Most of the quote was someone else's words whose comment was flagged which I thought was odd and I wanted to highlight his main point which I agreed with.
But to your question, I think Bitcoin is and will be persecuted by many powerful entities, wanting to control or kill it.
Money that has a fixed monetary policy is without question a threat to political and banking power in my opinion. Politicians and banks live off of inflationary fiat and debt. Also, fractional reserve banking. [Of course, a nation would benefit collectively from a move off of fiat money, but special interests would suffer]
Both things that Bitcoin is resistant to, which means it protects value these groups are stealing out of the currency (and the economy by 2nd order effects of bad money) and puts it back in the hands of individuals.
I don't think enough people have enough of a persecution complex when it comes to attacks on their money... and the superior alternative that is Bitcoin.
But to your question, I think Bitcoin is and will be persecuted by many powerful entities, wanting to control or kill it.
Money that has a fixed monetary policy is without question a threat to political and banking power in my opinion. Politicians and banks live off of inflationary fiat and debt. Also, fractional reserve banking. [Of course, a nation would benefit collectively from a move off of fiat money, but special interests would suffer]
Both things that Bitcoin is resistant to, which means it protects value these groups are stealing out of the currency (and the economy by 2nd order effects of bad money) and puts it back in the hands of individuals.
I don't think enough people have enough of a persecution complex when it comes to attacks on their money... and the superior alternative that is Bitcoin.