Quote:
Originally Posted by mayabong
The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
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It's all about lobbyist. Money makes Washington move.
There should be competing currency even if it would be difficult to maintain. We should all have the right to choose our currency. But that is exactly why some balls need to be cuddled in Washington because it is a competing currency and the Federal Reserve and government doesn't allow that.
Using mtgox for example, they have bank accounts somewhere as they trade dollars for BTC. Those bank accounts can be frozen in a blink of an eye, as can any other exchanger. I would think they would want to do everything possible to make sure that doesn't happen, and since it is a competing currency, and it is being used openly for illegal goods, the odds are currently not in their favor.
Anyway, good luck with it. Hope you make a bunch of money. I'm not getting involved but it's interesting to watch.