Quote from: moneystery on Today at 05:39:32 PM

Quote from: Bonkume on December 17, 2023, 07:37:43 AM

No government should prohibit the ownership of this technology

....

i agree that everyone has the right to be able to choose what is best for them, because that is part of human rights, but the reality is that the government has the power to limit the use of assets other than what they allow for the reason that it is to protect fiat and their banking products and prevent disruption to their economic system.

this has already happened in countries such as china, bangladesh, and several other countries, and it is very likely that other countries will follow them in banning bitcoin for economic reasons.

and whether you like it or not, you have to live with this fact that the government regulates what you can invest in or not. and you may choose to violate it, but there will definitely be consequences and if you are lucky you can avoid them or if not you could face a penalty.

Yep, that is a fact that is hard for us bitcoin users to swallow. Government can always make their way to control or limit us on using assets that the government has no full control. They always sugar coat things but all they want to do is to regulate it and use it on their favor.

It is really hard to imagine if majority of the countries in the world unites and ban the use of bitcoin, what would happen to bitcoin or whole cryptocurrency, if that scenario happened? I'm pretty sure it would be a chaos but people will still find ways to use it since we still have choices if that happened.