Quote from: dothebeats on January 13, 2018, 04:54:46 PM

You guessed it right: they'd just ban it whenever they feel that the competition is getting tighter and stricter. I for one believe that bitcoin isn't going to alleviate any of the world's existing monetary/economic problems related to governments and bank, but at least it will help the financially oppressed to have something for their own without being spied or milked by the banks/government. The more the government sees that there would be a decent change on the already laid system, the more they will try to prevent that change from coming and changing the lives of the people they control. Bitcoin will still remain though, knowing that there are no central sources in which they can just kill the switch and tada! Everything is gone. It will still exist in underground economies, black market etc. even if they banned it in their own countries. Bitcoin is here to stay, albeit a rough and not-so-pleasant stay at all times.

Great point! To add a few point, I honestly think it's all about whether the government officials and the "elite" that they cooperate with are able to benefit from the crypto world or not. The Chinese government wanted to ban the transaction of cryptocurrencies cause they have no control over it thus no way to pose the tax on it. Thus, they started to run on prototype for their own cryptocurrency which they of course have the power to control.