tag:blogger.com,1999:blog-3758330678390419129.post29265520783925688..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Freedom of the Press Foundation Now Accepts BitcoinsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-31429740838828435552013-04-09T15:28:24.582-04:002013-04-09T15:28:24.582-04:00This isn't faith in the power of the state. T...This isn't faith in the power of the state. The state has a monopoly on the use of force. Unless that changes relatively quick and somehow legal tender laws get repealed, BTC is going to get smashed.Cory Bricknerhttps://www.blogger.com/profile/04615059918614218841noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72353428168836390722013-04-08T20:49:20.460-04:002013-04-08T20:49:20.460-04:00> It's very east to crush the demand of Bit...> It's very east to crush the demand of Bitcoin by prosecuting anyone who converts back into dollars for financial fraud. <br /><br />Then Bitcoin moves to currencies that aren't connected to to governments that prosecute users of the currency. The dollar will be dead and buried if the Feds try to prosecute Bitcoin users.<br /><br />> This BTC worship is irrational. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80113437336743505642013-04-08T18:29:31.160-04:002013-04-08T18:29:31.160-04:00No, wrong.
Bitcoin is doomed.
It's very east...No, wrong.<br /><br />Bitcoin is doomed.<br /><br />It's very east to crush the demand of Bitcoin by prosecuting anyone who converts back into dollars for financial fraud. <br /><br />The IRS will specifically start targeting businesses that accept Bitcoin. No large corporations will EVER accept a currency that competes against the dollar for this exact reason.<br /><br />As more and more Timothyhttps://www.blogger.com/profile/17135583052376964945noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78640364403681431022013-04-08T18:16:58.708-04:002013-04-08T18:16:58.708-04:00The other, far easier way, to stop Bitcoin at this...The other, far easier way, to stop Bitcoin at this juncture is to make it basically impossible to buy bitcoins with fiat and/or convert bitcoins back into fiat. Bitcoins market is currently way way too small to survive that Danger Pioneerhttps://www.blogger.com/profile/15978715863845118886noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87220573126716530762013-04-08T17:41:59.619-04:002013-04-08T17:41:59.619-04:00This BTC worship is irrational. As Bob has stated,...This BTC worship is irrational. As Bob has stated, you can kill BTC by killing the exchanges. If you cannot convert to currency at this point in time BTC becomes useless.Cory Bricknerhttps://www.blogger.com/profile/04615059918614218841noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3279053043336007022013-04-08T17:06:10.180-04:002013-04-08T17:06:10.180-04:00> otherwise they will lose control.
They'...> otherwise they will lose control. <br /><br />They've already lost. The only way to physically stop Bitcoin is to shut down the net. If they shut the net down, everyone suffers including banks. If they allow Bitcoin to continue, wealth will become more decentralized and power won't rest with the banks anymore.<br /><br />They've lost. Checkmate. They just don't know it yet.Anonymousnoreply@blogger.com