Ninjastic
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Board Economics
Re: Everyone Who Believes In Bitcoin Should Try To Answer This Question
by
Lloydie
on 14/01/2014, 04:06:36 UTC
Quote from: beefcoin on January 14, 2014, 03:59:38 AM
Quote from: Lloydie on January 14, 2014, 01:54:21 AM


Bitcoin is decentralised and no third party is required.  Therefore, banks/surveillance/government are not able to impede Bitcoin transactions.
Not true - not "can able"- they do not want. As well as do not hinder circulation of money in the game "Linage" or chips in "Zynga Poker".
How many burgers you can buy Zynga- poker chips from? Zero.

Quote from: Lloydie on January 14, 2014, 01:54:21 AM
Bitcoin cannot be seized.  Bitcoin has no physical presence and cannot be physically seized unless someone is able to compel you to disclose your private key.  Contrast gold and money, which can be physically seized if the government was so inclined.
Seriously? Tomorrow will close all exchanges and your Bitcoins become as Zynga-poker chips  or coins from Linage.

Quote from: Lloydie on January 14, 2014, 01:54:21 AM
Bitcoin is pervasive.  Where these is internet, there is Bitcoin.
As well as game Linage . Wink


As I said, only Governments stand in the way of Bitcoin.  If Governments think they can stop Bitcoin by banning exchanges, they are mistaken.  Micro exchanges will pop up like localbitcoins and other innovative solutions.  Sure the adoption rate will slow and sure the value of Bitcoin will fall but in a prohibition scenario, it still remains true that Bitcoin is a superior currency.  And;

1. It still remains true that the government cannot impede the transfer of Bitcoins. 

2. It still remains true that Bitcoins cannot be physically seized.