Bitcoins will fail because no government on earth will let it be legal with something that they cannot control or get taxes from.
I think they will create something similar except that it will let all transactions be recorded.
But I still think bitcoins will be used as a black market for trading illegal things and for avoiding taxes.
Druglords and mafia can use bitcoins and only the italian mafia is extremly big, than you got the triads, the yakuza the mexicans etc.
So it will probably have some value.
Yes, I agree with that one. Bitcoins are too great a threat to the interests of the banking cabal for them to just let it take over
their business. And not only business, as one Rothschild bankster already has said: 'Let me control the issue of money in a country, and I do not care who writes its laws. Because he who has control over the issuance of money, has control over the country. And I control the issuance of money.' or something close to that. We are talking here about taking control over the world out of the hands of the biggest and wealthiest (banker) families on the world, who have shown not to be shy of (having countries) starting wars to protect their interests (in two meanings) and wealth.
No doubt, as bitcoin will grow, governments, controlled by the banks -- and that includes much like all countries, except (what a coincidence) those on the 'axis of evil': Venezuela, Libia, Iran, Afghanistan (oh no, we 'solved' that one), Syria, North-Korea -- will crack down with full force on the network.
First demonising it: "Used for laundring money, drug traficking (of course the CIA is a big user of bitcoin), weapons dealing and child porn." as if the USD isn't used for this.
Then by demonising everybody who dares to use it.
This will be combined with encroaching legislation: forbidding the exchanges to keep it a virtual currency, then forbidding the network traffic of it (deep packet inspection), forbidding TOR, restricting access to internet until everybody HAS to connect every service through an ISP portal (this will be combined with a total monopoly of the big ISP corporations).
Then SWAT-team like crackdowns on the exchanges and ultimately on the private households that are using the bitcoin network (and are listed now 'as we speak') and will continue to use it after the legislation has been passed that outlaws the use of it.
Then it will be a black market thing, with high fines and imprisonment for 'perpetrators of economic crimes'.
