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Topic: Somebody wanted to control Bitcoin's dramatic growth - page 2. (Read 671 times)

legendary
Activity: 1148
Merit: 1048
...what? Bitcoin was created because it would become the new currency. Governments aren't going to just accept that a currency they have no control over is the new de-facto, I highly doubt that goverments are all just going to say "yeah, we're alright with everyone switching to Bitcoin". The price has nothing to do with it.

amen, but I do think the price has something to do with it as well. if the asset has a high valuation, and subsequently a lot of value tied up in it, a crash could ruin the fortunes of its citizens in a way that would affect the tax basis. im with you, this is mostly about "bullshit we are replacing our manipulatable fiat with something we cant control or disrupt permanently". fiats would fail if governments didnt manipulate them; inflation has its place in sound, short term fiscal policy. but i do think the government doesnt like all this sudden wealth creation, this transfer of value.

the status quo could change if the wrong folks got the funding to do so Wink
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
...what? Bitcoin was created because it would become the new currency. Governments aren't going to just accept that a currency they have no control over is the new de-facto, I highly doubt that goverments are all just going to say "yeah, we're alright with everyone switching to Bitcoin". The price has nothing to do with it.
full member
Activity: 228
Merit: 100
You saw, Bitcoin were step away on hitting $5000.... Isn't it awesome? I jumped into Bitcoin world in march 2016 when the Bitcoin price at $480... and I experienced around 950% growth in last 17 months. Does Bitcoin deserve for such a dramatic growth as a digital currency which is expecting the acceptance as a legal currency type in tomorrow's economy? No, Bitcoin can't achieve such a acceptance with such a fast growth since none of the legal currency today haven't shown such a behavior yet.

The main purpose behind introducing Bitcoin was a digital currency, anybody from anywhere of the world can use electronically. But, what has happened today? People have used to dress up Bitcoin as a gambling tool as well.

So, I think.... Somebody who wanted to see Bitcoin as tomorrow's legal currency type, controlled it's dramatic growth. That's what we're experiencing today.

What do you think?
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