Topic: Do you really think governments will allow a 500 billion dollar crypto-economy? - page 7. (Read 8807 times)
December 27, 2013, 09:22:38 AM
Well governments around the world allow Google which has near 350 billion market cap so yes, why not?
December 27, 2013, 08:57:17 AM
The question is not whether governments will allow a $X bitcoin economy, the question is whether Bitcoin will allow oversized governments to exist and retain the kind of power they currently do.
....and we have the first jap-anime inclined fool chiming in with deluded sense of 'power' they hold.
Why don't you go hang in chinese and russian government custody with the weaboo kiddy snowden and find out life doesn't work out like a shounen manga/comic?
REALISTIC discussions.
December 27, 2013, 08:37:24 AM
The question is not whether governments will allow a $X bitcoin economy, the question is whether Bitcoin will allow oversized governments to exist and retain the kind of power they currently do.
December 27, 2013, 08:33:34 AM
A serious question.
Major investors and many people have been making predictions about bitcoin rising to 40,000 USD per coin.
Going by recent figures, that would mean the total market size of crypto economy will rise to half a trillion dollars.
That's easily more than half of several top 20 economies in the world. Around near 13% of annual US federal budget.
And it's supposed to be decentralized, anti-government.
Is there really a realistic possibility that a market of such size can exist without either 1. some form of governmental oversight/regulation, or 2. going fully underground as an illegal form of black economy?
Only recently a national government acted to shut down a significant portion of crypto economy. That's only when BTC reached 1200 USD. What do you think governments will do when they figure such a significant market is trying to become a national economy in its own right?
Realistic discussions please. How can crypto survive to reach the level many people want to see? Remember, nothing is particularly fool-proof. What has been made can be unmade. Nothing is absolute.
How can this work?
Discuss.
Major investors and many people have been making predictions about bitcoin rising to 40,000 USD per coin.
Going by recent figures, that would mean the total market size of crypto economy will rise to half a trillion dollars.
That's easily more than half of several top 20 economies in the world. Around near 13% of annual US federal budget.
And it's supposed to be decentralized, anti-government.
Is there really a realistic possibility that a market of such size can exist without either 1. some form of governmental oversight/regulation, or 2. going fully underground as an illegal form of black economy?
Only recently a national government acted to shut down a significant portion of crypto economy. That's only when BTC reached 1200 USD. What do you think governments will do when they figure such a significant market is trying to become a national economy in its own right?
Realistic discussions please. How can crypto survive to reach the level many people want to see? Remember, nothing is particularly fool-proof. What has been made can be unmade. Nothing is absolute.
How can this work?
Discuss.
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