Watson wrote:Very cynical Venus, but from what I've learned so far that is not likely going to be the case, being the same as the others, that is.
Not cynical, realistic.
This is more or less what I expect is going to happen when it gains more momentum:
1. Bankers start to lobby politicians.
2. Politicians suddenly become 'shocked' that bitcoins are used for drug transactions.
3. The press starts to print worrying articles.
4. Suddenly the DHS 'discovers' that bitcoins are used by terrorists.
5. President gets involved, the press, the TV, 'something' must be done!
6. Another 'patriot' bill is passed to regulate and integrate bitcoins in the banking world.
7. Goldman Sachs and cohorts buyout the major players using free Bernanke money.
8. A couple of people are rich now and show off their money, 'wow bitcoins are great'!
9. Case closed, the bankers own this thing now and can basically do whatever they want with it.