Post
Topic
Board Economics
Re: What happens when Bitcoins are illegalized in the whole world?
by
xel
on 17/05/2011, 15:06:47 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


One possibility would be to keep using BitCoin over anon networks transport.

I think our project fits well here - BtcFn (bitcoin-over-freenet and other crypto networks).
http://bitcointalk.org/index.php?topic=7181.0