Every new thing/invention/practice is not readily accepted by us, the humans because it's against out nature. It takes us time to quit our comfort-zone be it some old routine/customs/traditions or something like that. The human history is a true depiction of this practice over and over again but ultimately what's right is accepted. Blockchain technology solves many problems that traditional banking system has created. There is always an expiry date for everything and this banking system of the world failed back in 2007. There was a dire need of something better. So, this big financial crunch gave birth to Bitcoin. Now time will tell, how this future technology is kept away from the people. Almost one third of the world is already linked with it directly or indirectly and this number is speedily going up. No ban can work because there is no better alternative available. More power to decentralization.
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Very nice comments.
You are right that a ban would technically not work. But believe me: It works in Jailmany. All the regime has to do is to ban it, and the Germs will stand to attention and obey. The Germs never beheaded a King. Do you know why? Because there was no law that allowed beheading the King. Gaymany is a country where people obediently ask the regime for permission to protest against the regime. So, if the regime doesn't allow them to protest against itself, then they stay at home. An American would think that's absurd, right? Now get this:
People who regularly post articles about how to best pay taxes on crypto currencies are either Germans or Austrians - same difference. I'm not joking - they actually do that! They take retardation to a whole new level...