Quote from: olazet1993 on December 11, 2017, 01:46:53 PM

Bitcoin are anonymous and freedom and goverments don't like those features.

imo it is so new that legislation is running behind. Legislation is the usual means of control. The law is, as Bastiat concisely said, legislated force. If the law fails, then it is back to good old fashioned grift and violence.

If they cant mooch the golden eggs, they will roast the golden goose for dinner.

Also, right now, clearly money is pouring into cryptos and it is a new frontier. We know this even here, as there are many posters from all over the world who hope to create a new situation of wealth for themselves and their families.

This is truly a new development.

Governments will have to be advised by people that understand what is happening and that requires a set of new skills. Government just isnt in a situation to adapt that quicky.

Bitcoin is only the beginning, but given its historical role, also as entrepot to other cryptos, especially given time to confirmation, it is going to continue to rise. It is more like gold, old money, even though it is not even ten years old.

Governments care not much about this sort of thing, as long as they get their cut.

What is really interesting is bitcoin was created as government and banking elites prepared themselves to go fully digital and make all depositors become unsecured creditors to fiat banks, ie directly steal from depositors! As if debt and inflation was not eniugh, they are so greedy!

A truly anonymous, decentralised, low to no fee model of exchange is an obvious choice to confront them with, but we are not quite there yet. For now, we live in a remarkable historical moment.