Quote from: Ultraviolet on May 28, 2013, 09:05:45 PM

Quote from: adamstgBit on May 28, 2013, 08:55:21 PM

so far the ~~US government~~ team america world police has reacted well, I don't think they will outright outlaw bitcoin or else the news from FINCEN and Homeland security would have had a different tone. all they seem to care about is regulating the cash flow in and out of bitcoin, its more then likely this is all they will ever do. Other governments have reacted with much more open arms, a few months ago finland government said bitcoin is A OK and not subject to regulation, the canadian government recently came out and said the same thing.

Thinking that the Government is okay with Bitcoin is not very wise. The only reason that Bitcoin is a high risk investment, in my opinion, is the huge risk of getting black swaned by authorities at one point or another. As Bitcoin grows more and more popular it will attract more and more attention from lobbyists. Lobbyists pay politicians in exchange for laws in favour of their position being passed.

Dreams of $1,000/BTC coming to fruition are totally in vain if Bitcoin can't establish itself in the cultural mainstream. Those who control society will simply suffocate the exchange of fiat for BTC if that condition can't be met, and Bitcoin will never, ever become a standalone currency without going through a period wherein its value is established in relation to fiat for the simple reason that you can't live on BTC itself right now or any point in the short/medium future.

governments have already come out and said bitcoin was ok