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I have a couple questions! Please correct me if I’m wrong, but it appears 9 of the largest exchanges are regulated under New York laws. 1. Is there a scenario

I have a couple questions! Please correct me if I’m wrong, but it appears 9 of the largest exchanges are regulated under New York laws. 1. Is there a scenario where to US could now immediately stop almost the entire bitcoin exchange process? 2. If that’s the case, isn’t that entirely against the point of a “decentralized” currency - in that it’s not worth much if you can’t effectively trade it. 3. If 95% of volume is being faked, which according to the histograms is likely, what other discoveries about Bitcoin could be waiting to be revealed?

gpm 8y ago
Bitcoin is resilient against shutting down the exchanges, it just means people start new ones elsewhere. Value isn't (or shouldn't be) stored in exchanges so there is no real damage. I'd be far more concerned with the majority of the mining power being centralized in China if I was invested in bitcoin... that's what can actually shut it down.