Without even watching this video (I will when I get a chance away from work), it is hardy the end of anything. The investigation is just that, they have created no new laws or pushing to limit what Bitcoin can do, though I have no doubt once they realize that Bitcoin is a direct competitor to Federal Reserve ponzi-banking they will do everything in their power to kill it off. They don't want us to use something they dont control in the slightest, as I imagine doing legitimate and fair business in an open field of battle is appalling to them.
But they can do this no more than they did to BitTorrent, which in the end after millions of dollars were burned on legal suits, resulted in nothing.
Even if they did kill Bitcoin dead somehow, there are about 40 other blockchains out there to take its place. They simply cannot regulate it all, much less control because unlike fiat no one owns the Bitcoin network. Bitcoin is the antithesis of money control, designed to deflect such regulation.
Topic: 2013-08-15 FOX News - Bitcoin Investigation: Is this the end of virtual currency - page 3. (Read 3620 times)
August 15, 2013, 06:35:13 PM
August 15, 2013, 06:26:33 PM
TL;DR: Bitcoins, B-I-T-C-O-I-N-S - It's available to you inside the google.
August 15, 2013, 06:16:59 PM
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