2013-05-18 Pandodaily - A bitcoin bubble could be good for everyone.

[leemar]

http://pandodaily.com/2013/05/17/a-bitcoin-bubble-could-be-good-for-everyone-2/

Bubblelicious, Nice piece....

"In the next few years, if the US government doesn’t try to stamp out bitcoin, it will follow a similar course. And when the bubble bursts – if it manages to get to that point – an entirely new currency will have taken root with a vast infrastructure to support it.

First, though, more air must be pumped into the bitcoin bubble. And there’s a whole lot more room before it will pop."

[samson]

If the US government..........

Meh. People outside the US will continue to use Bitcoin and other cryptocurrencies regardless of what the US government does or doesn't do.

[StarfishPrime]

The government did just try to stamp out bitcoin - at least a little bit - by shutting down a major conduit for USD purchases (MtGox via Dwolla).

The market barely reacted, international press is mostly questioning the true motivations of the action, and bitcoin is trading up 10% since the seizure. It's safe to assume the genie's out of the bottle and no amount of US regulatory over-reach is going to put it back now.

Scorecard:
DHS 0
Bitcoin 1