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??
the possibility of occurring like that is very small, seeing the effect that will be caused must be extraordinary, there will be economic chaos everywhere, so even if the government closes or blocks it, it is only local in a country, because bitcoin is global so need discussion between countries in the world about the profit and loss of blocking bitcoin, so the community of bitcoin owners don't have to worry because such a thing is likely to occur very small.