[moltuae]

Originally Posted by DanielH

It is interesting what is going on with crypto currencies these days. I read in this article that we will soon be able to buy houses, cars and other expensive things with bitcoins. Well, let's see, probably someone has already done it?

I think it will happen sooner than we expect. Cryptocurrency adoption is growing exponentially. There have already been numerous stories of houses sold privately using cryptocurrencies and a number of car dealerships have started taking cryptocurrency payments.

Where things get really interesting is when we reach the tipping point; when cryptocurrency use is so widespread that people no longer need to exchange to/from their local fiat currency. At that point it becomes almost impossible for governments to enforce regulations on cryptocurrencies. Furthermore, any government who attempts to use fiat regulations to control cryptocurrency will drive adoption further, turning more people away from their national currency, securing it a place in the race down to zero.