Does Government Regulation Destroy the Bitcoin Model?Submitted by MarkDran on Wed, 04/03/2013 - 09:46
The government likes to give a hard time to alternative currencies.
Back in the day, the government tried to destroy egold by going after the 'digital money exchangers'. These folks were unlicensed and the government would seize assets and levy fines.
SO I ASK:
(1) What would prevent the government from going after the digital money exchangers of bitcoin using fines, licensing, and /or sales tax?
AND.. Suppose they regulate bitcoin and jail the first generation of digital money exchangers.
(2) Does this affect the Bitcoin alternative currency model at all?