Quote from: cuddaloreappu on December 27, 2013, 05:28:11 AM

Quote from: bitcoinguru42 on December 27, 2013, 05:01:17 AM

Quote from: cuddaloreappu on December 27, 2013, 04:48:30 AM

China and India both developing economy with high GDP growth does not accept digital currency..

my scary thought is what if one by one every nation start to ban virtual currencies....

You forget that its widely believed that the black market is 33% of the worlds economy, if we can corner that market, others will follow. If we build it, they will come.

Does this mean digital currencies only serve the black market?
what about the vision of everyone using bit coins for a local coffee shop to buying an apartment?

Not at all, its just we will have 1.3 times the amount of bitcoins being used because of the addition of the black market. Moving money shouldn't be illegal it should be the crime that is illegal but that is an opinion not shared by governments.

bitcoinguru42

Posts

Merits