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RE: Who created Bitcoin? Hint: It's not who you think... (Part 2)
This truly is a dark scenario, but we might see it regardless of the creator of the blockchain. The technology is here and it's easy adoptable by the government. And when ever they decide to go the path you described, they'll have the advantage. As you said ... after all they are the government and people will follow especially if they must.
I still hope that this won't happen but i wouldn't put my bet on it ...
Even if the government created it. It is no longer in their hands. Its like the Internet. Created By US Defense Department but no longer under their control
Yes, but the government makes the rules... If they decided to suddenly outlaw trading and transacting in Bitcoin, it would suddenly lose most of it's value.
Oh they can try, but once it goes global, no one government can stop it.
http://www.reuters.com/article/us-russia-bitcoin-idUSBREA1806620140209
It's like Google, Facebook and Instagram , which are banned in here in China. People find a way to get thru. I need to use a vpn. Even For Steemit
But I do agree they can make it difficult. Here in China they prevented bitcoin exchanges to do RMB withdrawals
https://cointelegraph.com/news/china-bitcoin-exchanges-what-withdrawal-suspension-really-means-for-users
Or banks closing your account because of Bitcoin
https://community.coinbase.com/t/bank-account-close-because-was-using-coinbase-and-buying-bitcoins/12497
This one is not limited to US . The exchange I use in Singapore had to move thier bank account