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Quote from: mindrust on October 01, 2016, 08:52:50 AM

You are probably aware of the recent news about removing the fiat money for good and building up the cashless world.

Have you thought that bitcoin maybe the first step of this utopia? What if CIA behind this project? Would you still keep your money as bitcoins? Would you trust them? Do we know who the hell is Satoshi Nakamoto? I suure don't.

There is one big danger ahead. If the paper money gets removed, you will have no choice but to accept to get paid in crypto currencies. And to the big point:

If you keep your money in a goddamn computer, the government can rip you off instantly if they wanted it. I am not saying they aren't doing that already as most of us are keeping *our wealth in the banks. But cryptos will make their jobs easier. Much easier.

What if bitcoin price rises to 1.000.000$ and gold and USD become literally worthless? That's when bitcoin will be the world currency, and people gonna realise that gold is just a stone, USD is just a toilet paper.

Your won't have another choice but to store your money only in crypto, because the other choices will be worthless!

I am not sure if that's a good thing. Being dependent so much on computers just scares me.

For me, there's nothing to worry if they remove fiat money and build up the cashless world.Many countries do not use money instead they were carrying their debit or credit cards. I don't think the CIA is behind this project, no one knows. But before they remove the fiat money, the government and the banks, they would not let it happen.

The government is the first enemy of the crypto currency. It will not allow its introduction into the economy. After all, the government will not be able to control transactions and get benefits from them.

It's no secret that the government will never agree that to happen, they know cryptocurrency is dangerous and if they allow that to happen then they would be difficult to collect taxes from citizens.

I think that government will find the way how to control cryptocurrency transactions and get taxes in the future. And I am sure that when they find such way, the government will be the first friend of the cryptocurrency

They can always impose taxes on exchanges in the local scene or taxes on the use of it. That way every time people exchange their bitcoins into fiat or vice versa, the goverments will have a cut in that trade. It's not that hard to control it even if bitcoin has all these features. Like money, you can always have deals that you don't declare. Its just the same with bitcoins. However, if you don't declare your income properly and you are living a life that is not proportionate to your income then they can investigate you

I don't think that it is that easy as you think

Bitcoin exchanges are mostly online businesses nowadays (if fact, they were always like that) and most that a local government can do to them is to block access to their site. This is what Russian authorities did in respect to Btc-e and Exmo exchanges (most popular Bitcoin exchanges between Russian Bitcoin users). The exchanges just registered another name for their domain (and most likely not a single one, for future use) and thus all efforts to block these sites failed miserably. It is really hard to fight with something which exists only in cyberspace