Quote from: Charles-Tim on Today at 05:34:46 PM

Quote from: ulhaq on Today at 05:03:41 PM

the concern of crypto being used for tax evasion and illegal activities

Is fiat not most used for tax evasion and illegal activities? It is.

Quote from: ulhaq on Today at 05:03:41 PM

the Bank of England governor recently said bitcoin has no value

It has no value? But turned people that have just little amount of money into millionaires and billionaires.

Quote from: ulhaq on Today at 05:03:41 PM

It's obvious that countries haven't considered bans in the past because they didn't consider bitcoin to be a threat

How is bitcoin a threat? Because fiat is more involved in illegal activities and more used by criminals.

Quote from: ulhaq on Today at 05:03:41 PM

Also even if it were not banned, governments can monitor all activity because basically everyone uses centralized exchanges and the blockchain is public

If people like, they can. But privacy can still be maintained. But most people are ignorant of privacy.

Quote from: ulhaq on Today at 05:03:41 PM

So what would the future trajectory of the world look like after that?

Bitcoin is a privacy coin and I will only make mention of it because it is the true decentralized currency. It is deflationary and not centrally controlled. The future is just bright as it is also deflationary with limited supply.

Yes obviously, but I am posting the perspectives of government, not what's actually the case. How is bitcoin a privacy coin when the blockchain is public and 99% of transactions are not layer-2?