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About the same here - hope but not faith. I don't believe Bitcoin has enough people who would protest loudly if there was a severe government crackdown. Imagine if the IMF or similar org were to mandate all members to ban Bitcoin, with a minimum of 10 years in prison for exchanging, buying with, and perhaps even holding it. Sure, the network wouldn't go down, but the price... And all the proposed surveillance and censorship laws in the EU, the US, the UK, what are they for? Monitoring whether Bitcoin is being used, and by whom, if and when such a ban is put in place? Not everyone has the willingness or even ability to pull up their roots and move to El Salvador or some other Bitcoin-friendly nation. And perhaps the US would even go to war with all such nations if they don't quit Bitcoining, in order to prevent them from becoming economically bigger than the US and its allies. Wars for smaller things have been started by the US.
I'm not selling the BTC I have left, at least not yet, just in case it goes well - it has multiplied many times in fiat value from the time I mined it, and I have already used more than enough to cover those costs - and I'm earning a little bit here on SN, but I don't have more than a maybe 15% belief that Bitcoin will be legal where I live, or be worth the same or more than today in 2033.
It would need a very fast adoption by ~30% of the population in the countries under the control of the IMF and similar organizations, in my very rough estimation (guess). Within 5 years, maybe even less.
I don't believe Bitcoin has enough people who would protest loudly if there was a severe government crackdown.
Of course. I was discussing with this guy the other day, and he was telling me that Bitcoin adoption is at nearly 10%. I almost fell out of my chair! I think it's more like 0.10% I'm doing my part trying to educate people, but I'm not able to move the needle at all...
I also agree with you in the network -vs- adoption thing. I see all that people saying "Bitcoin doesn't care, 1 block each 10 minutes, lol!!"...
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