I have not been dissing bitcoin.
So if bitcoins end up being severely restricted as a form of payment for useful goods and services, I wonder if they would keep any value at all.
I can see that people interested in this project range from the idealistic, through sensible and pragmatic, through the very technically minded, and into the possibly well meaning, but incoherently ranting anarchist types (in my experience, usually the first in line for government handouts).
I remain sceptical that bitcoin can ever really get off the ground,
Bitcoins would become significantly less valuable, maybe worthless.
Even in a hyperinflation, a return to gold backed currency is more likely than adoption of bit coins.
But I doubt it will be more than a short term fad in the real world.
Buying bitcoins is like buying stock in one of those thousands of startups. You might get a Facebook, but chances are you'll get a fat zero.
I think even I would prefer a hyperinflation as the alternative.
Bitcoin can work because it has rules. I just don't think it would even be allowed to work in a big way,
Maybe we get new bitcoin tax havens. Who knows. But it still points to niche uses.
More than that I don't want to know much about technology.
Without even knowing how the technology of bitcoin works I struggle to understand why you think you are qualified to comment on legality of bitcoin. Everyone is entitled to an opinion though, so carry on.
We'll agree to disagree and leave it that.