Will cryptos be shut down if they get too big?
I don't think so because crypto "currency" where I live is considered property not currency. J.P. Morgans CEO speaks as if it is an actual currency. It is not. If a property that became great in value such as a mansion will not be banned by a government then why would say, Bitcoin? The guy is full of crap. I think that the banks fear cryptos because they do have potential to become recognized as currency and it would be one that J.P. Morgan would not be able to control. I can't help but wonder if whales of J.P. Morgan stock are pushing him to say that. This is a critical time for Bitcoin and alt-coins. Kick em while they're down. Not a surprise from a banker. I think that cryptos are here to stay. The louder he speaks the more aware of his fear I become. Long live cryptos!!!
I think we have to worry about the exchanges getting shut down more than the crypto currencies themselves. I can see a day where governments say they they are counterfeit money so they would be illegal to trade publicly.
I think it all depends on the stance that governments try to take with it and the justifications they will concoct. Technically they could make it very difficult indeed, but I think it would be worse for them if they simply just regulate it out of a heavy handed clamp down. The technology won't go away, and there are simply too many believers. A perfect storm could be brewing?!
NEVER. We don't even really need exchanges and can use peer to peer networks.
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