Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Oh boy, I'm really waiting for some agency/government to try to "ban" Bitcoin. But I guess they are not *that* stupid.
You realise that it will negatively affect price, at least in short term?
Probably short term. But not mid-term, or long-term. Everything illegal comes with a premium.
Then, Bitcoin was designed to resist bans. Both the protocol and its creator analyzed a "government ban" situation and prepared for it (why do you think Satoshi is a pseudonym, he always used Tor, and never left traces of who he really was?).
This experiment needs to be fully tested. I don't know if ay government is going to be so stupid to ban Bitcoin, but if they do they will make it stronger, because was designed with that it mind.
Short term price is irrelevant in the grand scheme of things. Some of us are not here for the quick buck.
But we all know how much was bitcoin when it was used only for illegal purposes and not for speculation like today. I would like to hear your opinion on what will happen with bitcoin if it will be illegal to run a bitcoin exchange? Of course TOR-based exchanges could appear, but big money would be gone.
He and some other people here think it is impossible to stop Bitcoin and nothing can hurt it.
As soon as the banks aren't allowed to deal with Bitcoin anymore then it's game over. There will be nothing else left besides in person trading which 90% of the people won't do.
The funny thing is he will probably still act as if it's a good thing and buy 1000's of coins worth 10 cent each while telling everyone here that nothing can take Bitcoin down.