Re: Government & Bitcoin

Bitcoins will be hard for them to stop without shutting down the entire internet. Should a government act against bitcoin, it would drive the price through the roof.

i doubt every governments will ever work together, so this scenario is very unlikely, you will always have at least one government that will not do anything against bitcoin, many have already embraced it, so why, suddenly, they should go against bitcoin without any reason? no-sense....

Yeah theres no reason to against with bitcoin, if they do that maybe they are not already to adopt or to used bitcoin as a payment and currency but shutting down the entire internet is the crazy thing that you thought, Bitcoin is a great help to improve and to grow the economy of the particular country.

Worrying about the goverment shutting down the internet is indeed an absurd thing to worry about. Consider that the whole banking system works under regular internet as well. Credit cards, banks, stocks... it all depends on the internet. Without internet, they kill Bitcoin AND they kill themselves. No one wins.

Hahaha yeah and also the different kind of business such as network company, cable and the online shopping sites. It can also affect their works, it may cause on delaying in payment.

Exactly, it would be the disaster if it happens, but truly believe that government should support bitcoins as the Australian Government has accepted Bitcoins as a currency and it is great step taken by them, other governments should also start following them.