...
Hardcore Intrade addicts can also turn to the tiny prediction market Bets of Bitcoin, where some believe converting your dollars to the internet currency Bitcoin circumvents laws around commodity options because the site isn't using a government-recognized currency.
Hardcore Intrade addicts can also turn to the tiny prediction market Bets of Bitcoin, where some believe converting your dollars to the internet currency Bitcoin circumvents laws around commodity options because the site isn't using a government-recognized currency.
That's the wrong reason. The usefulness of bitcoin is that it is a censorship-resistant currency, not that it is an government unsanctioned currency.
Fundamentally you are right, that is the real strength of Bitcoin. But while the censorable medium of the normal web is being used another benefit of Bitcoin is that government can't (or maybe just hasn't) recognized it for what it is.
