Daniel Krawisz , Research Director Satoshi Nakamoto Institute , participated in a panel discussion on the future of Bitcoin in Bitcoin Investor Conference to be held in late October in Las Vegas. Krawisz talked about where believed to be Bitcoin in ten years, and stressed how governments can be involuntarily useful to help promote its adoption. The general idea is that more and more people will use Bitcoin as governments continue bad monetary policy, tax increases, public spending increased, the bail-in (bank bailouts at the expense of depositors) and controls the flow of increasingly severe capital.
Bad economic policies benefit Bitcoin
Before talking about their predictions about the future of Bitcoin, Daniel Krawisz told anecdotes that changed his view regarding the current state of governments worldwide.Due to the positive effect they have on Bitcoin the bad policies government, Krawisz now seems to be encouraging politicians and legislators to make more bad decisions. This was explained:
"One of the positive things about Bitcoin is that it makes completely change our attitude towards all the terrible things happening in the world. Because before I met Bitcoin I said, 'Oh, no ... unfunded liabilities , ' and now say, 'Yes, destroy everything as soon as possible!' All this is very good for Bitcoin . "
Should bitcoiners celebrate the stupidity of the government?
Aacerca of bad economic policies, Krawisz also said:
"Bitcoin usually react very well whenever governments do something really stupid, so I'm all for that."
It would be logical Bitcoin is seen more positively by the general public as governments become more restrictive economic freedoms. For example, there was a significant increase in the price of bitcoin in 2013, coinciding with the bailouts in Cyprus. More recently, the increase in the price of bitcoin has been linked to the intensification of capital controls in China.
It is unclear whether these events are related directly to changes in the price of bitcoin, but traders and investors seem to perceive that kind of moves by governments as a positive for Bitcoin.
The big state as Killer App ( "killer app")
Later in the round table they were asked the panelists about a possible killer app of Bitcoin. Dmitry "Rassah" Murashchik of Mycelium, made a joke that summed up perfectly the statements made earlier by Krawisz. Murashchik said: "I think Bernie Sanders is thekiller app of Bitcoin".
Sanders is a social calling itself, and its policies would reduce individual freedom as to what people have to do with his own money and property in general. One of the key points of Bitcoin is that it gives the individual the ultimate control over their own digital money, and that's why Murashchik suggests that more people would use Bitcoin if Sanders was elected President of the United States.