Quote from: Coinseeker on May 27, 2013, 03:07:28 PM

Quote from: shawshankinmate37927 on May 27, 2013, 02:44:17 PM

Quote from: Coinseeker on May 27, 2013, 02:33:35 PM

Quote from: shawshankinmate37927 on May 27, 2013, 02:07:40 PM

Quote from: Stampbit on May 27, 2013, 01:05:14 AM

You know if its ever made illegal.

How would making it illegal to buy or sell bitcoins prevent it from happening? That approach hasn't worked too well with buying or selling drugs.

Not even a smart comparison. Drugs are addictive. No one has a need for Bitcoins. Add to that, as long as fiat is easier and more practical to use, it will always dominate because people are lazy and will use what is most convenient. Bitcoins are anything but convenient and easy to use.

Yes, drugs are addictive, but if making them illegal made them go away, one wouldn't be able to use them in the first place to become addicted.

The world actually has an enormous need for something like Bitcoin. Especially for those individuals that choose to live below their means and want to protect their savings from bankers and politicians.

"Enormous need"? Maybe. Certainly one opinion but to go back to your original point, it's better said, that making drugs illegal did not make the addiction go away. One who's addicted, will do anything to get it. The law is irrelevant and that's what we've seen. There will never be such addiction to Bitcoin, thus making them illegal would pretty much end Bitcoin, with the exception of minor black market uses, because there are other forms of currency that people could readily use. Why risk jail time when there are legal alternatives, that at present, are easier to use?

To answer the OP question: I'd sell them off as fast as I could, to the highest bidder.

Yes, "enormous need". That will become very apparent as fiat currencies continue to be debased. See this thread for many of the other advantages that Bitcoin has over fiat:

https://bitcointalk.org/index.php?topic=206328.0

Yes, it's also true that making drugs illegal doesn't make drug addiction go away. But, suppose drug addicts were exempt from such laws and politicians decided to actually provide them with free drugs until they were able to kick their habit. Drugs would still be bought by and sold to individuals willing to experiment, wanting to self-medicate, or for recreational use. The point is making something illegal doesn't make it go away, no matter what it is--Bitcoin included.

If bitcoins were made illegal in the US, I would take advantage of the ensuing price dip and convert as much fiat as I could to sound, honest money and then try to escape to a jurisdiction that doesn't outlaw it.