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To: Errant

The showdown with the gov is coming. Will they ban it or regulate it to death?


12 posted on 02/11/2014 8:25:42 AM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: I want the USA back
I agree a showdown is coming and not with just Bitcoin. Like I said, IMO, it is a canary in the coal mine. Other areas will be health insurance, guns, economy, EPA, and etc.

Will they ban it or regulate it to death?

They are going to try one or the other. Time is against them plus the cat's out of the bag now and it's a very agile cat.

It is amazing to me that Bitcoin with a total current value of only about 10B gets the attention that it does or seems to frighten the TPTB the way it does.

I'm disappointed in the reaction of both China and Russia to Btc. Obviously their economy and currency isn't as stable as some of us had believed.

15 posted on 02/11/2014 8:42:14 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: I want the USA back

Dude, the time for banning it is over. The Government is now complicit in the Bitcoin scheme. Will manipulate it and eventually — if even decades — will adopt crypto currency.

Long term outlook for traditional personal banking is dead, long term outlook for clearing houses like paypal is bright.

If you’re young, put some investments into Electronic clearing houses and Marijuana corporations.


17 posted on 02/11/2014 8:50:11 AM PST by Usagi_yo
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