I pointed that it was just an example. Corps/banks/govs and other powerful structures have tons of money for researches, coders, scientists, etc. So better solutions are yet to come.
You still aren't addressing my points and are missing the plot . It doesn't matter How many researchers or legal firms the banks hire. If they develop something better ... it will be taken and copied like in all open source projects.(Most likely all the copying will be them stealing from our community however.) Who are these banks going to sue when we are discussing code floating around the net ?
Bitcoin can't be banned in every county possible.
Of course it hypothetical could be... I was giving you a worse case scenario to bolster your flimsy argument, because you needed a bit of help.
That's all it needs and bitcoin is almost gone. Black markets
won't last long too.
You don't quite understand technology than ... as there is no way to prevent or stop the black market. Believing this is reflecting a fantastical delusional mindset.
The grey market and blackmarket is growing not shrinking.
What kind of people need it? Cryptopunks, drug dealers, anarchists, and other shady social groups? Normal people use bank cards and thy don't even want to hear about such things as bitcoin.
Ahh ... I see the problem ... you think the business man that sells drugs for himself is the "baddie" but the banker who money launders for the violent kingpin is good. You think the shady anarchist with their non aggression principle are not to be trusted but the states that institutionalize violence and kill innocent civilians in mass at a 90 % rate when they sloppily drop bombs from drones are the good guys. Your ethics are perverse.
They will be running to bitcoin in short order when their criminals that control their state steal their wealth and enact austerity programs, bail ins, bail outs or the coins just suffer from hyperinflation..
You see, it doesn't matter if the US dollar and Euro are strong.... all it takes is one country in the world to have a financial crisis for bitcoin to look wonderful.
Bitcoin is the best performing currency in 2015 by far.... people are going to catch on and than
https://en.wikipedia.org/wiki/Gresham's_law starts to kick in..