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...But I don't see where a currency that can be transfered across borders,person to person, with no central control or regulation will become suddenly "boring" and people will pine for the "good old days" of a Federal Reserve controlled banking regime.
There may be some truth to that EZLivin, however if you really think about it, people are already completely conditioned to a cashless society. How much of the general populace really deals with cash any more? Direct Deposit of wages is the norm, Visa Debit cards are ubiquitous, hell even welfare is all electronically disbursed these days. All of it is tied to your SS# and the banking system. At least with Bitcoin, that central tie back to the banking system is removed.
I remember people saying it was going to crash when it hit 30. Then it hit 60. Then it hit 130. Then it hit 240. Now its 1240. Is the bubble going to burst this time?
Just my opinion, but, anonymity and no central bank control is the reason I think it is doomed in its present form. By "doomed" I mean it is going to morph into something else that can be controlled for taxation purposes. Governments are intent on squeezing every dollar they can from people, and they are likely to get even more greedy as we enter the next phase of the crisis (upcoming pension funding crisis). I'll be surprised if BTC is around (is not controlled in some form) by the end of 2015/2016 as the crisis deepens here in the US. This is/has been a fascinating one to watch though.
The stock market will never fall either.This is the most irrelevant fact in the history of NWFirearms.
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What happens next? Hello money laundering and tax evasion charges, good bye your digital wallet.
I'm all for alternative currencies, but yes indeed, Gov (and bankers) will eventually shut down anything that seriously cuts into their revenues. Or as in the case of the ill-fated "Liberty Dollar," shut it down even if it wasn't going to have any impact. "Tax evasion" and "money laundering" would certainly do it; if you can't shut down the source go after the ones using it. Maybe not possible in places like Zimbabwe, but it can be done in the West. If it continues to operate the Western world there will be a reason "they" allow it to do so. Personally, I don't see a reason to own another fiat currency of any kind, but I applaud those who have the guts to do so.