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singerie3

join:2008-10-12
Saint-Constant, QC
reply to NewsgroupRev

Re: Would you pay for Usenet with Bitcoin?

The feds cannot kill it, since it's decentralized.


Rojo

join:2009-04-14
New York, NY
kudos:1

But they can make it a federal crime with penalties for users to include jail time.
Really, they practically can do anything they want.


newster

join:2011-09-26
reply to singerie3

said by singerie3:

The feds cannot kill it, since it's decentralized.

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?

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.