05 Aug '12, 5am

I Favorited A Video: Congressman Ron Paul's Final Domestic Monetary Policy Subcommittee Hearing: #bitcoin

Rons questions on tax and legal tender where most important and not answered very well. Legal tender law is precisely whats prevents competition as it is the fiat which demands payment in a specific form of money namley fed notes, therefore its a key issue when debating competing currency's I would suggest once an alternative currency hits 10% of use among the population or a certain market cap in relation to the primary currency the government must be obliged to accept it´╗┐ in payment of tax's

Full article: http://www.youtube.com/watch?v=oPCFKHCCKF0&feature=youtub...