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Bitcoin Forum > Economy > Economics > could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
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Author Topic: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?  (Read 1315 times)
yomofo (OP)
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January 09, 2014, 01:39:48 PM
 #1
http://www.wired.com/wiredenterprise/2014/01/stampact/

is this something we have overlooked?

discuss
farlack
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January 09, 2014, 02:41:49 PM
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Not a check, note, or token. I see no issue IMO. Besides we transfer, not issue Smiley
Akka
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January 09, 2014, 02:45:56 PM
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Quote from: yomofo on January 09, 2014, 01:39:48 PM
http://www.wired.com/wiredenterprise/2014/01/stampact/

is this something we have overlooked?

discuss

That would be ridicolous.

Besides, I don't think Bitcoin was designed to fit into the current system anyway.

Laws and Regulations need to be designed to work with new technologies, not the other way around. If everything new needs to fit in the current system we won't have any progress anymore.
All previous versions of currency will no longer be supported as of this update
johnyj
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January 09, 2014, 04:22:38 PM
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No, since bitcoin are generated in blocks, one block include 25 coins, which worth much much higher than $1
Why bitcoin will appreciate forever: https://bitcointalk.org/index.php?topic=277275.msg3244038#msg3244038
Kungfucheez
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January 09, 2014, 06:57:22 PM
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Wasn't there just a thread on this same topic yesterday??
skivrmt
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January 12, 2014, 02:16:37 AM
 #6
Quote from: Kungfucheez on January 09, 2014, 06:57:22 PM
Wasn't there just a thread on this same topic yesterday??

Yes, and many responses.

Short answer is no.  If US wants to ban BTC, it won't be via this.  It will be something along the lines regulation, taxation, laundering. 
notig
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January 12, 2014, 02:20:49 AM
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doesn't that law essentially make poker chips illegal? Poker chips are tokens that are worth less than a dollar
solex
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January 12, 2014, 02:27:31 AM
 #8
What's a freaking stamp anyway??
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