Bitcoin smackdown coming - page 2. | Bitcointalksearch.org

Velkro

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Quote from: markj113 on October 19, 2016, 07:12:54 AM

And this is Bitcoin's Achilles heel, the minute it shows any signs of mainstream adoption they powers above will stomp on it. There is not a chance in hell they will give up power and control easily.

Don't worry ,often is too late to stop it after they will try.
Its already here, its working, its real innovation. U can't stop this, major adoption also.

franky1

legendary

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pre-emptive strike before then releasing the banks "hyperledger"

Omegasun

hero member

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Bitcoin is huge threat on fiat. All the best feature that fiat didn't have is on bitcoin. If bitcoin is continue to boom. I think many country will have a economical crisis. I hope that bitcoin will not get ban

~Bitcoin~

legendary

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Quote

The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income.

Who need cash and who in the current world want to hold cash and go for shopping. Grin

Whatever they say, at end they will realize that they can only tighten the law/regulation regarding bitcoin and couldn't stop bitcoin transactions. So over time that rule/regulation against bitcoin will be not functional and not practical for sure.

European Central Bank

legendary

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it would certainly be a test of anti fragility.

they already have everything they need in place in terms of controlling exchanges.

their attitude kinda says it all. they deserve to lose control of their money supply.

yayayo

legendary

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It's really funny seeing these muppets wetting themselves over Bitcoin. They are deeply afraid that people will no longer use their fiat trash and might choose a free non-inflationary alternative. What makes it even more hilarious is that the ECB's push to eliminate physical cash in order to tighten monetary control and give rise to a negative interest tax is indirectly promoting Bitcoin. Once people have become aware about Bitcoin, the ECB will have a hard time convincing to use their virtual fiat debt money that is subject to constant expropriation.

I think within the next 5 years, things will grow out of hands of the ECB. People in the EU must expect more draconian measures against Bitcoin in the future. Of course none of these efforts will be successful, because you can't compete with a sports car by riding on a horse buggy.

ya.ya.yo!

markj113

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Quote from: LoyceV on October 19, 2016, 07:23:11 AM

To get back on topic: I don't think ECB/EU will be able to regulate Bitcoin, and even if they do, I don't expect it to lose value over it. If anything, it's value will only go up!

Bankers control the politicians. If they decide its a threat they politicians will make it illegal, slap a huge fine or jail time on the punishment list and you can kiss mainstream adoption goodbye.

The EU is a large marketplace and if banned will have a negative effect on price.

LoyceV

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Thick-Skinned Gang Leader and Golden Feather 2021

This comment under it sums it up nicely:

Quote from: markj113 on October 19, 2016, 07:12:54 AM

the minute it shows any signs of mainstream adoption they powers above will stomp on it

I don't think banning Bitcoin will stop mainstream adoption. Compare this with downloading music: although illegal, most people have done it.

markj113

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ECB wants to curb bitcoin -

http://www.zerohedge.com/news/2016-10-19/ecb-wants-curb-bitcoin-use-over-fears-it-may-lose-control-over-money-supply

And this is Bitcoin's Achilles heel, the minute it shows any signs of mainstream adoption the powers above will stomp on it. There is not a chance in hell they will give up power and control easily.

Topic: Bitcoin smackdown coming - page 2. (Read 1169 times)