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Old December 18 2012, 03:53 PM   #5
Solstice
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Re: Bitcoin - What exactly is the big deal?

Ian Keldon wrote: View Post
It's an "alt currency" scam and sooner or later the Treasury department is gonna drop the hammer on it HARD. Aside from being an alternative currency, Bitcoin is primarily used to either purchase goods/services that are illegal (such as drugs) or to avoid paying sales and other taxes.
It's not a scam, and the Treasury department can't do anything about it, because it's not centrally owned or controlled by anyone.

Legitimate services also accept bitcoins, too, by the way. But yes, I am aware that it is currently the currency of choice for online black market purchases.

Full disclosure: I do not own any bitcoins nor do I participate in any mining operations.
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