Quote from: Ismay on February 28, 2017, 07:23:37 PM

Quote from: deisik on February 28, 2017, 06:23:43 PM

Quote from: Harlot on February 28, 2017, 10:59:31 AM

Quote from: Kasplant on February 28, 2017, 10:44:00 AM

Quote from: Huobi-USD on July 29, 2015, 07:13:36 AM

Coinbase CEO believes bitcoin will replace dollar within 15 years.

Read the following news:
http://cointelegraph.com/news/114983/coinbase-ceo-bitcoin-will-replace-dollar-within-15-years

Do you think it will be true? Are you positive towards bitcoin's future status?

I don't think that it will ever be possible to replace the dollar because the government won't let the dollar be replaced completely. They will find someway against the Bitcoin.
And I am very positive towards the future of the Bitcoin because it keeps growing in worth and the community keeps getting bigger.

Or they will still continue on there Daily operations without even worrying about Bitcoin. When you are talking about Bitcoin it is like you are seeing it as almost a threat to everything, but what you did not know is that Bitcoin can be controlled by the government as much as they want too. The government can even make a law to make Bitcoin addresses be identified to each users therefore making money laundering hard. A country's currency will not be ever replace by a foreign currency. Cry

They cannot outlaw the law of gravity

In the same manner, they cannot outlaw Bitcoin. Indeed, they can adopt a law that will be set to prohibit Bitcoin possession, but how are they going to enforce such a law? People will continue to use it secretly. Today, when the world has become a tight place, such laws are nor very implementable overall, and that seems to be the main reason why most governments abstain from outright banning Bitcoin. Even communist China is set to drive Bitcoin down by indirect or even underhanded ways and approaches (but it still doesn't work)

The bitcoin can be regulated, but not outlawed

They will fail to directly regulate Bitcoin

Being able to regulate Bitcoin essentially means control, but banning or outlawing something is just a possible outcome of such control. In practice, they can try to regulate Bitcoin ins and outs, i.e. exchanges and web wallets, i.e. places where fiat money turns into cryptomoney (and vice versa). That's basically what we have seen the Chinese authorities did, or, rather, tried to do since after their interference Bitcoin started to shoot up like a weed. I suspect this is not quite what they had expected or aimed to achieve