Quote from: mobodick on July 08, 2013, 08:41:11 PM

Quote from: Rassah on July 08, 2013, 07:50:37 PM

Interesting. We, market invents this crazy digital currency, this market gets so big that it at tracks hackers, criminals, tricksters, and scammers, including many ponzi scheme operators, there was a public outcry when things went really bad and ponzi schemes collapsed like dominos, yet no one stepped in to regulate it. So, is Bitcoin dead now? Is it continuing to exist in an unregulated way? What happened that it doesn't seem to want to follow your method?

Eeh, haven't you noticed everyone wants to regulate cryptos these days?
But bitcoin is not FIAT so will be regulated a lot less. FIATs are at the core of all western society so they requires a lot of failsafes. If a FIAT goes down all basic stuff around it goes down. If bitcoin goes down nobody really cares. Not on the scale of the world, anyway.

FIAT will go down, eventually, as there is too much opportunity for corruption at the hands of the state and central bankers. Precious metals, on the other hand, will probably never go down.
Also, because bitcoin is distributed, and does not require central banks/servers, the only way to regulate it would be yet more coercive steps by states, like banning heavy encryption, certain software, etc. The enforcement would necessitate some rather totalitarian measures.