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RE: The Banks Are Afraid of Bitcoin and They Can’t Do Anything About It.
"The only way they can shut down cryptocurrency is to shut down the internet."
Probably the most heard argument on Zero Hedge: but what if the government shuts down the Internet?
Like the Internet does not pose a systemic risk and that you can just shut off like that. No, governments cannot just shut down the Internet.
There are ways the government can try to impede trading on cryptocurrencies but to shut it down entirely, requires a china approach to filtering what sites the citizens are allowed to access. There are ways to bypass it, of course, but the vast majority won't even bother. That would effectively pigeon hole cryptocurrency to the realm of techies.