Comment: When you side step the established currency system

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bigmikedude's picture

When you side step the established currency system

in a way that prevents a bankrupt, spending addicted government from getting their take, I assure you, they can indeed control it.

If not by regulating it, then by outlawing it, or bogging it down with other legal blockades, and forcing you back into their system. I personally think it is only a matter of time before bitcoin comes under full legal assault.

Never underestimate a bankrupt government in its death throes, facing an evasive competition to its trackable, printable, manipulatable, and taxable reserve currency lifeline.

They confiscated gold once, they can find a way to do anything they want. Bitcoin won't be immune.

It's an interesting system no doubt, use it while you can.

But sadly, when has anything ever been out of government control's reach?