Bitcoin + Open Transactions + Web Of Trust are the building blocks for a complete replacement of the traditional finance industry. They each solve a different problem. : technology

Bitcoin + Open Transactions + Web Of Trust are the building blocks for a complete replacement of the traditional...

complete replacement of the traditional finance industry If they can't tax it... the government will make it illegal. They haven't bothered yet because the bitcoin economy is too small to matter to a government. On top of all else, the value of a bitcoin is arbitrary and more like a stock than any government backed currency. The list of things that make this notion absurd is too long to list here. It's a cute notion but completely unrealistic.

Full article: http://www.reddit.com/r/technology/comments/xktq3/bitcoin...