> They would have direct access to chip fabs and money to throw at it. And every time they make chips and attack the network, the users change the POW or move

> They would have direct access to chip fabs and money to throw at it. And every time they make chips and attack the network, the users change the POW or move to a different altcoin. There are even crytocurrencies that don't use A Proof Of Work algorithm, and use something called proof of stake (which means that the current holders of the coin get to vote on what happens.). Hows the government going to stop THAT? Buy up all the votes? And THEN buy up all the new Proof of Stake coins that ever get created? > Or just laws available to stop production (mining is illegal now). What people need to understand that it is no enough to 'just' destroy the current version of bitcoin. The government would need to destroy EVERY version of bitcoin, and EVERY altcoin, all at once, now and forever. And then ever single other NEW crytocurrency that people create. And not only that, but the government would have to do it EVERYWHERE. It is not enough for 'just' china to ban mining. Every country in the world would have to ban it, because if there is a single country that doesn't ban it, or is ineffective, then everyone would just trust THAT altcoin. The government can't even stop online piracy. Hows it going to convince every government, all around the world, to stop something that most people believe is perfectly OK? Like, fine, if the world governments somehow convince 90% of the population that Crytocurrencies are somehow as bad as child porn, then MAYBE they have a slim hope of stopping them. But I Think that this goal is extremely unlikely to be successful.