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The conspiracy theorist in me says the powers that be will not abide a non fungible currency. Fractional reserve banking, the fed's actions to stimulate the economy through printing, these things dont't work with bitcoin.


I'm optimist because:

1. Bittorrent is not shut down. And in average, people are getting freer with new tech, not more controlled. Some vocal revolutionaries are still easy to find and catch, just like in Jesus times. But average guy who is not specifically targeted, he's quite free.

2. Government is always a parasite on productive society. If it gets too heavy, it breaks the economy and dissolves without something to eat. If productive people start working with Bitcoin, that's where the value will be and govt will have to adjust and feed from that. BTC can be confiscated and monitored, but not outright banned. Gold was not destroyed when fractional reserve system was bootstrapping. It was relocated from weak hands to armed ones and then used to trade between other well-armed hands. Gold still maintained value, and very big one.




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