Topic: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America? (Read 1334 times)
January 11, 2014, 10:27:31 PM
What's a freaking stamp anyway??
January 11, 2014, 10:20:49 PM
doesn't that law essentially make poker chips illegal? Poker chips are tokens that are worth less than a dollar
January 11, 2014, 10:16:37 PM
Wasn't there just a thread on this same topic yesterday??
Yes, and many responses.
Short answer is no. If US wants to ban BTC, it won't be via this. It will be something along the lines regulation, taxation, laundering.
January 09, 2014, 02:57:22 PM
Wasn't there just a thread on this same topic yesterday??
January 09, 2014, 12:22:38 PM
No, since bitcoin are generated in blocks, one block include 25 coins, which worth much much higher than $1
January 09, 2014, 10:45:56 AM
That would be ridicolous.
Besides, I don't think Bitcoin was designed to fit into the current system anyway.
Laws and Regulations need to be designed to work with new technologies, not the other way around. If everything new needs to fit in the current system we won't have any progress anymore.
January 09, 2014, 10:41:49 AM
Not a check, note, or token. I see no issue IMO. Besides we transfer, not issue 
January 09, 2014, 09:39:48 AM
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