31–40 of 52 posts
I welcome all the USA has to throw at btc. It will only make it stronger in the long run and further erode any credibility the us gov has.
If the USA wanted to, it could easily destroy bitcoin, they have more than enough computing power.
It might not be legal for them to do so, but that's their own self imposed limitation, not inability.
I welcome all the USA has to throw at btc. It will only make it stronger in the long run and further erode any credibility the us gov has.
Inversely, it will only weaken Bitcoin, and erode any credibility it has.
I love how they judge the utility of bitcoin based on monetary value.
Earlier quoted context omitted.
I think the anonymity of Bitcoin makes it tougher to regulate when compared to other currencies which generally pass through regulated intermediaries.
Honest question. Isn't giving someone a $20 bill for something more anonymous than BitCoin?
Earlier quoted context omitted.
You bitcoin guys think you can push buttons on your computer and code around the system. So naive. Sorry to be a pessimist, but they can just say anyone transferring bitcoin to another party without going through a KYC compliant intermediary is money laundering and then send the swat team out to whatever ip they can track down via NSA whatever. Game. Set. Match. Banks win as usual, all done. They'll take it down just…
They'll take it down just like Pirate Bay, etc. I think you have unintentionally predicted exactly what will happen.
Uh, oh. This will either be really good for Bitcoin or really bad. I am thinking the Government are going to try and clamp down on Bitcoin and do their best to get their share of the pie through taxes and whatnot. An unregulated currency has surely got a few Federal Reserve members and those with vested interests in currency on the edge of their seats and on the attack. Government backing is the last hurdle for Bitco…
You bitcoin guys think you can push buttons on your computer and code around the system. So naive. Sorry to be a pessimist, but they can just say anyone transferring bitcoin to another party without going through a KYC compliant intermediary is money laundering and then send the swat team out to whatever ip they can track down via NSA whatever. Game. Set. Match. Banks win as usual, all done. They'll take it down just…
Uh, oh. This will either be really good for Bitcoin or really bad. I am thinking the Government are going to try and clamp down on Bitcoin and do their best to get their share of the pie through taxes and whatnot. An unregulated currency has surely got a few Federal Reserve members and those with vested interests in currency on the edge of their seats and on the attack. Government backing is the last hurdle for Bitco…
You bitcoin guys think you can push buttons on your computer and code around the system. So naive. Sorry to be a pessimist, but they can just say anyone transferring bitcoin to another party without going through a KYC compliant intermediary is money laundering and then send the swat team out to whatever ip they can track down via NSA whatever. Game. Set. Match. Banks win as usual, all done. They'll take it down just…
Uh, oh. This will either be really good for Bitcoin or really bad. I am thinking the Government are going to try and clamp down on Bitcoin and do their best to get their share of the pie through taxes and whatnot. An unregulated currency has surely got a few Federal Reserve members and those with vested interests in currency on the edge of their seats and on the attack. Government backing is the last hurdle for Bitco…
You bitcoin guys think you can push buttons on your computer and code around the system. So naive. Sorry to be a pessimist, but they can just say anyone transferring bitcoin to another party without going through a KYC compliant intermediary is money laundering and then send the swat team out to whatever ip they can track down via NSA whatever. Game. Set. Match. Banks win as usual, all done. They'll take it down just…
I welcome all the USA has to throw at btc. It will only make it stronger in the long run and further erode any credibility the us gov has.
Talk about underestimating. If the USA wanted to, it could easily destroy bitcoin, they have more than enough computing power. It might not be legal for them to do so, but that's their own self imposed limitation, not inability.
No, they don't. Not even close. What they do have is enough money to print more ASICs than the Bitcoin community has.
Earlier quoted context omitted.
I think the anonymity of Bitcoin makes it tougher to regulate when compared to other currencies which generally pass through regulated intermediaries.
Honest question. Isn't giving someone a $20 bill for something more anonymous than BitCoin?
For example, crossing country borders with more than $2k-$5k in cash is a felony many places. Bitcoin, however, is as blind to borders as TCP/IP.