Quote:
Originally Posted by Castle2.0
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Western society currently still has good free speech laws. Fed Chair recently said they won't ban BTC.
Also, smart politicians are starting to own BTC, which is really good for BTC holders haha. Politicians always make rules to protect themselves.
They will most likely try to ban Firo or other privacy coins.. but it's like banning torrenting. Yes, it'll be illegal, but you'll have widespread personal usage.
Even if they ban BTC, like they banned gold, you can't confiscate it.
2^256 # of possible private keys.... impossible to brute force.
If it does get banned for X years, those who hold will have incredible wealth when unbanned after X years. Imagine.
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They don't have to confiscate it if it's worthless cuz you can't convert it to cash without being arrested.
Namaste.