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To: Errant

Our government is the main threat to the US Dollar.


4 posted on 01/09/2014 7:19:26 AM PST by PGR88
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To: PGR88

The problem with all of this is portability and traceability.

If I buy $10,000 of bitcoins, and I move that money to a bank in the Cayman’s then there is a digital footprint of that transaction.

That is why bitcoin will never replace hard currency or precious metals.

While I may not leave the US with more than $10k in currency without declaring it, it doesn’t stop me from moving it in smaller quantities.


12 posted on 01/09/2014 7:37:38 AM PST by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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