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Board Beginners & Help
Re: What could really stop bitcoin now?
by
taltamir
on 20/02/2013, 19:59:32 UTC
- Blockchain.info being raided for mixing service, logs sized
I thought bitcoin was a distributed p2p network exactly to prevent such a thing

If any first-world government decides to flex their legal muscles to shut down exchanges, that will kill off the adoption rate and at the very least cause bitcoin usage to stagnate.

This seems like its just a matter of time considering they have cracked down on any alternative currency in the past.
What can bitcoin do to survive in such a state?

That's an issue that affects more than just Bitcoin Grin  But I agree.  It's more so, people allowing their governments full control over every aspect of their lives that the first-worlders can just say "Bitcoin supports terrorism" and anyone without half their brain functioning (not uncommon in Murica) would destroy any BTC they had and preach the message to their peers.
Name a country where this isn't common (ugh, double negatives!)