Quote from: Vishnu.Reang on June 23, 2017, 11:41:01 AM

Quote from: Kateryna_Oli on June 23, 2017, 08:59:33 AM

Of course, it will rise!
Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry. Tongue

It is not going to bring down the governments. But it can bring down at last some of the major banks and companies such as Visa, Mastercard, and PayPal. I admit that it is still too early to dream about Bitcoin dominating the world, but if we can achieve this much in such a short period of time, then nothing will be impossible within a decade or two

I tend to disagree with this view, at least, conceptually

It is unlikely that Bitcoin is going to bring down any major government out there, but let's not forget that there are still quite a few corrupted and weak governments in the world (like those of Zimbabwe or Venezuela), and Bitcoin can be one of the causes of their eventual fall and collapse. After all, fiat is one of the tools via which the government can control population (for example, they can easily block the accounts of people who are in opposition to the government), and Bitcoin essentially pulls this tool from the government grip, thereby making the government more susceptible to an overthrow and downfall