So far governments have generally speaking said: alright we will allow your Bitcoin.
This is because right now Bitcoin just moves fiat around from the pockets of losers to the pockets of winners. The government don't give a shit about that. Fiat goes in, fiat comes out. Not a problem.
But if this ever changes, and it migth (we are working hard on changing this)
Goverments around the world can get together in their G9 bildeberg meetings or whatever they call em and the 0.001% can all agree to make crypto illegal.
This means:
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ISP's will be forced by law to do deep packet inspection and shut your internet down if you are running a node.
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Every exchange that is a bank will lose their banking license
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Every centralised exchange will be shut down and their fiat assets frozen by a request to their bank that the bank by law has to follow.
Now 1 BCH will still be 1 BCH even if every cex goes offline.
But users risking t heir ISP's shutting down their internet when Bitcoin related traffic is detected.
That is HUGE issue.
Let's say that 2 years from now this will happen in The USA and the UK first and 1 year later in most european countries,.
Let's say within 5 years this will happen in most european countries.
How do we counter this TODAY? Or do we just hope it won't happen.
Or will Spacex soon be the only internet that will allow Bitcoin traffic so that Elon Musk can control like absolutely everything?
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source https://www.reddit.com/r/btc/comments/mhpgwb/is_anybody_working_on_a_way_to_make_in_really/
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