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??
I think that the money already invested in Bitcoin will be forever gone since there are no back-up system to give their money back. It will stabilize the current currency of the government, therefore lowering the inflation rate. It will also generate more revenue and taxes from the people.