Quote from: barbarousrelic on June 06, 2011, 09:12:05 PM

Quote from: SgtSpike on June 06, 2011, 06:17:50 PM

Quote from: barbarousrelic on June 06, 2011, 05:30:24 PM

There is no way the US government is going to promote a currency they can't manipulate. Not without a revolution.

If they create their own blockchain with their own rules, they can manipulate it all they want. That's my point.

If they are going to make it so a central authority can increase and decrease the money supply at will, there isn't much point to starting with the Bitcoin code, or being related to Bitcoin at all.

Except that it's a good way to have a secure electronic currency. But I suppose you're right - they'd probably just want to come up with their own things that is "bigger and better" than bitcoin in whatever ways they try to convince us it is...

Quote from: imanikin on June 06, 2011, 09:19:54 PM

The subject and the initial post are so full of the innate American arrogance, egotism and self-centeredness, that it looks like Astroturf to me. Cheesy

As in previous such threads, the premise seems to be that if the US bans, doesn't completely accept something, or competes against it, it's doomed to failure and obscurity...

So, i'll just restate the reality of this century, rather than the last one:

The US population is 4% of the world population.
It makes ~27% of the world GDP, last i looked.
It's broke and in debt for the foreseeable future. The numbers are staggering!
Even its own government commissions predict that it will face a fiscal and currency collapse within this decade, if not 2-5 years.
Its government isn't ready to do anything except bicker about it.

Yet, even in this forum, the arrogant, pathological, astroturfy American FUD continues to flow, regarding how anything Americans or the US government doesn't embrace is DOA... Cheesy

Maybe it's just a ploy to push the B price down a little to load up... Wink

Mmmm, you're completely right. I do keep forgetting about the rest of the world. Bitcoin can survive with or without the US. I guess I am thinking so US-centric because of the current state of our economy, and my constant fear of not having enough money to put food on the table.