Going by the blockchain network and the hashing of Bitcoin if it was a private blockchain network where only selected users could contribute to the network after been verified and authenticated would bitcoin still go this far.
No, Bitcoin won't have go far because we are going to experience the same centralization introduced by the government and the last time i checked Satoshi understand what we meed is a decentralization where every individuals can contribute if he want to.
This has been my thoughts so far. This made me understand despite how much we try to trust the government for transparent monetry transactions we still believe it can only be achieved through an opened system where everyone is a key contributor on a p2p transaction scheme.
These are some of the major reason Bitcoin was created.
My fear now is considering the digital currency that would be released and that is already in circulation from different countries operating on both private or permissionsed block chain would it be safe to invest in them.
Which currency are you talking about here? But Bitcoin is here to stay.
We all know how Gold for example is been constantly manipulated to suit personal interest. How secured are we with most of this digital currencies and what confidence do we have that since they aren't operating on an open source /public blockchain that our investments would be secured void of manipulative ventures.
Every investment is influenced or manipulated by the big boys and that include Bitcoin but the good thing is the long term holder always make profit.