Post
Topic
Board Bitcoin Discussion
Re: bitcoin intrusion in your life
by
Lupus_Yonderboy
on 02/06/2011, 13:01:21 UTC
...fuck the other guy I got mine.

Thus summing up the entire Libertarian philosophy pretty succinctly. Libertarians are a minority in the US, outside the US they are irrelevant. One of the more successful attack vectors within the US will be to link Bitcoins to Libertarians (and other fringe groups), thus making it the "currency of teh crazy".

I do find all the anti-government early adopter types pretty amusing in their hypocrisy as well. The guys with many thousands of Bitcoins who jump on anyone who suggests another block chain or Bitcoin 2.0, etc...If these guys are so against giving up their meager wealth in Bitcoins, how do you think those who have far more in fiat currency are going to react? The ones who really do have their hands on the levers of power and use them daily. Do you honestly think they are going to idly sit by and let you start a new currency on them and make their holdings worthless?

Bitcoin will not get wide acceptance in the world, because if it begins to, the powers that be will come down on it hard with massive PR campaigns that will tie it to child molesters, drug cartels, and fringe militia groups. They will also liberally apply money laundering laws as well. Exchanges will always be a central point of failure, and quite frankly there is no place on this earth you can operate an electronic exchange that has enough liquidity that the US Government or its allies cannot reach.

Me? I'm just along for the ride, mining away and taking as much of these Libertarians' money as I possibly can. They've already paid for my 14 new rigs, and are doing a fine job of paying for the remodel of my house. Bitcoins could go to $.25 and be made illegal in every industrialized country of the world and I would still come out way ahead.