Once a viable exchange comes online in the US
There are perfectly viable exchanges available on the internet today, equally accessible and usable from any part of the globe.
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and governments are done cleaning up the illicit side of bitcoins (tumblers, localbitcoins unregistered users, drug/weapon trading sites, people who don't report taxes--they can find you now or later....its not worth it), the price will skyrocket.
The normalcy bias is strong with this one!
I agree that the price would rise if it were possible for the government to assert sufficient control over Bitcoin to destroy all forms of human freedom, and therefore was pleased to approve of it. That will not, however, happen, nor is it necessary in order for Bitcoin to rise in value.
The fiat system is going to collapse very, very soon. It is mathematically inevitable that debt-based monetary systems will explode. It does not require any particular economic theory or political ideology to recognize this, merely mathematical literacy. The only question is when, and the conditions are ripe even now. Central banks globally conducting coordinated devaluation is a last-ditch, hail-mary attempt to stave off the inevitable. Their toolkit is empty.
Privacy, freedom, and human dignity will be restored, and the role of the nation-state in world history will diminish. The nation-state is a product of industrialized warfare. But just as the rust-belt industries decayed and receded in importance due to changes in the technological, material machinery of society, so too will the nature of warfare change, and the nation-states decline. The state monopoly on violence is ending. In a very short time, it will be possible for any intelligent, literate person with an Internet connection to create a controlled nuclear fusion criticality using cheap and common materials. Today, only a small number of persons are aware of this technology, but within a few years it will be readily available. When this happens, mass enslavement will no longer be feasible. The political economy will transform.
Whether it is desirable or undesirable is certainly a topic of debate, but regardless of your view, it would be wise to be prepared for inevitabilities. The prospects of being caught on the wrong side of history are quite dismal.
Doom and gloom and promises of mathematical models with clear proof of the banks demise? This is what holds bitcoin back; espousing ridiculous theories as fact. Just f$%%#ing silly. There is no world in our lifetime that will see that. Working against the positive sides of existing systems will just hold bitcoin back. We need to figure out how to integrate it into the existing systems. Irreversible transactions are not the panacea for everything. There are more reasons to have reversible, but there are a huge number of remaining reasons to have irreversible with an international standard, or have a decentralized processing and storage. The current systems won't go away, but we can improve them. I'm a big fan of integration, and I think there is no other viable path short of WWIII.