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It's just a commodity, why would Governments freak out about a commodity? Whether or not bitcoins are currently in a commodity bubble or not is speculation, bu
by eterm 14y ago
It's just a commodity, why would Governments freak out about a commodity?
Whether or not bitcoins are currently in a commodity bubble or not is speculation, but bitcoins are no more a currency than Iron, Gold or Tulips are.
In theory commodities can go to very high heights indeed.
- sanxiyn 14y agoGovernments do freak about gold though.
- ihsw 14y ago"There are people on many sides who want Bitcoin to fail, and who will do anything to stop it from growing. The banks hate it, because it will disintermediate and replace their business. The Statists dont like it because it will defund their socialist dreams. The gold bugs loathe it because it is not gold. Keynesian journalists bristle at the fact that the money supply in Bitcoin is limited, and dream of seeing it destroyed." Very interesting read[1] nonetheless. [1] http://it.slashdot.org/comments.pl?sid=2875465&cid=40120145 http://it.slashdot.org/comments.pl?sid=2875465&cid=40120...