Re: The Future of Money?

Actually they can pre-mine the coin and well, if they are creating a coin, for sure they will make things like put your name on the wallet and track all your transactions, don't matter how the future will be, for sure the government will regule your life and you will have to pay taxes.

Exactly, no government would accept a currency as their own if they have no access on it at all, if bitcoin is legalized it would probably be an alternative currency but the main currency of a country always be the ones that is in control of government.

Yeah it's going to be regulated and controlled by goverments if ever it becomes mainstream and bitcoin may have a lot of changes by then. But i think fiat would still be the one in control of the market. I think it hold is too firm on people that some may have a hard time moving to an alternative

I think the governments will not regulate the bitcoin itself. They will only regulate the ownership of the bitcoin.

Well they will have the control for regulation if they are going to look for Satoshi and ask him to make the control to turn over to the government. But I don't think this is not going to happen as the bitcoin has already an automatic system where basing on the supply and demand of the bitcoin. They will just make bitcoin as 2nd currency.

They would want Satohsi not for his ability to turn over control, but for his ability to convince enough people to turn over control voluntarily, making it look less and less like a police-state action and more like a "legitimate venture/request".While this would be met with a fair amount of backlash, a government having Satoshi under their thumb would be a pretty big plus in the event Bitcoin ever became something noticeable.

I would not want to compromise the original system of bitcoin, and I think we do not need the government to succeed because as you can see we are improving now as a community an as for the economy of bitcoin as a whole. When you merge it with the government, the government will not allow us to control them but the opposite way, and we do not like that since our freedom will be gone.