Bitcoin Letter by Homeland Security and Governmental Affairs

[cryptocoinsnews]

Over the past several months, “virtual currencies” have received increasing attention from law enforcmenet, the business community, the financial sector, and the federal government. As you probably know, virtual currencies are digitally-based money that can be quickly sent between entities over the internet and that have no central bank or government entity that backs them.

View the PDF here: http://www.cryptocoinsnews.com/2013/09/03/bitcoin-letter-by-homeland-security-and-governmental-affairs/

[Gabi]

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  

Operate in the shadows  

Has also attracted CRIMINALS  Luckily dollar does not attract criminals 

[Mitchell]

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  

Gold. It doesn't back everything, but still.

[Gabi]

Dollar and euro are not backed by gold. They are just pieces of paper that can be printed at will

[CIYAM]

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

[Mitchell]

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

Really? Damn you fucked up school system!

[Bitcoinpro]

This letter is irrelevant.

[LiteCoinGuy]

already know this letter.

[Aseras]

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

which is precisely why there is such a thing as inflation and bubbles in the economies of the world.

[franky1]

letter is irrelevant, especially the attempt to link bitocins to organised crime.

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.

[vaio127]

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.

It won't matter.  Of course, all the government wants to do is control everything, and having something out in the wild, like bitcoin, that isn't controlled or regulated infuriates them.

[Come-from-Beyond]

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro?

Not sure about dollar and euro but pound is backed by... (read it by urself at the bottom of this banknote):

[p2pbucks]

this file was signed on august 12 ，2013 .... old news

[QuantPlus]

reserved

[BittBurger]

This letter is irrelevant.

Irrelevant:  Only in the sense that even if they decided to completely shut down Bitcoin and ban it in the USA, it would still flourish because its international, and viral.

Relevant:  Because its a huge first step in acknowledgement, which will increase Bitcoin value, legitimacy, and success.

Therefore this letter is very relevant.

-Burger-

[Sitarow]

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  

Operate in the shadows  

Has also attracted CRIMINALS   Luckily dollar does not attract criminals  

USD backed by OIL and the power to control it. However if renewable energy becomes mainstream then GMO foods