@mattkratter Do you think Iran or any other country that is usually being sanctioned would signal Bip 110, and also their miners would mine the blocks with their hash?
Thus 1. Such country would protect bitcoin.
2. Would mine the blocks.
@PeterSchiff Anyone paying 4600$to buy Gold is not getting in cheap. Based on the historic price range inwhich Gold has traded since inception, 4600 is a very high price to pay. Just because some people paid more, that does not mean paying less than they did is a bargain.