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Topic: One of the worlds most knowledagble Venture Capitalists in payments view on BTC (Read 2398 times)

hero member
Activity: 518
Merit: 500
Is there a reason the majority of concerns are around what the government is going to decide and think. Have you not realised yet, they are the ones on the wrong side of the fence. If they accept it, it means that have accepted defeat and dont want to die out. The ones that dont accept it will fight it until they are replaced or weakened.

Its no longer in their hands so please stop waiting on a response and just keep pushing forward. Its already too late spreading faster than they can try to stop. Its like trying to stop the internet or social network media, Its not going to happen.

Happy trading and mining Smiley

to the moon!



That's very idealistic, and I hope you are right. But governments controls laws and banks. Bitcoin will have a very long hard struggle without being able to interface with banks.

I don't think it will. I reckon it can work alongside them fine. Governments will obviously regulate it, but it'll be as futile as the war on drugs if they try to kill or suppress it.

The acid test will be in 2014 whether banks in the States and Europe are actually prepared to work long term with properly set-up bitcoin-related companies. I suspect they will be. To date, bitcoin companies have been very "flaky" so its not surprising banks have dumped them. Lack of clear regulation and guidelines has panicked banks as well.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Is there a reason the majority of concerns are around what the government is going to decide and think. Have you not realised yet, they are the ones on the wrong side of the fence. If they accept it, it means that have accepted defeat and dont want to die out. The ones that dont accept it will fight it until they are replaced or weakened.

Its no longer in their hands so please stop waiting on a response and just keep pushing forward. Its already too late spreading faster than they can try to stop. Its like trying to stop the internet or social network media, Its not going to happen.

Happy trading and mining Smiley

to the moon!



That's very idealistic, and I hope you are right. But governments controls laws and banks. Bitcoin will have a very long hard struggle without being able to interface with banks.

I don't think it will. I reckon it can work alongside them fine. Governments will obviously regulate it, but it'll be as futile as the war on drugs if they try to kill or suppress it.
hero member
Activity: 518
Merit: 500
Is there a reason the majority of concerns are around what the government is going to decide and think. Have you not realised yet, they are the ones on the wrong side of the fence. If they accept it, it means that have accepted defeat and dont want to die out. The ones that dont accept it will fight it until they are replaced or weakened.

Its no longer in their hands so please stop waiting on a response and just keep pushing forward. Its already too late spreading faster than they can try to stop. Its like trying to stop the internet or social network media, Its not going to happen.

Happy trading and mining Smiley

to the moon!



That's very idealistic, and I hope you are right. But governments controls laws and banks. Bitcoin will have a very long hard struggle without being able to interface with banks.
sr. member
Activity: 308
Merit: 250
Is there a reason the majority of concerns are around what the government is going to decide and think. Have you not realised yet, they are the ones on the wrong side of the fence. If they accept it, it means that have accepted defeat and dont want to die out. The ones that dont accept it will fight it until they are replaced or weakened.

Its no longer in their hands so please stop waiting on a response and just keep pushing forward. Its already too late spreading faster than they can try to stop. Its like trying to stop the internet or social network media, Its not going to happen.

Happy trading and mining Smiley

to the moon!

hero member
Activity: 518
Merit: 500
Indian phuck is just trying to buy low

I think you got the wrong topic dude, or the wrong forum, hard to tell  Wink
legendary
Activity: 2912
Merit: 1060
global moderator
Activity: 4018
Merit: 2728
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US government made some bad decisions in the past. Alcohol used to be baned but this didn't stop people from drinking it. So is weed now and most people somehow tried it, so this doesn't scare me at all. If BTC has the support of the people it will survive.

And that was within something the government thought they could control because it was within their borders. Sod all chance with controlling bitcoin. Same applies to all governments.

Yeah, but we all know how much America likes to play World Police.

http://www.youtube.com/watch?v=IhnUgAaea4M
hero member
Activity: 518
Merit: 500
US government made some bad decisions in the past. Alcohol used to be baned but this didn't stop people from drinking it. So is weed now and most people somehow tried it, so this doesn't scare me at all. If BTC has the support of the people it will survive.

