Quote from: amspir on March 30, 2014, 03:11:31 AM

Quote from: jubalix on March 30, 2014, 03:05:30 AM

Quote from: amspir on March 30, 2014, 02:22:11 AM

Quote from: cbeast on March 30, 2014, 02:11:00 AM

They cannot print "In God We Trust" on bitcoins.

I always thought "In ESCDA and SHA256 We Trust" would be a more appropriate motto.

But seriously, why do you think the government hates bitcoin? I see the government attempting to regulate it, so it doesn't become a method to break existing tax evasion/money laundering laws, but nothing more onerous than what it already applies to existing payment methods or bartering systems. You would still get reported to the IRS if you deposited $10,000 worth of cash to your bank account vs. a transfer of $10,000 of USD from a bitcoin exchange.

Because in a post BTC world, you don't but 10K fiat into your bank account, you pay in BTC

And if you buy a nice car with $10K in BTC, the car dealer would still have to report you as if you bought it with cash. I'm not saying it's right, but I don't see how it is a narrow attack on transacting in bitcoin versus transacting in cash.

Unless you buy from a car dealer that doesn't. I see you like trolling gov't fear around here. What exactly do you do for a living? Just post shit for the IRS?