The Coming Bitcoin Crackdown

[bitkilo]

We all know the old dictum: "If you can't beat 'em, join 'em!" Well, governments have their own version: "If you can't beat 'em, use your jackbooted thugs to go out and steal their idea and outlaw all competition."

https://steemit.com/bitcoin/@corbettrep ... -crackdown

[Thetamind]

I am wondering, when they make bitcoin illegal, and ban exchanges from being in business... What will happen to bitcoin then? p2p? Because I do know that the future of bitcoin is going to be met with a great amount of resistance if it comes close to mass adoption.... Governments and banks may not have quite grasped the rammifications of bitcoin yet... But when they do, it will be a war on bitcoin. So the question is, will that make bitcoins value rise, or will it make it tank?

They already have a way of painting bitcoin in a bad light, like they painted drugs in a bad light.... Bitcoin is used by drug dealers and money launderers, and for all sorts of illegal black market activities. They'll spin to story making people want to ban it, and many people will eat up that propaganda and fight it. Don't empower criminals, ban bitcoin.

So bitcoin goes p2p, but since you your neighbors might be against it.... you'll have to deal in bitcoin silently... and this will also prevent many businesses from stepping foot into the bitcoin realm too, because they don't want to be associated with drug dealers and criminals.

So, I wonder, what does bitcoins future hold, and is there way to strip the government and banks of their control over the masses through a monetary system designed to fail and keep us all in bondage, giving up our lives to earn money, while destroying the planet we live on to do it....

What indeed does the future hold? Does bitcoin even have a future? I mean yes, it will always exist, as will other cryptos for the criminals to use.... but is it possible that a crypto could ever be adopted by the masses? Bitcoin to me, represents the first glimmer of hope I've ever seen, at changing this world from the better and preventing humanity from self destructing within the next 50 years. But that's not in the best interest of corporations, banks, governments, or anyone with enough money to hold power over everyone ( rothschilds, morgans, rockefellers, carnegies, gates, zuckerberg) among others. Bitcoin is a beacon of light in a world of greed and power. It simply cannot be allowed to exist. It's anti-capitialism. It's against the foundation the system was built upon. It threatens so many of the elite that run the world, that my god, they must be desperate to stop bitcoin, or another crypt, and if they're not desperate yet, they will be.

What indeed does the future hold?

[Rmcdermott927]

Governments will try to outlaw Bitcoin and fail.

They can impose legislation and regulations on it, however, if used correctly, Bitcoin transactions can maintain pseudo privacy.


By only using addresses once, not using multiple inputs on sends, and utilizing mixer services, Bitcoin can be made virtually impossible to trace.

[mjglqw]

Can they ban it? No.

Can they convince people that bitcoin sucks or whatever and present a not-so-good alternative? Possible. I think. They just need to pay the top news sites to post false info about Bitcoin then bam.

[bitkilo]

Governments will try to outlaw Bitcoin and fail.

They can impose legislation and regulations on it, however, if used correctly, Bitcoin transactions can maintain pseudo privacy.


By only using addresses once, not using multiple inputs on sends, and utilizing mixer services, Bitcoin can be made virtually impossible to trace.

Unfortunately new and tougher regulations might be enough to scare a lot of people off, if governments want to shut bitcoin down then they will fail but bitcoin will have a hard time going mainstream after that.