Post
Topic
Board Politics & Society
Re: Petition the government to declare the legal status of Bitcoin?
by
Mike Christ
on 29/03/2013, 17:06:31 UTC
Governments arent necessarily againt Bitcoin, it's the feds that dont like it. A government owned by feds will despise Bitcoin, but the biggest law-passer in the world is still extremely slow to act. Bitcoin is no more legal or illegal than gold, and no law ever stopped piracy, so why bother passing one? They're more focused on controlling the Internet; if they accomplish this (and they're always trying) then you can expect a whole slew of prosecuting to begin. America would love to tax Bitcoin, and since every transaction is public, they could potentially force users to declare their identities so they can be properly taxed.  It would be impossible to avoid taxation at that point, unless you resort to trading cash in person again.