Bitcoin goes legit by the IRS

lancis · Apr 3, 2014

Botwiz said:
Abolish the debt potentially, finally get the amero/global currency in motion aka govcoin. Those are a few things that come to mind.
I honestly hope that I'm wrong as I do hold a nice stake of btc/alts so I want to see nothing but success. Just tossing out a semi biased/opinionated view on where this could potentially go.

I believe that for a government the process will be a lot more complicated than for a team of enthusiasts.

First, because there is a conflict of interests. The government will want to own the "printing machine" and have a full control over transactions. The people who switched to Bitcoins on the other hand will want the total opposite.

Second, because official release of new cryptocurrency will devalue the dollar and shatter the banking system. The banks are not ready to deal with cryptocurrencies on a major scale, and I'm not sure they will ever be, because there is no business model I can think about that will benefit both the banks and the users.

The initiative will most likely come from the bottom and not from the top, i.e. things like Auroracoin will spread slowly and will start to dominate on local markets.

PinguSpy · Apr 3, 2014

Istead of buying BTC, I should buy google stocks then.

Google stock drop from 1k to $500. due to stocks split. And it will jumping to $1K back. Todan another $20.00+ increase.

arghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

Botwiz · Oct 28, 2018

Botwiz said:
Sure I'd be happy to. Lets put things in perspective this was put together by some group/government/etc. (speculation)
So you build this idea and allow it to blossom then ensure it is adopted and infiltrates all countries regardless of a ban or warnings/etc. using heavy media attention.
Then as more adoption occurs atms, btc banks, exchanges, more alt coins, etc. you roll out stage 2. Which is the government based crypto that then becomes the standard for each country/globally. Then you do a smear campaign of sorts to undermine all the rest. Whether that is hacking or killing off exchanges or certain regulations or what have you. The government is more then creative.
Its pretty easy to understand. To me that seems like the road this is going down. Of course my opinion/perspective could be completely wrong though it definitely has plenty of signs pointing in my general belief at this point.

Looks like this already starting to happen aka stable coins. Funny to re-read these random outbursts I used to post on this forum.

Bitcoin goes legit by the IRS

lancis

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PinguSpy

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Botwiz

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