> But banning cryptocurrency would be much easier since the majority of the population doesn't own any and it can be framed in very positive terms.
How exactly do you ban or confiscate bitcoin? New bitcoin wallets are created without touching the internet access. Internet access is only needed when sending bitcoin but not when receiving bitcoin. By the time someone sends it, it’s too late, you can’t confiscate it because they don’t have it anymore. If the government bans or starts monitoring the bitcoin network for activity, people can still send slips of paper through the mail with the private and public key to one of their wallet.
Combine that with a brain wallet and you can literally store bitcoin in your brain. Try doing that with gold.
How exactly do you ban or confiscate bitcoin? New bitcoin wallets are created without touching the internet access. Internet access is only needed when sending bitcoin but not when receiving bitcoin. By the time someone sends it, it’s too late, you can’t confiscate it because they don’t have it anymore. If the government bans or starts monitoring the bitcoin network for activity, people can still send slips of paper through the mail with the private and public key to one of their wallet.
Combine that with a brain wallet and you can literally store bitcoin in your brain. Try doing that with gold.