Is Bitcoin be able to Kill the Bank-System ?

[giletto]

Money =/= Bitcoin.

If BTC is forbidden to exchange, the worth of 1 BTC will falling far under 1 USD Cent, because only a handful geeks and nerds use it for nostalgia reason...

So if you want send me 100USD you must send me the entire amount of 21Million BTC. Yeah!

BTC is nothing worth, only what ppl are willing to exchange. And without exchanger= no ppl= no worth anymore.

[hilariousandco]

Money =/= Bitcoin.

If BTC is forbidden to exchange, the worth of 1 BTC will falling far under 1 USD Cent, because only a handful geeks and nerds use it for nostalgia reason...

So if you want send me 100USD you must send me the entire amount of 21Million BTC. Yeah!

BTC is nothing worth, only what ppl are willing to exchange. And without exchanger= no ppl= no worth anymore.

You are ridiculously wrong. People don't have to use exchanges to trade the currency. As long as people believe it has worth and are willing to use it as a payment medium, then it will be valuable.

[giletto]

Interesting. And what you do with your BTC if you can't exchange in a currency, which you can use somewhere in the world?

You can't buy food in supermarket or pay any bill with your BTC if forbidden by government. Thinking before posting.

[hilariousandco]

Interesting. And what you do with your BTC if you can't exchange in a currency, which you can use somewhere in the world?

You can't buy food in supermarket or pay any bill with your BTC if forbidden by government. Thinking before posting.

It's you that isn't doing the thinking. You don't need to use exchanges to exchange the money. People were trading in BTC long before the exchanges. You can meet people on the street or trade it online.

And under what legal grounds will the government be able to ban it? Regardless of "bans" or regulations, people will still use it

[giletto]

Dude, honestly: Are you really so naive?

since when need the government of the united state for example a reason to forbidden something? Or any other government of all this "democracy" governments in the world?

Remember what was happen with JF after he try to change the money printing and want to establish a own $$ without the FED control? And you really believe, that they need a reason? I guess you are really young, right? Young and naive.

And the other point, this is ridiculous and funny together!

What is the sense of a internet currency, if i have to go on the road, to found somebody (geek or nerd) to exchange my worthless BTC in a useful currency? You are funny dude. Really funny.

Even if they ban BTC and forbidden by law, you want found some "private" exchanger on the road? It's like deal with drugs...hahaha cool idea! And i am sure MANY exchanger will wait on the road, always worry to get catched and go straight on to the jail.

Probably there will be for sure some, but try to imagine HOW many ppl would like to use that difficult and dangerous service...and how much will 1BTC be worth in this future scenario? Per mill of a $0.01...as i wrote above.

[hilariousandco]

Dude, honestly: Are you really so naive?

since when need the government of the united state for example a reason to forbidden something? Or any other government of all this "democracy" governments in the world?

And the other point, this is ridiculous and funny together!

What is the sense of a internet currency, if i have to go on the road, to found somebody (geek or nerd) to exchange my worthless BTC in a useful currency? You are funny dude. Really funny.

Even if they ban BTC and forbidden by law, you want found some "private" exchanger on the road? It's like deal with drugs...hahaha cool idea! And i am sure MANY exchanger will wait on the road, always worry to get catched and go straight on to the jail.

Probably there will be for sure some, but try to imagine HOW many ppl would like to use that difficult and dangerous service...and how much will 1BTC be worth in this future scenario? Per mill of a $ cent...as i wrote above.

I think you're the one being naive here. Tell me how would the governments ban Bitcoin without banning the internet or computers? You wont have to "go on the road". You'll deal with it on the internet, like you do already. It's funny you mention drugs, they're banned but look how easy I can buy them online and on the streets. Prohibition or bans wont work, but you're a funny dude.

[giletto]

I wrote it already how. Just ban the official exchanger, and the BTC price will crash to USD0.0000001 per BTC.

You saw what is happen in china a few days ago? They DON'T forbidden anything, JUST make it more difficult to exchange the FIAT in BTC.

BTC was falling about 50% within hours.

Can you imagine if they ban all BTC exchanger worldwide, what gonna happen?

BTC will be a underground currency use by some geeks and nerds. Sure. But with a worth of $0.000000001.

[hilariousandco]

I wrote it already how. Just ban the official exchanger, and the BTC price will crash to USD0.0000001 per BTC.

You saw what is happen in china a few days ago? They DON'T forbidden anything, JUST make it more difficult to exchange the FIAT in BTC.

BTC was falling about 50% within hours.

Can you imagine if they ban BTC worldwide, what gonna happen?

BTC will be a underground currency use by some geeks and nerds. Sure. But with a worth of $0.000000001.

Tell me how they will ban it? The world cannot ban BTC. It would be foolish to even try. What do you mean official exchanger? You're just making up numbers now. The value fell and it has now risen back with or without China.

[giletto]

Just found a reason, easy as that! Money laundering, drug currency whatever! WHAT they found to ban make no matter, the reason WILL be easy to found.

