Quote from: Casmania on September 04, 2017, 12:56:52 PM

Quote from: pitiflin on August 31, 2017, 07:44:06 PM

Quote from: Gozie51 on August 29, 2017, 05:47:03 AM

It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?

It's quite possible because it's a kind of a loss to the government and the government will do anything In it's power to abandon it from it's people who are using it. And the people who are committing crimes using bitcoin has caused the government a lot of issues and problems. So the government does has a legitimate reason for banning bitcoin.

There are so many reasons why bitcoin could be considered as a threat to the government. One of which is its anonymity and the possibility that it might be used as a "storage" for corrupted money or a way for illegal transactions. The government couldn't also put their hands on bitcoin, it is basically tax free. They couldn't profit nor get any benefit on it.

I dont really think the government will have anything to do with bitcoin, even if they do later, it will be about investing. Some world governments are recognizing bitcoin and are starting to invest into it, because they believe it will help boost their economy.