[ObscureMind]

If every government worldwide were to forget about or ban cryptocurrencies entirely, they would still persist.

Governments, in this case, offer nothing essential to the functioning of cryptocurrencies. Cryptos are essentially just digital numbers transferred across the internet, their existence sustained purely by individuals investing their time, resources, and trust. Their value and continued operation are independent of government control, investment, infrastructure, or approval.

[cadamsau]

While I agree with what you’re saying in the first order, what would actually happen is pretty predictable - an even more extreme version of what we’re seeing with scams, lost wallets, pump & dump schemes, fake ICOs and people taking advantage of each other with impunity.

Cryptos are simple but cryptoCURRENCY - where the rubber hits the road and the numbers on the internet become useful - is anything but.