You don't quite understand technology than ... as there is no way to prevent or stop the black market. Believing this is reflecting a fantastical delusional mindset.
The grey market and blackmarket is growing not shrinking.
Again. Black markets don't need to be stopped/seized at all. People can be stopped from using Tor using DPI.
Your saying no way to stop a black market? What about silk road, the 2.0, realoaded, etc? Where are they now? Haven't they been seized?
Ahh ... I see the problem ... you think the business man that sells drugs for himself is the "baddie" but the banker who money launders for the violent kingpin is good. You think the shady anarchist with their non aggression principle are not to be trusted but the states that institutionalize violence and kill innocent civilians in mass at a 90 % rate when they sloppily drop bombs from drones are the good guys. Your ethics are perverse.
They will be running to bitcoin in short order when their criminals that control their state steal their wealth and enact austerity programs, bail ins, bail outs or the coins just suffer from hyperinflation..
You see, it doesn't matter if the US dollar and Euro are strong.... all it takes is one country in the world to have a financial crisis for bitcoin to look wonderful.
Bitcoin is the best performing currency in 2015 by far.... people are going to catch on and than
https://en.wikipedia.org/wiki/Gresham's_law starts to kick in..
There are situations when governments really need to be tough. Sometimes killing innocent people and other things like this can be quite acceptable.
It's already been $1K and dreams about $5K -$10K are a perfectly rational place for price to be driven up on the next ATH rally, if only due to speculators/traders who are along for the usual ATH ride. Whether it stays there is another story.
It's been when there was a flux of money from China that is now shut by PBOC and when there was so-called willybot. When and only when.
There will always be some 'excuse' that the speculators will have for the next rally: Some country doing capital flight, some exchange misbehaving, gox coming back, Mark Zuckerberg is going all in, something. Just wait for it.
Ok, what reason can be for the next bubble to go beyond $1000? Just don't say that the dollar will collapse or something. Only a 12-old kid can belive in such foolish shit.
What kind of people need it? Cryptopunks, drug dealers, anarchists, and other shady social groups? Normal people use bank cards and thy don't even want to hear about such things as bitcoin.
I am normal person, I use bitcoin to buy online goods. I do not like fiats which devalue year after year.
I will say what - what you do is absolutely meaningless. First you pay your bank to transfer fiat to an exchange then you pay the exchange to buy bitcoin then you pay to transfer bitcoin between wallets. Three middle men! But then unlike fiat bitcoin drops 50% in a month. Perfect.
@OP,
Your name sounds very schematic as compared to the explanation that you gave in order to make us believe what you wanted to share, and dump Bitcoins...
When you are talking about investing in other blockchains, were you speaking about altcoins???
If yes, then how will those alts get value if Bitcoins won't be there to valuate them???
Bitcoin is parent crypto as compared to any other blockchains that might take place...
I think he's referring to banks making their own blockchains. Not alts.
Altcoins too but serious ones like eth, dash, nxt, etc. Always diversify your portfolio. I mean always.