Quote from: iamnotback on February 22, 2017, 05:19:04 AM

Bitcoin can't be regulated without a total order of government in the world. And that isn't coming in the next year. By the time TPTB get their NWO one-world government system cooperation in place, Bitcoin will have already served its role as the onramp to unregulated decentralization technology innovation.

I used to think that too, and I still think it, in fact. But I realized that bitcoin is not going to be *regulated* in an open, legal way. There won't be radical prohibitions on bitcoin. There will be laws that will make it look like bitcoin is legally accepted "within a certain reasonable legal framework", which is just enough for authorities to intervene against players that annoy them, and let the big crowds flock to bitcoin in a legal, law-abiding way. But behind the scenes, these deep state agents will in fact *put their hands on the bitcoin market* by owning a lot of it, but mainly, by telling the main (centralized) actors how to behave so that it suits them. The only thing TPTB are in fact interested in, are pumping value into their way ; if people get a false sense of liberty by playing on an "illegal" (but permitted) gambling site, or by "trading wildly" on an "illegal" (but permitted) exchange, then they are just the kind of meat they need.

However, if ever an evolution happens that brings their controlling scheme into difficulty, they will use the law to hit the actors of that evolution hard, OR to force those actors into their scheme of things.

In other words, they will not fight bitcoin, they will use it against us.

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China and others make a lot of noise about regulation, but as you see they all end up caving in and realizing they can't regulate private keys. Even if China monopolizes the mining, they can't blacklist private keys without destroying Bitcoin and forcing a new altcoin to rise to take its place. Bitcoin is far too small (compared the $trillions flow of FX capital flow in China) for China to attempt such a scorched earth policy on mining at this time (and they would likely fail just causing the rest of the world to blacklist China's mining pools or a fork changing the hash causing all China's mining farm investments to become useless overnight).

This is why they won't do this in an obvious, visible and abrupt way. They will OWN bitcoin, instead of fighting it.

Like gold wasn't outlawed, but owned. Like banking is now owned (banks are now nothing else but privately financed state agencies who have to cooperate or else...). Bitcoin will be owned, if it isn't already. We simply won't see it. Bitcoin's open ledger is also a dream of a source of information, if you can cross it with other information only state agencies can possess. They don't even need to ask. For fiat, the bank still has to transmit the data. With bitcoin, they have it.