Post
Topic
Board Bitcoin Discussion
Re: The Government Cannot Outlaw Bitcoin, it's Impossible!
by
cbeast
on 12/08/2011, 16:36:58 UTC

Anyone care to explain here just how a government can attempt to outlaw bitcoin?

Something like:


1) all transactions must be denominated in and carried out using our legal tender

2)  anyone doing fx or any international trade  must be licensed,   and per the terms of the license only approved units of trade may be used.

It's interesting how we came to the current financial system in the first place. I hate to use the "Tea Party" analogy, but The People did not create fractional reserve banking, nor establish a private bank to manage the US Treasury. They failed and bitcoin evolved. The genie is out of the bottle and bitcoin will flourish awhile until something comes along to restrict it, but that time is a long way off.