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?
If bitcoin were somehow declared illegal by every government on the entire planet then bitcoin would go underground. Anonymous social networks would become more robust and dark market places would become relevant....More work would be put into the disruptive technologies and innovations would happen more frequently. That's why it will never happen....the planets best bet is to embrace the technology not condemn it.
I also think that bitcoin will not be forbidden. The system is protected from this. He'll just go into the shadows. Nobody will say openly that he uses cryptocurrency