" left behind " lol imagine thinking that's a thing

Check out Venezuelan currency, Lebanese currency etc. for left behind examples.

This is never about the currency, it's about the economy. If Venezuelans held bitcoin they'd experience the same thing - losing all their bitcoin to pay for food as inflation soars locally (food costs a lot more bitcoin that it did before).

Everyone focuses on the currency in these economic breakdown conditions, which is pretty silly because the currency is irrelevant to what's happening.

The beautiful thing about inflation is that it makes the world fairer in an economic mess, because it causes wealth to recalibrate down to zero, and the only source of income quickly becomes work.

So you're in Venezuela, and the economy starts to hyperinflate.

Would you rather have $100 of Venezuelan currency or $100 of bitcoin (or gold, or stonks, or a Benjamin) or are they all the same in that situation?

If it's longterm fiat over bitcoin all day, when both become worthless I can wipe this ass with it or burn it to keep this ass warm, when perception of value gone some value still there with fiat, nothing to extract with bitcoin when perception gone!!!

Arguing the intrinsic value of the paper fiat is printed on is a bold strategy.

It doesn't really matter what you have, because in socialism, the government comes for your money and property anyway unless you're one of the inner circle of the socialist dictators.

Hell, even in the US the government came for your gold.

How the US government seized all citizens’ gold in 1930s

You think they can't come for your bitcoin, something which has to be transferred over the Internet which the government controls?

The government could trivially track and trace everyone who uses bitcoin, could ban it for the purchase of goods, could criminalize holding it, could tax its conversion to fiat at high rates via exchanges, etc. It's far less safe than gold when Venezuela happens. You guy are ostriches thinking it gives you any safety or that government can't stop it or seize it or devalue it down to near nothing at their whim.

ok

They're not incompatible. Come on, unlike most bitcoin bulls you're smarter than this.

Bitcoin is already trivially trackable and insecure, and can be used to even de-anonymize Tor users without doing anything special. Law enforcement isn't bothering at the moment, but the reality is the US could trivially track, trace, confiscate and criminalize bitcoin usage if they wanted to, very effectively.

Anyone who doesn't know that is incredibly delusional or uniformed.

They got their blinders on because bitcoin is storing their hopes and dreams, of buying a my little pony, watching it grow and eventually giving them a free ride.
They try and fear monger with " buy or be left behind" these logic leapers and modern day alchemist are clueless shills, hoping to profiteer you into bitcon. One day these clowns will finally understand bitcoin, when that time comes there won't be any demand for these clowns to exit, generational baghodlers will be created.

My hardware wallet was purchased with bitcoin i have never used a exchange in my life and buy and sell my bitcoin through peer to peer transfers with other poker players. Please explain to me how any government can confiscate my bitcoin.

Bitcoin is trash. LINK is going to be next hot thing.

There are many ways to use Bitcion pseudonymously, they even pointed out in the article you linked that using CoinJoin thwarted their tracking.

With bitcoin you can just up and travel to a new country. If it got so bad that they started banning bitcoin to save the USD - you could go to a country where they don't ban it. If they ban it worldwide it could be a problem.

Smart Lebanese started buying BTC when they noticed problems in their banking system. Now they can go to a new place if they can escape their country.

You can also use btc when you travel. Load up a hot wallet on your phone or a ledger, and take off. Bank of america now lets you buy crypto with a credit card and says the assets are as good as cash. I would rather fly to vegas with 3 btc than 30k in cash. I doubt I would have too much trouble transferring it to cash at a high stakes poker table.

https://cryptoslate.com/bank-of-amer...-credit-cards/

Maybe the doubters are the ones with their head in the sand.

You just fail to realize that the ability you think bitcoin has is not a ability but a perception. That's great you can leave countries "NOW" but when you do so, you're taking a ridiculous crazy risk for all your $, yet people won't realize how risky that risk was until they have zero demand to sell their bags into then they will actually understand bitcoin. The only thing bitcoin can store is your hopes and dreams and most importantly the lesson it will teach.

I'm wondering what scenario you are imagining where this would come to pass? Even if we make the leap to "USD needs to be saved" how would banning bitcoin further that goal?

They wouldn't say they are banning btc to save USD - they would say BTC is being used in too many illegal activities and hence we need to stop the criminals from using it. They would enact a law to punish those who accept it or mine it, or try and use spend it.

They did the same thing in Venezuela - the government just came in and stole all the crypto mining equipment from the bit coin miners and stole the btc that wasn't secured in a cold wallet.

BTC is doing exactly what it was designed to do. Hedge against the mis management of governments and money for short term political gain. If banks and governments were solvent - there would be no reason to have a BTC. But they are clearly not. Im not really sure I want BTC to go to million because that would mean the USD has failed. But BTC and metals are the only hedge against hyper inflation right now.

BTC has crashed to 4k in march. That didn't stop people from holding it. It has not retraced back to 9k and the number of holders is growing. Soon there won't be enough BTC to day trade if people continue to hold it. If BTC goes to 0 it's not going to hurt me much, but if my stocks go to 0 i'll be ruined - luckily i'm hedged with BTC. The chances of them both going to 0 is unlikely and if stocks go to 0 BTC should 100x

This doesn't answer the questions?

Than I guess I don’t understand your question. You asked how they would ban bitcoin or why. If governments think it’s a threat to their own currency I’m sure they will try and find a way to ban it

Yes they will. But if USA bans it but China and Sweden (pick whatever medium to big countries) promote it and adopt it, what do you think happens to price. Legitimate question. I'm curious.

Chainlink closing in on $7.50... yeah baby

It will most likely fall short term. It also depends on who sells it. The thing that will get btc to rise the most is when hedge funds find out they want 1% of their portfolio in crypto. Than it will take off like a rocket ship. If that doesn’t happen it will prolly fluctuate between $6000-$20000

wow... LINK blew right past $7.5 and topped $8.54 this afternoon...

No, that's not what I asked at all.
In other words - If USD needs to be saved, what is the scenario that bitcoin has anything to do with it? And how will banning bitcoin be a positive step in "saving" USD?