Bitcoin Forum

My opinion:

It's clear that the U.S. Government and Federal Reserve and the banks are terrified of Bitcoin, because it shifts the power back to the people again. Bitcoin enables the 99% to take control of their financial future again.

You'll know that Bitcoins have really caught on with the mainstream public when the U.S. Government announces in a press release: "Terrorist group funded with Bitcoins" (or some other anti-Bitcoin propaganda) in an effort to discredit Bitcoin.

I'm sure that there will be many dirty tricks like this coming down the pipeline soon.

the truth is there actually right many people use bitcoins for illegal items drugs gyns and worse but isnt that true with things like USD to??? so while theres always a few there are many more legit use's for BTC

i don't think propaganda has won any battle against technological progress  :)

Just look how hard they have tried to demonise P2P file sharing and you see the propaganda fails.

It's funny because Bitcoin is also p2p.

I wish that the media frenzy would die down, or else governments will be trying even harder to shut down or "regulate" BTC, ala Napster. 

Time will tell if they start some new battles...but I believe BTC will survive.

Do you have a link to this article?

When PGP was published first, they tried to vanish it. Similar story...

The US will probably spread more and more Anti Bitcoin propaganda in the future...

There will no doubt be alot of propaganda, but as legitimate businesses take up this new currency it will be harder and harder for the government to pull the plug (just too big to fail).

the truth is that one cannot buy something illegally. Only stealing is illegal. It is the evil government that declares things as illegal. How can you own xyz illegally, if you have paid for it with your own money?!?

I also hope for the media to stop giving BTC all this attention.  Their view of it as a "virtual gold" or a bubble is destroying the chance of it becoming widely accepted currency and instead just turning it into another potential commodity investment.

Not all illegal purchases are drugs etc..

I don't think the US government is that worried about bitcoin

yes it will only get worst for us. we are dealing with a elitist imperialist regime that does not like anyone having any power except them. As they hide behind hand picked and created puppets and agencies to administer their forms of control across the board in every aspect. >:(    :(
Sing it with me " All around the world same song"....i can't hear you!!! ;)

If there is no anti-bitcoin propaganda then it's time for us to get really worried about all this....

Terrorist groups would have to convert BTC to USD to use them.. So technically they would be funded via USD.  Unless instead of attacking they want to get some stuff on silkroad and chill out..

Unless you're buying organs or a slave.

.

Iran pays donors 1200$ for a kidney and they have zero waiting lists.

Que cerah, right?

Ooh, those evil dollars are no good :( They should be banned!

Well said! :)

Wtb kidney for btc!

If you've got about $20 cash in your pocket you're part of the 1% in global terms.

As somebody who has never been a drug user (I even try to stay away from prescribed narcotics as I'm afraid of accidental addiction, and I only go out drinking about once a year, rarely if ever becoming what you'd consider "drunk") I have to say I really like the idea of the silk road. Here's why:

During a normal drug transaction, or even merely knowing somebody who is a drug user because of regular contact, makes you a target for being robbed or even killed. The silk road is completely anonymous so there's almost zero chance of this happening, and so far I haven't heard of it happening. Also, since drug dealers on the silk road have a reputation to keep, the quality of their goods must also have a reputation. This means it is less likely that you'll find substances that are contaminated with anything that can kill you.

I think if the silk road stays alive, it is possible we may one day see an end to cartel violence. Since there is no physical contact between individuals, it should be easier to hide farms or labs used to create these substances, so the need to smuggle them from out of the country will be severely diminished.

As a general rule, when anything becomes contraband, you end up with black markets because you can never remove the demand for those goods. Black markets inevitably lead to violence. This is what the war on drugs causes. We shouldn't have to put up with this just because Chuck Schumer thinks some hippie derp deserves jail time just because he wanted to get high.

actually is ok to remark the possible flaws and dangers of the system,
keep in mind the average consumer is not that tech savvy and can have a virus in his laptop that wipes out his bitcoins.
So it will take years.

And if everybody jumped in at once, the value will skyrocket even more and we can see an actual bubble, that will be damaging for everyone adopting bitcoin and damaging for the bitcoin image.

Isn't the weaker side of Bitcoins the lack of protection for the buyer? If I spend my coins for buying anything which does not get delivered where do I go to either get my money back or force delivery of the product?

i believe they will try to take it down and one way or another they will probably succeed.  It is to our interest to stick to our grounds and grow, support and stabilize the movement.  I would never invest all my savings or even a substantial amount of them.  But what i suggest is that everyone converts an amount (which if lost is not detremental ) to bitcoin with the intention of never converting it back to $$.  As i said they will try to take down bitcoin if it tries to completely dominate.  If everyone followed this it will grow slow and strong with heavy roots.  Lets not be greedy people!