Like andreas said. If use defines the price of a currency and a major country "bans" bitcoin or makes it "illegal", than that will crash bitcoin. Even if it's not possible to do so on a technological level...
Like andreas said. If use defines the price of a currency and a major country "bans" bitcoin or makes it "illegal", than that will crash bitcoin. Even if it's not possible to do so on a technological level...
Pretty much - there are many libertarians who would continue to use Bitcoin, even more enthusiasts - but majority of adopters will stop the moment it is made illegal. Fortunately there is little to no economic incentive for a government to take such an action since Bitcoin and other cryptocurrencies = more taxes for them.