Quote from: alpha492 on October 10, 2013, 08:17:12 PM

Quote from: b!z on October 07, 2013, 01:05:54 PM

Quote from: alpha492 on October 07, 2013, 12:57:14 PM

IMO

Gov. Regulation of BTC + No SR = Death of BTC

Really if the gov. starts fiddling around with BTC why not just go back to USD, wtf would be the difference at all?

Would you rather have the government ban BTC?

No I'd probably just move to a different cryptocurrency, that's the beauty of it cryptocurrency is a moving target, bitcoins just the most popular. The minute I hear the government is playing around trying to pass some kind of bitcoin related legislation I'm dumping everything into FTC LTC and WDC.

this is one of my big defenses of alt currency. it keeps crypto extremely fluid. If the gov goes after btc blockchain you can switch to ltc blockchain fairly painlessly, then if they go after ltc blockchain you can go back to bitcoin or on to namecoins or whatever. This is just a theory tho based on the current ease of exchange between btc and alt currency.
at the end of the day history has shown that governments as large and corrupt as the us government fail at more and more things until they ultimately collapse. The idea that they could provide positive benefits to a system intentionally designed to not need their help is a bit naive.