Quote:
Originally Posted by kane
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).
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This is what children don't understand about monetary systems and our banking system. At best, bitcoins and crypto-currencies have a future in their own ecosystem and bitcoin to bitcoin transactions... it has no future at all within the actual banking system. Any transaction in any real currency is regulated and can be restricted or further regulated. Regulation of financial transactions is a necessity for everyone's benefit. Hating governments doesn't make that fact untrue.
The height of stupidity is believing that an anonymous currency (which can never be allowed to exist on any real level) and one that is used to buy illegal drugs, guns, contract murders etc etc etc etc is somehow not going to get crushed for what should be the most obvious of reasons.