3 ms·
Sure you can. Banning doesn't mean eradicating. Making it illegal or taxed heavily would push it underground and tank adoptions. People will still be able to
by jayd16 6y ago
Sure you can. Banning doesn't mean eradicating. Making it illegal or taxed heavily would push it underground and tank adoptions. People will still be able to break the law and use it, but no businesses will invest.
In fact its extremely easy to go after users seeing as its a public ledger and all that. You can claim some laundering schemes will protect users but any significant movement of money will be trackable unless your opsec is perfect.
- rawtxapp 6y ago> Making it illegal or taxed heavily would push it underground and tank adoptions. I agree with you! It wouldn't stop it though, just like prohibition didn't stop alcohol consumption. If anything, it would make the system more resilient over time. Besides, the governments would want to retain some control through exchanges, rather than lose all control and possible tax benefits, etc.
- JumpCrisscross 6y ago> Banning doesn't mean eradicating Eradicating Bitcoin wouldn’t be that hard. Publicly committing to repeatedly launching 51% attacks is well within the budget of many governments. It would singularly destroy the currency without even requiring criminal statute. Hell, I think the President could do it without permission from Congress. But why? Why do that? Bitcoin threatens nobody. It underwrites a lot of wealth. And voters don’t care about it.