Bitcoin is a online cryptocurrency which is not accepted by everyone but real money is accepted. Bitcoin is more safe than real money as it is online secured with a password.
"Real money" is not accepted by everyone either
There is no real money in the sense of one single currency, there are many different currencies out there. Some of them, like the US dollar or Euro, are more or less accepted everywhere (at least, you won't starve to death with them anywhere, if only in Antarctica), other minor currencies are accepted only locally. And it remains to be seen whether Bitcoin isn't accepted more widely than the latter. Should we thus conclude that local currencies of small countries are not real money at all?
Very well stated, deisik. I should copy that, memorize that, and tell that to everyone I know involved in money & investments
You're welcome!
Yeah, government can't dictate or manipulate the price of bitcoin. They can't stop if it will rise continuously. Only the users of bitcoin can dictate the price of it. If government will manipulate the price of bitcoin it will not be good for us because only them will benefit from the manipulation of it and not us. They will control the supply of bitcoin and make benefit from it.
While governments can't allegedly manipulate the price of bitcoin (though this is debatable, see the Chinese miners), they can easily make the lives of ordinary bitcoiners a lot heavier by setting all kinds of obstacles for using it (see the Great Bitcoin Firewall). Right now it may be prohibitively expensive for the governments to take any proactive steps against Bitcoin, and they are just allowing things to develop on their own. But if Bitcoin should grow and start threatening the financial powers of the governments, they could easily collude in, say, the US Security Council and declare Bitcoin universally outlawed...
For example, on the pretext of using it for drug trafficking, money laundering or terrorism financing
