You are talking about cryptocurrencies, I'm talking about Bitcoin.
Who gave you those info?
You think no one is transacting in crypto inside of china? Or no one is mining bitcoin?
That seems unrealistic to me.
But even if it were true, still not enough to prove you can stop Bitcoin.
I understand where mass shooters are coming from now.
Direct democracy would be a nightmare. That is exactly the system the democrat party wants to move toward. They have cultivated environments where massive numbers of vote-eligible (and technically not eligible but still pulling off doing it) people exist and continue to grow in population who are all entirely dependent on the state, and democrat policies in particular.
Yeah theoretically Crypto is safe from the government and short of torture they can't get the private key out of you.
1) it's China so torture is on the table
2) Theoretically communism works.
If bitcoin were made illegal then it would have about as much affect on the world as the boogaloo bois have on the political trajectory of the US.
I repeat, if Bitcoin could be made illegal, it would have been already. It cannot be done. It is the main reason why it was invented. And it is probably the single thing most governments/banks actually fear right now.
Also, I don't understand this lack of trust in Bitcoin based on unrealistic or impossible events, aka the internet disappears or governments "ban it", while using or mabye even trusting fiat money which is guaranteed to only work against you. This system will fail because it's unsustainable, as much as the thieves who came up with it are trying to prevent it from failing using crises like this covid thing or the 2008 subprime crisis, etc..
Every one of these times is an attempt at keeping the boat from sinking while throwing us in the ocean or making us cover the holes.
And the only possible alternative, for us, is Bitcoin, which means getting our own ship. In some countries this is already the case for many people.
Hey, if you got a better idea that makes sense, I'm all ears.