25 Mar '13, 5pm

BitCoin Mania Accelerates

TPTB have no problem running a BitTorrent client, and harvesting IP addresses of downloaders. Ditto BitCoin - they can harvest IP addresses, declare it illegal, then start making visits in person. It's not anonymous by a long shot and it wouldn't take many more than one or two highly visible arrests to damage it severely. Or they could simply force ISPs to block BitCoin related packets, which they can easily identify via their already-in-place deep packet inspection hardware. Truth of the matter is, they could shut it down in the US in a matter of a few hours, if they so desired. You might have lots of bitcoins in your wallet, but without the 'net, you aren't going to spend or exchange them for anything useful.

Full article: http://www.zerohedge.com/news/2013-03-25/bitcoin-mania-ac...

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