Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Just had an interesting discussion about bitcoin with a guy I just met. Fascinating. He's well versed and seems to get it fully, yet thinks governments won't allow it. No "oh, you out smarted us!" or such. He may be right. Yet he acknowledged it couldn't be shut down, just outlawed.
Who else is ok with bitcoin being "just" an underground thing, eh?
Who else is ok with bitcoin being "just" an underground thing, eh?
if thats the case say goodbye to exponential growth. we'd see no new money and have people leave altogether. I would. The main reason i like bitcoin is due to its growth potential. Its cool it can be used to buy drugs anonymously(kind of) and it could still retain that use, but the demand for it would plummet and as a basic economic principle price would follow
Oh, completely true. It would certainly never reach the 100k level or such. But there's a lot of head room, in theory, between here and there. Or I'm delusional and outlawing would be a death knell.
Also, nah, he was a techy type, not financial or government.