Quote from: SgtSpike on March 02, 2012, 01:59:55 AM

Why isn't wheresgeorge shut down then? There must be some way around it if they have managed to keep straight for so long.

Government couldn't care less about WheresGeorge. Judging from the legal history of alternative currency attempts, they care a great deal about that.

Keep in mind that while there is a lot of energy and enthusiasm among bitcoiners, the project is still in its infancy, is still relatively untested, is breaking new and unknown ground, and still needs to be husbanded to maturity and robustness before 'taking on the world'.

There are still known problems that have to be solved, like concentrated mining pool power undermining the whole notion of a decentralized currency, and unknown unknowns (say, what if Facebook created a bitcoin client which overtook the canonical one in users and then forked the blockchain with an incompatible mod?).

So I think it's best not to get too ahead of ourselves just yet, stay humble, and avoid antagonizing governments.

Further, the establishment appears to be doing the work of popularizing bitcoin all on their own. It's looking more and more inevitable that the USD is on a path of no return, and one day the consequences of decisions being made now by the Fed and US Govt will materialize, and all of sudden things like bitcoin and precious metals and other non-inflationary assets will get real popular real fast. No need to rush it or force it, it will happen. In the meantime, better to focus on working to the make core technology and supporting ecosystem as hardened, robust, and mature as possible.

Patience, grasshopper

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kurtosis

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