Quote from: anonymous_hero on April 13, 2013, 01:13:46 AM

They can make anything illegal, so long as it stands up to challenges in court, and even then they can make it illegal for a time. There's a difference between whether something can be made illegal and whether something is enforceable.

Yes, obviously there is a difference. And while technically the USG could try to make anything, such as water, illegal by decree (since all laws are ASSUMED Constitutional until the courts disagree), that does not mean they will be able to make such decrees, and this is my point. There are many factors at play, the USG is not all powerful, and even if the most influential interests within the USG would like to declare BTCs outright illegal, it's not so simple as pulling a few strings to make that happen. If it were that easy we'd all be crawling on all fours with chains around our hands and feet. They will try to delegitimize by making it illegal-ISH, if nothing else, but the government is stupid and slow, and such efforts will probably lag behind market development.