The USG could easily make transfer of USD into Bitcoin impossible, so can EU for EUR.
Until we are in the matrix you need the physical world. And there governments are dominant.
Until we are in the matrix you need the physical world. And there governments are dominant.
If Bitcoin is going to be not fringe it will need wide state support of at least 51% of the world GDP. There is not a single economic bloc that could endorse the loss of the ability to manipulate its own currency.
It is an awesome real time payment system, but crappy as a currency.
Unlike the US, a hundred million+ internet users in China are already accustomed to digital money through the use of the now defunct Q coin.
It makes no difference to me if Bitcoin stays fringe or goes mainstream. It's value will continue to increase as long as it finds uses all over the globe, with or without the blessing of the USG.