Ah, so if U.S. government says Bitcoin is legitimate, it suddenly has extrinsic force: it will be accepted like “real” money.
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@GlennF The only way that gov't force will really enter the picture is if it begins to uphold contractual agreements w/r/t Bitcoin.
@GlennF Which is not nothing, but reeeeeeally different from the federal gov't recognizing it as money. Which it won't.
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@sarahjeong This is true, and I accept that. But it slides Bitcoin slightly out of the current slot it occupies. -
@GlennF Maybe! It's actually unclear. FinCEN guidance has been floating around for a while now, & there's contract cases pending right now!
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