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This is how I've always thought about it. If bitcoin survives a US government ban, I'm not sure much could be better for it than that.
Edit: And, if it doesn't survive such a ban, then we shouldn't be wasting our time with this.
Yes, but the question is how awful would the interim be? I'm a softy. I don't want to live life on the lam.
Probably worse than I expect. Think of your hash share, though.
this was sort of my thinking. I don't want to be stupid and claim such things would be good for bitcoin from my comfortable armchair while I don't have to risk going to jail to send transactions, but i do believe Bitcoin's main value proposition is that it lets you break the law. If it is not clear to people that there are laws that need breaking, I'm not sure very many people will be convinced of Bitcoin's value.
It's like Bitcoin almost needs governments to introduce more capital controls so that it can demonstrate how easily it defies them...so that people can see what makes Bitcoin truly valuable.
Is a ban really a wipe out, or just the ultimate stress test? Every time a major economy (like China) bans Bitcoin, the network migrates and proves its resilience