4 ms·

Exactly. Governments will successfully ban Bitcoin, just like they successfully banned piracy. Things like https://thepiratebay.org/search.php?q=category:401

• Joeboy 5y ago
  If this is sarcasm, then I'd point out that link doesn't work here. If it isn't, I'd point out there are still numerous Pirate Bay mirrors I can access. Either way, I wish it were generally easier to discern which comments on this page are intended literally and which are sarcastic.
• missedthecue 5y ago
  You can easily imagine a situation though where the government bans crypto and as a result, Bitcoin crashes irrecoverably and trades for maybe a few hundred dollars a coin at best. Think about it - all of the legitimate institutional money would have to divest, all of the loosely interested Coinbase users would sell because they don't want fines/jail, the only way to buy the coin would be with cash because your bank and credit card would report any BTC purchases to the feds... It would be a much smaller and less liquid market. Bitcoin isn't going away obviously, but that doesn't mean it's worth $50k a coin in the event it's banned.
• kaetemi 5y ago
  Oh, yes, very successfully.