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Author Topic: Everyone Sees Benefits from Bitcoin (extreme bull post)  (Read 940 times)
bb113
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March 20, 2013, 04:41:00 PM
 #1

The benefits to the average person are obvious.

Evil Hackers won't even want to destroy it because if widely adopted it will make it even easier to get away with than stealing cc info.

I really think that even the governments and central banks will be in favor of bitcoin adoption.

Governments because the average person is never going to be anon, and it opens up taxing of things like paying someone to mow your lawn. In addition, the value to intelligence agencies such as the CIA has been mentioned many times. Plus they will think that if need be, they can always fork the chain into some horrible mark of the beast thing where people are shunned from making transactions. I think this would fail, but its possible.

Central Banks because they know the games they are playing and the risks. They know it will be good to have this alternate currency and infrastructure out there in case they mess up. In the meantime they can just manipulate it with their supply of infinite fiat currency. I mean read about this thing: https://en.wikipedia.org/wiki/Bancor

The tool is just so useful, I just can't see significant resources being devoted to its destruction. Competition maybe, but not destruction.

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March 20, 2013, 04:52:51 PM
 #2

Yeah.   You've summed up my risk assessment when first putting money into BTC.  Total failure was a low-percentage probability, the realistic alternatives I saw were either success, or hijacking.  With success, we all become rich and get to live in a more free society.  With cooption by the status quo, we still live under fascists, but at least we'll be the new wealthy elite.
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March 21, 2013, 12:43:46 AM
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Central Banks because they know the games they are playing and the risks. They know it will be good to have this alternate currency and infrastructure out there in case they mess up. In the meantime they can just manipulate it with their supply of infinite fiat currency. I mean read about this thing: https://en.wikipedia.org/wiki/Bancor


Huh?
Central banks just don't care about risk, they are a bunch of irresponsibles and they make poeple pay for their mistakes!

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March 21, 2013, 12:49:57 AM
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I also disagree on the central bank risk.  They won't want an alternative scenario that does not require them (unless they are all heavily invested into bitcoin themselves, which is an option too  Cheesy)
bb113
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March 21, 2013, 03:56:42 PM
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Whatever their actual plans are, there is risk the plan will fail and lead to their downfall.
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