Crypto can be stopped, not only theoretically but practically, If every government rule against Crypto currency, there will be no one to use them and the market will be disappeared as we know it.
There can't be an outright 'rule' against cryptocurrency. At least not a countrywide ban in most democracies. That will be against the spirit of freedom of choice and profession that democracies tout as their specialties. Using bitcoin to transact anonymously will still be limited to peer to peer transfers only. This is something that nobody should have a problem with. It is much harder than you think to contain the power of a user-generated and user-validated currency.--snip--
as much advantageous that crypto is Decentralized, it also the biggest weakness, without a way to track, few people / not more than few use crypto for illegal purposes and that is wrong in every way.
The best option is make a system that is traceable by at least some responsible officials or organizations, not making a system that is completely decentralized. many people say it's a advantage, but that is the downfall of crypto , humans need some sort of control over them otherwise they are tend to go wild. so as much as we love decentralized system, there must be a way to track who used transactions for what. that way it will be positive for crypto users in the long run.
You are falling for the government arguments of painting bitcoin with the "money-laundering, criminal activities" button. Crime and evil will always be there. With bitcoin or without bitcoin. Do you think drug dealers and traffickers will stop operating if they can no longer use bitcoin?? as much advantageous that crypto is Decentralized, it also the biggest weakness, without a way to track, few people / not more than few use crypto for illegal purposes and that is wrong in every way.
The best option is make a system that is traceable by at least some responsible officials or organizations, not making a system that is completely decentralized. many people say it's a advantage, but that is the downfall of crypto , humans need some sort of control over them otherwise they are tend to go wild. so as much as we love decentralized system, there must be a way to track who used transactions for what. that way it will be positive for crypto users in the long run.
I appreciate your concern but you have it totally backwards if you think solution is to enable a way to "track" the usage of crypto by some trusted/responsible officials or organization. This is not what bitcoin is about. You already have fiat for that.
The choice that crypto gives you is to make a p2p transaction to whomever you want in the world without having to go through the hoops of currency exchanges. It allows countries to come out of a perpetual cycle of debt and misery by loosening the control that the trio of Central banks, Wealthy businesses and Politicians have over the working classes. I'd suggest you to read more on these aspects than falling for the bank/ authorities created FUD (Fear, Uncertainty Doubt)
Just about your first point, sure you're right, but if something would happen that basically forces exchanges to block out a lot of people(for example this SEC-hearing that apparently was fake),
that'd do a lot of damage to crypto as a whole? Sure, if only USA was 'banned' then it'd not be too bad in the long run, short-term it'd still be very noticeable.
However, my point is just that sooner or later, after such an event, it'd possibly eventually die out?
If it one way or another became very difficult to buy crypto, that means a large part of all the regular people who just wants to 'invest', would be locked out..
what's left? the early days of BTC where people were just sending them to other "enthusiasts". It seems like long-term, such a system would die out?
Like the quote from Satoshi that in 20 years there's either lots of volume or no volume.
