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by biomechanica 4752 days ago
When there are laws that attempt to force people to do things they do not wish to do you get a push back - you get something like Bitcoin or Tor or I2P, etc. Law is always a step behind.

What you see right now is Law trying to play catch up. However, it seems quite obvious that the people involved in creating Laws don't quite know exactly what Bitcoin is fully. We'll see a bunch of really dumb bills being introduced in retaliation then, like always, they will adapt slowly and find a way to take control.

Bitcoin isn't exempt, you're right. Though, Bitcoin can be changed or something new will come out.

1 comments

I don't see where this is a new rule. This is the exact same thing the DEA has done with large quantities of money or bank accounts.

The US Government's response so far has been pretty good, actually. They're not making new rules for bitcoin. They're making it explicitly known that they're treating BTC like all other forms of money.