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August 16, 2013, 12:44:43 AM


Wouldn't know which, but they talk about how the government will obviously get involved, even "shut it down", but don't mention any way that could actually be done. They just assume since government has power in their own domain, they have as much power elsewhere. I wonder how long it'll take for this bunch to start talking about that.

That's because they know that like anything that deals in monetary value, all you have to do is stop the flow of money to it.  For instance, you don't actually have to prevent poker websites from being built and launched, you just need to prevent the flow of money to and from them.  Same with Bitcoin, if you can't move USD to and from it, it's virtually useless.  At least to Americans anyway, which is who Fox would be referring to.  What the rest of the world does is irrelevant.


But that is the beauty of Bitcoin, as the world moves away from this uni-polar (US dominated world) towards a bi-polar (China), and hopefully multi-polar (if the EU gets their shit together) power structures, the US axing axing Bitcoin would be a severe blow, but not a fatal one.
This is how TPB survived, even after people were being punished in the US for downloading torrents.