Quote from: traderCJ on December 31, 2013, 06:49:54 AM

Quote from: jballs on December 31, 2013, 06:35:59 AM

Your enterprise will probably be cannibalized by the Bilderberg whether you like it or not. I wish it were not so, but look at where the internet went...straight into the nutsack of the New Stasi. No reason to believe this will be any different, pleasantly surprise me if I'm wrong though.

I, for one, welcome our new insect overlords.

Seriously though - do you think the powers that be will crush Bitcoin under their heel or embrace it? It is interesting that although the internet is resistant to censorship and thus people can openly expose various conspiracies, not much can be done with the information as far as prosecution goes. So there really is little for the power structure to fear. In fact, they now have an exceptional tool for monitoring and attacking adversaries. Will they recognize that Bitcoin can also play into their continued global dominance? Unknown.

I made a video on the subject a couple weeks ago

http://youtu.be/BzcEiszx09g

You can skip the first bit as you already know bitcoin, but the rest deals with how fucked the financial system is.

In short, I can make a case that they will have way bigger problems before they ever get a noose around bitcoin. Power only wants power. So those in power will naturally exploit it or destroy it, or lose their power to it. And my best guess in our complex world is all three of those outcomes will occur.

The power structure is fluid, we have trouble seeing that because it is designed to not look fluid. I have been to a half dozen Federal Reserve buildings and they all use the same architecture. Concrete blocks like they were pulled off the great pyramid. FRBNY is almost comical the blocks are so oversized. It's a message of permanence and officiousness, but the hustlers that come and go have their own agendas, and strengths and weaknesses. The institutions are hollow edifices, stages for the puppetmasters.

My take is that the powers that be need guys like Ed Snowden. Thousands, tens of thousands of them, to run their system. The old guard got too old, that is really why the 2008 collapse happened. the grey hairs that built the post-Keynesian house of cards up and died or left the game. Their kids didn't really understand it in a big picture sense, so they just pushed the gas to the floor until it exploded.

Well those people aren't going to fix the mess, they don't know how. Evidenced by the current solution and how well it's working (QE, nonsense, cronyism).

What I hope is bitcoiners are the ones with the brains and the balls to take the reigns and fix the mess they (we) are all about to inherit in full force, and provide some alternatives to what is a crumbling archaic financial system on its very last legs.

That's probably a lousy answer to your question but it's the best I've got for now. I think BTC is here to stay for sure, black market or mainstream or global or zonal, my crystal ball is murky there but I am comfortable owning it, for sure.