Question for #Bitcoin maxis
What do you think will happen if Bitcoin gets banned?
Honest question
Discussion
At this point, it is a foreign currency, due to El Salvador.
So what happens in countries in South America where the Dollar is severely restricted? There's a black market for it. Bitcoin's properties make it even easier (then the Dollar, which thrives) to survive under a ban
It did get banned in China and Bitcoin shrugged
Bussinesses in China receive in bitcoin?
There is a lot of Chinese business trade settled in Bitcoin, they just want to deter their citizens from getting any of its benefits
Nothing, China has banned it before. Nothing.
Nothing
Good luck with that 😂
Ultimately though José, any serious attack on my sats and they’ll never get them… EVER🤷♂️
Businesses in China receive the in bitcoin for their products?
If Bitcoin is banned it just means it works at taking power from the state.
I'd buy more.
You cannot ban Bitcoin. There is always a way.
I know their is always a way, but if company’s can’t receive in bitcoin for their products that is a big problem to mass adoption
Let's say it's banned from exchanges in the US, and you can only buy etf, I think the price would crash 50% or more, it would be more difficult but bitcoin would survive and continue to ATHs. Also etf demand would still drive price up.
Beyond the price, buying/selling bitcoin would be way more difficult. Maybe mining event at a loss could be a way to stack.
They can close that on-ramp and off-ramp, everything points to that, and to Blackrock fork when it haves that power. And they have the regulators in their pocket.
Yes they could do that, and it would be very hard to buy/sell bitcoin but I think in the long term it would still survive, p2p markets would grow. But I don't think that will happen.
Everything points to that happens
Something happens, we cannot lie to him
When a country bans Bitcoin... That country essentially castrates itself from it, leaving them behind while everyone else adopt it. Because Bitcoin doesn't give two fucks; it's software its an idea that lives on the mind of everyone who encounters it.
Even if you "ban" it will still popup, the only thing you can ban are bridges, Fiat on and offramps. People will still buy and sell peer-to-peer.
I don't think it's fair to laugh Jose obviously has obvious worries about #bitcoin and it getting banned.
They're legitimate worries all we can do is hope the right people are in the right places that see #bitcoin the way we all see it the future of an online digital currency that everyone will be using in 10 years or less that it will be the digital example of the dollar everything on the stock exchanges trades with Bitcoin etc that's the dream of course the fear is nevarious people push other digital coins to were #Bitcoin should be cause make no doubt Jose the future is online digital currency Fiat cash is dead and buried and right now #Bitcoin is the leader in this market of viable online digital currencies and lightning will be side by side all the way. The future of online shopping. Country's are already switching to a #bitcoin only Currency and they're thriving.
🎯🫂🫡 
How to ban bitcoin:
You can’t lol
Just ask 🇨🇳
They can ban business to sell products for bitcoin..
I think the whole point of bitcoin is that we don’t need permission from any governments or banks or anyone at all to do business. We are in the very early innings of separation between money and state. They won’t go down easy. But they will go down
Who haves a regulated business needs to act by the law if they want to keep doing business
Furthermore THEY will become less and less relevant
And if the U.S.A. doesn’t get its act together and get on a bitcoin standard soon. I’ll just simply move my family to a bitcoin friendly country. I will die on this hill
When a move like that come will be a move of many country’s at the same time, everyone here are aware of CBDCs.
When they change fiat money to cbdcs they’ll make that move together
But bitcoin will just keep doing it’s think no matter what these ass clownz attempt to do lol
Bitcoin will, but people who is in this market only thinking in “to the moon” aprouch will run from Bitcoin