Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).
What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.
if based on the agreement of all countries it looks like bitcoin can lose. but if it's only 1 or 2 countries it looks like bitcoin will still win. the most important thing is how the attitude of the countries in the world in responding to bitcoin and the real bitcoin effect.,What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.
Even if 50 countries decide to ban Bitcoin it can still win. It would need almost the entire world to get rid of Bitcoin and even then Bitcoin isn't gone. How are you going to destroy it? The blockchain is out there on millions of computers. Another government could change their mind and boom you can just activate you wallet and there you go. You can't eradicate Bitcoin. You can only try to somehow make it difficult for people to use it, probably you can't even prevent them from getting it when there are decentralized exchanges involved.