Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
It worries me to a certain degree that there doesn't appear to be a steady growth of services and stores accepting bitcoins.
So what?
I agree. I think many idealists were hoping that Bitcoin would have a very grassroots community based adoption proceeding to rise and change the economy around them. Besides we early adopters who were willing to take a crazy idea serious, I really don't see this happening. Corporations and global transactional business are going to take Bitcoin and run with it, simply because it works better, faster and cheaper. Other business will have to adopt or get left behind. Most of the populace of the world puts trust in products that backed by large corporations, they will respond to advertising. Bitcoin will trickle down to the common people in this way.
I think the government, or at least those that are directing them, have already shown their hand. The FinCen "guidance" was like getting let into a club because you know the bouncers. They want Bitcoin and going forward it is not a question of if BTC survives or not, it is rather who gets control over it, whether they can co-opt it. It is just too close to a digital currency that could be used to track people and it is also close to one (with plug-ins) that can keep people anonymous.
I am pretty sure though that they are underestimating all that it is going to be. It is a Black Swan and Anti-Fragile (See my sig.)
If BTC (and it's technology) has not profoundly SHOCKED you yet, then you don't understand it.
