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re: It’s time to revisit Bitcoin potential. Where do you think it’s going?
Posted on 2/12/21 at 7:29 am to Ross
Posted on 2/12/21 at 7:29 am to Ross
quote:
I think it’s a losing fight. You gonna go around tearing down peoples houses to find a glorified flash drive? They don’t have the resources or ability to enforce anything like that at scale if there is a mainstream adoption of cryptos without taking out the entire internet; and personally I think there is and will be more than enough demand for cryptos even in a black market environment. The exchanges may have to move offshore or you’d need to use different exchanges but as long as the demand is there making it illegal may only serve to make it more valuable.
Ultimately all “bans” or prohibitions fail if people want to continue using something. But the timeframe from the govt attempting to exert control until it relinquishes it can be very long. Look back at the control the US exerted over gold ownership and gold prices for almost a half century.
Posted on 2/12/21 at 7:49 am to Dawgfanman
quote:
Ultimately all “bans” or prohibitions fail if people want to continue using something. But the timeframe from the govt attempting to exert control until it relinquishes it can be very long. Look back at the control the US exerted over gold ownership and gold prices for almost a half century.
I think they’ll find cryptos much harder to confiscate and regulate than gold.
The market is moving away from fiat. They can either get with the program or go down in history alongside dinosaurs
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