Post
Topic
Board Economics
Re: Why Bitcoin is not that good as currency?
by
jseverson
on 09/10/2019, 03:19:20 UTC
-snip-
Well unfortunately I think it can be a question towards survival if you don't want to Bitcoin to be the next cocaine or Weed. China & India two highly populated countries have put restrictions upon its usage. If we see more countries following the same track I don't think how are you saying that Bitcoin Survival is at question.

You misunderstand me. I acknowledge that governments present a threat to Bitcoin's survival. What I was saying is that there is nothing to suggest that countries are lining up to ban it, as you imply. Outright bans have been isolated cases of desolate, corrupt, or authoritarian governments. The top global economies are open to it, even China which allows peer-to-peer and over-the-counter trading. If you're saying a worldwide ban is inevitable without anything to back it up, you're only spreading FUD. I don't even know how you think Bitcoin is remotely comparable with illegal drugs regulation-wise.

I would like to reiterate what I previously said: while wholly possible, there are no developments that signal Bitcoin's survival is in question.