You do realize this is far from over
Yes I do. Many times have I quoted the year 2017 as being the likely breakout year on here, in fact.
The time period before it breaks out doesn't matter; it's still happening, and nothing can stop that now.
and all this "fighting back" is nothing compared to what is going to happen once the governments fully grasp the extent of BTC threat to their power?
I grasp more than you think I do.
Let me make a mental construct that will help you better see what govs are up against here....
Imagine a new Bittorrent client came along that instead of letting you download "Stolen" movies, it actually let you download money. Real, non-stolen money. let's say $100 a day to everyone with the client.
Such a thing could not be stopped or even significantly slowed down, could it? Such an impossible-to-restrict thing as 1s and 0s that are completely without any barrier to entry other than an internet connection ensures that they can't fight it the old fashion way... Laws or no.
But then the Incentive for free money to all would in fact make it spread fast enough to take over the planet quickly and destroy any industries (like having a job at all in that case) in it's path.
The only different between the above scenario and bitcoin is the amount of wealth being offered by the client. There is literally no one on the planet that bitcoin can't save money. Not a single person. Janet Yellen could secretly be sending Obomba some coin right now to pay him back for lunch because there are no freaking fees!
Face it; it's enevitable, even if they pass another amendment to the constitution banning bitcoin in the extreme. That can't stop it, because the incentives don't go away. But don't take my word for it; See the 18th and then 21st amendments for yourself.
"There is no chance Bitcoin becomes successful in the USA, period, end of story" - Keith Rabois
Sunday Conversation #7: Keith Rabois, Khosla Ventures (6 of 7) - YouTube
Keith sounds like a smart enough guy; I won't call him a fool, but he's still a statist that just doesn't get free markets.
Let's take a look at his big fear: that uncle sam will come along and make it illegal to advertise businesses that accept bitcoin.
That worked in Gambling because the thing they threatened Yahoo and other publishers not to advertise were Gambling outfits, like casinoes.
How can this work with bitcoin, where the things they will threaten publishers not to advertise is... Bitcoin?
There are many tens of thousands of businesses and hundreds of Charities accepting bitcoin. Are they going to ban all these businesses and Charities from marketing themselves anymore?
This is not a rational avenue of attack. The only "big gun" the USSA has to attack bitcoin is what russia did already; "Ban" the use of it.
Somehow, you can still see lots of bitcoin being bought by russians today.
What happens, --->100%<--- of the time that governments ban something is that a black market forms for that thing, and it still gets sold with a premium... And of course customers go elsewhere to places that it's legal in.
Again, see that 21st amendment for historical analysis.
But it gets better! So far, everything that uncle sam has banned was something like a narcotic or deadly weapon... Something they could make the claim was in an effort to protect us.
This does not ring true about bitcoin. Everyone already knows that bitcoin exists to PROTECT US against GOVERNMENTS.
So it's a totally different ballgame; Kind of like a huge endorsement of bitcoin and a simultaneous admittance that it can hurt them.
Every last person who is in the position to consider using bitcoin after a ban will come to the conclusion that it's in their best interest TO DO SO, if they feel they can get away with it.
Some sheeples won't, but the majority will, and you'll see that repealing amendment following closely behind them.
It seems pretty straightforward that 99.9% mainstream users have absolutely no advantage of switching to BTC.
Do you not believe that improvements can be made with time or something?
Are you like... Amish or something?
Here's a fun excersize for you; Head over to github and do some searches. Search for bitcoin, paypal, flappy bird, any any other phrase you can think of.
You'll find that the coders of planet earth are working on bitcoin infrastructure in more force than anything else on the planet right now. Twice as much as paypal.... 100x as much as google wallet.
Silicon valley is pumping more money into bitcoin than any other tech right now too. That goes double for Austin.
My point is that whatever you think you see as a tool for those 99% of ppl right now will look totally different in a few months. Facebook and google couldn't have existed in 1993, and neither can their bitcoin counterparts in 2014.
...Doesn't stop the visionaries & entrepreneurs from seeing the awesomeness of the blockchain, however. Ban bitcoin and you've effectively moved the majority of the venture capitalists & their money to to friendlier shores.
