The real battle and the dark future of bitcoin

[masterchief001]

All have risks in the eyes of growing money faster, but now many countries have received it. No matter what happens so there is a new impetus.

Of course, government acceptance is the source of bitcoin appreciation, with each government adopting bitcoin as an energy ball, which pushes bitcoin to higher values even though it is experiencing problems.

[bobitza]

many people think bitcoin has to within 2 years become the "gigabytes by midnight" concept of replacing all fiat/visa transactions of the world.
over throwing governments etc.

the reality should be that bitcoin should remain outside of government jurisdiction and be more of the 'travellers cheques' replacement. where anyone can access and use them in any country freely without all the tax government bureaucracy.

it doesnt require jumping to 7billion people storing their entire lifetimes wealth on bitcoin. but instead treated as a new separate currency working outside/alongside fiat as a optional choice. something that allows people to privately own without control and works across borders

Fiat is a dam waiting to burst.

Silly, what makes you think it will break? It will not break; on the contrary, it will grow strongly thanks to the government, they will make it a popular currency, and it can be used in life.

[Tyrantt]

lamborghini started accepting bitcoin and pretty sure all of the rest are soon to come. So.. kind of wrong from the start.

If lamborghini accepts bitcoin payments, isn't it same as accepting cash? How does government track it for sales tax?

http://www.dailymail.co.uk/sciencetech/article-2518724/Now-buy-cars-Bitcoin-Lamborghini-adds-list-companies-accepts-digital-currency.html

Well it's probably regulated when they sell those bitcoins for their currency, so that's when they get deductions for taxes. The most important thing is that, yes you can buy cars with bitcoin.

[killerfrost]

We can see that this is a civil war, however, there is no true winner here. Bitcoin will be split, and it will drop in value, both.

[xIIImaL]

Any currency that grows fast always have a risk. Now, few countries are started accepting it. Might be, we are seeing some sort of tracking will be pushed. It remains to be seen, how well we bitcoiners stand against it.

It is not the risk of a currency, it is the risk of the crypto market. Here, everything is not official, but when they are popular, they become expensive. However, the risks are gradually being minimized. Because humans are accepting it.

Foolish thought from you. If there is fork and bump you have to think why its happening. Compare that with the other potential movement in market or adoption. Then only you will able to understand what is going to happen in future. Some time it is may be false according to judgement but most of time assumption you see like that will allow learn the truth.

[Lancusters]

We can see that this is a civil war, however, there is no true winner here. Bitcoin will be split, and it will drop in value, both.

The war is not coming. While the major currencies do not feel a real threat coming from bitcoin, but it seems to me that such a war is inevitable. I very much doubt that such monsters like America or the EU legalized ever bitcoin. But it doesn't matter. Bitcoin will live.

[South Park]

Any currency that grows fast always have a risk. Now, few countries are started accepting it. Might be, we are seeing some sort of tracking will be pushed. It remains to be seen, how well we bitcoiners stand against it.

Due to its design, there is no middle path or negotiation. Either bitcoin gets crushed or it will replace fiat currency. The second option is feasible only when the government doesn't need tax money and doesn't need to monitor money movements. When govt can't track money, they don't know why the payments are being made. Governance fails due to lack of tracking and lack of funds.

In fact there is a middle path, bitcoin coexist with fiat, like what we are seeing now, I do not think it will come the point where there is no fiat, governments will keep printing their useless sheets of paper without any value and people are going to keep falling for that.