Santo Mining Corp (SANP)

[SteveWin]

The biggest threat to Bitcoin I see - and this is pure speculation coming straight out of my ass - is the day the US government orchestrates a "test case" involving failure to pay a (bogus, setup) contract that specified payment in Bitcoin... and fast-tracks that case to the USSC, so they can say (as they'll have been coached to say..) "part of the value basis of fiat paper currency, is the value of having a court system standing ready to enforce contracts. We do not extend this value to rogue currencies like Bitcoin which have no official backing. Therefore, contracts specifying Bitcoin (and similar) as payment, are unenforceable in US courts."

That decision will take "getting a mortgage and buying a house", "paying your taxes, utilities, insurance, car loans", and "earning your salary" off the Crypto table. That won't kill Crypto, but it will definitely marginalize it.