[ExI] "Law of the Crypto Coin" proven by new data point?

[spike]

From: extropy-chat-bounces at lists.extropy.org
[mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Brent Allsop
.
>.Many People still think that Bitcoin is way more risky, so will stay in
USD for way to long.  But volatility does not equal risk.  .  Not smart.

Brent Allsop


Here's a prediction for you.  The US has a current government which has used
the IRS as a means of punishing its political enemies (the Tea Party for
example.)  High ranking IRS officials lied about that under oath, but there
were no consequences.  If a move is made to make this practice illegal, then
the value of bitcoins will go way up.  

 

Reasoning: the risk of bitcoin in the US is that the fed will call for an
audit of anyone who is found in possession of them.  In that way, they don't
need to pass an actual law against bitcoin or any other crypto-currency, but
rather can use the far more open-ended IRS as an enforcement agency.  If a
specific law is passed which makes it illegal to use the IRS as a defacto
law enforcement agency or as a political weapon, then most of the risk of
bitcoin goes away and the value of bitcoins would shoot for the stars.

 

spike

 

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