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A comment on Why I'm Putting All My Savings into Bitcoin (2011). Parent comment

Re:Why I'm Putting All My Savings into Bitcoin (2011) by St_Alfonzo on Thursday December 21, 2017 @02:38AM (#15977126)
> What if governments disallow converting Bitcoin to real currency? Why would a govt not use points like - Taxes, Money laundering and terrorism - to prevent bitcoin? Or may be they allow it with some kind of significant bitcoin-conversion-tax?

A big tax for converting Bitcoin to real currency could cause that bitcoin would be used as a currency. If it's too expensive to convert my BTC, I would just use them to pay/buy things. I agree, that playing the "Money Laundering" or "Terrorism" card would be an effective option for the govt.

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Re:Why I'm Putting All My Savings into Bitcoin (2011) by not_kurt_godel on Thursday December 21, 2017 @02:47AM (#15977159)
Good luck using your deflationary "currency" with ridiculous transaction fees and glacial transaction rate that isn't accepted anywhere to actually live your day-to-day life.
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Re:Why I'm Putting All My Savings into Bitcoin (2011) by St_Alfonzo on Thursday December 21, 2017 @05:50AM (#15977842)
This was meant as an utopian near future result, which of course is only possible with some optimizations to the bitcoin software. I don't believe in the current version Bitcoin.
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