Post
Topic
Board Nigeria (Naija)
Re: Just Thinking out Loud: How Strong Do You Believe In Blockchain and crypto
by
nelson4lov
on 14/08/2024, 22:48:32 UTC
~Snipped

what do you think will become of it in the future, won't they ban it totally? And people who are moderators and crypto ambassadors, tech guys developers, how will they survive, can people coming behind still make crypto a career.

Everyone needs to take a chill pill. In hindsight, it's very clear that government won't be able to stop Bitcoin / Blockchain / Crypto. If it were possible, the United States which is the most powerful government in the world would have stopped it but instead, we have a Bitcoin ETF in the US and the biggest Wallstreet players can now legally buy bitcoin without problems.

Even if shit hits the fan, the government can only tax crypto. They can't ban it completely. China is one of the most censored countries and they banned bitcoin for years, yet their citizens are actively participating in it and now their government is considering making a U-turn.

I will leave this for reference:

How Chinese traders and miners get around China’s crypto ban: https://cointelegraph.com/magazine/china-crypto-ban-investors/