Bitcoin - is this the end?

[Professor]

[Gremlin]

If you think Bitcoin is dead then i seriously doubt you actually know what bitcoin is, who and how its being used, because if you did you would know its everything the state fears it is.

[The Comrade]

if i was an entity entrusted to protect my citizens i would also be concerned with an untraceable currency being used to buy child prostitutes and hitmen.

[Gremlin]

The cat is out of the bag.
As long as there is digital communication the state will continue to be marginalized.

Bitcoin is only the 1st successful implementation of a digital ledger. It is obvious that the mining process was put in place as a self promotion mechanism, but it also illustrated the diversity and creativity that can be implemented within cryptography.

In the near future a mode of monetary exchange will continue to find its foothold, guaranteed. The next phase of cryptography is still to be developed, but i tell you what, an uncrackable ledger that is immune to centralization sounds like the perfect certification method for property. AS a true example, the county recorder holds the keys to who owns what parcel of real estate. So here comes this sweet system in 1995, MERS, where if your part of the protected classes your able to bypass local laws and fees to buy and sell mortgage titles. Screw the county recorder because congress will just retroactively legalize all this crime later because the investment class is just to big to fail. So the "citizens" that you claim are there to be protected are sitting there being raped by the investment classes up one side and down the other. To the extent that there is a massive number of cases, where its impossible to search out the legit title holder to said "citizen's" home they are being thrown out of. No one gets in trouble, no reforms, nothing that could logically be called "protection".

Cryptography could be a solution for real estate, something that would even work for government of all levels to track the history of who owns what can be verified by anyone. Rather this state has gone completely criminal and finds it easier to up the threat level and have its followers crack jokes. Thats ok though, eventually the free market will provide, so long as the current consensus doesnt have a temper tantrum and murder the planet.

[The Dharma Bum]

[Spider]

Not dead. But the bubble has officially burst, and now we get to sit back and watch the DHT.

Honestly all that has to happen to sink it completely as anything mainstream is for the world to get fed up and quite simply ban it. Then it really is just a means of exchange for child porn rings and other underworld activities.

Honestly, I'd be thrilled to see it crushed legally and legislatively, and be nothing more than a part of criminal finance, untouchable by legit organizations. I mean hell, every single person who has any bitcoins also has child pornography links. No choice in the matter. They've been integrated into the blockchain. The CP links aren't going away anytime soon...its all part of the ledger.

There are other cryptocurrencies that might have a future. We'll see.

[Putin]

[The Dharma Bum]

[Professor]

Y'all seem to think that the majority of people WANT some decentralized currency not under control of the state. Actually, the vast majority of people like the security of a state-run system. When people overthrow a government, what do they replace it with? Another government. People like the state. They want the security of someone watching over them. People don't want to have to have the responsibility of securing their own money, much as they don't want to rely upon themselves to secure their own property. They want a system to protect them. There is strength in numbers.

[Putin]