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July 06, 2016, 10:30:50 PM

Nonetheless, Bitcoin seems to continue hold a pretty decent place in this whole scheme of things.... At some point, there may be some other complementary systems to bitcoin, but a lot of us who already know and study bitcoin, should feel really excited about bitcoin when we are also seeing the folding and unfolding of other world developments, including the various financial systems.  I personally don't think that it would be good for anyone, including bitcoin holders, if there were a total financial system implosion, but some of the weird and ongoing subtle and camouflaged collapses of various fiat systems seems much more conducive to the prospering of bitcoin.
I'd rather find that we would switch from one financial system to another seamlessly trough adoption. People who come to the party prepared, don't have anything to lose. We don't even need end-point users to adopt anything new, just the financial institutions.

JJG, can you speculate a scenario where Russians instead of trying to ban bitcoin, would start hoarding bitcoin. Also what are the odds of any country publicly announcing that they are hoarding bitcoins? Also aren't governments the biggest institutions that are currently interested in bitcoin?

Thanks again for the idea to document my finances in excel, it has worked out for me really well.