26 Nov '14, 11pm

ZDNet’s Ken Hess Attacks Bitcoin as ‘Illegal’ #ZDNet #KenHess

ZDNet’s Ken Hess Attacks Bitcoin as ‘Illegal’ #ZDNet #KenHess

The breaking news on Reddit today is an article by Ken Hess , “reporter” for ZDNet. The Reddit community seems to be in panic mode about Hess’s report that the United States Senate is poised to make Bitcoin illegal. A casual inspection of his report however makes his claims highly unlikely, at best. Hess’s problem with Bitcoin seems to be that it is being used as a form of currency and that, under “Article 1, Section 8, Clause 5 of the Constitution of the United States, only the US Treasury can coin currency.” The problem is that while Hess is usually a competent tech writer, and he is completely correct in the above claim, it is apparent that he has little understanding of either finance or law, and his biography on ZDNet demonstrates no history in dealing with either subject. Hess printed a response that he received from US Senator Tom Coburn (R-Oklahoma). Before the tex...

Full article: http://cointelegraph.com/news/112997/zdnets-ken-hess-atta...

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Senator Tom Coburn agrees that Bitcoin is not l...

zdnet.com 26 Nov '14, 2pm

Thank you for writing to me to express your concerns about cryptocurrencies, such as bitcoin. I appreciate the opportunity...

Senator Tom Coburn agrees that Bitcoin is not legal currency

Senator Tom Coburn agrees that Bitcoin is not l...

news.yahoo.com 26 Nov '14, 2pm

Thank you for writing to me to express your concerns about cryptocurrencies, such as bitcoin. I appreciate the opportunity...