Seems the love of money does trump hardcore principles after all. Hmmm....imagine that.
I don't think anyone seriously ever believed that, did they?
Anyway, I went through the poker stuff years ago and the adult biz before that. The government rattles it's sabers and takes down a few big players and then moves on to something else. They will never stop people from doing the things they want to do, they just make it require a little more creativity, e.g. US residents are still playing online poker.
That said, knowing what a hard on the Feds have for online gambling, I can't believe evoorhees has been so public about his ownership of that site. Seems reckless.
All of this is interesting for those of us trading, but I don't think it has anything to do with the success of Bitcoin.
Bitcoin is not poker. Poker does not require mass adoption. Bitcoin is a
currency commodity and thus requires mass adoption to be successful and actually become a real currency. This is going to be the easiest takedown in the history of the USG. Once Bitcoin is carved in the minds of Americans as illegal, risky, funding of terrorism, etc...the brand is dead. The same business' that may currently be considering adoption will flee forever. And don't let a real terror organization get linked to Bitcoin. It will be unpatriotic to support Bitcoin, in the minds of Americans.
Money is mass adopted already. There is a HUGE need for quicker and cheaper transactions. There is a huge need for a cheaper paypal and a way of sending money Western Union style but easier and cheaper. There are so many opportunities.
You see, we don't even need mass adoption to be successful. We need less than 1% adoption. We are at a fraction of a percentage as is and the price is already over $100 a share. That is not a coincidence. It is not a coincidence that some big VC's are saying BTC is HUGE. We can see, you can only fear...
Further, this isn't about America. There is the rest of the world. It would be easier to go at it with America, but certainly we don't have to.
Where do you get off on the bull statements time and time again you manipulator you? Most money laundering and drug trades occur in dollars, not bitcoins. The money laundering occurs via big big banks as it is in the billions of dollars. Bitcoin is not in that arena.
People can see you as a phony because you are so one sided and non stop at that. But that is ok, everyone needs help at times.
There is a reason we are already quite successful, you might want to spend some of your time there as well and not make your one sided attacks so obvious.
The truth about VC's is most of them are morons. They throw other peoples money around and just hope something sticks. So, I wouldn't put a lot of stock into the pocket change that's come in so far. If they really thought it was "HUGE", you'd see $100 million to $1 Billion plus coming in. We're no where near those numbers as VC's are accountable to their investors so it actually speaks to their reluctance more than their bullishness.
Maybe this is just the arrogant American in me but, without America, Bitcoin is little more than frequent flyer miles. We set the trends, we say what's hot and what's not. Russia? When's the last time anything "cool" ever came out of Russia besides snow?
We don't need Bitcoin, Bitcoin needs us and with Ripple, it's going to all be possible.
VC's are often the creme of the crop when it comes to Capitalism. Now, I'm not pro capitalism, at least not in its current rendition, but I don't look a gift horse in the mouth.
They are however careful with their money. I was there in the early days of the internet and I saw the power early on. I see THE SAME SORT OF DISTURBANCE regarding power with bitcoin (and cryptocurrencies). It isn't about the money, it is about the change.
Look, I don't see BTC being out of America any time soon. It serves a function, clearly. All I said was it probably goes forward with or without America, especially since many countries (e.g. China) are a bit too heavily vested in dollars. Read into that one.
No, we do need BTC. That much is clear. Visa, Mastercard, American Express, Pay Pal, Western Union - they are all threatened (in part) by BTC. They are not threatened in the loaning aspect of their businesses (nor are banks imo, at least not yet). But to be able to transmit money for essentially free, is HUGE.
Again, the way you overlook these things is really disturbing. You see nothing good. Just bad. Just look at your posts here. You are one depressing individual - which I'm sure is your intent. But love will save ya....
Ripple. LOL - eheeheh, good one.
