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.
of course, even though the government banned bitcoin in their country, but the government will not know is it you're using bitcoin or not, because bitcoin decentralized and anonymous. so actually ban on using bitcoin does not give effect too deep