Hi guys,
First of all, I love Bitcoin and I want nothing more than BTC to succeed.
But I think BTC ( or any cryptocurrency ) will overcome all it' hurdles, but one :
governments.
Because let's face it, governments can lose their income and lots of power
to bitcoin, and they can easily just say "no" to BTC.
Yes they could legalize it, but ,in that case, very likely Bitcon will be taxed and regulated to death anyway.
The current financial world will also lose a lot of business to BTC, and they won't sit back and do nothing.
Keep in mind they have loads of political power.
The only scenario where I ever see BTC to succeed, would be if gov's go on to ignore BTC for years and years...
In the mean time BTC would need to become so mainstream, that banning it would mean economic shutdown
for a country. But I don't see govs waiting that long..
Every other issue like, volatility, ease of use, hot wallet vulnerability,... I is gonna get solved as time goes on
but that's not enough...
what does Bitcointalk think ?