I would like to take up the points of an article published on
Bitcoinist. (Even if some will say that this media is Pro-Bitcoin the points are the most important.)
1. Laws Can’t Be Written Against Bits and Bites
2. You Can’t Ban Open-Source Distributed Software
3. Bitcoin Can Be Broadcasted via Satellite
4. You can Send Bitcoin Via SMS
5. You Can’t Shut Down the Power Grid
Any regulation can't prevent us from using Bitcoin. Despite their attempt to keep an eye on the system, it is simply impossible for them to ban people using it. So why giving a fuck to "I'm afraid my country will ban Bitcoin!"
They have nothing to fully stop the ecosystem that is currently emerging.
Definitely, you're correct, it is really impossible to ban Bitcoin from any countries but I saw some news that the Indian government already banned Bitcoin and their reason is really pathetic, they see Bitcoin as a Ponzi scheme or a scam.
Anyways in what country you came from and what's the reason they will ban Bitcoin on your country?
Bitcoin will not be banned but will be traced.
Privacy coins on the other hand surely will get banned, sooner or later because the privacy modes can POTENTIALLY be used by some sort of wrongdoers. No matter if you want to make someone a surprise gift, want to buy some kinky fetish lingerie or you could have a chance to buy something illegal or pay for illegal services unnoticed.
You have a point about that but these days there are some privacy cryptocurrencies that offers total anonymity and transactions are untraceable so nobody may see it and trace the user, I don't know how will they do that but just like what you said those illegal doers might use it because of the total privacy that they are offering.
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What will you do when the market goes up and you get your money back. Sell or just keep holding?
