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Hmm, I think I'm just more pessimistic than you are. I agree except for the part where you implied that the internet has recently been learning anything. Centra
by freshhawk 14y ago
Hmm, I think I'm just more pessimistic than you are. I agree except for the part where you implied that the internet has recently been learning anything. Centralization is the big new thing. People talk about the solutions but none of them are really succeeding.
Bitcoin has a serious fight ahead of it. The US does not treat alternative currencies well historically once they cause any kind of trouble. It would likely have already happened if there was any single group or person that could be arrested to shut it down.
- noonespecial 14y ago>It would likely have already happened if there was any single group or person that could be arrested to shut it down. Exactly.
- freshhawk 14y agoThat's it's best defense sure, but there are other approaches that will be tried. It could quickly be illegal to accept bitcoins or exchange them or perhaps to convert them to dollars or vice versa. They hit liberty dollars with counterfeiting, wire fraud, mail fraud and all sorts of barely-applicable charges. Bitcoin will always survive internationally but it can pretty easily be blocked from being a useful factor in this issue in the US. Historical precedent tells me that's extraordinarily likely. Hopefully I'm just too cynical.