Rhino wrote:
Someone is going to walk away with a lot of peoples money.
Whatever happened to the billions that "disappeared"
What if say, the US government bans it's use here for businesses because technically they could hide sales, and paying sales tax.. You are fooked.
How could they though?
That’s almost the whole point of it. It’s peer-to-peer and not backed by any entity. It’s like trading and bartering. When you cash out, you trade the BTC for USD, or whatever else you are buying. Just because it has intrinsic value, doesn’t necessarily mean it can be controlled that way. Everyone can stop using Bitcoin tomorrow, then it’s worthless and it’s hard to tax nothing, although the government might try, especially when you don’t know WHO has Bitcoin.
If you're not mixing gas, you're not haulin ass.