Don't panic, page-92

"You really are flying high if you thought that banks and governments were simply going to allow you to circumvent the taxation system and banking system completely."

There is nothing fundamentally they can do. It's a distributed P2P system like Bittorrents. You can use Tor to circumvent Government controls. Transactions can be spoken or transacted through other non-standard means (auditory, visual mediums etc) to also circumvent.

Suggesting that there is anything that they can do to its fundamental function is about as gullible as suggesting that the Government can 'shut down' the sun. They've now had a whole decade to do something. Another several of these and I won't be around any longer to wait.

"Who sets the price, what sets the price"

The price is what somebody pays for it. It's in your head. It blows my mind that people don't comprehend where value comes from in the year 2018. Most of society's comprehension on this subject is on par with the moronic practices of burning witches and bloodletting:

https://hotcopper.com.au/threads/au...fically-coinspot.3581274/page-2#post-29310551

"Crypto did not come from nowhere for a humanitarian reason as you seem to believe. It was started for criminal purposes and was around for quite a while in the original for and used by criminals."

Actually, this is evidently false:

Bitcoin Whitepaper Abstract: A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

Post by Satoshi 0.1 Bitcoin release: The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.