FractalUniverse
|
|
September 03, 2017, 06:22:03 PM |
|
new technologies do not get outlawed and never did. and bitcoin is a new technology.
new technology=blockchain they will not ban it of course. but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead. what would be bitcoin without ability to use it for buying stuff?
|
|
|
|
Neo_Coin
Sr. Member
Offline
Activity: 1204
Merit: 293
"Be Your Own Bank"
|
|
September 03, 2017, 06:29:39 PM |
|
new technologies do not get outlawed and never did. and bitcoin is a new technology.
new technology=blockchain they will not ban it of course. but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead. what would be bitcoin without ability to use it for buying stuff? It would be interesting to find out how much percentage of bitcoins are used to purchase goods and services, how to trade and how much for long-term investment as safe haven.
|
|
|
|
btcbeliever
Member
Offline
Activity: 232
Merit: 29
|
|
September 03, 2017, 06:42:01 PM |
|
new technologies do not get outlawed and never did. and bitcoin is a new technology.
new technology=blockchain they will not ban it of course. but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead. what would be bitcoin without ability to use it for buying stuff? can always trade bitcoin for cash face to face. They will never be able to prevent that, as long as paper money still exists.
|
|
|
|
jojo69
Legendary
Offline
Activity: 3318
Merit: 4606
diamond-handed zealot
|
|
September 03, 2017, 06:49:44 PM |
|
as long as paper money still exists.
exactly, that might not be as long as we would like
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2674
Merit: 13096
BTC + Crossfit, living life.
|
|
September 03, 2017, 07:27:58 PM |
|
Next week probably. Buying every dip.
Thats the MAIN job this times buying dips 😁
|
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
September 03, 2017, 07:34:16 PM |
|
Who sold at the bottom?
|
|
|
|
Neo_Coin
Sr. Member
Offline
Activity: 1204
Merit: 293
"Be Your Own Bank"
|
|
September 03, 2017, 07:50:22 PM |
|
new technologies do not get outlawed and never did. and bitcoin is a new technology.
new technology=blockchain they will not ban it of course. but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead. what would be bitcoin without ability to use it for buying stuff? can always trade bitcoin for cash face to face. They will never be able to prevent that, as long as paper money still exists. No one can forbid two people to swap two strings of 49 characters.
|
|
|
|
gembitz
|
|
September 03, 2017, 08:11:47 PM |
|
Maybe you're too young to remember that there was a prohibition of exporting pgp tech out of the US, until it was abolished after it leaked anyway.
I do remember that. Crypto was treated as a weapon, so code couldn't be exported. But books could, so there were chapters full of code printed in OCR-friendly fonts. It's hard to ban ideas. #Alexandriaproject Florins bitcoin SegWit testnet is fundamentally disruptive #expectus #hackation https://poloniex.com/exchange#btc_floBitcoin Socrates Meetup ===> Bitcoin to da mooon!!
|
|
|
|
Solarbankers
Newbie
Offline
Activity: 54
Merit: 0
|
|
September 03, 2017, 08:46:15 PM |
|
Ready to climb back! Next target: +5,000 USD! _______________________________________________________________________________ _____________________________________________________
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
September 03, 2017, 09:19:22 PM |
|
can always trade bitcoin for cash face to face. They will never be able to prevent that, as long as paper money still exists.
No, but if (when) they will abandon paper money and move to state crypto-fiat only we would be allowed to exchange decentralized crypto for state crypto only. And then we'll find to be all fu-ked, since they will have full control of state crypto (who has what etc.), with full power of censoring any tx or balance, unless some state-crypto mixer will be developed, which is quite unlikely.
|
|
|
|
gembitz
|
|
September 03, 2017, 09:19:44 PM |
|
I leave the country on vacation, and BTC is taking it harder in the ass than my partner. What is going on ?!
Sheeit.
BTCBTC $1OOOO-$1OOOOO ===> new target weeee
|
|
|
|
jojo69
Legendary
Offline
Activity: 3318
Merit: 4606
diamond-handed zealot
|
|
September 03, 2017, 09:40:43 PM |
|
gotta test 4250 first
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
September 03, 2017, 09:51:42 PM |
|
It's sodding amazing how little we hear from the Chinese side of things. We need more of this. Plenty more.
|
|
|
|
CoinCube
Legendary
Offline
Activity: 1946
Merit: 1055
|
|
September 03, 2017, 09:59:52 PM |
|
|
|
|
|
savetherainforest
|
|
September 03, 2017, 10:00:33 PM |
|
^^^ This... Bitcoin is such a mechanical brute! .. Now we can go some more up! Up! UPP!PP!P!P!P!P!!!!!!!!!!!
|
|
|
|
YamashitaRen
|
|
September 03, 2017, 10:33:26 PM |
|
00:29:08 4649.9 655.659 Buy order on Bitfinex
|
|
|
|
rezurect
|
|
September 03, 2017, 11:37:15 PM |
|
new technologies do not get outlawed and never did. and bitcoin is a new technology.
new technology=blockchain they will not ban it of course. but what im afraid of is that states+banks+multinational companies will use the technology to create their own [controlled] tokens. And when they are ready few years from now, they could start prohibiting other cryptos from financial transactions. its impossible to ban people from sending bitcoin transactions, but they can ban e-shops/exchanges from accepting them for purchases payments, and push for their own controlled coins instead. what would be bitcoin without ability to use it for buying stuff? It would be interesting to find out how much percentage of bitcoins are used to purchase goods and services, how to trade and how much for long-term investment as safe haven. A shitload to trade I bet.
|
|
|
|
Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
|
|
September 03, 2017, 11:59:33 PM |
|
Tell us all your private keys or we'll eat all your pies.
|
|
|
|
BitcoinNewsMagazine
Legendary
Offline
Activity: 1806
Merit: 1164
|
|
September 04, 2017, 12:22:13 AM |
|
I hate to be a Debbie Downer but I do not like the risk/reward for btc right now. If we manage to break through $5000 I see a maximum of $5500 to $7000 before a major (meaning painful) correction. I am talking about $2500 to $2800, 50% correction or back to the weekly 20 MA. You know it will come, we just don't know when. I would rather wait for a huge discount to buy. I hope I am wrong, really, but I doubt it.
|
|
|
|
|