Quote from: Argoo on March 09, 2019, 06:10:59 AM

There is no reason for panic. Most large and influential states accept and legalize cryptocurrency. While not quite clear position on this issue in China. There, as always, they are looking for their own way to mastering cryptocurrency.
I think that we have already passed the point of no return on this matter. The main thing is that people appreciated the advantages of cryptocurrency and, given this, governments will not be able to completely ban the circulation of cryptocurrency.

Completely agree with you, mate. At this point in time, it's very difficult (if not impossible) to be able to take down cryptocurrencies at their entirety. Bitcoin being the main innovator in this space, has enabled thousands of "copies" to emerge thanks to its open source design. Nowadays, Bitcoin and several other cryptocurrencies have massive hashrate and nodes available on the network. The only thing governments can do is to restrict people to trade cryptocurrencies at centralized exchanges, but they cannot stop its usage whatsoever.

One way or another, people will find alternative ways to get access to Bitcoin in case governments become too oppressive. However, this is very unlikely because governments have seen Bitcoin and other crypto beneficial for taxing purposes. Therefore, as long as Bitcoin can be taxed and easily traced, governments will continue to actively support it. Just my thoughts Grin