Quote from: Joebobb69 on February 01, 2018, 03:05:38 PM

Quote from: CHENG90 on February 01, 2018, 12:13:51 PM

I think most governments oppose Crypto initially due to the scale of the change that it will bring, nobody likes change especially when the control is taken from them! I think that all of us in this forum and anyone involved in Crypto agree that it is the future (in 2,5,10 or 15 years we will be saying 'remember that FIAT money bullsh*t'). I hope that the UK is one of the first to begin accepting Crypto as something that's not going to go away and the sooner they welcome it the better chance they have to benefit themselves from the growth as others take on the challenge.

I also think that the bans, sanctions and regulations that try to be put in place against Crypto are more of a knee-jerk reaction to power being taken from them and a temporary action to try buy time. Governments only want control, if something is out of their control then it must be stopped (in their narrow minded heads). So we can expect that it's going to happen, all we can do as Investors/Hodlers/Traders/Enthusiasts is ride the storm and wait for the sunshine Cheesy

It's posts like this that make the rest of us laugh. Millenials think that just because Bitcoin is new and digital, that it's going to change the world and the rest of us just don't understand it. Did it ever once occur to you that maybe YOU'RE the one that doesn't understand? Fiat money going away? That's absurd. You obviously know absolutely nothing about finance, economics, or financial markets. Maybe I'm being harsh, but sometimes you just have to slap people in the face to get their attention.

It's possible that Bitcoin may indeed play a role in the economy of the future, but it will be a much different role than what you're currently envisioning. It can't replace fiat money because a currency with a fixed amount is deflationary, and therefor cannot possibly work in a growing economy. There's a dozen other reasons that I won't bother going into, but I would suggest you do some REAL research on finance and monetary systems and stop listening to your friends. They don't know any more than you do. Good luck.

Laugh all you want, doesn't change my opinion. Millenials?? How old am I then?

It is going to change the world you absolute goon, do a bit of your own research and you will see the potential not only to change the way we see money but much more, I'm not going to waste my time trying to explain my point, just go and find out for yourslef and decide whether to believe in it

I know nothing about finance then, okayyyyyyy

you need to reconsider when posting and quoting people, you can't tell me what I know and don't know, because you know nothing about me!