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Old 12-09-2013, 03:56 PM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
Quote:
Originally Posted by Creatine View Post
I know legitimate websites also use bitcoin. That doesn't change anything.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

The government has no say in bitcoin. They can seize the bitcoin domain however people will still have the client downloaded and can simply spread it through other means.

Notice it says everyone can take part. That includes torrent services, vps providers, and file lockers. It's not a currency designed for adult paysites.

If you want something for adult paysites go with sexcoin.
Couldn't the US government do like they did with online gambling and pass a law that outlaws US based banks from processing or handling any kind of bitcoin transaction?

It seems to me that bitcoins would have far less value if you weren't able to cash them for actual US dollars (or whatever currency any individual's country used).

Last edited by kane; 12-09-2013 at 03:59 PM..
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