Quote:
Originally Posted by TomCollins
No way the same. How do people get them? Without new people getting them, then how does the value of the economy come from? From offering goods or services for Bitcoin? That's going to drastically limit the demand for them. Cut demand, and price falls, simple economics. Except to Bitcoin dreamers.
The question only becomes can they stop the exchanges. They can certainly stop or slow down the big ones. Any of them that deal with banks. So you are left to deal with highly inconvenient p2p transactions that have a ton of fraud risk or risk of getting robbed or at least are a huge pain in the ass.
Cut off the exchanges, and the value plummets. If they can't do that, then its a moot point.
If the exchanges went down now it would be painful because there isn't local critical mass hardly anywhere yet.
It isn't as simple for a newbie for sure, but I have a lot to unload and I don't use exchanges, wouldn't even consider it now.
There is risk with new partners who have no reputation, but there are lots of ways to show rep online now and once you have a few people you share trust with you are set.