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re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/9/14 at 9:13 pm to LSURussian
Posted on 1/9/14 at 9:13 pm to LSURussian
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
Posted on 1/9/14 at 10:23 pm to brucevilanch
quote:
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
They won't as long as a government does not consider btc to be a threat to its sovereignty or its monetary system.
Of course, many btc true believers are attracted to btc for those very reasons. Wiki has repeatedly written that bitcoin will overthrow governments, or something to that effect.
Now that I have learned about the btc 51% self destruct mechanism, I now know bitcoin will exist only as long as it is viewed as a harmless internet fad.
This post was edited on 1/9/14 at 10:24 pm
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