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>In particular, if bitcoin is to take off are protection laws (like traditional currency) necessary Most of the protection laws were in response to abuse of th
by recoiledsnake 15y ago
>In particular, if bitcoin is to take off are protection laws (like traditional currency) necessary
Most of the protection laws were in response to abuse of the system. BTC crashing would destroy the lives of people like this one http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ http://falkvinge.net/2011/05/29/why-im-putting-all-my-saving...
Then it becomes a question of whether any technological "patches" need to be made in order to prevent subversion of bitcoin's agenda, whether the courts and govt. get involved via punishing the manipulators, regulating or banning BTC, etc.
This is shaping up to be a highly risky pyramid scheme type deal. If you get in early and strong, you can expect a high payout, but the longer you hold on, the higher both the rewards AND the risk of a total bust.