Quote from: wormbog on November 12, 2013, 09:35:39 PM

Quote from: DiamondCardz on November 12, 2013, 09:02:43 PM

It was like swagbucks. Comparing swagbucks to Bitcoin is extremely daft.

"global money that would challenge the worlds major currencies"
"beenz management and its legal teams had to meet with finance ministers across Europe to assure them that Beenz would be categorized as virtual points"

Ridiculous.

The centralization of Beenz is what killed it. They had to bend over backwards to try to keep the banks and governments happy. And while the banks initially seemed to be on board, mainly to keep from being called anti-competitive, they would never allow a system like Beenz to grow big enough to challenge their monopoly on money.

From this history I predict:

Banks and their allies will eventually declare war on Bitcoin, but it will not be an open declaration.

With no central organization to attack, the war will rely on propaganda and ever-tightening regulation designed to stifle legitimate use.

Bitcoin will enjoy varying levels of legality depending on the country it's used in.

Eventually the population will reach critical mass of acceptance and vote to deregulate.

OMG. Bitcoin isn't digital gold. Bitcoin is digital pot.

What hath you done?