Bitcoin Supporters Cannot Answer One Simple Question

What would happen to the price of Bitcoin if the US did not allow merchants and banks to make Bitcoin transactions?

That’s a very simple question that I have been asking for months. My reason for asking is based on a simple premise:

If central banks or governments are ever threatened by Bitcoin, they will destroy it.
 

Playground Responses

That reads like a third-grader response “If you don’t know, I’m not going to tell you”.
 

Peer-to-Peer Silliness

David King on Twitter:

@khoaitay94 @readbtc @MishGEA BitcoinCash is a peer to peer cash system. So because the tech is person to person its unstoppable. It…

Under the transaction ban scenario I describe, the government will allow you to keep your bitcoin, it just will not let let banks or stores deal with Bitcoin transactions.

So, how do you get money in or out?

What good is peer-to-peer going to do you?

You can send your bitcoins to whomever you want. But try getting US dollars in or out, in size….