One of a categorical criticisms thrown bitcoin’s approach on a unchanging basement is that governments will substantially finish adult banning a digital income due to a use in bootleg transactions. In fact, this is a evidence JPMorgan Chase CEO Jamie Dimon recently made when ask about bitcoin during a Fortune Global Forum.
[Read More: Barry Silbert on Why Jamie Dimon is Wrong on Bitcoin]
While governments could really try to anathema a use of bitcoin within their borders (and some have), these sorts of bans might not be all that effective. That’s a position taken by Mycelium’s Dmitry “Rassah” Murashchik, who explained his position on a emanate during a panel discussion during a new Bitcoin Investor Conference.
Bitcoin is a Language
At a core of Murashchik’s evidence is a fact that Bitcoin is zero some-more than a language. He stretched on this thought by indicating out examples of how anyone could still use Bitcoin in a conditions where a record had been criminialized by a internal government:
“Bitcoin is only a list of accounts and their balances, and when we send Bitcoin transactions, effectively all you’re doing is promulgation a summary that a mechanism can parse