What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
Probably if bitcoin was banned all around the world's i and most current user of bitcoin will keep using bitcoin because as far as i know bitcoin can used by anonymously. So i think there is no one knows my personal identity.
You are right people will still be able to use bitcoin and they will never give up if they will not need to convert them to fiat. If there will be everything available with bitcoin they people will use bitcoin directly and the governments will not know that who is using it and who is not using.
and the governments are in the hands of us. The reason is that the success of us is in the use of bitcoin and if it is supposed that if it is banned all over the world the people will come to the roads and will start strikes all over the world as people do not want to lose their wealth which currently is in bitcoin.
Your love of something doesn't make it legal. People love the movie "The Purge" but is it legal to kill people at a certain day every year? No. People love to get a lot of money and some would steal from others just to be rich, but it's still illegal. The government don't care if you love to do something or not. If they think it should be illegal, then it would be declared as illegal. Another example is drugs. Tons of people love to get high but then again marijuana is still illegal.