Quote from: HarHarHar9965 on August 28, 2015, 04:36:59 PM

Quote from: freeyourmind on August 27, 2015, 10:18:24 PM

Quote from: Gyfts on August 25, 2015, 10:09:20 PM

Quote from: misterycoins on July 31, 2015, 11:40:50 PM

Bitcoins will be hard for them to stop without shutting down the entire internet. Should a government act against bitcoin, it would drive the price through the roof.

The government of first world countries would never want their beloved currency to go to waste. They are already acting against it. They can't fully go through with it, however. It's a decentralized currency. The only possible outlet they have is putting place laws and regulation that make it harder to obtain or trade. NYC bitcoin LBC exchanges have pretty much been banned because you need a license (which is hard to obtain) in order to purchase/trade bitcoin. I wouldn't be surprised if more came.

I think there is a lot more difficulty in trading bitcoin with a fiat currency, as the fiat part can be tracked without too much trouble, and as long as financial institutions/banks carry out the government's will, it can make it a chore to trade. What is very difficult to control however, would be bitcoin being used to buy and sell actual goods and services. It is very effective at doing that, whether the government chooses to act against it or not. In fact if they choose to be against it, then they will force bitcoin users to operate outside of the law, and that means that they won't be able to capture any tax revenue from sales.

I don't think so it is as easy to track where the fiat is coming from, when you are tracking it without knowing the owner, however it might be a different case if a bank is trying to find out

In order to completely get myself anonymous, I lent some btc and even earned bitcoin from scratch, paid my crypto dues, made my own money and basically I am anonymous to the world rn, don't think so I can be tracked so easily.

I'm talking about trading...where you exchange fiat for bitcoin or vise versa, for profit. You and many other people including myself have bitcoin which are off the grid from fiat, but we are not trading against fiat and it lowers the liquidity of bitcoin. I consider this to be a barrier for bitcoin at the moment. It should be as easy as a normal foreign exchange transaction.