1. Governments Do Not Like BitCoin – and that’s perfectly normal.
Tor & BitCoin
Tor is in a similar media light as BitCoin is. It is underground, used for mysterious purposes, and
pisses authority off. And it should, because Tor is still mainly an illegal thing. Perhaps not as
illegal as drug trafficking and fake passports, but it's main purpose is for a user to get around a
security system -- either that be imposed by an authoritative government, or just any regular
security force. I can definitely see why governments will be opposed to Tor.
But, this doesn't mean Tor is bad. That is the argument. Tor is a tool for the people. It gives
people their rights, and there's nothing the government can do to stop them. And oh this pisses
rich, old, traditional government officials who have no clue what the internet is, off. Tor and
Bitcoin are a testament,to how much power the people can have, especially when the power is
coming from young people using revolutionary technology.
BitCoin is the same deal -- it is a revolutionary technology that traditional old people do not
understand therefore do not like. And their cynicism is partially justified. Even to regular users
of BitCoin there is a lurking sense that somewhere someone is up to no good. But the system is
just too convenient -- that is why! Payment can be made discreetly, anonymously, and
instantly. Hell even "mining" creates money from nothing. Who's running the show?
With BitCoin, I guess "we" are. And by "we", I mean anyone very, very proficient with a
computer. BitCoin is simply moving the power of money into different hands. Banks are run by
people who know how to create and use money. BitCoin is run by people who know how to
create and use BitCoin -- which boils down to computers. The system is still the same -- the
greatest thrive, but the actors are different.
The Silk Road & WikiLeaks
The Silk Road did wonders for BitCoin, and arguably, did wonders for solving drug
violence. The site was a trusted third party that allowed for safe and efficient drug and illegal
good transactions. Now, should the founder Ross Ulbricht not be surprised that the hammer came
down on him? No. He had a huge target on his head -- he was everything the government feared
would happen on the internet. But, some journalists deem the system to actually help stop drug
violence because every transaction is trusted and legitimate.
But it so happened BitCoin was used for this, and it garnered a lot of negative press for
BitCoin. This is similar to what WikiLeaks feared in BitCoins infant stage. Wikileaks, known to
be very anti-government, was afraid to be associated with BitCoin for BitCoin's sake. The
negative press might destroy BitCoin, in it's early stage when this was discussed.
Eventually the Silk Road was shut down, and you know what smart BitCoin investors did? They
expected that the price would dramatically drop, that for a moment BitCoin would be crashing
and current BitCoin owners would be selling there BitCoins in panic. So smart investors
snatched up the cheap BitCoins during this panic -- buy low sell high -- and it is this confident act
that boosted back BitCoin and restored the market.
As of current, BitCoin is slowly gaining legitimacy. Individuals who want to be on the cutting

2. edge of money-making industries are investing in BitCoin because it is new, interesting, and
solves a lot of problems in its industry. It has potential to create an entirely new industry and piss
a lot of people off.
Eric Kenny