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Zero to infinite. Good arguments all around. If governments decide it’s a threat I imagine it’ll go to near zero. Much to my personal shock that doesn’t seem

Zero to infinite. Good arguments all around. If governments decide it’s a threat I imagine it’ll go to near zero. Much to my personal shock that doesn’t seem to be happening.

kijin 6y ago
Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no democratically elected government wants to take the blame for that kind of eventuality.
- raducu 6y ago
  I'm not contradicting you, and I don't think bitcoin will be banned, but the US total stock market capitalization is 49T and 1T capitalization of bitcoin world wide is not an issue. I use those figures to decide on the future price of bitcoin, in case governments actually addopt bitcoin, so a future, very unlikely ~50X increase in bitcoin price is not enough for me to put money into it. I've missed my chance and a very unlikely future 50X increase in price is not worth the risk, imho.
raducu 6y ago
I don't like cryptos for multiple reasons, a lot of which could be fixed in the future. But we're way over the phase where governments would ban it, on the contrary, I think bitcoin is a last resort fix for the immense global debt. My wild theory is after elites load up on bitcoin(and also a lot of ordinary folks) governments would change bitcoin to bitcoin 2.0 and completely crash other forms of fiat currency, wiping the huge fiat currency debts in the process and also shutting up all the people who want anonimity in bitcoin(because they would lose a lot of money otherwise).
- deleted 6y ago
  [deleted]
- bbarnett 6y ago
  Governments have banned many things, wildly popular things, even in democratic nations. While I agree popularity reduces risk, some Governments have banned alcohol for years, or how about even banning certain types of securities (2008 crash)? To say it is not the same is moot, for, the point is things get banned, popular or not.
- Salgat 6y ago
  China and the US will never give up monetary policy, it's one of their most powerful economic tools.
  - raducu 6y ago
    I know, and it's just one of my tinfoil hat theory, but the fact that they haven't banned it already, or the USDT on some obvious money laundering issues, just fules my paranoia that taking over the future dominant crypto is more beneficial than just banning it now.

Zero to infinite. Good arguments all around. If governments decide it’s a threat I imagine it’ll go to near zero. Much to my personal shock that doesn’t seem to be happening.

kijin 6y ago

Bitcoin seems to be approaching the realm of "too big to fail." A trillion dollars disappearing overnight could very well precipitate an economic crisis, and no democratically elected government wants to take the blame for that kind of eventuality.

raducu 6y ago
I'm not contradicting you, and I don't think bitcoin will be banned, but the US total stock market capitalization is 49T and 1T capitalization of bitcoin world wide is not an issue. I use those figures to decide on the future price of bitcoin, in case governments actually addopt bitcoin, so a future, very unlikely ~50X increase in bitcoin price is not enough for me to put money into it. I've missed my chance and a very unlikely future 50X increase in price is not worth the risk, imho.

raducu 6y ago

I don't like cryptos for multiple reasons, a lot of which could be fixed in the future. But we're way over the phase where governments would ban it, on the contrary, I think bitcoin is a last resort fix for the immense global debt. My wild theory is after elites load up on bitcoin(and also a lot of ordinary folks) governments would change bitcoin to bitcoin 2.0 and completely crash other forms of fiat currency, wiping the huge fiat currency debts in the process and also shutting up all the people who want anonimity in bitcoin(because they would lose a lot of money otherwise).

deleted 6y ago
[deleted]
bbarnett 6y ago
Governments have banned many things, wildly popular things, even in democratic nations. While I agree popularity reduces risk, some Governments have banned alcohol for years, or how about even banning certain types of securities (2008 crash)? To say it is not the same is moot, for, the point is things get banned, popular or not.
Salgat 6y ago
China and the US will never give up monetary policy, it's one of their most powerful economic tools.
- raducu 6y ago
  I know, and it's just one of my tinfoil hat theory, but the fact that they haven't banned it already, or the USDT on some obvious money laundering issues, just fules my paranoia that taking over the future dominant crypto is more beneficial than just banning it now.