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Question: If Bitcoin use continues to go up, how will central banks and governments react?
Make it illegal to use BTC at all - 0 (0%)
Make it illegal to buy/sell BTC for fiat currency - 5 (23.8%)
Regulate BTC in some other, less harsh way - 10 (47.6%)
Do nothing - 2 (9.5%)
Encourage the use of BTC - 4 (19%)
Total Voters: 21

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Author Topic: Financial regulation  (Read 799 times)
yucca
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April 13, 2013, 01:59:12 AM
 #21

I don't see why it'd be regulated. It's basically cash of the internet. Why regulate cash?

I can see it being treated as gold and used to build a new publicly auditable Bretton Woods system on top of. I'm not certain of that, but it's a possibility.

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April 13, 2013, 03:08:55 PM
 #22

Central banks and governments are the real "terrorists". They will use subterfuge to destroy rather than do it in the light of day. They are cowards. They cannot stand the light of truth, and their greed and criminality cannot be tolerated unless it is concealed.

No, bitcoin will only be attacked by stealth. Regulations will be subtle. Market manipulations will be similar to how JP Morgan manipulates silver, or how the Fed is shorting gold to prop up the USD.

I don't think they will win. By the time they catch on, it will be too late.

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