4 ms·

Stupid question expecting stupid answers: Is there a reason why Bitcoin can't just be treated and regulated like any other foreign currency?

• dil8 13y ago
  I think the anonymity of Bitcoin makes it tougher to regulate when compared to other currencies which generally pass through regulated intermediaries.
  • vyrotek 13y ago
    Honest question. Isn't giving someone a $20 bill for something more anonymous than BitCoin?
    • dil8 13y ago
      Yes, cash is more anonymous. Though, large deposits and withdrawals of cash receive more scrutiny.
    • MacsHeadroom 13y ago
      Yes, but there are downsides to cash which Bitcoin solves. For example, crossing country borders with more than $2k-$5k in cash is a felony many places. Bitcoin, however, is as blind to borders as TCP/IP.