|
I've been trying to think just exactly how a US "Ban" on Bitcoin would look like - some have said that the gov could block all fiat to BTC transfers - I don't think that's possible..for one it would take an act of congress to make a sweeping new law that would apply only to cryptos and not affect other currencies - which would get tied up in the courts for years and most likely get struck down. Even if they did pull off some crazy law that made it illegal to change BTC into dollars - exchanges would be set up in other countries in days not weeks - already BTC are traded at every Starbucks anyway. Any attempt to drive it underground would only send the new emerging economy elsewhere and all the associated tax revenue.
Aside from that - making mining and mining equipment illegal...can you imagine the field day the "small gov" nuts would have - that would have zero chance in the courts.
Maybe they could make it illegal to have a BTC wallet on your computer - kinda like cp? Yea right.
Maybe some takedown system where they demand all BTC related info removed from any website ala DMCA - that would have no effect other than people would host in other countries.
No there is no way to "Ban" cryptos - not even a little bit. Nuking the entire internet would be the only way to slow BTC.
__________________
Those who can make you believe absurdities can make you commit atrocities.
-Voltaire
|