Quote from: cypherdoc on August 03, 2014, 04:55:08 PM

Quote from: NewLiberty on August 03, 2014, 04:23:19 PM

Yes! The volume is the key. Without it, a chart tells only half the story.

NL, the only thing i'd say about your arguments above is that i'd like to see gubmint play a "more" active role by loosening the choke points and regs that are restricting Bitcoin's free trade at the moment. there is no doubt in my mind that Bitcoin would be much more widespread by now if they weren't interfering.

the other thing is that until the gubmint is willing to tie their fiat currency emission to Bitcoin, such as perhaps M1 to 21m BTC, they will continue to inflate the USD which is bad for everyone. this has to stop.

Sure, but gubmint doesn't move in that direction, its activity goes the other way consistently and without remorse. Perhaps some once and future government that is for and by the people, if and when that occurs, might see things differently.
Don't forget that Government gets its money pre-inflation, and its only after it is spent into circulation and competes with the existing money that the effects of inflation occur.

Its laws allow it to steal bitcoin and resell it, entrapment or no. Why would anyone expect this to change?
http://rt.com/usa/bitcoin-florida-laundering-arrest-431/