Interesting thought. I went with the opposite approach. I think it's guaranteed that some cryptos will be legitimate assets because the governments WANT crypto. It's a tool they can create, they can control, and they can tax.
Also, just because government doesn't want it doesn't automatically mean that the product won't survive. Look at prohibition of alcohol in the United States. There were people who made it with homemade stills in their houses. There were people who sailed down from Canada with booze in their ships to make illegal deliveries in the night. There was still alcohol then, and there is now.
It's too simplistic to say that because there are some nations who will try to ban some cryptocurrencies that ALL crpyto will not be legitimate.
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View this answer on Musing.io
View this answer on Musing.io
Interesting thought. I went with the opposite approach. I think it's guaranteed that some cryptos will be legitimate assets because the governments WANT crypto. It's a tool they can create, they can control, and they can tax.
Also, just because government doesn't want it doesn't automatically mean that the product won't survive. Look at prohibition of alcohol in the United States. There were people who made it with homemade stills in their houses. There were people who sailed down from Canada with booze in their ships to make illegal deliveries in the night. There was still alcohol then, and there is now.
It's too simplistic to say that because there are some nations who will try to ban some cryptocurrencies that ALL crpyto will not be legitimate.