It’s a point worth making that Bitcoin doesn’t have a single central hub that can be killed easily.
Couldn’t the government simply declare trading in Bitcoins illegal—if it so chose? If someone publicly says they accept Bitcoins, the government could do a sting-operation on them, to verify this—and then punish them. Users would pretty quickly be driven underground.
Couldn’t the government simply declare trading in Bitcoins illegal—if it so chose? If someone publicly says they accept Bitcoins, the government could do a sting-operation on them, to verify this—and then punish them. Users would pretty quickly be driven underground.