My business accepts Bitcoins

CNN Money ^ | 17 March 2014 | Parija Kavilanz

[PreciousLiberty]

"And why would “the people” be so all-seeing, all-knowing, about managing a money supply exactly? For that matter, who are these “people” you keep alluding to? Is Putin one of them, for example, or perhaps Snowden, or you, or me? Who? This is silliness to the nth degree..."

LOL...you need to actually understand it before you'll know if it's "silliness". Hint: a lot of very smart people don't think so.

For that matter, look the current government stance on BTC:

The virtual currency bitcoin took a big step toward the mainstream on Monday as federal authorities signaled their willingness to accept it as a legitimate payment alternative.

A number of federal officials told a Senate hearing that such financial networks offered real benefits for the financial system even as they acknowledged that new forms of digital money had provided avenues for money laundering and illegal activity.

“There are plenty of opportunities for digital currencies to operate within existing laws and regulations,” said Edward Lowery, a special agent with the Secret Service, which is tasked with protecting the integrity of the dollar.

Signs that the government would not stand in the way of bitcoin’s development, even as it has been cracking down on criminal networks that use the digital money, stoked a strong rally in the price of the crypto-currency.

http://dealbook.nytimes.com/2013/11/18/regulators-see-value-in-bitcoin-and-investors-hasten-to-agree/?_php=true&_type=blogs&_r=0

Silliness, eh? :-)

[word_warrior_bob]

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________________________

This is what it looks like in the local bitcoin forum. People getting scammed left and right, oh and a dude wondering if he can buy coffee with bitcoins.

[Errant]

Use extreme caution. In Florida, even the police were running a sting operation. Kind of dispels the theory that bitcoins being worthless and you can only trade them internationally tho.