Post
Topic
Board Bitcoin Discussion
Re: There will be blood.
by
foggyb
on 15/06/2011, 16:00:11 UTC
At that point demand for BTC will be reduced because of reduced liquidity

BTC will go way down in price

Hogwash. Look at drug prohibition and you will see this won't be the case.

Interesting parallel. Does it fly? Everyone can get high (but they don't), most people who do, enjoy it. Some MUST get high due to their addiction. However its not a socially acceptable practice in many circles, can have serious health risks, and there is always the threat of legality.

Everyone can use bitcoins (will they), and most people will enjoy using and spending them. Some MUST have bitcoins to get HIGH. ;^) Currently there are no serious social ramifications except for ridicule and scoffing (unless one counts losing GF due to spending entire budget on mining hardware). Currently there are no legal issues, although that could change overnight.