Since the invention of bitcoin, it has been claimed that bitcoin will be suppressed by governments and even outlawed in the future. The argument is that the further development of bitcoin will threaten the interests of traditional currencies, while rulers will not cede power to a p2p currency. Once governments declare it illegal, the price of bitcoin will fluctuate wildly in the short term and could collapse. At the same time, the government's ban will lead to the closure of the bitcoin trading platform. After the closing of the trading platform, bitcoin can only be realized in private, and its ability to cash will be greatly affected.

The theoretical basis of the government's crackdown on this view is that the currency is an effective tool for the government to control power, so the government will firmly hold the currency issue right in its own hands. And we think, however, many countries in the world, including the United States, will allow private money, so from the source, not governments around the world have natural power to suppress private money. To say the least, even if there is some governments, distribution rights to control their own currency, it is forbidden for any private monetary circulation in the country, they will find, to clamp down on COINS from the technology is almost impossible task.