One thing that always bugged me about #Bitcoin . What if governments shut the exits? Like, shut down exchanges. Is there anything that stops a government from a country doing that?

I figure if that happened Bitcoin would partially lose its function as a reserve of value, at least to people living in that country. It could still be used as medium of exchange, but that is still undeveloped in a lot of places.

I have a feeling I’m missing something important, but I still haven’t found out what it is. Any of you would be kind enough to share your thoughts or point me at a research material?

#asknostr