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??
if in my country there was such a situation then I would definitely choose to move abroad. move to a country that does not prohibit bitcoin. but I think events like this will not happen in my country. because my country adheres to a democratic system so that if the cryptocurrency site is closed, all bitcoin holders will protest.
governments in my country only prohibit making payments with bitcoin. but for investment and trade is still permitted. actually crypto will not threaten a country's economic system. only a large part of the country is afraid of crypto growing uncontrollably and threatening their currencies.