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The governments have not yet fully cracked down, but they have tested the waters with a variety of methods. The fact that they have lost over and over again fur
by speedplane 9y ago
The governments have not yet fully cracked down, but they have tested the waters with a variety of methods. The fact that they have lost over and over again further increases the bitcoin value.
If a government were to really try to shut it down, there would be an immediate drop in crypto-currency value, but if the government was ultimately unsuccessful, the value would rocket up to even higher levels.
Every bitcoin "investor"/gambler makes these tradoffs.
- gozur88 9y agoThey haven't started cracking down until recently because they figured there was a good chance cryptocurrrencies (bitcoin in particular) would collapse on their own or remain an insignificant niche. I think this year for the first time you have large governments which see bitcoin as a bona fide threat. I'm kind of curious to see how this plays out - how far they're willing to go and whether or not, as you say, they're ultimately successful.