Quote from: BittBurger on March 12, 2014, 04:26:13 AM

Quote from: Dalmar on March 09, 2014, 02:14:42 PM

US government is not afraid of bitcoin at all. They could crash this tiny market to sub-decimal levels on a whim.

Hm. This doesn't reflect anything I understand about Bitcoin right now. Can you clarify how they'd do this? My understanding is that the computing power required to overtake and "crash" Bitcoin would cost hundreds of millions of dollars. Therefore, no. They can't "crash Bitcoin". If you're referring to some other method, please describe what it is.

Every other "alternative" currency that has come into existence in the USA has been shut down, fairly quickly. They don't putz around for 5 years doing nothing. They simply walked in, and put the guy in hand cuffs. The only reason this one hasn't been shut down, is because they *cant* shut it down.

Do you really think they'd waste time and money for hearings on how to regulate it, if they could just flip the switch on a whim? Silly ...

The reason they're not afraid of it is because most of them don't grasp what it is just yet, and those who do, are arrogant enough that they are still dismissing its chance of success.

Period.

We are all waiting for the day that they realize the ramifications of Bitcoin, outside of this silly Money Laundering hyperfocus they've got going. That is when the real sh*t is going to hit the fan.

-B-

I think he ment the price could be crashed (i.e Dumping all the Silk Road coins)
The price would quickly recover...