Post
Topic
Board Bitcoin Discussion
Re: [Mt. Gox Court Case] Do you all know who controls the central bank of France?
by
m0w3r
on 22/10/2011, 22:50:36 UTC
True, governments (i.e. Central Banks) do not tolerate competition for what they see as their power.  Money is the primary power mechanism for controlling people.  Real competition for power in the form of gold, bitcoin, or some other currency as money will not be tolerated.  My best case scenario is that bitcoin continues to get bad press articles, while slowly increasing in usage and value under the radar (something like gold is doing now).  Then, longer term, something happens to diminish the monetary control mechanism (like a sovereign debt collapse in the G8 countries) and the governments will not have the power to fight the distributed bitcoin currency.