What if Runescape didn't accept BTC... Horrible dystopian future.

I am in agreement with statements that this is positive for bitcoin. I reserve comments on the outcome of the auction's impact on market prices. But I think that the auction does add legitimacy to btc as an asset that the U.S. Government acknowledges as being a legal asset. This is supportive of the recent IRS statement about btc as capital gains income for tax purposes. So - government legitimacy from two different angles.

At the very least we can be sure the U.S. government is not going to come out and ban and/or seize bitcoin if there is no secondary criminal charges on the table. But it should be a clear sign that the U.S. government, at least from an enforcement perspective, understands btc enough to start watching for money laundering, tax evasion, and related illegal activities.

Without getting into the vision of btc that some folks have as part of a libertarian utopia... to me this acknowledgement of btc as a legal asset can only help adoption as it removes a degree of fear and risk from the equation that is/was a big deterrent to owning the coins.

Cool. Did you go there to open it or did you just make an international phone call or website visit?

Best,

BB

Apologies for misunderstanding re: German origin. What is the benefit of having a German bank account when you live in Scotland? A bit off topic.

Long time reader first time poster.

MatTheCat - I have read your posts and enjoyed them for some time.

However, this:


is really hateful language. I am Jewish and a btc trader just like anyone else. If what I read is true and you are from Germany, then I regret that you have not moved passed this type of thing and I can only hope that you are not representing modern German culture with your blatant anti-Semitic language. In all other respects you seem cool... maybe you can shake it off and we can move forward. I would hate to think that your true feelings mirror your language.