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Old 12-27-2016
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empirestate empirestate is offline
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Default Re: Bitcoin Guide/Tutorial: What is it?, How do you buy it, Spend it, Withdraw it etc

Quote:
Originally Posted by sdot10 View Post
I agree some places have have "passed laws" to regulate it but just because a law is passed that doesnt really mean much. Hell there are laws against drugs yet people still get them. I think the regulations are completely futile because again bitcoin is an unregulated. There is no central bitcoin bank. No country owns it. Governments are trying to treat it like other forms of money but you cant. Its a beautiful thing but also thats why the risks are out there. since its not backed by anything there is no recourse.
LOL, so you think your paper money is safer because it is backed by what? gold..? or just a promise?
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