re: Why bitcoin is worse than a Madoff-style Ponzi scheme

The network is fairly resistant to government intervention. It isn’t something you can shut down as it is decentralized and internationally dispersed and you can send tokens peer to peer without the need of a trusted intermediary. You can’t adjust network consensus parameters and have your blocks accepted by the network, so certain alluring aspects like the fixed supply are not within any government or individuals grasp to alter. Perhaps this is what that post was referring to, if we are being charitable.

But more to the point, I kind of think it could be expected that authoritarian governments would react harshly to things they can’t explicitly control but I think we are past the point of no return on nations that respect property rights ever entertaining a ban.