They'll get what they expect. They expect a credit card transaction. Every bitcoin purchase on the front end will trigger corresponding credit card transaction on the back end. This will be the credit card of web store owner.

It would be a mistake trying to mimic current financial system in its entirety. 3/4 of it is just parasitic add-on built on top of fiat currency system. I'm pretty sure that future perception for bitcoin will change from currency to a broader meaning of transaction vehicle for all financial instruments. The idea for colored satoshis is good one.

You can connect from space.

I'm interested in a new app that would allow for Amazon Webstore http://www.amazonservices.com/content/webstore-by-amazon.htm?id=hm1 to be consumed using bitcoins as payment method?

You are quite right to be disappointed, markm. The future of OT and OT Server in particular doesn't look very rosy in light of what SEC have done to Nefario. The only solution to overcome this tyranny is decentralization as much as possible.

There is only one principal solution as far as I can see. The US government should ban the use of this international vehicle (aka WWW) for interstate communication when such a communication is unlawful from domestic point of view. Technically speaking, the US government should start filtering the Web for their citizens. Looks like in such cases they prefer to stop the entire vehicle instead even if they violate legitimate rights of non US citizens in different jurisdictions?

What are you talking about? The Web is not interstate communication channel and certainly is not a property of the US government. It is a global media. Tim Berners-Lee, a scientist at CERN Switzerland, invented the World Wide Web (WWW) in 1989. He invented the basics like hypertext (html), the web server, web browser, and gave them to the people of the world not to US government. Wake up!
http://public.web.cern.ch/public/en/about/WebStory-en.html

Of course. Whatever they are, no arguments matter if the status quo is at stake. No surprise. This is why bitcoin has such a disign!

What you are basically asking me is to get a taxi license for my automobile from the syndicate of horse buggy drivers 2 years after internal combustion engine was invented. Are you insane or just pretending?!

Again, the "face value" of those bonds is not in fiat currency, apples, oranges, bananas and basically anything else, but in bitcoins. And one bitcoin, again, is the standard measure of trust in the bitcoin network. Why should Alice register how much she trusts Bob... in SEC? Is your point that SEC must give permission to Alice how much she can trust Bob, Carol, and David?!

This was already explained a dozen of times. Bitcoin has value, but only to the person that holds corresponding private key. This is in sharp contrast to the universal value of fiat currencies, apples, bananas, oranges, and basically anything else.

Trading is a sale!? Who knows? It might be a buy as well?

Just like bitcoin is not money, apples, bananas, oranges etcetera, bitcoin bonds are not securities. Trying to put an existing tag on bitcoin and digital assets measured in bitcoins will lead you to nowhere. Every judge or regulatory agency will understand this sooner or later. Obviously, you will be among the last to get it.

Actual market value?! What is that? Everything in this world has some value for somebody at some place under certain circumstances! Just another meaningless terminology designed to make laws suitable for status quo guards... This is why bitcoin was invented. Math is math. 2+2=4 even if a regulators tells you it is actually 3.5 if existing law is properly applied.

Nothing new under the sun. During the entire humankind history always criminals were the first to adopt every new technology. Should we stop developing new technologies just because of this fact?

Bitcoin bond is not debt. Bitcoin obligation != Debt

By definition: Every debt can be repaid with the legal tender. This is what the law says. If I owe you 2 apples and I have no apple but want to pay you US dollars instead (if we are in the US), you have no right to refuse or you'll be sent to jail. Everyone can repay their debt whatever it is in dollars fbecause it is the legal tender in the US. This is not the case with bitcoins. If you have to repay your bitcoin obligation you have to find someone willing to exchange their bitcoins for your dollars and just after that having bitcoins you can repay your loan.

As already said, bitcoin is trust. Sometimes more, sometimes less trust as per your wallet.dat file. And as we all know, all the dollars, euros, pounds or yen in the world can not make people have greater confidence and trust more in current fiat money system. Bitcoin obligation can be paid only in bitcoins. Period.

Remember: bitcoin bond is not debt, because it lacks a major characteristic of what debt is described by current law. You can repay a bitcoin obligation only with bitcoins. It is technically impossible to pay your bitcoin obligation with US dollars, and no law can help you!

There is no debt!

This was already discussed. Your definition for "security" does not match characteristics of the shares measured in bitcoins and traded against bitcoins on the bitcoin stock exchange! Those assets measured in bitcoin terms do not have any of the material or monetary interest described in your definition. They would have such if they represent and are traded against fiat currencies, oranges and apples, but they are not! They represent pure bitcoin assets and are traded against bitcoins. And bitcoin is not money! Your definition of money does not correspond to what bitcoin is. Or, your broad definition of money is including just every object material or digital in this Universe. Are you going to regulate for the purpose of taxation every transfer of every object from point A to point B?

One bitcoin is the standard measurement of trust that participants in the bitcoin network have among each other. You can not tax and regulate my private relations and confidence in some other people or entities just because trust increases/decreases and changes from time to time. I don't need enforced by the government agency to tell me whom should I trust and to what extend. If you continue to insist you should regulate bitcoin transactions the next step would be to tax and regulate my email messages signed with my pgp key. Because if there is a valuable information in there those messages can be securitized? And who decides this information is of value or not? Are you going to tax and regulate the entire message exchange on the Web?

Of course, I can. I may need issuer's permission or not, depends on my contract with him. Certainly, I don't need your permission as a regulator to do that. Bitcoin changes almost everything. Find another job!

That will be the case if I sell for fiat currency. In bitcoins is different. He will know if he cares to know. Information for every bitcoin transaction becomes publicly available in 10 minutes via the information for the blockchain. Again, only people directly involved will know what this transaction is about. Again, there is no need for a trusted middleman to verify identity of transacting parties.

They ARE in my name. It is just another question that you don't know my name, but it is none of your business either as it is concerning me and my counterparty. Everything I purchase with bitcoins is in my name! Every bitcoin I spend contains both the contract and my signature. The reason for this is already stated several times. I can't pay with bitcoins if I don't sign it with my private key. A bitcoin marketplace does not need a trusted third party to verify identity! I fully understand your pain as a trusted middleman but can't help. You are not needed anymore!

In the eurozone, yes. Euro is the legal tender. In the US the legal tender is US dollar. Where is the fallacy?

Private currency is just private currency. What we are talking about is what is money? From Mr Bernanke's statement becomes clear that gold is not money. Therefore the only option left is the dollar. The dollar is the legal tender as well.

Mr. Bernanke "Gold is not money"
http://www.youtube.com/watch?v=jyTBhsEliUE

If gold is not money in the US then only money is the dollar bill. The dollar bill is the only legal tender in US!

There is a big difference between "can serve as money" and "is money"?! Over the course of human history, many things have been used as money: metals, stones, shells, grains, livestock, fuel, land.