Quote from: RachelManning1991 on November 18, 2013, 05:16:53 PM

Woahh.. What a large community here. I'm quite frankly new to cryptocurrency like many other people these days, and it has really made me think about currency in general and how it's "manipulated" by the government.

Well the thing is, after discovering "bitcoins" in general I've found some interviews with Jeff Berwick from The Dollar Vigilante. He's a anarcho-capitalist activist and also a quite successful man, but what I found interesting is all his "predictions" about the US government, the dollar and bitcoins (cryptocurrency).

Anyway I won't go on a big rant about these things, but I'd like to know what others in this community things about government regulations towards "paper-currency".

I personally don't have enough knowledge to fully give an opinion, but I think it's awesome that the "free community" have made a currency that can't be controlled by the US government. They are trying very hard, but I don't think they'll ever "destroy" cryptocurrency. As long as people want it, it'll exist.

*Also I'm not sure if this thread is created in the right category, sorry if it's not.

Yes, correct category; as a newbie, you're restricted here for the time being and anything goes in the Newbies sub.

There are very few here that will give a favorable opinion of any type of regulation, much less by an entity most popularly considered as ominous as the US government. I like to consider the relationship the government, and other private regulatory commissions, have had with the torrent network. In a direct P2P network, such as a torrent or BTC, there is very little adversaries can really do to eliminate the activity. Then consider what we are really dealing with is technology, and technology will expand to new territories and crash through barriers, painfully, maybe even dangerously, but will in one form or another establish itself.

My thoughts on the governmental stance toward BTC isn't as sour as many would make it to be. I think they have a much more favorable outlook than many think, however, the activity we've seen taken by US enforcement has been focused on compliance, rather than on the BTC protocol. It's my opinion that they realize they can't stop it, they know it could have some extraordinary benefits to the world populace at large, but they also know that if they don't inject themselves into the market properly, they will be crippled. "Who is going to pay us our money?!?1! ..I mean, pay taxes?"