Quote from: Mylon on December 27, 2013, 10:56:16 PM

Quote from: start the art on December 27, 2013, 10:41:24 PM

Quote from: Nagato on December 27, 2013, 03:16:56 PM

Instead of calling contributors to your thread fools, why don't you go study history and quote 1 example of a power being successful in stopping the adoption of a technology they did not like?

http://www.youtube.com/watch?v=oKmYqUSDch8

Ahh the oil industry, always looking to find the next thing to replace oil, and make sure it never gets out of the laboratory.

Good find though.

Now lets rephrase the question to actually suite bitcoin:

Quote

why don't you go study history and quote 1 example of a power being successful in stopping the adoption of a distributed technology they did not like?

(this is like trying to stop the internet, or bittorrent)

To OP, you shouldn't shoot down contributors to your thread... out of principle I shouldn't reply by here is my 2 cents,

You can't ban or regulate bitcoin. Thats impossible, in order to regulate bitcoin, you would actually have to change the code and consensus would have to be achieved. (since no-one likes taxes no-one would vote yes for tax regulation into bitcoin, per example)
You can attempt to ban it... You can actually become quite successful at this... However go ask in China, Iran, Egypt, Syria to name a few, whether you can truly ban something on the internet, making it impossible for anyone to access.

You should already know the answer to that, we wouldn't have heard about either the things in Egypt or Syria without it.

So allow... they don't have a choice, they can speed it up, or delay it. The only way however that they will stop Bitcoin reaching 500 Billion market cap is by inventing something that is even better. (though luck after the financial industry has been sitting on their ass and not innovating for 50+ years. -- Andreas Antonopolous has great comments on this, (innovating with and without permission) google his talks on conferences --

And after all that, as a group of governments it has no benefit to them, and the banks will beg them to put a stop to it. However, if you look from the point of any individual government, excluding the US, you see a foreign reserve currency that no-one controls, opposed to a foreign reserve currency that is being controlled by a government, a competitor. (if I may call it so) Since its obvious no-one trusts a foreign government, everyone is looking at this non-government controlled currency and is thinking... How much shit will I get for jumping in first... And how big will be benefits be... And currently this is being weighed in a good 50 nations (the other 100+ not being fully aware yet... but will be soon and weighing the same thing)
Where does this put us... We need to keep pushing our governments... to accept. The only unknown in this whole story is the US government... Will they voluntarily give up their place at the top of the food chain... I don't expect so... On the other hand what are they going to do... Go to war with the rest of the world all at once? (Note, Canada & Australia are looking pretty positive towards bitcoin, so does Germany, Switserland & East Europe, haven't heard much in the south of Europe about it yet, but kinda expecting it to be a boom there too, since they are having all those issues in Greece, Italy and Spain / Portugal) Then you have the unknown in here, which is China, will they remain neutral, side with the US or side with the rest of the world... Personally I'm expecting China will do whatever they can to piss off the US.

Either way, the next 5 years are going to be very rough, and a lot of things are going to happen very rapidly. Hopefully in 5 years everything will have quieted down again and we live in a better world.

Yeah, this is a nice post, didnt consider that the gov. might like a currency which is "noones" so nobody will manipulate with it, this is good argument, didnt thought about it before, nice thought. On the othewr hand, having a currency that cannot be manipulated is good, but having the currency that i can manipulate is even better... If you are strong, why settle for consensus...why benefit all, when i can benefit only me with greater role/power (sure this is option only for a strong state as russia, usa or china but still is better for them. If you have power... go share it (you wouldnt, states wouldnt)... if you are weak (small states) you would accept the offer, if you are strong (usa, russia, china) you would reject it.).

The first part is nonse however, because govs can really simply ban bitcoin by banning all the bussiness that accept it.. if no normal bussines (grocery, electronic, housing, energy, transport etc. etc. etc.) accept it, the price CRASHES= bitcoin is dead. (using it only in the black market wont save it). Decentralization is worthless argument here.