If you can't beat it join it.......Bitcoin is truly decentralized and can't be contained. Governments know this and it's all about trying to control its development and limit its effects on their control. Long term they need to accept and support it.
An all-out ban would maybe have a positive effect on the dollar in the short term but would have a much more significant negative impact on the dollar in the long term. Once people fully understand the value of a decentralized peer to peer payment system that has a finite amount unlike fiat currency, things will start to pick up speed.
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I could see that. Though if that were to happen, it may severely injure bitcoin and the bitcoin 2.0 may be the one that they let survive, whatever that is...
Bitcoin 2 = Apollo (APL) looks VERY promising, on CoinCheckup gets an algo score of 4.5 out of 5...# 2 algo score; Bitcoin gets 4.17...just saying.
There are lots of altcoins that have better tech, but bitcoin keeps outshining them all. Why is that?
Good points!
All fiat currency has a shelf life, this includes the dollar as it is a fiat-based currency. America continues to print the dollar into infinity constantly diluting is value. No matter what happens the dollar will eventually go the same way as the Reichsmark. Bitcoin is global which weakens the effect and control any country has over it. It's only a matter of time before currency becomes global and not restrained by geographical regions.
Yep, I agree 100%. I am hopeful that bitcoin is that currency.