A Prediction: Bitcoin Is Doomed to Fail

Re:A Prediction: Bitcoin Is Doomed to Fail by GhotiFish on Wednesday November 27, 2013 @07:36PM (#6812308)

I'm not downplaying anyting. Bitcoins intention is to be a real currency. You don't turn your dollars into Canadian Tire money to shop at Canadian Tire.

Saying you're not supposed to convert bitcoin is the statement of someone who thinks bitcoin is NOT an investment. So... not a goldbug.

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Re:A Prediction: Bitcoin Is Doomed to Fail by betterunix on Wednesday November 27, 2013 @11:09PM (#6812968)

There are only two ways that you could have a work where Bitcoin does not need to be converted to other currency:

1. People stop bothering to follow the law, and governments throw their hands in the air and do nothing about it.

2. Governments start accepting Bitcoin for tax purposes.

I am not confident that either of these will happen...

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