Tzupy
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July 07, 2014, 10:00:28 PM

The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do. 

Government can never completely eliminate currencies based on decentralized consensus blockchains.  They can only make it more difficult to trade this currency for their own currency, and vice versa.  If government pushes Bitcoin into a black market currency, it will still exist.  In fact, if the war on drugs is anything to judge by, a war on Bitcoin will only make it worth more.


Governments can't fully ban cryptos, I agree, but they can do the next worst thing, cut all funding to exchanges and make common people afraid to hold cryptos.
Until now, bitcoin priced was pumped up by fiat from small investors / speculators. To reach 5k$ bitcoin needs institutional investors, and a war on bitcoin would make this impossible.
So pray that bitcoin will be tolerated by governments (especially USA and EU) in the years to come, or else say hello to double digits.