I was wondering how long it would take before FEDs, not only in the US, but in other nations, would go after the bitcoin industry.
I recall in the early 1980s there was a small system of bartering. Initially, it was harmless and only impacted a few localities. But, it started to spread, and the FEDs moved in to tax and regulate it out of business.
Bitcoin seems to be a direct challenge to ‘legal tender’ and few, if any, nations are going to let that happen.
Not without a fight I'm assuming. But bitcoin and all crytocurrencies in general have the ability to go viral and to tunnel through just about anything put in place to stop it. Its popularity with regular people in every country makes it into a powerful force even governments in collusion will difficult to deal with.
Itex?
It’s stil around. I’ve had stock in it for 15 yrs.
http://en.wikipedia.org/wiki/Itex_Corporation