RE: Crypto Can't Be Stopped! Or Can it?
I do not use any exchanges that use fiat, or actually, maybe they all do and I just wouldn't know because I use Coinbase only for that and I don't consider them an exchange though.
The value of cryptocurrency to me is because it is legal, if it were to flip illegal, while I support it's use and know for a fact blockchain technology will be around in some form because it being something that works, I can't see myself personally using it. I think this is the average person thought on this.
The drug argument is at least those things provide a service when bought, if I grabbed a fat sack of that illegal Dogecoin, it wouldn't make sense unless goods or services would still be available (or it got me crazy high).
I am more concerned at the hypothetical that would get us to the point that they would make it illegal. I see "governments" trying to band together and attempt to control things more so than stop it (with the ability to fork and altcoins a plenty, I think they know that wouldn't work).
Foto good))
I totally agree with all that. I think government control, and regulation will be the more likely outcome. South Korea has already asked for some sort of international coalition to try and figure things out. I'm sure the G8 and other international government groups will have crypto on the agenda soon as well.
I think the hypothetical scenario that would drive an outright ban would be having it tied into terrorism. We've already seen them try that one in France.
https://www.google.com/search?q=french+terror+attack+cryptocurrency&ie=utf-8&oe=utf-8
Never underestimate the power of the drug war either. Declaring it an instrument of crime or some other nonsense.
My guess will be that they'll somehow try to ban "privacy" coins, and figure out how to regulate the currencies they can keep track of.