The government did just try to stamp out bitcoin - at least a little bit - by shutting down a major conduit for USD purchases (MtGox via Dwolla).
The market barely reacted, international press is mostly questioning the true motivations of the action, and bitcoin is trading up 10% since the seizure. It's safe to assume the genie's out of the bottle and no amount of US regulatory over-reach is going to put it back now.
Scorecard:
DHS 0
Bitcoin 1
Topic: 2013-05-18 Pandodaily - A bitcoin bubble could be good for everyone. (Read 889 times)
May 18, 2013, 05:21:55 AM
If the US government..........
Meh. People outside the US will continue to use Bitcoin and other cryptocurrencies regardless of what the US government does or doesn't do.
Meh. People outside the US will continue to use Bitcoin and other cryptocurrencies regardless of what the US government does or doesn't do.
May 18, 2013, 03:45:13 AM
http://pandodaily.com/2013/05/17/a-bitcoin-bubble-could-be-good-for-everyone-2/
Bubblelicious, Nice piece....
"In the next few years, if the US government doesn’t try to stamp out bitcoin, it will follow a similar course. And when the bubble bursts – if it manages to get to that point – an entirely new currency will have taken root with a vast infrastructure to support it.
First, though, more air must be pumped into the bitcoin bubble. And there’s a whole lot more room before it will pop."
Bubblelicious, Nice piece....
"In the next few years, if the US government doesn’t try to stamp out bitcoin, it will follow a similar course. And when the bubble bursts – if it manages to get to that point – an entirely new currency will have taken root with a vast infrastructure to support it.
First, though, more air must be pumped into the bitcoin bubble. And there’s a whole lot more room before it will pop."
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