Re:Bitcoin exchange rate reached $100 USD per BTC
by cadetzero on Monday April 01, 2013 @11:21AM
(#5473576)
US government declares it an illegal currency, and if you accept bitcoins at your business you will be investigated. Game over.
[ Parent
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Re:Bitcoin exchange rate reached $100 USD per BTC
by tomsthumb on Monday April 01, 2013 @11:34AM
(#5473682)
Some numbers are illegal, but that's because they have particular uses (Crypto etc). How in the world would the US be able to declare possession and exchange of data illegal?
Re:Bitcoin exchange rate reached $100 USD per BTC
by omni on Monday April 01, 2013 @12:14PM
(#5473957)
Child pornography stored on a computer is data. The possession and exchange of child pornography is illegal.
Re:Bitcoin exchange rate reached $100 USD per BTC
by MacsHeadroom on Monday April 01, 2013 @11:49AM
(#5473776)
They would have to define it to ban it. Bitcoin would just evolve to no longer fit the ban. There are already dozens of other cryptocurrencies brooding- just waiting for a scenario where Bitcoin is pushed out to make more room for them.
A ban on bitcoin will work about as well as a ban on piracy.
Re:Bitcoin exchange rate reached $100 USD per BTC
by specto on Monday April 01, 2013 @12:08PM
(#5473905)
Not really, since the success of bitcoin still relies on conversion to another currency.
Re:Bitcoin exchange rate reached $100 USD per BTC
by knowaveragejoe on Monday April 01, 2013 @12:41PM
(#5474165)
Additionally, the same applies to those other digital currencies as well.