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PayPal started accepting Bitcoin, Square bought a lot of Bitcoin, some UK startup bought a ton, stuff like that. Honestly, as a Bitcoin adopter very early on (
by fakedang 6y ago
PayPal started accepting Bitcoin, Square bought a lot of Bitcoin, some UK startup bought a ton, stuff like that.
Honestly, as a Bitcoin adopter very early on (2011ish), I'll say that Bitcoin's value is over. Ethereum too, or rather any decentralized currency. Governments don't like crypto, they don't like the anonymity it provides, so they'll find other ways to starve it. Making it a speculative investment is one such way. Shutting Down Silk Road was another. Shutting down the Dark Web sites might yet be another. Or (gasp!), creating their own legal cryptocurrency that is universal, mandated by banks to use for transactions, with some form of tracking, etc. As someone on another thread mentioned, there's nothing stopping a government from holding a gun to your head and demanding you to give away all of your crypto. Now one may suggest exchanging it for fiat, but that's a really long and cumbersome process, which will often come with significant scrutiny (as happened in my case).
- isaacimagine 6y agoSemi-related: Stellar (https://stellar.org https://stellar.org)
- fakedang 6y agoCool promo bro, but is it government sanctioned? As in 100% of profits go to government and your elected representatives? No? Good luck.