Quote:
Originally Posted by Halfcan
I do see this as useful for transfering money accross borders- western union charges a lot and has all kinds of restrictions. It wont be long before the Gov- clamps down on it and tries to tax it in some way or ban it.
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How could they possibly regulate it though? It has no connection to the Fed-that is the exact reason for it, to be a Fed killer. It can be traded through the internet or through an exchange off of a thumb drive, emailed, what-have-you. It has not physical presence to be confiscated. Because its not affiliated with a country, no country has the right to tax it.
Any action they took would be completely unenforceable.