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Comment by ferdo

How does the US govt. deploy force against decentralized crypto? It can go after the exchanges and clamp down on bank-to-Bitcoin services but it can do nothing against the network itself. Should the USG clamp down on Bitcoin too hard, Bitcoin will thrive in those places that are harder for the regulatory agencies to reach.

ATM, 1 bitcoin is worth ~350 times more than one Federal Reserve Note, making Bitcoin the most valuable currency in the world. I expect demand for Bitcoin will only rise elsewhere in the world even if the USG tries to make it difficult for its own citizens to use.

parent ferdo 13 years ago

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