Quote from: zaphod on June 26, 2011, 01:56:03 PM

Quote from: killer2021 on June 26, 2011, 01:51:26 PM

Quote from: zaphod on June 26, 2011, 01:48:11 PM

Quote from: Sjalq on June 26, 2011, 01:17:58 PM

Quote from: zaphod on June 26, 2011, 12:51:39 PM

Quote from: Sjalq on June 26, 2011, 10:00:44 AM

Give me any reason these socio-paths we've elected won't do this as they worsen everyone's economic situation?

Because they don't really care about this?

Bernard von NotHaus was arrested for running an operation much, much smaller than Bitcoin is becoming.

Liberty Dollar != Bitcoin

Bernard von NotHaus was arrested because he was stupid, not because he was libertarian.

Liberty dollar is not EXACTLY the same but LD and BTC are very similar in their objectives. Its an alternate currency. The feds don't care too much about alternate currencies, until they become widely used and pose a threat. Thats when they make their move.

The feds will eventually crack down on bitcoin, how successful will they be is beyond me. My guess is not very successful. In fact, when the feds do try to crackdown it will only add to the power of bitcoin since when that happens EVERYONE will know what bitcoin is.

If Liberty dollar coins had been purple and had a picture of chewbacca on them he never would have gone to jail.

The way the feds will crack down is through the IRS. Any legitimate business who accepts bitcoin will have to treat it like a foreign currency from an accounting perspective. This is a lot of extra accounting work and a reason why large businesses will not do it for some period of time. Small businesses will also need to do their accounting correctly and pay their taxes or they will risk trouble with the IRS. If you are a business accepting bitcoin, dot your i's and cross your t's....

Yes or do your business outside of the states.