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Old 03-28-2013, 12:21 PM  
mayabong
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Join Date: Jan 2010
Posts: 1,952
Quote:
Originally Posted by DWB View Post
It doesn't matter if someone doesn't "own it." Poor choice of words on my end. It needs to be represented properly or the government will eventually make a move on it. If history teaches you nothing else, it should teach you that.

If that means the collective group of bitcoin exchangers or simply mtgox itself, someone needs to try make sure the government doesn't turn on it, and having a voice in Washington is simply how shit gets done when having to deal with the US government. You can have a long term cyber currency that is useful, like how the tobacco industry does with smoking even though it has been proven to cause cancer, or you can stick your head in the sand and hope nothing bad will ever come to it and lose it all when it does. I personally don't care what happens to BTC, I'm just stating some simple and obvious facts.
The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
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