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Title: What if Governments seen that BTC could jeopardize for their economy? Post by: donbu7 on November 07, 2013, 06:32:59 PM This could be the failure of BTC.
Lets say that the USA gobernment think their economy is in jeopardize because of BTC, and then they decide that trading or accepting that currency is illegal, and in that moment the BTC will drop its value to zero. And I think that BTC could be seen for governments as a danger to their economy system. :o :o :o :o Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Mike Christ on November 07, 2013, 06:36:31 PM When government gets in the way of progress, side with progress.
Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: BadAss.Sx on November 07, 2013, 06:39:23 PM Ok, so why not shut down their own currency then? The USD is also a thread to their economy. The debt they have is enormous and is already threaten their own economy.
Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Ecurb123 on November 07, 2013, 06:40:32 PM It could happen but I think they are too late in the big picture, not because of bitcoin but because enough people can now see that they don't need the government for their money.
Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Ricke on November 07, 2013, 07:14:26 PM The value of a Bitcoin coin shouldn't drop too much if it is declared as illegal in only one country. To kill Bitcoin, much more resources are needed.
Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Odrec on November 07, 2013, 07:30:23 PM I will expect lots of regulations coming into place in the next 5 years when this thing gets big enough. Sadly everything that supports freedom for the people and not freedom for governments or big companies to do as they please is attacked. Well they once attacked free software too but now it is thriving so I guess Bitcoin has a chance to survive the onslaught.
Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Gator-hex on November 07, 2013, 07:32:20 PM Governments do not choose the money, corporations do.
They choose to accept it for their goods and services. This is why communist countries end up with empty shelves. Bitcoin is the antidote to a government that threatens to tax your business out of existence. Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Gator-hex on November 07, 2013, 07:36:45 PM Quote If the US govt makes bitcoin illegal, the rest of the world should just laugh. US Texas court and Securities and Exchange Commission have already given it legal digital currency status see SEC verses Trendon T. ShaversPireat (Pirateat40).. “Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office. http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Unvre1OjN3U Title: Re: What if Governments seen that BTC could jeopardize for their economy? Post by: Odrec on November 07, 2013, 07:41:29 PM Governments do not choose the money, corporations do. They choose to accept it for their goods and services. This is why communist countries end up with empty shelves. Bitcoin is the antidote to a government that threatens to tax your business out of existence. The problem is that in this day and age corporations and governments are in many ways one and the same. Many of the legislation in countries is pushed by corporations. There are corporations for which Bitcoin is good news like IT ones I suppose but others that could see it as a threat like oil corporations who have most of their reserves in dollars. The fact that there's no central figure controlling the currency is a threat for many big companies because not having a central figure means not having something easy to control. |