Quote from: brenzi on June 18, 2014, 07:23:51 AM

Interesting point. I myself learned a lot about the nature of money and the mechanics of money supply since I first learned about bitcoin. But "we" early bitcoiners are avantgarde and think more about its nature than anyone who starts to use Bitcoin when it already has become mainstream.

I doubt that this education you mention will change the way of the world.

Now that you have learned a little more about how Bitcoin actually works perhaps it is time to change the title of your thread. At this point you must agree that "Why bitcoin supply will NOT cap at 21M BTC" is very misleading. A more accurate thread title would be:

"What if the government(s) started their own alt coin?"

Quote from: Lethn on June 18, 2014, 08:12:10 AM

I do believe that as the devs go deeper to the point of no return with the U.S government that eventually they'll be threatened into making changes, they'll either be forced to make them or they'll go down fighting and bring down the whole site with them, just like with what happens regularly to Bittorrent sites.

All that drama about forcing the current Bitcoin devs to do their bidding is totally unnecessary. All the code is open source. Anyone, including the goobermint, can hire a bunch of programmers and create their own alt coin to compete with Bitcoin. The goobermint can do this fairly and let the market decide or they can do it unfairly by outlawing all competition. They can create their new alt "UsCoin" or "UnCoin" as either a brand new alt or as a hard fork of the Bitcoin blockchain.

But, if they are going to create a centrally controlled alternative to Bitcoin they do not need to go through all the trouble of creating a decentralized solution. They can simply create a new form of electronic fiat currency that acts kind of like Bitcoin. In fact there is no reason to do that because, except for a very small amount of cash left in the system, the entire world fiat currency system is exactly that: a centrally controlled electronic fiat currency system.

So this entire thread boils down to the one single question: Will the goobermint attempt to outlaw Bitcoin and all other decentralized currencies or not?