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Re:Bitcoin rises by DanielBMarkham on Tuesday March 19, 2013 @07:15PM (#5404305)
So then it truly becomes just another collector's item, but one where when you "cash out" it's all automatically reported?

Why not just trade in something else like gold or coins, where you can buy and sell without having a state security system looking over your shoulder?

I frankly don't know if I'm a fan or not. I haven't been, but the movement seems persistent, and I admire that. I also admire the concept of trying to use technology to free us from ever-more-oppressive governments. However I'm cautious: BC is "version 1.0". Might take until version 3 or so to get the bugs worked out.

I just hate seeing a lot of really smart people work hard to end up in the same spot they started from.

Re:Bitcoin rises by patrikr on Tuesday March 19, 2013 @09:11PM (#5404892)
Try sending a gold coin to the other side of the planet in 10 seconds...
Re:Bitcoin rises by drcode on Tuesday March 19, 2013 @11:02PM (#5405342)
2 hours for the confirmation on the blockchain to come in.
Re:Bitcoin rises by w-ll on Tuesday March 19, 2013 @11:09PM (#5405367)
2 hours? what no, try less than an hour, and you can also send coins that arn't fully confirmed if you do raw transactions
Re:Bitcoin rises by YokoZar on Wednesday March 20, 2013 @03:35AM (#5406039)
In principle if bitcoin takes off you could hold a bitcoin account and purchase things in bitcoin directly, making some of your transactions not subject to the "cash out" overlooking.