Won't governments try to kill Bitcoin?

[bitcoinwilldie]

Yes, gov will kill it.   NO gov will allow a currency out of control.

[minerpumpkin]

It depends on the agenda of the government. If you're assuming there's a government that isn't interested in completely controlling the population (conspiracy theorists, please stop reading here ) you may just go and assume that they just 'let Bitcoin be'. They can observe and see what it brings, and maybe even provide a regulatory framework in order to profit from the economic growth it brings.

[justusranvier]

Yes, gov will kill it.   NO gov will allow a currency out of control.

They will try, and they will fail.

[CtrlAltBernanke420]

Bitcoin may have been a high level project created during the financial crisis and or was created long before and released into the public perhaps by a rogue entity in the gov't.

A population collapse be it cause by nature or man has the ability to turn our planet into a 1984 style police, if you want to live and eat food, here are the rules.

Cameras, facial recognition, meta-data, GPS tracking our every move, software that predicts crimes... Whether bitcoin is allowed to succeed or not is not the real threat or issue facing our freedoms. Have your freedom via bitcoin, do one thing wrong and you will be droned or locked away with a stiff 20+ year prison sentence.

Dont like it, fine, go move to some 3rd world country, have your freedom in the slums with thugs. You will never enjoy the fruits of beautiful women, luxury toys IE yatchs, condos, nice homes, vacations, fancy food, engaging relationships.

If you want those things you better be willing to dot your I's and cross your T's, and be an engineer who can build max security prisons, airplanes, robots.

We live on an alien controlled prision planet. We are mear ants mining natural and rare resources for them aliens to come down, oblitterate use like pour gasoline on an ant hill, and they will scoop up all the resources now on the surface of the planet...

Okay that last line was stretch, but the rest is the world today and likely to be the world 10-20 years from now... Drones, violence, wealth inequality are likely to continue without a hitch for atleast the next 15-20 years. It is hard to predict beyond that.

[CtrlAltBernanke420]

People also forget to hypothesize that bitcoin can be the undoing of our 7 billion strong planet.

Something that can easily be wiped out by a solar storm, carries huge risk to an entire population, considering money via electricity is how resources are distributed. No electricity means no money which means no trade which means we all go hungry.

What would happen if all of africa made bitcoin their default currency and some hacker decides to steal every last coin from them, what do they do then? Can not call on a central bank to print money and get them back in the game asap. They are according to the free market, DONE, and this could be anyone not just those outside of america with an inferior education..

Back to a phrase many of us were taught but I think its original means has been long forgotten; if you give a man a fish he eats for a day, if you teach a man to fish, he eats for a life.......n I do not think this was meant to be a metaphor, it is meant to be literal.

How many of you know how to actually catch and eat a fish? My point exactly. It is not a metaphor about learning a skill to build a dam to earn money to buy food.

Taking another literal phrase

When all the trees have been cut down,
when all the animals have been hunted,
when all the waters are polluted,
when all the air is unsafe to breathe,
only then will you discover you cannot eat money.

[Beliathon]

What would happen if all of africa made bitcoin their default currency and some hacker decides to steal every last coin from them, what do they do then?

That makes sense, because as we know, today all Africans store their wealth collectively in a giant pit they keep digging, and throwing dollars into. It therefore follows logically that they'd have all their wealth stored on one blockchain address...

[dankkk]

Government wont kill bitcoin. I'm sure they will regulate it by not allowing us to control the private keys. Bankers will operate a Federal "Mycelium" type wallet system that we can use but the private keys will be kept where the government has ultimate control over them.

It is not possible for the government to prevent us from controlling our private keys. All a private key is a very large string of numbers saved, usually in encrypted form. This would be very simiilar to saying the government would restrict what we are able to think about.

I really don't like to talk about this stuff much because most people just don't understand or accept the facts about government and who really controls a country. Government will say because of terrorism and drug money laundering and tax evasion that private encrypted keys should be illegal for persons to have and make laws to control them through a Federal Institution controlled by Bankers. In some Countries laws already exists against anything encrypted. The US government(or should I say the Bankers) will not let you keep money that they can not easily seize. You will be able to use bitcoin but they will have to have access to your private keys for National Security and safe keeping.

