By making the stuff illegal, we’ve created a huge risk premium in the price of the stuff, which encourages criminals to enter the market to fill the demand
Prohibition never works.
The closer we get to a free market, the better we will be...for many different reasons.
http://travistation.files.wordpress.com/2012/05/jsnnr.jpgPictured: Nancy Reagan and a guy very likely to be sky-high on cocaine during this photograph
+1, decentralisation can bring us a free market for sure. This is why I'm into btc, not the monetary value. I believe bitcoin can bring a cashless society in the future which people don't see through smart contracts etc. Eventually the trust in the network creates trust between individuals then what is the point of currency then? When everyone is cooperating as 1 unit?
Of cause this is my opinion, as bitcoin is a protocol and a ledger, which just happens to be good a currency, its not just used for that though! He possibilities already in play are amazing, what about ideas not even dreamed of yet!
That's why the value means nothing to me and that's why I'm going100% behind it. I have never seen the value in fiat and always wondered why people do. Bitcoin just confirmed everything I believed!