoin for illicit activity is very much related to the fact that it can be then used in the legal economy. So, yes, an outright ban on its use and exchange would impact already-unnecessary uses.