Post
Topic
Board Economics
Re: Maybe governments can stop bitcoin after all
by
Ranly123
on 21/12/2017, 12:14:24 UTC
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

Probably they cant end bitcoin but theyxan regulate it through centralized wallets. Some governments only regulates bitcoin in order to have control over transactions using bitcoin, eventhough they cant fully control bitcoin still they can extract taxes on bitcoin transactions and investment. So in other word government cannot end bitcoin that easily.