Official exchanger are all the exchanger, which you can found now. Easy to ban the handful. And if they forbidden by law there will not be much underground exchanger, who want get in trouble with law or go to jail for this little profit.

How many of the bear coverings will keep they fiat money within btc, what you guess? If you guess right, then you will understand, how the price of BTC will crash. Or WHAT you guess, is the reason of 1BTC=800USD? The comunity/geeks/nerds? Hahahaha you are naive mate.

[TheBandit]

It all depends on how much people and businesses will use BTC in the future. If people are able to pay their groceries and tuition with BTC it might have a chance. One big problem imo is that it'll probably never replace USD/EUR because banks will still demand the mortgages and loans to be payed in these currencies.

[hilariousandco]

Just found a reason, easy as that! Money laundering, drug currency whatever! WHAT they found to ban make no matter, the reason WILL be easy to found.

Official exchanger are all the exchanger, which you can found now. Easy to ban the handful. And if they forbidden by law there will not be much underground exchanger, who want get in trouble with law or go to jail for this little profit.

Apply all those reasons to fiat currency and drugs.

Again, we don't need exchanges.

[giletto]

It all depends on how much people and businesses will use BTC in the future. If people are able to pay their groceries and tuition with BTC it might have a chance. One big problem imo is that it'll probably never replace USD/EUR because banks will still demand the mortgages and loans to be payed in these currencies.

That is absolute right! Its 100% depend on that. And if BTC grows to much, without the control of the FED and central banks, they will found a reason. It's just the matter of attention, now BTC is still not interesting enough.

[giletto]

Just found a reason, easy as that! Money laundering, drug currency whatever! WHAT they found to ban make no matter, the reason WILL be easy to found.

Official exchanger are all the exchanger, which you can found now. Easy to ban the handful. And if they forbidden by law there will not be much underground exchanger, who want get in trouble with law or go to jail for this little profit.

Apply all those reasons to fiat currency and drugs.

Again, we don't need exchanges.

For a price at this level now, you need big exchanger worldwide. Take tmr all of the big exchanger out the game, 1BTC is $0.0000000001 worth, like many other worthless alt coins. What you think, why alt coins are so cheap? It's just about attention and acceptance. If BTC would not have that much exchanger, the price would be the same like devcoin, shitcoin, lickmyasscoin or many other.

[NextGenBit]

So it essentially a consensus that btc has a certain value based on market value, (what people perceive btc is worth depending on demand) if more online merchants and the possibility of local merchants to accept btc then the demand to own btc will be more. It's basic supply and demand, the more places that accept btc as a form of payment the better for the market. The issue comes with it's variability in price daily, merchants that operate on constant monthly payments or recurring transactions will be skeptical since the ability to write a contractual agreement is gonna be hard. Ehh it's all speculation really.

[giletto]

That is right, NextGenBit. Right now bankers are not really much worry about the BTC, because they not lost money.

Take a look.

http://www.cryptonews.biz/what-banks-should-do-to-save-their-business-from-bitcoin/

[hilariousandco]

Just found a reason, easy as that! Money laundering, drug currency whatever! WHAT they found to ban make no matter, the reason WILL be easy to found.

Official exchanger are all the exchanger, which you can found now. Easy to ban the handful. And if they forbidden by law there will not be much underground exchanger, who want get in trouble with law or go to jail for this little profit.

Apply all those reasons to fiat currency and drugs.

Again, we don't need exchanges.

For a price at this level now, you need big exchanger worldwide. Take tmr all of the big exchanger out the game, 1BTC is $0.0000000001 worth, like many other worthless alt coins. What you think, why alt coins are so cheap? It's just about attention and acceptance. If BTC would not have that much exchanger, the price would be the same like devcoin, shitcoin, lickmyasscoin or many other.

Alt coins are worthless for many reasons, mainly because you can't buy shit with them. It's not because they're not on exchanges because many are. You can get many crapcoins on exchanges like Doge. You're just making figures up out of thin air based on your own naive and misinformed logic.

[giletto]

No, you just don't get the point. I talk about a possible future scenario. This point you wont or can't figure out. But never mind, is not my job to teach a BTC fanboi about economy or what is a possible worst case scenario.

I like BTC too, but i watch everything with open eye and open mind.

BTW, take your BTC tmr, and try to pay for your expenses, bills, food and so on. Can you?

[hilariousandco]

No, you just don't get the point. I talk about a possible future scenario. This point you wont or can't figure out.

I get your point, it's just based on nothing but your own opinion and is fundamentally flawed.

[giletto]

This thread is about possibilitys. So EVERYBODY can only guess and share opinions. You should learn to open your eye and your mind. BTW, if you read in internet, you will found, that i am not alone with my opinion. Many owner of BTC thinking same me, not only BTC hater.

[hilariousandco]

This thread is about possibilitys. So EVERYBODY can only guess and share opinions. You should learn th open your eye and your mind.

They are both open. So it is possible that one Bitcoin will be worth one hundred trillion dollars also?