The fact that Bitcoin has no leader makes it even more resistant to censorship by governments around the world. Indeed, no one can be sued to make Bitcoin stop working.Bitcoin can’t be stopped.
Since the creation of Bitcoin, Western governments have been at a loss as to what to do about Bitcoin.
They are faced with a dilemma.
Some governments choose to ban Bitcoin and cryptocurrencies for their citizens.This ban at the level of a country’s users does not change the fact that Bitcoin works well and that these users can still use it in a roundabout way.
Other governments are choosing to legalize it, thinking about regulating it so that they can take advantage of the financial windfall it represents in terms of capital gains taxes.
On the other hand, some point to the fact that Bitcoin would not work if the Internet were to be shut down across the board.
I would like to tell them that this is exactly the same for the current financial system. It is therefore not a problem specific to Bitcoin but generalized to all distributed systems.
In addition, some startups are working to develop solutions to make Bitcoin resilient in the event of an Internet outage by deploying an emergency network using specific satellite connections.