Post
Topic
Board Speculation
Re: emergency forecast alert
by
Ibian
on 19/09/2014, 20:05:18 UTC
Storing $1 Million in your head while walking across a border is worth it for BTC to exist.

True, but the general public doesn't have 1m, nor need to take more than $9000 over boarders... but people have been treating bitcoin differently and way over valuing it, like the housing market of early 2000s.  lol @ going all in on mining gear and paper wallets.

And also, this luxury won't be happening for long, the whole anonymity thing.  I hope what seems like the inevitable won't be happening.
Stricter currency controls are likely in the near future. Legislation is being put into place - and is already in place in some countries - to legally confiscate private saving accounts. There will be another major crisis, and relatively soon. And more after that.

Yep bitcoin will be like greek mythology years from now.  I can tell my grand grand kids the legend of the bitcoin!
Sarcasm detector going nuts, but yes. Bitcoin has, at minimum, the potential to change the world. And if it does, and you were part of it? "Grandpa, did you really hodl through the year long bear market of 2014?".