Bizarre Shadowy Paper-Based Payment System Being Rolled Out Worldwide

Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O... by martindale on Tuesday February 18, 2014 @10:43AM (#7258664)

Actually, you can pay the government in Bitcoin: http://www2.egovlink.com/press-release-bitcoin.cfm

Also, the ~7 transaction per second limit is completely artificial: https://github.com/bitcoin/bitcoin/blob/master/src/main.h#L3...

Institutional actors: http://allthingsd.com/20131212/bitcoins-biggest-bet-andreess...

[ Parent | on HN ]

Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O... by hapless on Tuesday February 18, 2014 @10:47AM (#7258690)

To address these one by one:

1. My local government can choose to accept anything they want. The IRS, however, will want cash. They are not obligated to talk to your broker-of-choice about BTC.

2. Yes, "completely artificial." I just have to convince 51% of the distributed net to accept my patches, and then I can change any parameter I wish!

3. What does a VC investment have to do with anything?

[ Parent | on HN ]