Ninjastic
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Board Bitcoin Discussion
Re: Will Bitcoin take over the world and drive most of the commerce worldwide?
by
Patatas
on 08/02/2018, 19:09:01 UTC
Quote from: fabianji on February 08, 2018, 01:59:46 PM
Do you believe that take over the world?
Do you believe that Bitcoin will drive most of the world's commerce?
No.I don't mean to sound like an anti-bitcoin protester but the governments will never allow something like bitcoin to take over their economy.What more can you do if all the world's governments decide to put a ban on the usage of cryptos ? They wouldn't exist.The market will be too small for anonymously operated currencies.

Quote from: fabianji on February 08, 2018, 01:59:46 PM
Silicon Valley legendary venture capitalist Tim Draper certainly thinks so and talks about it in the latest interview in Forbes Magazine.

I certainly agree with Draper, why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces.

https://www.forbes.com/sites/nathanvardi/2018/02/07/silicon-valley-legend-tim-draper-bitcoin-and-crypto-will-take-over-the-world/
Because Taxes.Never heard anybody paying taxes on their amounts earned from crypto.If it continues,government will put a stop to it at some point because they wouldn't be able to drive economies without taxes.Crypto is just a small part of the revolution,you need mass adoption to shake the government policies.