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A comment on China's Central Bank Bans ICOs. Parent comment

Re:China's Central Bank Bans ICOs by kobeya on Tuesday September 05, 2017 @01:29AM (#15172739)
The purpose of bitcoin is to be used. Once it has seen enough adoption, you don't turn it into cash. It is cash.

Also I do local bitcoin transactions just fine thank you very much.

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Re:China's Central Bank Bans ICOs by AndrewKemendo on Tuesday September 05, 2017 @12:07PM (#15176533)
Once it has seen enough adoption, you don't turn it into cash.

Therein lies the rub and the crux of my point. A government WONT LET IT see enough adoption that you can subvert the sovereign monetary system.

I think you underestimate how big of a deal it would be to move 100% of commerce off of the USD. Nations go to war for less.

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