Quote from: defxor on September 03, 2011, 11:42:27 PM

Quote from: the joint on September 03, 2011, 11:37:16 PM

Regarding the intention, did you read my other post?

Yes. Your posts contain no information of interest.

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And, you're ignoring the description of the law itself. Property must have 'value,' and there is absolutely nothing that gives mined BTC value to humans.

I can only assume you're trying to be funny. The value of a bitcoin at the nearest exchange is enough, just like with gold.

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Mined BTCs are not the product of human work, and thus have no human value. They are the product of computer work. Only when BTCs are purchased for USD or some other property that has human value does the BTC become the property of humans.

This is what I meant with your personal ramblings. Don't do forums when on LSD.

Quote from: defxor on September 03, 2011, 12:39:49 PM

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The court effectively found that, even though virtual currency isnt real and is infinite in supply, it still can deserve legal protection in the same way as real world currency,

(UK - http://www.allfacebook.com/hacker-steals-12-million-in-zynga-poker-chips-2011-02)

BTC is not legally recognized as a currency tied to a USD exhange rate. You don't have to report your BTC holdings to the IRS. Only when you exchange them for USD do you have to report this. BTC is absolutely not like gold.

These aren't personal 'ramblings'. I'm interpreting the language of the law. You'd make a shitty lawyer.