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Message: <blockquote data-quote="Kramodlog" data-source="post: 6271527" data-attributes="member: 55961">Yeah, that is shinny talking point of the NRA against gun control, but reality is, as always, more complex. Laws are a guide and a deterent, because if you violate them you risk facing consequences. In our fictitious example, if banks, registered and well known entities, could be seized if they did not adopt the program you say it is needed to keep them in check, they would be... seized. Not something they want to happen. Bitcoin is not trying to do that. It wants to substract money from guberment oversight and control. That is different boatload of issues that it creates more than solves. The mtgox debacle shows the consequences of not having oversight and a central agency to help people who lost money.Do you have examples of banks doing this?Crypto-currencies have a future, Bitcoin probably not because of its finite amount and the inevitable upstart that will out perform it.Even if crypto-currencies fluctuate so much, represent security risk and aren't worth the trouble to use instead of traditional currencies, they will stay a marginal phenomenon useful to criminals and people who fear guberment. The cat is out of the bag now, but a marginale cat. Unless for some reason a lot of people decide to use them to avoid sell taxes and enough employers adopt them to pay their employees. There is a very subversive element to crypto-currencies that elites who label them as useless gimmicks do not understand. If governments are not capable of collecting revenues they can't function and that creates another boatload of problems.</blockquote>

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