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 if they banned bitcoin and even the wallets, payment and etc. it will probably result to a negative situation because many people will panic and they will stop on investing. Even they banned there is a chance that you can still use your bitcoin but you need to transfer to another countries which bitcoin is not probihited.