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Re:Please remove mitsuhiko/* by wyager on Saturday November 01, 2014 @10:49PM (#8545428)
>With the difference that other fiat currencies are spectacularly unlikely to be declared illegal in your jurisdiction.

So we've gone from "it's volatile" to "it's maybe, potentially, illegal at some point in the future"?

Well, there are a few reasons I wouldn't be worried about this. A) It's not likely that Bitcoin will be banned outright in most countries. B) If it were to be banned outright, you'd likely have plenty of notice and be able to sell it before the laws took effect.

Also, it is not as if the project is actually sending Bitcoin to the developers; it is simply making it available for them to claim. A more comparable analogy would be if a sweepstakes in Colorado told me I had won some free marijuana; even though marijuana is illegal in my state, I am not legally culpable unless I actually claim the winnings.

Re:Please remove mitsuhiko/* by bigiain on Saturday November 01, 2014 @11:20PM (#8545497)
True - like I said, I was being hyperbolic...

I still think the "potentially illegal at some point in the future" is a real consideration in the discussion about using Bitcoin "to store value in for the long-term".

As for the difference between "sending Bitcoin to developers" vs "making it available for them to claim" - think about how you'd feel if someone in Colorado was running a website saying "Donate marijuana to wyager for each of his upvoted HN comments!", then had your local police come round to your place asking you about"your" 7oz of illegal drugs? However "in the right" you are, being put in that position without being asked, and having "that guy" argue about whether he needs to stop doing it when you complain... I personally wouldn't want to be involved in those arguments, nor would I be at all happy about other people supporting :that guy"'s rights to keep doing it.

Re:Please remove mitsuhiko/* by ayrx on Saturday November 01, 2014 @11:18PM (#8545488)
> If it were to be banned outright, you'd likely have plenty of notice and be able to sell it before the laws took effect.

Ah, but who would want to buy Bitcoin in that scenario?

Re:Please remove mitsuhiko/* by wyager on Sunday November 02, 2014 @01:31AM (#8545741)
People in countries where it was not going to be outlawed, or customers who planned to use it for illegal purposes anyway.