2013-09-12 BitCoin Could Go Down In History As Destroyer Of The US Dollar

[Lethn]

http://www.youtube.com/watch?v=E6Cr_ipD13o - Ron Paul

He's done more research now

[beetcoin]

the thing though.. is that government would start regulating bitcoin if it begins to eat away at too much of their green paperbacks.

[Lethn]

You mean they'll try to

[beetcoin]

they could regulate/shut down exchanges, and pursue people who cash out of bitcoin without reporting taxes. or they could require you to report to them when you buy bitcoins. that would really hamstring BTC's development.

[Lethn]

It wouldn't hamstring anything, all it would do is make people avoid doing business with the U.S ( which people already are ) and either drive them underground or into the arms of other more relaxed countries.

[oakpacific]

As long as you are allowed to sell $500 postcards or lousy artifacts(pretty much the same as the survival of market economy), you can't stop people selling bitcoins.