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??
When governments ban Bitcoin and other crypto currencies the value of them will be useless because what is the purpose of having a currency when you cannot use it any where to do any useful thing so currencies will exist digitally in wallets and in exchanges but will have no any value to do anything