This has been covered and is being covered ad nauseam.
Look up the protocol and the countless other threads covering this
Topic: Bitcoin Will It Have The Same Fate As E-gold? - page 3. (Read 4525 times)
E-Gold does not exist anymore because they didn't have the proper licenses and all the founders are now convicted felons. Bitcoin which seems to be very similar will it be effected from the mountain of US laws surrounding money transferring, etc? Is it safe for regular people and business to use Bitcoins in regular online retail stores? Will Bitcoins someday be illegal and can the US pass new laws that don't exist now and make them retroactive?
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