reply to NewsgroupRev
Re: Would you pay for Usenet with Bitcoin? The feds cannot kill it, since it's decentralized.
New York, NY
But they can make it a federal crime with penalties for users to include jail time.
Really, they practically can do anything they want.
reply to singerie3
said by singerie3:How would you propose converting US dollars into and out of Bitcoin when all the usual gateways, such as credit cards, bank draft, PayPal, and other mainstream payment processors, have all been cut off?
The feds cannot kill it, since it's decentralized.
It could potentially become like offshore online gambling, where paying and cashing out winnings in US dollars can still be done, but with high fees and very high risk, as payment processors continue to get raided and shut down, one after another.