Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Of course the bitcoin in my wallet will still be there, but it's another story if the government is hunting down the wallets of bitcoin users. I'm sure the bitcoin will be taken by the government because no one will be allowed to use bitcoin anymore. Waiting for time so the government does not tire bitcoin anymore is probably the right choice.