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Comment: Gold is not illegal as a currency
Gold is not illegal as a currency
Article I, Section 10, Clause 1 of the constitution still says only gold and silver are to be used in the payment of debts. The government doesn't have an outright prohibition on the use of gold or silver as currency. You can still choose to use it assuming the other party will accept it. However, the government indirectly enforces the prohibition of alternative currencies through the tax or counterfeiting laws.
The same goes with bitcoins. If you transact in bitcoins and the government determines that your evading taxes by using them, then guess what, they become indirectly prohibited in the same manner as gold and silver and people will stop using them.
So assuming you achieve your goal of replacing the dollar with bitcoins, what have you fundamentally changed? If my wealth is stored in convertible hard assets, such as gold and/or silver, then why should I care if I use the dollar, manipulated or not? I can just convert my assets anonymously into dollars and pay my debts without being tracked. What advantage do I gain by moving to bitcoins? Also, I'm not entirely convinced that bitcoins are anonymous and untrackable.
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