Topic: It's clear that the future of bitcoin is not in the US (Read 1176 times)

Usa banking stable system? Well thats only the general perception but in reality thats not true and i think that with california soon accepting btc as a currency the things will change

The number of CNY trades is heavily skewed by the fact that most of their exchanges have no trading fees. That has to be factored in somehow, otherwise the trading volume comparison is meaningless.

At least someone is thinking straight.

It was a rhetorical question. The original poster's assumption is that bitcoin will succeed without the US in the future. I'm just saying that without the US, bitcoin's future is murky at best and busted at worst. I'm not the original poster and I don't assume that the US will bann bitcoin at all. I'm just questioning the original poster's assumption. China tries to bann bitcoins every month or so and has succesffully trolled the bitcoin community and negatively affect the price. If the US tries the same trick, it will have a bigger effect, much bigger.

At this stage, the future of bitcoin lies with the US. As far as the real world is concerned, there are two money capitals in the world, New York and London. Not Beijing, not Shanghai.

Can you deny that bitcoin and fiat are intimately tied together at this point in time?

I am a realist and I live in the real world.

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Why would they ban something they made? 

They are even quoting a certain Mr. Okamoto in this paper.

Who knows, there's a lot of variables. Google 'Executive Order 6102' and then tell me what you think.

The US is never going to ban Bitcoin. At least not until it has wreaked the havoc it was intended to wreak.

Does anyone seriously think bitcoin will continue to rise dramatically IF the US banns btc?

EU countries have cheap SEPA, while the US mostly use credit cards. One would think that bitcoin to be more popular in the US than the richer EU countries.

Mark my words! US military intelligence never developed Bitcoin to undermine the US dollar, but to undermine a whole bunch of other nations' currencies. The US government will be congenial towards Bitcoin's growth as a financial asset but make life hard for Bitcoin as a currency within it's own borders.

http://www.businessinsider.com/bitcoin-is-going-to-take-off--just-probably-not-thanks-to-anyone-you-know-2014-6

As Bitcoin enters its fifth year in the wild, its largest concentrations of users can now be found not in the U.S. — which enjoys a stable banking system and a galaxy of existing mobile payments services — but rather in places where Bitcoin's core offerings — a hedge against inflation, a means of quickly executing transactions over long distances  — can actually be tapped into.

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The list of most Bitcoin nodes, or Bitcoin transaction confirmation servers, by population also shows the U.S. barely cracks the top 10, although there is a bit of a skew towards countries with cooler climates.

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Ironically, overall investments remain concentrated in the U.S., though that may simply be a function that this is where the money is. Still, a third of all Bitcoin VC funds are now outside the U.S.

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Jeremy Allaire, the founder of digital currency payments startup Circle, admitted that while the service is aimed at 18-34 year-olds across the world who have digitized everything else in their lives, he said he wouldn't be surprised if there were inordinate concentrations of adoption in places like Turkey and Brazil with shaky sovereigns.

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Further evidence can be found at Bitpay, which just closed on the largest-ever round of funding for a Bitcoin investment firm. The location of the firm's newest office? Amsterdam. Its other two offices outside its Atlanta base are in Buenos Aires and Montreal.