Post
Topic
Board Economics
What happens when Bitcoins are illegalized in the whole world?
by
simme101
on 17/05/2011, 13:48:04 UTC
Being the extreme realist, if not pessimist, I believe that Bitcoins will be made illegal sooner rather than later. It will obviously be hard to enforce this. However, the fact still remains: it's ILLEGAL. You wont be able to buy or sell your Bitcoins through bank transfers and webpages cannot legally accept payments in Bitcoins.

My thought was that I could buy some Bitcoins today and cash out in the future (hopefully x100 the value  Tongue), but I have no intent in doing anything illegal.

So in one year (or however long time it takes) will I be sitting with a 1000 Bitcoins that have no (legal) value? What are your thoughts? Am I completely wrong here or what?

also, first post!  Grin