Why Bitcoin May One Day Split Into Black and White Coins

[cryptocurrencylive]

Why Bitcoin May One Day Split Into Black and White Coins

http://motherboard.vice.com/read/why-bitcoin-may-one-day-split-into-black-and-white-coins

[odolvlobo]

Articles about reddit posts are a waste of time. The fact that there is a discussion is not interesting and if you want to know what was discussed, you can read the posts.

[Hazir]

WHile it is true that it was discussed on reddit before this "solution" is not so impossible. But it means that 'black' coins will be bad coins. Mafia's and shady guys currency, while white will be fully taxed, and controlled payment method for hipsters. Because I don't see the difference in paying with your btc rather than by credit card if you can be tracked & taxed.

[banque]

BTC if heavily regulated will move into BTC FREE TRADE ZONES

So btc wealth wallets will be relocating to BTC friendly zones/nations

CAYMAN ISLANDS BABY

This explains the future exodus of wealth and btc

www.BTCmanifesto.org

[MegaHustlr]

Rumors are swirling that as governments move to integrate and legitimize bitcoin, it could have a divisive and lasting effect on the virtual payment system. Forcing regulations on bitcoin could divide the digital currency into two camps: coins that are regulated and managed by a government or central agency, and coins that remain pseudonymous and decentralized. White coins and black coins.

Do these people even understand bitcoin? Just because governments are trying to regulate it doesn't mean they can control it. It is and still will be decentralised.

[banque]

The worse thing any gov can do is say its citizens cannot own or possess it

Can gov's do that to a currency or commodity?

Sure can

1971 Nixon took USA off gold standard and made it ILLEGAL for US Citizens to own GOLD outside of jewelry

[odolvlobo]

The worse thing any gov can do is say its citizens cannot own or possess it
Can gov's do that to a currency or commodity?
Sure can

1971 Nixon took USA off gold standard and made it LEGAL for US Citizens to own GOLD outside of jewelry

FTFY. Owning gold was illegal between 1933 and 1971. Still you have a point.

[Taras]

Martin Luther King Jr. didn't die for this

[banque]

Yes USA has had many controls on Gold dating before 1971 so my post was semantically incorrect.

But as you noted, my comment is valid as to how governments try to regulate what its citizens really want.

Something that has VALUE.

[minerpumpkin]

Yeah, great, so we will - once again - be destroying the fungability of Bitcoin. It is a fundamental concept of Bitcoin and should be preserved at any cost. If we cave in to one demand, we won't be able to close that box again.

[robhimself]

das racis

[taylortyler]

Interesting topic but that article could sure use some editing, Vice.

[RichG]

Why Bitcoin May One Day Split Into Black and White Coins

http://motherboard.vice.com/read/why-bitcoin-may-one-day-split-into-black-and-white-coins

I am NOT okay with this.

[StatusSeeking]

I'll send everyone black coins and spoil the system. That's why this BS doesn't work, sorry.

[Dogtanian]

I'll send everyone black coins and spoil the system. That's why this BS doesn't work, sorry.

But it wont work. That's the point of this system. The coins aren't interchangeable so just wont get processed or whatever,  but it's a silly idea and hardly anyone will adopt this method.

Martin Luther King Jr. didn't die for this

Nice 

[justusranvier]

Read this, then consider that whitelisted btc is just as vulnerable to speculative attack as fiat currencies:

http://nakamotoinstitute.org/mempool/speculative-attack/

[tigeRshoes]

Law can change, bitcoin stays the same

[J.Socal]

https://www.youtube.com/watch?v=KW_wYvZ1eZg

[Whitehouse]

Law can change, bitcoin stays the same

Well not entirely correct. Changes can be made to the bitcoin code or protocol. I'm sure bitcoin will evolve or adapt slowly over time to meet any new demmands or challanges, but this is a good thing.