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<p>[QUOTE="rmpsrpms, post: 7947680, member: 31773"]I see. Well, you may be correct. Counterfeit coins have value, even though they are technically illegal. But keep in mind that cryptos rely on vast computer networks to operate. China had a two-stage plan to get rid of cryptos...first, they made mining illegal, then they made the crypto transactions themselves illegal. How much value does a bitcoin or whatever have in China right now? Likely there are some holdouts, especially since cryptos are still legal in other countries, and some Chinese who had a big stake still "own" them and do transactions clandestinely/illegally. After all, those transactions would be handled by a blockchain server "somewhere", though not in China presumably. But as other countries crack down and make cryptos illegal, eventually those transactions will become like drug deals. I can see the headlines now..."The War on Cryptos is almost over" and "Just Say NO to Cryptos". There will be some stalwart holdouts, those true believers who invested their life savings in cryptos and suddenly find that the only place they are still legally traded are in a few Crypto Colonies in Sub-Saharan Africa or perhaps a couple countries in South America.[/QUOTE]</p><p><br /></p>
[QUOTE="rmpsrpms, post: 7947680, member: 31773"]I see. Well, you may be correct. Counterfeit coins have value, even though they are technically illegal. But keep in mind that cryptos rely on vast computer networks to operate. China had a two-stage plan to get rid of cryptos...first, they made mining illegal, then they made the crypto transactions themselves illegal. How much value does a bitcoin or whatever have in China right now? Likely there are some holdouts, especially since cryptos are still legal in other countries, and some Chinese who had a big stake still "own" them and do transactions clandestinely/illegally. After all, those transactions would be handled by a blockchain server "somewhere", though not in China presumably. But as other countries crack down and make cryptos illegal, eventually those transactions will become like drug deals. I can see the headlines now..."The War on Cryptos is almost over" and "Just Say NO to Cryptos". There will be some stalwart holdouts, those true believers who invested their life savings in cryptos and suddenly find that the only place they are still legally traded are in a few Crypto Colonies in Sub-Saharan Africa or perhaps a couple countries in South America.[/QUOTE]
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