Post
Topic
Board Bitcoin Discussion
Re: Informal survey: What are Bitcoin's biggest challenges?
by
Chef Ramsay
on 26/07/2014, 06:39:27 UTC
It has no problems, it's ermerging as the first legitimate global currency unit.

It's value is tied only to the trust factor of it's growing user base.

US Congress report states, bitcoin similar to a currency based on a gold standard.

Big tech players understand it's value growth.

Heavy new laws may limit it's acceptance in some regions, however only 10% acceptance level means a $50k usd value.

Exchanges will be regulated in some regions, others it will be unregulated.

Soon you will have a large network of legal btc changers and they will simply follow money transmitter laws already in place in most areas.

My opinion.
Can you sign it? Big time Homie telling it how it is. I just differ on your hypothesis on it being similar to a gold backed standard cause it'll wipe it out as that. PMs will be a laugh. Yeah I holdem.