Post
Topic
Board Speculation
Re: January 31st, the Downfall of Bitcoin
by
bitcoinlitcoinbtcltc
on 27/01/2014, 03:16:17 UTC

I've got news for you: 85% of bitcoin users are nerds. They are loners and will avoid any form of conflict in real life. When the governments of their countries start imposing strict laws against bitcoins, they will cash out as soon as possible. Because that's who and how they are; ''law abiding citizens.''

Your misinformation is astounding.  Listen sometime to what Andreas Anotonopoulos has said about his experiences in 3rd world countries, south america, et al, and the revolutionary role Bitcoin is about to play in places where the vast majority of individuals are unbanked, underbanked, or oppressed by corrupt governments.  While Bitcoin may be a neat new payment method in the USA, its becoming matter of life and death to many people around the world.  Those individuals who get dragged out of their homes and tortured for supporting things like Bitcoin.  And yet they still do it.  You truly don't have any idea what is going on around the world right now pertaining to Bitcoin, and what types of people are beginning to look to it for salvation from poverty and oppression.

Quote
I have more news for you: bitcoin might be backed by 'its limited supply', but do you know what is backing the USD?
This is what backs the USD, Yuan, and other powerful currencies:

Here's some more news for you:   The United States and China are not the only countries in the world.

-B-

If you want to introduce bitcoin in poor countries, the prices needs to crash. They can't even afford a computer, let alone a fucking digital code worth 3 full year salaries!