People say that even if Bitcoin is not the future of currency, perhaps a future similar currency will be. But I think if Bitcoin loses the legal battle here, it might be a lot harder for a future digital currency to get off the ground. If the US Government wins here (and gets help from other countries to stop it as well), the barriers to entry for a digital currency might be a lot higher later.
Bitcoin's hope is to provoke a Wikileaks-level Streisand effect, so when the Governments go after it, it becomes 100x more popular and it gets a lot more support from the mainstream all over the world.
Re:
by spauka on Tuesday June 28, 2011 @08:26AM
(#2705087)
The article does assume that bitcoin laws will be passed, and will be used to limit and persecute those who use bitcoin.
A bit of regulation may, in fact, be a good thing, and could be used to make bitcoins an attractive mainstream investment and a well used transaction technology...
Potentially, However, since it's anonymity will continue to be an attractive proposition to a large criminal element it's mass appeal is unlikely in my opinion.
Is there anything more than the apparent wild speculation here to actually substantiate any of these claims or is this just some guy ad libbing for attention?
Bitcoin's hope is to provoke a Wikileaks-level Streisand effect, so when the Governments go after it, it becomes 100x more popular and it gets a lot more support from the mainstream all over the world.
A bit of regulation may, in fact, be a good thing, and could be used to make bitcoins an attractive mainstream investment and a well used transaction technology...
Has their been any word on a Bitcoin 2?