Quote from: virtualmaster on April 01, 2013, 06:37:57 PM

Anything can happen. It is still a beta technology.
But it is a good idea and many people believe in it.
And even more people need something like bitcoin because:
- why should people be treated like criminals if they cross a border and take their own money ?
- why should corrupt politicians take your money to found their luxurious life or to start wars against other nations ?

Because it would reveal how banks work, how banks would be utterly ruined if everyone ran out with their stash of cash.
The fractional reserve banking system would be exposed, even if Bâle agreements are trying hard to put some more regulation in this, it's still not enough overall because most of banks do not even respect the earlier Bâle agreements.
My country is getting ruined by extreme socialism and the cult of debt and deficits, we are next on the list.
Cyprus is a laboratory to experiment a withdrawal from the eurozone but this is what will happen for all of Europe, the euro is unsustainable for the simple reason that it cannot be governed by several different sovereign states, the only way for the euro to survive long-term is to create the United States of Europe and federalize all its member states, there can't be an in-between unless Brussels starts forcing all states to respect proper budgetary expenses... oh wait that's what they're doing but it's not going to last so long.
Bitcoin is a good idea to protect our own capital from the government however the government could very well block the protocol, you know when there's money in play they do whatever it takes to take control of it.