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> Can somebody explain what will happen if U.S starts to feel the pressure from Bitcoin and kills it at the point of exchange? Can you explain how they would?
by redog 9y ago
> Can somebody explain what will happen if U.S starts to feel the pressure from Bitcoin and kills it at the point of exchange?
Can you explain how they would? To me this sounds like saying the US would ban World of Warcraft cash.
- vasilipupkin 9y agothe issue is at some point you need to be able to convert btc to dollars. and if that avenue is completely closed, value of btc will drop.
- redog 9y agoBut that's not the long term plan. The way the community is pushing is out with fiat. If that's the case then the government is going to still want taxes....The way I see it they're either going to lose revenue due to the new market or facilitate cryptos to be converted for payments of taxes and all things electronic....If Bitcoin is THE success it claims to want to be.
- vasilipupkin 9y agothat plan doesn't seem realistic or possible. US dollar is not going away. BTC will have to co-exist with it and be easily convertible into it.