Topic: FBI is after bitcoin? Good! - page 4. (Read 5057 times)

The OP is very high quality observation and analysis, and very prescient actually.  Sad (in a way) but very likely quite true.

Indeed it has seemed to me at times over the past few years that 'they' were actually propping the solution up and incubating it if anything.  Most clued in people see distributed crypto-currencies as a stunningly powerful thing fairly early on in their research.  It would not surprise me in the least if fighting Bitcoin were anticipated by some as a rich vein of revenue and power if it could just get off the ground.

none of what you said will happen. in my opinion your assumptions are irrational.

if something similar would happen(it will not), the FBI would slowly close bitcoin. juicing every dollar out of the government and only doing just enough to keep their department open. if they completely fail, they will just be closed.

Sure, but there is more to it. The point is that FBI will want BTC to grow.

I've thought about moving myself!

+1

Must be shame to be US citizen

im happy i dont live in the us..

Typical american institutions. The only threat is national debt and colapse of current monetary system

Any publicity is good publicity

You all know the yesteday's news: http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/
Congress wants FBI to investigate bitcoin threat and report what resources FBI would need to contain it.

What would any sane bureaucrat would answer to it?
Yes, sirs, BTC is a problem. Yes, sirs, we work on it. No sirs, there is not enough people and money. We need more. Heaps more! Because the problem is HUGE! We need to create a special Anti-Bitcoin Department and make me the head of it!

So, the FBI will have vested interest in BTC: It will want bitcoin to be a big problem. This is both a good and bad news.

The bad news is that FBI need to bitcoin to be a problem. Sorry, Gavin, but all efforts of "upstanding, law-abiding, clear-thinking citizens doing interesting things with Bitcoin" will not help. Bitcoin won't be allowed to become a respectable, reputable business. It will be pushed, with all might of "coordinated Federal response" to the area of pedo-terro-launder-underminers. Because FBI will want bitcoin to be there.

The good news is that FBI will want bitcoin to be. The end of BTC will mean the end of Anti-BTC Department. And the Anti-BTC department will not want to die, it will want to live and grow! So the FBI will want bitcoin not just to be, but to be a big problem. Yes, they will push us underground, but they will help us grow down there!

And a year from now the head of Special Anti-BTC FBI Department will be saying something like this: "The bitcoin problem is solved, I can be fired. We were fighting like lions, but what could we do? We were outnumbered because we were understaffed and underfunded! I warned Congress, but they didn't listen! They gave me only a half of what I was asking for! And as a result for this year the bitcoin has grown tenfold! And my secret personal stack of coins have ghown tenfold as well. Now we need ten times more staff and ten times more money!"

tl; dr: FBI will push BTC undergroud, but will help it grow.