In the 1930's gold was made illegal to hold more than $20 and law enforcement went searching house to house and took everyone's gold and handed them a piece of paper in its place. That's also when birth certificate contracts were made into law and a $1,000,000 loan was made from the IMF through your STRAWMAN name to the US government the day you were born. It printed "Bank Note" right on the bottom of it. Your birth certificate is traded on the NYSE everyday. Most people don't even know they were born into slavery.

They still taught this stuff when I went to school and if it wasnt included in the textbooks the wise old teachers would teach it to us anyway. I've seen new text books and there is so much missing. I had a young teacher tell me I was insane for thinking that there were Japanese prison camps in the US during WW2. She said I was wrong because our government would never round up an entire race and put them into prison camps. It wasn't in the history books she said - so it didn't happen. I assume this fact has been erased from US history along with a lot of others. I guess it's true "who controls the present controls past, who controls the past controls the future".

Note: The Government does have restrictions on what we can think about. One of the first things a prosecuter does now is check your Google searches and Facebook to see what you were thinking and use that against you in a court of law. Wow, I guess ignorance is bliss.

https://bitcointalk.org/index.php?topic=755490.msg8740121#msg8740121

In the 1930's $20 was a lot more then it is today.

I also question the accuracy of your statments. Mainly that the government is able to control what people think. They very much are not able to do this. If they did they would never have faced the embarrisment that Snowden put on the government.

Also in the US the freedom of speech essentially makes it impossible to prevent someone from having an encrypted file. The fact that something is encrypted makes it impossible to know the contents of the file therefore it would be impossible to prevent someone from having an encrypted key.

[procrastinationtm]

It's all speculation. If BTC grows and starts draining tax revenue, we can be sure to see bans.

[dankkk]

@ dankk
I agree with you about the controlled speech. If you are willing to pay the price like Snowden did and be banned to a foreign country leaving everything and everyone you love behind, then they can not control your thinking or speech. It's just ashamed you can be arrested for "non-violent resisting" for disagreeing with a law officer.

One the $20 gold thing, my grandfather said a hamburger, fries and drink cost 5 cents. He also said they had turned most of their gold in and got the equivalent valued certificates, but when they searched his father's house they basicly took everything including his rightful $20 worth and only left him with a $10 note.

I agree with most of what you say but they are already in the process of shutting bitcoin related things down in the US. I used to use buy-a-hash payment system but the Fincen has shut them down along with several others. BTCGuild is having to ban NY residents from mining there due to new regulations, Florida helped the Government arrest people for assumed money laundering because they were dealing with large amounts of bitcoin and California has been sending out cease and desist letters to bitcoin businesses for 9 months now(without any luck, so that's a positive thing). I love everything about bitcoin and want it to prosper. The best thing we have going is the IRS ruling on bitcoin being personal property.

Thanks for your responses

Snowden is an extreme example. Most people would be able to use the court system to get out of any bogus charges brought against them. Snowden does not want to takt the risks that the courts may side against him.

I am not sure about the exact details of your grandfather's search, however this sounds like the search was illegal. The government is not able to enter into someone's home like this without either permission or a warrant. If permission was given then shame on him, if they had a warrant then it is likely that there was evidence of some kind of crime.

All the stuff about the NY regulations is either people spreading FUD or they do not understand the impact of the proposed regulations. The regulations will only affect people who are exchanging bitcoin to/from fiat, and even then only require businesses that do this to gather identity documents of their customers and to have at least as much bitcoin on reserve as they hold in customer deposits (meaning not run on a fractional reserve system). There is no reason why BTCguild would shut down for NY residents.

[CraftingTable]

They will, and they will fail, then they will adopt BTC

[Magicman420]

The government must not like bitcoin... I just don't see how they could be happy about this?

[adamstgBit]

bitcoin is not optional, is mandatory.

[Pacowomo]

Bitcoin will one punch KO all govs ever.