Quote from: RodeoX on May 29, 2015, 05:29:15 PM

Quote from: Fakhoury on May 28, 2015, 09:31:15 PM

Quote from: RodeoX on May 28, 2015, 09:16:58 PM

Quote from: gentlemand on May 28, 2015, 09:09:24 PM

Quote from: RodeoX on May 28, 2015, 09:05:36 PM

There may be governments that will be threatened by BTC in the future and they may want to control or destroy bitcoin. However no one has shown me how they could do it. That is the power of open-source distributed computing. There is no point to attack. My computer could be attacked and taken offline, but there are tens of thousands of such computers across the world. Going after them would cost many millions of dollars and would likely have a tiny effect. It's just not logical for governments to act in this way.

All they gotta do is strangle the on and off ramps for fiat. That could be implemented tomorrow with very little expense.

There will always be a hard core of users and loops will gradually close, but it will always need to interact with fiat in some way for many.

It wouldn't be end of it, but it would suddenly become a lot less useful to the majority.

I agree. Some would still use it in a country that bans all sales of bitcoin, but it would hurt. Just as it has hurt the sale of marijuana. It did not stop people from smoking it, but made it harder. To hurt bitcoin globally would require the cooperation of many nations working together on this. They would also have to have a legal justification. Here in the U.S. that would be very hard. Perhaps in dictatorships the ruler would just decide? I see no legal justification in our laws. (not that I'm a lawyer)

Why it would be difficult in the U.S. to ban Bitcoin ?

Banning it would require a legal rational. I don't see one. Early in the project there was some concern that bitcoin could be treated like a physical metal coin. Since then it has been legally defined and is now an asset subject to capitol gains. It would be very hard to walk that back in the face of hundreds of millions of dollars in venture capitol.

Quote from: kwukduck on May 28, 2015, 11:39:05 PM

Quote from: RodeoX on May 28, 2015, 08:42:33 PM

I'm afraid we could. It becomes ~~less~~ more likely each day,

Fixed that for you... Look at the charts and see a ship that's sinking... there is no 'big recovery' or 'tothemoon'.

Na, I've been here since 2010 and it has never looked so good. I live off them now. For me the battle is over.

What battle is over and how ?