the body exercising authority over a political units and questions about how they may affect, and be affected by, crypto-currencies.

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1answer
213 views

Can the Government step in ,to ban bitcoins? [duplicate]

The price of bitcoins increase with demand. Demand increases because people can spend the bitcoins. I think the price of bitcoins started as a drug money. The main advantage of bitcoins is that the ...
0
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0answers
71 views

Government seizure of Bitcoins [duplicate]

When a Bitcoin is seized by a government entity such as the U.S. and the Silk Road, what happens with the Bitcoins? If there are supposed to be only 21 million BTC and the confiscated ones are never ...
3
votes
4answers
339 views

How many BTC were seized in relation to the shutdown of Silk Road?

I'm interested in the total amount of BTC that was seized in the Silk Road confiscation by the FBI. The reason I'm interested is so I can figure out what Bitcoin Addresses were used and how I can ...
25
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2answers
778 views

What does the US government do with seized coins?

It was reported today that the US government shut down the web site Silk Road, where people bought and sold things (allegedly including illegal drugs) using Bitcoins. The operator was arrested, and ...
1
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2answers
181 views

Government disrupting reception of bitcoins. Is it possible?

I was thinking of a very specific scenario: Suppose we have a new organization, let's call it "WikiLeaks2", which receives donnations mostly in the form of Bitcoins. Suppose a national government ...
1
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0answers
69 views

Are we anonymous against governments? [duplicate]

If all transactions are public knowledge and coins are identifiable and thus traceable. With the power of subpoena can't a government uncover who bought the coin(s) from an exchange. It might be ...
3
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3answers
593 views

What happens if the US govt. bans Bitcoin?

They can do that because they are the US govt. What would be the likely consequences of the ban?
6
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3answers
542 views

What prevents Bitcoins for being used by criminals to avoid taxation?

Governments around the globe are fighting black markets by following money trails and transaction histories, usually involving checking the suspects bank accounts. This makes it at least feasible to ...
2
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1answer
206 views

Can someone with an unlimited amount of money compromize the network?

I was reading this interesting discussion in the comments section on ZH where this guy was talking about how a single entity (think corrupt government and banksters) can throw money and processing ...
2
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1answer
319 views

Is there a website that tracks Bitcoin taxes paid to local government?

One thing that would further legitimize Bitcoin with government oversight is the payment of relevant taxes to Federal and State government (in local equivalent currency) for e-commerce and mining ...
3
votes
2answers
452 views

Will an approved Bitcoin-like system replace Bitcoin?

What is the chance of another Bitcoin-like currency system to replace Bitcoin? Will Bitcoin still coexist with such systems? Will it affect then-current Bitcoin exchange rate? By Bitcoin-like, I ...
5
votes
2answers
146 views

What is a brief summary of the ECB's report on virtual currency?

On 29th Oct 2012, the European Central Bank released this report on virtual currency. What is a summary of its comments on Bitcoin?
9
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2answers
650 views

How much would it cost for a government to undermine Bitcoins?

Articles by for example the Economist stating that Bitcoins are being used for drug trading (Silk Road), I believe that the biggest risk to Bitcoins is that a government will pull a stunt similar to ...
6
votes
3answers
501 views

Defense from Government Intervention

What's to stop a government, say the U.S. government, from saying "Hey, it's okay if you want to use Bitcoins, but you have to use at least version 0.6.3". And then a year later changing the law to ...
30
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4answers
3k views

What methods could a government use to shutdown Bitcoin?

Let's say that that a government decided to shut down the Bitcoin network, what options would they have to achieve this? Would they need to convince other/all governments? Let's set as a precondition ...
26
votes
5answers
2k views

What would a country adopting Bitcoins as official currency have to reinvent?

Let's say that a country decided to ditch their currency and go for Bitcoins. What would this country have to reinvent. The reason why I ask, is because I believe that if a tiny country was to adopt ...