Everyone is right to be concerned about the sinister intent of those in power in the United States. Of course if bitcoin threatens their power they would want to stop it. However, the Constitution is the supreme law of the land and it does not give the government the power to ban bitcoin. Yes, the the government does have a long history of violating the Constitution, but when it does so, it does so secretly or in the name of national security. Another fact about the U.S. government is that it is usually very slow to act. That is why the present moment is extremely important. It is critical that awareness and adoption must increase rapidly now before the government can act to ban it under the radar. If enough of the population cares about bitcoin and is aware of its benefits, there would be sufficient outrage to prevent the government from banning it. Look at the anti-SOPA protests for an example what can be achieved if enough people unite in resistance against an objectionable government action. The United States is not a dictatorship like China; the fate of bitcoin in the United States is in the hands of the people. We need to take responsibility and act.
Wonder what would happen if, before many governments get around to formulating & passing law on bitcoin, we have another Cyprus style bail in or similar economic event?
Doubt we will see economic conditions change meaningfully to the upside in the next 6-12 months, infact probably more currency wars.
One poster said if no stores / businesses accept it, it will crash. Likewise if everyone flocks to it, it will skyrocket.
If adoption lags price spikes by 3-6 months, then Feb / Mar will be interesting.
Further, if the protocol proves to be as revolutionary as some predict, then regulating it harshly will drive away money, innovation and growth
I'm going long popcorn. Will be great viewing.
