Quote Originally Posted by The_PHA View Post
This "currency" is a fucking monumental scam. Think about how stupid this is. Some guy from Japan invented this "currency" in 2009 and its based on, well, nothing. It's backed by no government and no assets.

Actually, you know what its based on? Monumental fuck ups who can't hold a normal job, or fucking schemers, scammers and druggers. A guy like Jasep would be a perfect ambassador for this scam. Same with the cash gifting cab driver.

Mining bitcoins? Are you fucking serious? The guy who invented this "currency" has to be laughing his fucking ass as suckers like Micon keep feeding him money.

Going to be hilarious when the Feds drop an atom bomb on shitcoins. You know its on their radar. They move slow, but when they act, it's over. Look at those payment processors for online poker. They are in jail. When you launder USD$, you go away. Shitcoins is a front for gambling, porn and drugs. You really think the Feds are going to ignore that?
The US dollar is a scam. Theres a guy with a beard whose solution to every problem is: print money.

What law is any bitcoin exchange breaking? Gox follows AML procedures.

Mining bitcoins IS auditing transactions. It has a significant purpose.

I agree that it will be hilarious when the Feds TRY to do anything to stop bitcoin. Ya it's on everybody's radar. You can point a gun at 1+1=2, it doesnt change the math.