Quote:
Originally Posted by NEW XTC
What does the US have to do with anything - just exactly how can the US make Bitcoin "Illegal"?
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You don't make Bitcoin illegal. You make it illegal to cash out to USD, then strong arm everyone else so you can't cash out in any other currency either. Then it's dead in the water. It's as easy as a stroke of a pen and a few phone calls to kill Bitcoin without actually having to kill Bitcoin. Without the ability to convert your coins to cash, what's the point?
China and Thailand already did it. If everyone else followed in their footpath, Bitcoin would become useless overnight unless you're wanting to spend them on online items, such as games.
Will that actually ever happen in the USA? No idea. But it could be easily done should they want to.
That said, it would have to be an all or nothing in order for it to work. If you can't convert to USD, but can in EU or another currency, that could work in favor of Bitcoin and make it even more valuable. Or not.