Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin is doomed to fail, and there's nothing you can do about it.
by
CryptoDomains
on 12/09/2014, 11:35:08 UTC
@JohnyBigs

I actually agree with most all you have to write in your op, it is full of common sense and history. It is a shame that peoples investments blind them from truth.

Now I am not saying bitcoin cannot find a way to survive or over come those things mentioned. I do believe we will have a digital currency in some form or fashion eventually.

One thing I have always struggled to understand is how a government like the US does away with fiat. The black market, cash business and day to day buy/sell makes up for a HUGE amount of the market. Do away with cash all at once and you would destroy the economy quickly. Do away with it slowly over decades and get everyone to digital taxable traceable coin and we will live in a dark time.

Sad stuff tbh, bitcoin advancement is not really advancement for mankind imo when viewed that way. Not that bitcoin survives but encourages the government to development of it's own digital currency.