Post
Topic
Board Bitcoin Discussion
Re: How BitCoin Can Benefit The US Government. (add to the list)
by
Voltius
on 31/05/2011, 19:08:22 UTC
lol, suddenly that theory about the government being the one who made BitCoin doesn't seem so crazy.

If I buy something from someone's website using BTC and they mail it to my address, the authorities could subpoena the seller to release my bitcoin address and then they can connect me with the address, yes?

Yes, except they could do the same thing if you used a credit card, except with less hassle.

Ah, but I can use a credit card with less hassle than bitcoin in the first place. To which someone will reply with "but with bitcoin no one can inflate the currency or control it". And I will reply with, "what's the point of using a currency that people only invest in so they can get rich quick, can't use to pay their bills, isn't any more anonymous than cash, and constantly deflates so much that if you actually USE bitcoin to sell products, you have to re-adjust your prices every 2 days because the value changed so much over the last 48 hours."