Post
Topic
Board Service Discussion
Re: Official Gox / CoinLab Integration and Transition FAQ
by
tvbcof
on 05/03/2013, 02:01:17 UTC
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Further while BTC/CRYPTO is miniscule CNY has diversified already to a breadbasket of currency, and are looking for every potential lever it can to quietly unload USD...pretty hard to do when you have X Trillion...but look at what btc/ripple may do....this will not be lost on CNY and they may even actively back it just in case it works out to get big enough...even if it remains small it will provide the more "important" government offices a means to diversify their interests.....
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Talk about the 'audacity of hope.'  I'm not holding my breath for that one, but wouldn't it be cool!

In the here and now I think it does make sense to consider geopolitical competitions and how crypto-currencies might exploit them for protection and growth.  But at the end of the day, no government is really going to be very fond of them in the form which appeals to most of us so I continue to believe that a plan for out to deal with pretty full global animosity toward the solution is worth putting some thought into.

The Bitcoin Foundation and Mt.Gox/CoinLabs are well positioned to make nice with the Western powers and this will provide a huge propaganda value among other advantages.  So I hope they continue in this track and have the best of luck for as long as possible.  I also hope that we don't evolve to a point where the existence of the Bitcoin solution is predicated on acceptance by the Western powers whether it be friendly or passive.  If this happens I strongly suspect that it will be because the solution is being leveraged for the surveillance opportunities it presents.

I'm done spamming this thread, but would look forward to an OP which focuses on geopolitical considerations.