Even if they banned all centralized exchanges and declared it illegal, it would be difficult to ban it outright. But if that happens, the global acceptance of bitcoin or the expectation that bitcoin will become widespread will be gone, and the one who has the most difficulty is us, no one else. So let's not expect that to happen.
Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.
Although the government cannot completely ban bitcoin, we do not need to make a public statement against them. We will be even more disadvantaged when we deliberately go against them, they are still the strongest in this world.
I sure hope governments and crypto industry leaders work together to make our world a better place. A full ban from worldwide countries, would certainly stifle Bitcoin's ability to reach the masses. I'm pretty sure most governments will regulate the industry, instead of going against it. As long as they're able to tax Bitcoin, there should be nothing to worry about.
I think governments will eventually admit that Bitcoin cannot be stopped no matter what. We can thank Satoshi and the rest of the Bitcoin community for keeping it as decentralized and censorship-resistant as possible. If Bitcoin was centralized, it would've been doomed by now. Who knows if it gets to live alongside Fiat for generations? Just my thoughts
