Quote from: Amph on June 22, 2015, 02:58:40 PM

Quote from: Valta Crypto on June 22, 2015, 02:27:23 PM

Quote from: GreenStox on June 22, 2015, 02:19:11 PM

Quote from: markj113 on June 22, 2015, 10:50:11 AM

Gold is supported by governments and rich individuals who like power and control.

Bitcoin at the moment in the big scheme of things is a small market cap minor distraction to these people. Should it start to grow to a point where the people above feel threatened or start to loose some power or control they will simply ban Bitcoin.

Some may say you cant ban bitcoin etc. but if the government do decide to ban it a large % of population will cease to use it preventing it becoming mainstream causing the price to crash.

Russia and China are buying gold as quick as they get their hands on it for a reason, the same cant be said for BTC

They cannot ban it anymore, i mean it has passed the "ban singularity" at this point the only thing they can do is to tax it or regulate it. Or atleast try doing those.

They cant ban it because more then 80.000 merchants use it, and we got a strong lobby community + politicians already ask "campaign donations" in bitcoin, so my impression is that they like Bitcoin, because anonymity is good for them too.

Anonymity? That's why there's cash. Bitcoin transactions are fully traceable.

yet it is not that easy as you think, to find the real owner of that particular address, also you need to do a very hard job, if the coin are well mixed, and you know that this isn't free for the government, if you elevate this to a greater order of magnitude(many people to track back)

then it could become really expensive to track them all

Yeah this is true, tracking down bitcoin and making it full untraceable is quite easy if you understand what you are doing and cover your tracks. Mixing properly and paying more than the flat .5% fee is a good step to take. If you don't know how to use the mixer, and take steps like this...yeah you can get tracked. Bitcoin is fully traceable as it sits on its own, but if you are taking the right steps, is very untraceable...and its why most hackers are never caught.