Quote from: adamstgBit on June 06, 2014, 02:22:19 AM

Quote from: nanobrain on June 06, 2014, 02:15:15 AM

Quote from: adamstgBit on June 06, 2014, 01:49:04 AM

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

Goat own a lambo LTC and silver

Risto got goxed and spent half his coins on a castle

scary?

I am fairly bullish and all about bitcoin, and fairly skeptical about the monetary policy of the USA and other grand fiat currencies.

NONETHELESS, Bitcoin is NO where near ready to take over the world currency, payment system and storage of value. In 5 to 10 years, that may be a different story.

Surely, the USD has been engaging in really dangerous tactics since about 2007 / 2008; however, I believe that the whole fiat system with a dominant USD or some amalgamation of dominant fiats is going to hold at least another 5 years.

Before I studied into Bitcoin (which would have been before November 2013 - coincidentally right after the October 2013, US government shut down), I was thinking that the US government can screw up and screw around for another 20-30 years before the whole system is going to be coming down upon it... and part of my reason for projecting such a timeline in my thinking was because I could NOT really envision any real and/or meaningful alternatives. The USA Govt has the world by the knickers.

However, since I have been learning about bitcoin, I am thinking that the USA Govt timeline for manipulating the dollar and world systems is going to be more limited - maybe 5-10 years, depending upon the extent to which the USA govt can infiltrate, coopt and/or manipulate BTC. There is going to likely be some of the infiltration, cooptation and manipulation of BTC taking place and/or being attempted in the coming years, and the question will be how long that infiltration, cooptation and manipulation can last and whether alternative cryptos will evolve in order to adjust to such infiltration, cooptation and manipulation.

In sum, Bitcoin is NOT ready this year, but in 5 years -ish, maybe.