RE: Why I'm Negative on Bitcoin

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Why I'm Negative on Bitcoin

in bitcoin •  7 years ago  (edited)

Like andreas said. If use defines the price of a currency and a major country "bans" bitcoin or makes it "illegal", than that will crash bitcoin. Even if it's not possible to do so on a technological level...

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Pretty much - there are many libertarians who would continue to use Bitcoin, even more enthusiasts - but majority of adopters will stop the moment it is made illegal. Fortunately there is little to no economic incentive for a government to take such an action since Bitcoin and other cryptocurrencies = more taxes for them.