[E. Pluribus Unum]

Bitcoin is just another manifestation of how much people distrust government.

Whatever its faults, Bitcoin’s primary virtue is that it is not under the control of any government or NGO.

[eyeamok]

Not for long, there is a story I read on Drudge the other day about how the IRS is demanding and has received the blessing of the Courts to subpoena ALL Bitcoin Transaction information from bitcoin clearing houses that have any connection to the US, all for the purpose of collecting taxes.

The Users will soon see when they get their TAX bill from uncle sugar.

[mac_truck]

Bitcoin is just another manifestation of how much people distrust government.

Who's government?

I sure hope it isn't Americans chasing this runaway kite.

[fwdude]

Whatever its faults, Bitcoin’s primary virtue is that it is not under the control of any government or NGO.

Yep. I almost invested in a chuck a couple years ago but got cold feet when they wanted direct online access to my bank account for "verification."

[robroys woman]

Whatever its faults, Bitcoin’s primary virtue is that it is not under the control of any government or NGO.

---

And, conversely, its greatest weakness is that it is not backed by any government. Now, if it were made of pure, real gold, that wouldn’t matter. But that is not the case. Technically, it doesn’t even exist. At least you can plant a tulip bulb.

[rb22982]

Neither is Gold, silver and it is a much more stable store of value (requirement of currency) and it actually has uses (even if expensive) in automobiles and other tech. Bitcoin has no intrinsic value. The technology yes, but that is separate from the bitcoin.

[TNoldman]

Is there some diabolical connection between Blocking Chain Migration and Block Chaining? I think only one is good for our Economy.