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Government Ban On Bitcoin Would Fail Miserably - Forbes

http://www.forbes.com

I maintain that a government ban on bitcoin would be about as effective as alcohol prohibition was in the 1920s. Government prohibition doesn’t even do a good job of keeping drugs out of prisons. The demand for an item, in this case digital cash with user-defined levels of privacy, does not simply evaporate in the face of a jurisdictional ban. One could even make the case that it becomes stronger because an official recognition that Bitcoin is not only a “renegade” currency but a “so-effective-it-had-to-be-banned” currency would imbue the cryptographic money with larger than life qualities.

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roryn3kids's picture
Created by roryn3kids 1 year 10 weeks ago – Made popular 1 year 10 weeks ago
Category: Free Market   Tags:

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