Imagine crypto bans..
Not sure if I would cry or just leave the world forever, but if a government decides to make trading or possessing Bitcoins illegal, questions will be raised about how exactly it will enforce such a ban.
Well guys, I have high hopes for us Steemos and hope you everyone is investing in the coin as well as posting!
Realistically, It is impossible for a government to seize your coins, unless you decide to handover your private keys. But, the majority of citizens and institutions like to stay on the good end of the law. So the demand for Bitcoin would spiral downwards if the government decided to ban it of course. All exchanges in that country would also be shuttered and buying/selling Bitcoin would be nearly impossible and risky. This would suffocate Bitcoin in that country and the government’s master plan would be complete and they'd be laughing all the way to the White House.
Anyways, SteemLords, keep investing and posting! $$ seeya!
For aggressive investors, a full ICO ban would be a shame. Ross Pilot sums it up nicely in his latest article at Safehaven.com:
"No ICO is going to pass the Warren Buffett test of positive cash flow and a healthy balance sheet. But a seven-bagger in 3 months tells me to look harder and make up new rules.".
Don't forget that when bitcoin launched, the first few years painted the money as a black market currency. I feel that if a gov ban dropped, bitcoin would revert back to it's old nature with the only difference being that many more are aware of how to use it. Also I think the US would have major resistance at this point because of all the long term investments and busting the boundaries of computer science everyday. I am bullish with or without a ban.