Ron Paul gives views on Cryptocurrencies, Bitcoin

[BitTrade]

Ron Paul on a reddit AMA today:

Q:  "What are your thoughts on Bitcoin, and cryptocurrency in general?"

Ron Paul:  "My thoughts on Bitcoin and the other currencies is that they ought to be legal unless there is fraud involved. The government should not get involved in regulating private money if there is no fraud. I do not take a position on Bitcoin and other proposed currencies in a technical fashion, but I understand the political ramifications of them and I think that government should stay out of them and they should be perfectly legal, even though I don't endorse (technically) one over another."

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[zoinky]

Typical Ron Paul.

[TippingPoint]

Breaking News

Libertarian thinks government should keep hands off Bitcoin and other cryptocurrencies

[superduh]

he's a congressman at least he's got some clout in their inner circle

[mises]

Funny, I saw his ama today but never saw this response.. Thanks for sharing.

[ruletheworld]

he's a congressman at least he's got some clout in their inner circle

He's not anymore. He's a TV anchor now!

[TitanBTC]

He's a good politician.  Nobody raises 2.7 million dollars in 72 hours without being strategic in your use of language.  I think if he understood it a bit more, he might take a stronger stance.