[politicket]

The good thing is that “international and central banks” have as much control over cryptocurrencies as they do over the weather. In other words, zero.

They absolutely do, when it comes to establishing the legal currency for a nation.

Buying and selling Bitcoin in the US is still measured and transacted ultimately in US dollars.

[amorphous]

Buying and selling Bitcoin in the US is still measured and transacted ultimately in US dollars.

That's due to its volatile price - which is how the CB will attempt to maintain control. There are ways to stop this, and sooner are later, someone or some thing is going to implement the means to do so.

[PreciousLiberty]

“Buying and selling Bitcoin in the US is still measured and transacted ultimately in US dollars.”

If I buy something using Bitcoin at, say, Egghead, US dollars aren’t involved at all. Just as if I buy a bottle of tequila in Mexico using USD, no pesos are involved.

Easy, eh? A bitcoin (just like a dollar) is worth whatever someone will give you for it.