Post
Topic
Board Altcoin Discussion
Re: Is it me or is Darkcoin the only coin with real potentional?
by
shekelsteingoyberg2
on 11/05/2014, 10:31:45 UTC

Sure it sounds cool,but  if you're not selling drugs, kids or smack probably don't need it.

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Bitcoin will be regulated, the rest will be regulated or banned. So it is just a matter of time before dark currency goes to being worth virtually zero.

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I disagree with you entirely on most of your post, but I'll just focus on this:
Because anyone that has your Bitcoin address can view the other transactions you make, it could give a definite advantage to a competitor because they can see exactly who you are doing business with.  That is far less privacy than a bank offers.

Also, by "regulated" most of the time they mean restricted or taxed.  It is also important to keep in mind they do not have a good history of success with restricting the internet (example: Bittorrent), and as you said before, they are likely very unwilling to lose the economic boon.  So will they tax it t o death?  The IRS doesn't even need warrants for wiretaps and surveillance, they are a band of ruthless bloodsuckers that will apparently stop at nothing to get their taxes.

That said, it's still only like paying in cash over the internet.  The world will not end because of it.