Post
Topic
Board Bitcoin Discussion
Re: The Warrant against Dwolla and Bitcoin: The Beginning of the End of Bitcoin
by
Severian
on 15/05/2013, 17:58:13 UTC
The same arguments were made at the birth of the internet, but technology won the day. Bitcoin is similarly strong, and we'll end up with regulated and non-anonymous exchange points and large services, which is fine. The promise of bitcoin for most people (in the West) is reduction of fees and transactional friction, and a store-of-value; eg, Gold 2.0.

I share your faith in Bitcoin's fundamentals over the power of government. I guess my point is that Bitcoin represents the ultimate threat to the banks the support the government and they'll pull all the stops in order to protect their interests. If they can convince their security droids in their various policing agencies that Bitcoin is a threat, it will get weird and ugly before it gets better.