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It seems to me there is one important reason which isn't mentioned here. Attempting to ban Bitcoin would just confirm the need for its existence, giving it a to
by kkwteh 6y ago
It seems to me there is one important reason which isn't mentioned here. Attempting to ban Bitcoin would just confirm the need for its existence, giving it a ton of credibility and making it all the more compelling. Any ban attempt would simply be counterproductive.
- frankbreetz 6y agoThis is not true. Whether you believe it or not, there are several reasons the government could use to ban bitcoin and say they are protecting the customer. -It's a speculative bubble, that will cause a transfer of wealth from the poor to rich(I.E. Hedge funds will find a way to front run) - It uses a ton of energy, with the climate accords they could get many countries to ban it at once. Why should a few bitcoin holders be allowed to destroy the plant. Whether these arguments hold water or not( I think they both do) They both at least make sense and the majority of people can understand them.
- kkwteh 6y agoIt’s not clear to me how the public would receive these kinds of arguments. The public has little trust in government. I think they would be too skeptical to take these arguments at face value. A ban attempt would come with considerable risk it seems to me.