And that was within something the government thought they could control because it was within their borders. Sod all chance with controlling bitcoin. Same applies to all governments.
hero member
Activity: 658
Merit: 500
Small Red and Bad
US government made some bad decisions in the past. Alcohol used to be baned but this didn't stop people from drinking it. So is weed now and most people somehow tried it, so this doesn't scare me at all. If BTC has the support of the people it will survive.
sr. member
Activity: 252
Merit: 250
Keith Rabois from khosla ventures is one of the most knowledgeable VC:s in the payment space,  he says that government almost certainly will ban all marketing on BTC. He refers to days of paypal/yahoo. Must be a bit  alarming coming from a name like him, link to the interview; http://www.youtube.com/watch?v=Ia1bqXuOg04

Any thoughts comments on this.. scares me

So one vc makes random thoughs about bitcoin. Scary indeed  Roll Eyes
hero member
Activity: 518
Merit: 500
So far he's wrong regarding regulators. He's got it reversed. Europe and China are more tough on Bitcoin than America.  Smiley

Europe isn't a country. The response will vary widely between countries in Europe. As for China "being more tough", we'll find out how that plays out. Its all politics.
newbie
Activity: 14
Merit: 0
So far he's wrong regarding regulators. He's got it reversed. Europe and China are more tough on Bitcoin than America.  Smiley
hero member
Activity: 518
Merit: 500
He is pretty articulate
His view that btc in US is gonna lack adoption in more unstable countries is a good point (I think)

He may or may not be articulate.

Unfortunately your 2nd sentence isn't. I think you missed a word or three out.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
I can't see how or under what justification the US government can ban the use of Bitcoin or how they would prosecute businesses for accepting them. And if they do, prepare for lawsuits. It's certain that they're going to put regulations on it, but an outright ban of it or to prosecute businesses that use it? Nah.

The interviewer is only up 75%?? What a loser!

I'm a recent adopter and I'm up 10,000%.

Can't be that recent if you are up 10,000% ..... unless you define 10,000% differently from me  Wink

75% does sound a bit pathetic - sounds like he was very late to the game  Smiley

I'm up almost 1000% (or was at BTCs peak)  Cool.
hero member
Activity: 772
Merit: 501
Everything changed when the internet reached mass adoption. Laws that had been enforced for decades became unenforceable almost overnight. The same thing could very well happen as a result of Bitcoin's solution to the Two Generals' problem and the advent of decentralized and automated synchronization of data.
hero member
Activity: 490
Merit: 500
He is pretty articulate
His view that btc in US is gonna lack adoption in more unstable countries is a good point (I think)
sr. member
Activity: 434
Merit: 250
he says at the beginning "i am not completely sure how bitcoin will play out." but still, he has a point.
hero member
Activity: 518
Merit: 500
The interviewer is only up 75%?? What a loser!

I'm a recent adopter and I'm up 10,000%.

Can't be that recent if you are up 10,000% ..... unless you define 10,000% differently from me  Wink

75% does sound a bit pathetic - sounds like he was very late to the game  Smiley
hero member
Activity: 546
Merit: 500
The interviewer is only up 75%?? What a loser!

I'm a recent adopter and I'm up 10,000%.
legendary
Activity: 1764
Merit: 1002
lots of hubris oozing from this "expert".

just ban all marketing 'eh?  like "we can do whatever the hell we want to do".  really?  we're not talking about money laundering here, nor child pornography.  the fact that the Silk Road takedown did exactly the opposite to the price of Bitcoin of that predicted by these experts says it all.  ppl are moving into Bitcoin for very different reasons, namely store of value and its future potential as a free, non-manipulated currency.

if the gov't tries to do something unreasonable or overbearing to Bitcoin, there will be a backlash with much unintended consequence.  i can assure you of that.
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