Quote from: r0ach on February 22, 2017, 09:25:05 PM

Quote from: iamnotback on February 22, 2017, 05:22:50 AM

Bitcoin will have already served its role as the onramp to unregulated decentralization technology innovation.

Any non-fungible cryptocurrency with white and black lists is a permissioned ledger by default. As I said before, the govt is going to create an alias system wrapper that goes around bitcoin and force everyone to use it by law or be considered a criminal launderer. They will then eventually do the old switcharoo and divorce the alias system tokens away from representing bitcoin into being IMF coin or something. It's far more likely the govt co-opts bitcoin and turns it into the cashless society slave system rather than it acting as an "on-ramp" to freedom.

It's plain as day to see what's going to happen with laws like this coming out in Japan:

"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"

This means govt is the legal arbitrator of forks. The US, UK, and EU will hold a meeting and all collude saying only the fork with chain anchor or worse is the real bitcoin! Since they can easily control the exchanges and mining pools, people will be forced to use that fork or have their coins become worthless. The only reason bitcoin isn't illegal is because they know how easy it is to co-opt and morph it into their cashless society control grid.

Implausible when we will have anonymity on microtransactions. My conjecture is the governments can't afford to spend $1000s tracking down every $0.0001 transaction.

Although we will never have absolute iron-clad anonymity, since most people won't be doing anything illegal (e.g. sending an automated $0.0001 microtransaction when they click read a blog or listen to some music) and the coming Internet I am going to create will run on microtransactions, the governments won't be able to outlaw microtransactions. Will simply be too essential to the economy and popular to outlaw.

And privacy is important to everyone. Who wants the government snooping in your legal private affairs. We know that TSA agents were caught masturbating to the naked images from their airport body scanners.