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We kind of do. The tendency is to say that it either incorporates a lot and becomes very valuable and the de-facto international store of value and currency (a
by BrokenPipe 13y ago
We kind of do.
The tendency is to say that it either incorporates a lot and becomes very valuable and the de-facto international store of value and currency (as well as representing a number of assets such as stock or estate property) or it goes to zero.
It's volatility is certainly decreasing as times goes by and the big picture is certainly positive as things stand although I agree that it would take a simple coordinated move to ban it in the western world to take it down.
Yet this has not happened yet and I can't stop but wonder why given what it has happened to Liberty Reserve and we have seen coordinated moves for far less (Kim Domcom with Mega for instance).
It would be enough for it to be regulated such that tax or vat needs to be added and bitcoin would immediately be heavily affected.
Furthermore we do not know who created bitcoin and their real motive.
In my view it is much better than the current central bank situation but it seems there is a side of it that means it has no one accountable.
Should mining ever get compromised (if it is not already) it is not really clear to me that we would even notice.