Government Ban On Bitcoin Would Fail Miserably

Ironically, the ban would create something like the Streisand effect for Bitcoin generating an awareness for entire new demographic groups and new classes of society. Unlike alcohol during U.S. Prohibition, bitcoin itself might not be considered a consumption good but it certainly makes it easier to acquire and sell certain consumption goods.

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4 comments on “Government Ban On Bitcoin Would Fail Miserably
  1. The possibility that central banks hate them and that government will ban them is one of the primary motivations for me to buy them! #GIABO!

  2. Hegelian Dialectic says:

    Re: Streisand effect – Hey, if buying a Bitcoin would make me that good of a singer, I’m IN!

  3. Hardcore Uproar says:

    Trouble is what happens when a bitcoin B, a bitcoin C & bitcoin D are set up? The value of the first bitcoin goes back to its intrinsic value, absolutely nothing.

  4. Hotman harrow says:

    Many Bitcoin copies have allready been tried and failed.
    Bitcoin is the original just like Mona Lisa painting is the original art. Thats the currency the money goes into. There might still be another cryptocurrency in the future that will take over, but the quickest way to get that other currency would be by exchanging Bitcoins into that currency.

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