Thread: BitCoin
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Old 06-10-2011, 11:54 AM   #15
SeanPlunkSeanPlunk is offline
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Quote:
Originally Posted by Vettezuki View Post
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.
Eventually people will have to be able to cash out. They'll be able to stop financial institutions from doing that.
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