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Board Press
Re: [2014-02-06] Now official: using Bitcoins is completely illegal in Russia
by
LiteCoinGuy
on 09/02/2014, 12:53:02 UTC



You are so right. Bitcoin imo will seriously rise in value, now I think they are tring to find a stealth way for conversion. Soon the banking system will fail, and the paper money will be worthless. The majority of people don't understand this yet, and sadly they will lose a lot of wealth. For me it is obvious that bitcoin is absolutely the next big thing, the next economic system. Still, I don't understand how to relate China and the massive gold that is acquiring and bitcoin. They know that the American dollar will default, and thus all the paper money that are not backed up in gold. Most of them. So they want to back up a type of currency with gold, but I'm afraid that a virtual currency like bitcoin will not be possible. We will see. I will bet on bitcoin or some other alt coin that promises.

It will be multiple currencies , but bitcoin will be the most expensive one (gold) , others will be there to increase transaction bandwith but the will be build on the price of bitcoin , bitcoin will be the virtual gold litecoin the silver etc.
The real problem we are facing and elite is aware of this , is the fact that we dont have resources for endless growth.
http://www.youtube.com/watch?v=Sqwd_u6HkMo and to get the enemy/everybody in they understand it must be a decentral system nobody has full control over , because only if everybody is submitting the power to a decentralized non inflationary system it will work.
the other option is complete war over resources in 20 / 25 years from now...
the servs don't realize this.
but my guess is that this is why bitcoin will never be banned for real.

Quote
Goverment can buy asics and do 51% attack. Then we will lose everything.


ahhh okay... Roll Eyes