You are not participating in a federally or internationally regulated credit system.
Irrelevant.
holds no value in the real world beyond that which is put on it by the members of the community that use it.
Like gold.
Bitcoin is no further subject to federal regulation, law, or consumer protection than something like WoW gold.
Theft of virtual items has been successfully prosecuted all over the world.
See, I tend to care about what's actually true instead of going on a rambling spree. You should try it.