[skcin7]

> The other approach is make the conversion of state currency into BTC illegal. But the implications of that are unclear. Would people adopt a different crypto-currency? Would all crypto-currencies be banned? Could a BTC black market still exist like drugs?

I think more than likely it would be like torrents are now: a large amount of the tech-savvy population uses them and loves them, but a lot of people are afraid they'll get sued or have a letter written to their house from their ISP (which means nothing), and would rather just pay $7.99/month for a worse selection on Netflix and maintain a peace of mind.