Quote from: majamalu on March 25, 2015, 03:08:47 AM

Quote from: rocks on March 25, 2015, 01:55:59 AM

Quote from: majamalu on March 24, 2015, 06:44:15 AM

Quote from: rocks on March 24, 2015, 05:23:33 AM

Yesterday it was the same with gold, they didn't outlaw gold per se, instead they said you had to transfer gold to the gov who gave you an equivalent amount of dollars that were the same as gold, that they could now track within the banks.

Today it is the same with cash, they are not outlawing cash, but any amount or transaction above a nominal amount has to be kept in electronic form in bank accounts, enabling full tracking and ownership by the government, this is today. They could easily legislate this for bitcoin.

They were able to introduce paper dollars because these are, in many ways, better than gold coins; then they were able to introduce electronic dollars because these are, in many ways, better than paper dollars. But this works as long as the new system reduces friction in payments. Now the game is over.

Agree with you, that is why I am here and invested. But I'd characterize bitcoin as "having a fighting chance" because the system reduces friction, not that "the game is over". It will be a long battle, and they haven't even started to use the various tools at their disposal.

If they didn't destroy Bitcoin is not because they never wanted to, but because they can't. Look at what they did to centralized monetary systems far smaller than Bitcoin.

My guess is they are silently migrating their own wealth to Bitcoin before full legalization. But you are right: there's no way to know for sure.

sometimes it's hard for ppl to recognize that which sits right before their very faces. step back and look to those far corners of the Earth where Bitcoin has spread.