Quote from: Hailong on July 31, 2013, 10:25:35 AM

Quote from: vokain on July 29, 2013, 10:37:43 AM

Quote from: Hailong on July 29, 2013, 10:28:59 AM

For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.

do countries use other countries' 'legal' decisions as precedence?

I am not sure about it. One thing is sure that any government does not want to lose their power of issuing currency. Big countries do not have to worry about it now.

People need to get back to precious metals. If they dont have those, switch back to the Barter system. Oh wait, then the Gov's have a hard time Taxing your hard earned money.
Whats needed (IMO) is a Credit system THAT IS TIED TO LIMITED PRECIOUS VALUBLES. If there is no limit on "how much is out there" then eventually majority of currencies will suffer Inflation.

Fuck, a chocolate bar already costs 40% more than what I remember it costing as a kid, And my rent has also gone up $400 since i started living here
While on the other hand, Bitcoin value just keeps going up.
So whats the problem? The Gov's cant Issue bitcoins.