Thread: BitCoin
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Old 06-10-2011, 10:58 AM   #14
VettezukiVettezuki is offline
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Quote:
Originally Posted by SeanPlunk View Post
It's illegal and it looks like a lot of people were using them to buy drugs. Surprise, surprise. Google the silk road + bitcoin.

BitCoin is used for a lot of things already. The Silk Road is just a pretense. Not that I care anyway. They're concern is competition to legal tender and money systems that make it easy to evade taxes. The gubment has shut down various forms of digital currencies in the past. The difference is those had centralized clearing houses which could be in some form physically seized. This one doesn't at all and will be far harder, maybe impossible to stop itself. We'll see how it goes. It's kind of unique in the history of money and difficult to clearly evaluate.
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