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Author Topic: Does the Government Hate Bitcoin?  (Read 1470 times)
monbux
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October 09, 2013, 10:12:48 PM
 #21

I'm hoping the government will not hate bitcoin. Because the government has all the power to destroy bitcoin network. They can create better asics, they have hundreds if not thousands of genius scientist and  most of all they can print unlimited money.

And, the FBI or other departments easily have the funds to do a 51% attack.  They would love to control.

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October 09, 2013, 10:31:38 PM
 #22

I'm hoping the government will not hate bitcoin. Because the government has all the power to destroy bitcoin network. They can create better asics, they have hundreds if not thousands of genius scientist and  most of all they can print unlimited money.

And, the FBI or other departments easily have the funds to do a 51% attack.  They would love to control.


Seriously, they care and feels threat from Bitcoin as much as they care and feels threat from WoW gold

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October 09, 2013, 10:52:53 PM
 #23

So far, in my opinion, the government does not hate bitcoin as it has nothing against their general functioing in an economy.

There will ALWAYS be people who use fiat currency and in my opinion bitcoin will never fully take over.
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October 09, 2013, 11:28:28 PM
 #24

Well, maybe not so much the government - but Credit Card companies, PayPal, etc aren't going to be kind to Bitcoin.  These big companies may have sway with the government, asking that it use strong arm tactics against what they perceive as competition.

Sincerely I am, Johnny BitcoinSeed .com
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October 10, 2013, 01:57:51 AM
 #25

I believe the government wants to control bitcoin like all other monetary resources. But governments have corporate influences (this is the primary one) along with social and economic influence. So essentially if methods of control are being changed and allow for less control from the governments position in this case bitcoin of course they will hate it.

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October 10, 2013, 02:59:49 AM
 #26

they wont if they have profit on it
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October 10, 2013, 03:05:42 AM
 #27


How does the United States Government feel about Bitcoin?


Are you kidding? They are all in too deep shit right now to hate bitcoins. May be some of them have fun mining on unpaid vacation.

Please send me my bitcoin here: 1Am8TJ4XihJ9S7kBBSiSHqBX1UUxHqKZCC

EDIT: I assume you read some news besides bitcointalk, and know something about US government shutdown.

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Coingrounds
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October 10, 2013, 03:48:31 AM
 #28

I think right now Bitcoin is still a relatively small market for them to really be taking action. I think they hate the idea of what Bitcoin could become - so they are thinking about the framework in which such an idea could co-exist with the current monetary policies. They don't want to make the same mistakes as they did in the early days of the internet.

Just my 2 cents
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October 10, 2013, 09:07:05 AM
 #29

Bitcoin is small market, so no reaction so far. I believe in future gov will want to use own virtual currency but centralized one  Smiley

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