The Bitcoin Cold War has begun

[cbeast]

China bans Bitcoin, then unbans, then bans. Then Argentina, Russia, Bolivia and New York do the same. At first the Bitcoin market reacted wildly, now not so much. Bitcoin is the economic battlefield of this century. Sovereigns are finding that simple denial won't make the blockchain go away. They want to do what governments do, and that is to regulate. Bitcoin says otherwise.

Sure governments can slow down adoption by banning its public use, but they are finding that more progressive nations are using that as an opportunity to gain advantage in the technology. Then comes the escalation. Oppressive regimes begin a series of doublespeak where they welcome Bitcoin, but attempt to undermine its development through propaganda. They allow banks to set government policy thinking it is in the best interest of the nation. None of them realize that Bitcoin was developed for people, not institutions.

The war will continue to escalate. More bans and more regulations will break the news, but meanwhile governments will be accumulating bitcoins because they know how the endgame is played. They know their power is threatened by Bitcoin and will tear each other apart over how to take that power. They will also tear themselves apart with internal power struggles.

This is just silly. The war analogy may appeal to the legacy financial system and Tsun Tsu fans, but Bitcoin is beyond the reach of those anachronistic social phenomena. Math is for everyone. It's not a weapon to be manipulated by bullies. This is the opportunity to develop decentralized lending and commerce. It's also the time to develop tools that can be used by the lowliest and poorest amongst us. The endgame is that Bitcoin is power. Let's make sure that power is decentralized and accessible to all.

[Meuh6879]

be patient ... all banks will fail.
in Europe, it already in the way (greek, espagna, portugal, bulgaria, cyprus ... next is the italia).

in USA, you have many cities (aka. states) that it haves crash even with 80 years tresor bond ... 

[Omikifuse]

only country that really banned bitcoin is Ecuador. Not counting countries that have internet banned, like North Korea and Cuba, of course. Others only forbit its use as a coin, or make more dofficult to exchange them to fiat.


Bitcoin still a baby, the real war is still miles away, what we have now is barely a warm-up

[waldox]

you cant ban open source software and math ideas...
these bans are like a baby crying when they dont get their way, minor hiccups on the way to global adoption

[oceans]

There will always be a Country trying to ban bitcoin, they will never succeed though and will continue to throw their dummy out of the pram when they can not get their own way. I would not say that a cold war has begun just because a few Countries have or have tried to ban bitcoin, the war is still a long way off yet because bitcoin has a long way to go yet.

[franky1]

during the alcohol prohibition.. moonshine industry had a bigger profile and was making more money than coca-cola

[Razick]

be patient ... all banks will fail.
in Europe, it already in the way (greek, espagna, portugal, bulgaria, cyprus ... next is the italia).

in USA, you have many cities (aka. states) that it haves crash even with 80 years tresor bond ... 

Banks will not fail. Change? Maybe. Fail? No. Banks provide a vital service, you can hate the way they provide that service, but you can't deny that the service is vital and beneficial. They won't be going away any time soon.

[Yakamoto]

There was a picture similar to this that I'm trying to find, but I can't seem to find it.

Banks will always try to be there, but it will get progressively more difficult to exist alongside decentralization. And bitcoin "banks" will start springing up, created by every day people, that will possibly have a better trust rating as opposed to bigger banks.

Bitcoin is set to succeed, it's almost no contest. We will flourish, they will collapse under their weight.

[TwinWinNerD]

In the coldwar there were no winners.

In this war, there will be a winner, just not sure yet who it will be.

[Ringumbau]

In the coldwar there were no winners.

In this war, there will be a winner, just not sure yet who it will be.

I will tell you a clue: It beggins with a BTC

[TwinWinNerD]

BTCillionairs?

[cbeast]

My point is: while everyone else seems to be focusing on how to get Wall Street billionaires to pump their Bitcoin wallets, I'll be focusing on getting the poorest to start saving in Bitcoin. It's like how the peasants fought back against the Samurai. Bitcoin is the ninja economy.

insert graphic of ninja with bitcoins

[p2pbucks]

  In the not far future , there will be no wars between countries .
The only war is between fiat corrupt gov and bitcoin believers

[jbreher]

during the alcohol prohibition.. moonshine industry had a bigger profile and was making more money than coca-cola

While that may be true, the pervasiveness of carbonated, sugared, poison water is a relatively recent phenomenon.

[Peter R]

Interesting post, cbeast.  I enjoyed reading it. 

[laurapalmer]

You can't stop math.

[cbeast]

Interesting post, cbeast.  I enjoyed reading it. 

Thanks. You're one of the few that does read my posts.

[Nubitcoinerr]

Why do you use the word "cold"?

[Nubitcoinerr]

Nevermind, I see because China banned it and then unbanned it, etc.

[jubalix]

be patient ... all banks will fail.
in Europe, it already in the way (greek, espagna, portugal, bulgaria, cyprus ... next is the italia).

in USA, you have many cities (aka. states) that it haves crash even with 80 years tresor bond ... 

Banks will not fail. Change? Maybe. Fail? No. Banks provide a vital service, you can hate the way they provide that service, but you can't deny that the service is vital and beneficial. They won't be going away any time soon.

around 50% of a banks service/function is made redundant by BTC tech.