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?
I tend to agree with him.
As much as I would like to see crypto be the catalyst for a new, fairer economic system I think the 'fiat is dead' crowd is somewhat deluded. Power traditionally comes from the point of a knife/barrel of a gun and the idea that govts will just let their economic authority be undermined flies in the face of human history.
Of course, what has happened in Germany, with BTC adoption there, is a counter for this argument.
It will boil down to "what's in it for us" and "can we control it". If the current global hegemony can continue their control, they will let the masses use fava beans for currency for all they care.
Well said. I hope we can have a nice chianti with our deva beans. I altho hope I spelled that right.