4 ms·

Actually, you can pay the government in Bitcoin: http://www2.egovlink.com/press-release-bitcoin.cfm http://www2.egovlink.com/press-release-bitcoin.cfm Also, th

Actually, you can pay the government in Bitcoin: http://www2.egovlink.com/press-release-bitcoin.cfm http://www2.egovlink.com/press-release-bitcoin.cfm Also, the ~7 transaction per second limit is completely artificial: https://github.com/bitcoin/bitcoin/blob/master/src/main.h#L37 https://github.com/bitcoin/bitcoin/blob/master/src/main.h#L3... Institutional actors: http://allthingsd.com/20131212/bitcoins-biggest-bet-andreessen-horowitz-leads-25-million-investment-in-coinbase/ http://allthingsd.com/20131212/bitcoins-biggest-bet-andreess...

hapless 13y ago
To address these one by one: 1. My local government can choose to accept anything they want. The IRS, however, will want cash. They are not obligated to talk to your broker-of-choice about BTC. 2. Yes, "completely artificial." I just have to convince 51% of the distributed net to accept my patches, and then I can change any parameter I wish! 3. What does a VC investment have to do with anything?