Tuesday, October 26, 2021
Bitcoin Why Governments Can't Ban Bitcoin

Why Governments Can’t Ban Bitcoin

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Worried About A Ban? Then You Need Bitcoin More Than You Think

Skeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies exert over us. What they fail to understand is the power of distributed open-source technologies and the game theory faced by governments when making these decisions. TLDR: Bans are ineffective—they merely cede global technological power to peers. Authoritarian governments are more inclined to attempt regressive regulations. If you live under that type of regime, you need Bitcoin more than you think.



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