“Government prohibition doesn’t even do a good job of keeping drugs out of prisons. The demand for an item, in this case digital cash with user-defined levels of privacy, does not simply evaporate in the face of a jurisdictional ban. One could even make the case that it becomes stronger because an official recognition that Bitcoin is not only a ‘renegade’ currency but a ‘so-effective-it-had-to-be-banned’ currency would imbue the cryptographic money with larger than life qualities.  Ironically, the ban would create something like theStreisand effect for Bitcoin generating an awareness for entire new demographic groups and new classes of society.”

http://www.forbes.com/sites/jonmatonis/2013/01/28/government-ban-on-bitcoin-would-fail-miserably/

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