Imagine that after ppl have burnt their fingers using toasters the state decides to ban toasters. A week later online shops have to stop business within 2 weeks. Some online shops may stay in business for an additional month because they've never sold toasters....
Luckily there's Bisq..
Lucky me for living in Switzerland.
I bet in the long run Chinese government will cut their own flesh, IF they really keep up the ban. Ppl WILL find a way around. No government can design the future. Imo cryptos will be the future of payment.
Your analogy is right, but I don't think Chinese government are that kind of naive not thinking about the future. They always want to be ahead with other countries especially US they are competitor . I think they will no do something stupid that will actually ban or remove bitcoin, they know that bitcoin will be the future and I do think that they doing something inside their government so that they can manage it more properly and they can benefit from it 100%. They always think about what are pros and cons and we really don't know what's on their minds.