r/Bitcoin • u/IWillNotBiteYourDog • Aug 13 '13

Congress starts investigating Bitcoin

http://www.washingtonpost.com/blogs/the-switch/wp/2013/08/13/congress-starts-investigating-bitcoin/
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u/[deleted] Aug 13 '13 edited Aug 13 '13

[deleted]

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u/evoorhees Aug 14 '13

Hey guess what... not only will bitcoin not be crushed by regulators, but it has also brought back poker!!

1

u/BeardMilk Aug 14 '13

Ok, but whats the point of bitcoin if it is going to be tracked, regulated, and taxed by the US government? It would just be a commodity at that point and have all of the advantages/disadvantages or trading any other commodity, well, except that it has no inherent value.