[natrius]

Governments will likely try to legislate Bitcoin out of the market, but I doubt they'll succeed. In a democracy, it's easy to make something that's used by a small number of people illegal, but if plenty of people are already using it, they'll vote you out of office.

If someone tries to make Bitcoin illegal in America, why wouldn't large Bitcoin holders try to distribute bitcoins as widely as possible in an attempt to win over the people and retain as much of the value of their Bitcoin holdings as possible?

Here's a short story that resulted from that thought experiment: http://niran.org/bitcoin-fiction/the-blockchain-letter.html

[JamesArgo]

This reads like religious fiction and makes me seriously question the rationality of the bitcoin community.

[SectioAurea]

Most Bitcoin users don't believe this will happen, for what it's worth. The 'armageddon facedown with the government over Bitcoin' is just another doomsday fantasy popular with those who enjoy doomsday fantasies.

The rational types have already seen it taxed as capital gains in several countries. It's not even a question of if they will fight it anymore. They were never going to.

[natrius]

Communities don't have rationality. People do. If you're going to question my rationality, the least you can do is argue your case.