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RE: Greed is Crippling Cryptocurrency
You can't just go ahead and completely untie yourself from governments. Even if in the future we are going to have sort of a self-governing system it will take a lot of time to get there and in its current state, BTC is not good enough. Firstly, there is the scalabitly problem, then there is volatility and lastly, it can be used for illegal transactions easily.
@exscudo, No, not completely yet because they would throw me in a cage if I tried, but the further a man can push the state out of his life, the better. I don't think BTC will always be the dominant currency. It will only be that way till the market provides a better option. That's the way it should be. There are tons of projects out there experimenting ways to solve that very problem and more.
"Illegal transactions"? LOL! What are you talking about?! God forbid it does what it's designed to do and give people economic freedom.. Black markets are free markets, my friend.
"Black markets are free markets, my friend." So, child pornography, untraceable guns, drugs– are a good thing just because they represent freedom? Imagine your kids getting into heroin because it suddenly became accessible via Bitcoin. No thank you, I don't want to support this future and this type of economic freedom. I'd rather pay my taxes and account for my money if I had the choice to support black markets or lose my freedom.
Thankfully, again, I do believe that there is a middle ground here and nobody will have to make this type of choice.