20 years later bitcoin and goverments - page 2.

Fabrizio89

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Quote from: inBitweTrust on December 11, 2014, 07:23:55 AM

Breaking their own laws, bribing foreign governments, legal suits, lobbying, passing laws, massive propaganda campaigns has been futile in combating file sharing,

It's not like they're not doing that right now anyway, laws are intended for the people, not for who legislate. But you're right, pandora box has opened, once the markets realize this there's nothing they can do to stop it. Anyway banks and governments are a thing of the past, corporations are going to rule the world from the end of this decade, and they care about technological advancement because it makes their establishment more efficient and they continously have to grow.

justusranvier

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http://m.youtube.com/watch?v=WMQg546agpU

Beliathon

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https://youtu.be/PZm8TTLR2NU

20 years from now no one will be trying to shut down bitcoin and attempting it would be as unthinkable as shutting down the Internet is today (excepting a handful of marginalized violent 3rd world dictators). This technology is simply too useful.

In 20 years economic policy will be set by transparent blockchain consensus rather than by local governments. In 20 years all national governments will be thought of as localized, because they are.

The Bad Guy

sr. member

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Nothing really to do lol Shocked

Unless they stop the internet which will definitly won't happen. even if they can do it by closing some ports or something ... I dought that It will stop on every country. some people just don't give a shit

caga

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www.secondstrade.com - 190% return Binary option

Quote from: inBitweTrust on December 11, 2014, 07:43:18 AM

Quote from: Jamie_Boulder on December 11, 2014, 07:37:55 AM

It depends how far a country is willing to go, you will be surprised what can be achieved if you have enough power.

thepiratebay isn't fully decentralized and it has sustained numerous attacks from the most powerful countries with the greatest of motivations.
2 days ago one of their datacenters were raided illegally by bribed and corrupt agents and a day later mirror sites and cached versions were online and business as ussual.
additionally, this attack has spurred this -
http://venturebeat.com/2014/12/10/bittorrent-announces-project-maelstrom-the-first-torrent-based-browser/

Decentralized torrent browser. Any attacks on Bitcoin will simply make it stronger and more resilient.

But in case of bitcoins, they have nothing to raid. They might already be too late to shut it down now.

allthingsluxury

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Attacks can and will occur, although I believe Bitcoin will always continue to fight another day.

inBitweTrust

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Quote from: Jamie_Boulder on December 11, 2014, 07:37:55 AM

It depends how far a country is willing to go, you will be surprised what can be achieved if you have enough power.

thepiratebay isn't fully decentralized and it has sustained numerous attacks from the most powerful countries with the greatest of motivations.
2 days ago one of their datacenters were raided illegally by bribed and corrupt agents and a day later mirror sites and cached versions were online and business as ussual.
additionally, this attack has spurred this -
http://venturebeat.com/2014/12/10/bittorrent-announces-project-maelstrom-the-first-torrent-based-browser/

Decentralized torrent browser. Any attacks on Bitcoin will simply make it stronger and more resilient.

Jamie_Boulder

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It depends how far a country is willing to go, you will be surprised what can be achieved if you have enough power.

inBitweTrust

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Quote from: Tempus fugit. on December 11, 2014, 06:55:24 AM

Let's say bitcoin is going well and 20 years later (pseudo, it can be even 10 years) it's about to slap in the face of dollar and euro. Indirectly, the United States and European countries.

The goverments will just sit on their soft seats? No. What can they do to finish bitcoin?

The same thing they can do to file sharing and torrenting.
Breaking their own laws, bribing foreign governments, legal suits, lobbying, passing laws, massive propaganda campaigns has been futile in combating file sharing,

Bitcoin is alegal and sovereign and doesn't care what governments do. All they can do is drive it into the grey and darkmarkets where it will thrive. Most governments understand this and thus are trying to regulate it so they can control the fringes (onramps and offramps) instead of losing all control and driving it into the darkmarket completely which will encourage more people to participate in the largest economy worldwide.

Pandoras box has opened. You cannot kill the idea of blockchain technology and decentralized currencies. Governments will have to deal with this reality and will probably focus more on sales tax and VAT rather than income taxes in the future.

rz20

legendary

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They can't do anthing agains't a decentralized currency, I will be able to send coins to anybody if I want.

Tempus fugit.

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Let's say bitcoin is going well and 20 years later (pseudo, it can be even 10 years) it's about to slap in the face of dollar and euro. Indirectly, the United States and European countries.

The goverments will just sit on their soft seats? No. What can they do to finish bitcoin?

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