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re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)

Posted on 1/9/14 at 8:32 pm to
Posted by LSURussian
Member since Feb 2005
127112 posts
Posted on 1/9/14 at 8:32 pm to
quote:

I think it's the lack of hard resources. The ASIC miner's that are used for Bitcoin mining are very expensive and even harder obtain

Sorry, but the one thing the govt of China & the US has is resources. China could set up its own production plant just to manufacture the equipment needed.
Posted by brucevilanch
Fort Worth, Tejas
Member since May 2011
24334 posts
Posted on 1/9/14 at 9:13 pm to
quote:

Sorry, but the one thing the govt of China & the US has is resources. China could set up its own production plant just to manufacture the equipment needed.


Oh of course, but that was what my last point was on that post. Why would they go through that much trouble and money to do something about a problem that really isn't that big of a deal? Would the money from the tax dollars that they would be losing in BTC be equal to or greater than the amount of money spent to destroy BTC? I mean let's be real, the only threat the government's may face is that of them not getting their cut. I'm thinking from more of the US side of things and understand that it's an outlet for the Chinese that allows them a little more freedom than their government wants them to have.

Disclaimer: I don't have anything emotionally invested in BTC. I'm not a believer in it and I would never invest actual money into it. I do, however, make money from it, but it could disappear tomorrow and it wouldn't affect me at all.
This post was edited on 1/9/14 at 9:22 pm
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