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Author Topic: If Bitcoin is made illegal...  (Read 3062 times)
tymothy
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June 17, 2011, 07:53:54 PM
 #21

There's really no precedent for any currency being "made illegal" nor is there any real push by any government to do so. Even the two senators (who are, TWO senators) who didn't like Silkroad didn't make any statements that they intended to create any sort of anti-bitcoin laws. The ability to criminalize possession, use or acceptance of a currency would be a massive expansion of government powers, which admittedly hasn't stopped the federal government in the past, would nonetheless be extremely unpopular with the current anti-big-government Teaparty lean of the populace. I don't think anything's happening to the legality of bitcoins themselves for many years.
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BioMike
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June 17, 2011, 08:11:49 PM
 #22

There's really no precedent for any currency being "made illegal".

There is... in China, but I guess that doesn't count.
Findeton
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June 17, 2011, 08:28:37 PM
 #23

I don't see why they would ban it. Because some people use it to sell drugs? How many drug deals are closed in dollars?

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Vince Torres
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June 17, 2011, 09:23:24 PM
 #24

and who is 'They' anyway.  Bilderburg?
Barack Obama and his liberal Bitcoin destroying democratic watchdogs.

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relative
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June 17, 2011, 09:33:51 PM
 #25

There's really no precedent for any currency being "made illegal"

hello?
http://en.wikipedia.org/wiki/Executive_Order_6102

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June 17, 2011, 09:58:29 PM
 #26

There's really no precedent for any currency being "made illegal"

hello?
http://en.wikipedia.org/wiki/Executive_Order_6102



Yup, another reason to keep some wealth "offshore", even (or especially) in bitcoins.
Or people think the US Govt will be this nice forever?

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tymothy
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June 17, 2011, 10:15:13 PM
 #27

There's really no precedent for any currency being "made illegal"

hello?
http://en.wikipedia.org/wiki/Executive_Order_6102



Fair enough, though it applied to gold more as an asset than a currency.
relative
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June 17, 2011, 10:22:59 PM
 #28

that was just the justification for the bill. even gold coins that are legal tender (with a face value) were affected.
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