Guys, I'm really no expert on economy, but to me it seems relatively simple: We replace our country's currency with bitcoins, eventually noone wants our country's currency anymore, leading to inflation. All gouvernments will do anything in their power to limit the use of bitcoins as much as possible imho. To me the question is WHEN they will act and HOW it is gonna influence the bitcoin popularity. It never hurt other p2p software, but people didn't pay money for that. Then again, people don't really pay money for bitcoins either, they generate them.

Scenario 1: Bitcoins become really popular, 1 billion people on the world by now earn bitcoins when the major gouvernments declare war on it. This leads to an uprising and eventually a civil war.

Scenario 2: The govs react quickly with very effective propaganda and the value of bitcoins will fall for a long time.

Scenario 3: The govs do all in their power, sooner or later, but the bitcoin market florishes nonetheless.


Today's btc value developement seems related to all those news reports if you ask me. I'm ofc hoping it'll rise and I wouldnt mind a civil war scenario either. Its about time we see some blood, at least where I live it is. Now think of some 3rd world countries...

Yes, you read right. I translated the name from German to English. I'm a little afraid now, that my freshly bought coins will quickly drop in value... :/

I mean, I still think this is a beautiful idea, it just seems to be a huge thread to the other currencies and gouvernments will outlaw payment with bitcoins sometime soon which will then mean a loose in trust into the currency and a massive drop in value. If these coins cannot be used to be through ebay for example it would almost render them useless imho.

Pretty frustrating thought, so let's hope it's not going to happen!!

I don't have any bitcoins as of yet, but I'm gonna invest all my freaking money (which isn't all that much lol) by the end of the day if I can get a bitcoin market invite.

I'll pay you through paypal if possible, 10 Euros sounds fair to me, so write me a pm. I'll answer in approximately 4-5h after getting back from uni, will transfer the money asap!

Peace