Bitcoins- Another really bad idea!

"Bitcoin (BTC) is a cryptocurrency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system. Bitcoin creation and transfer is based on an open source cryptographic protocol and is not managed by any central authority. Each bitcoin is subdivided down to eight decimal places, forming 100 million smaller units called satoshis. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.

The processing of Bitcoin transactions is secured by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using peer-to-peer filesharing technology. In addition to archiving transactions, each new ledger update creates some newly-minted bitcoins. The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bitcoins will have reached a maximum of 21 million bitcoins.

Bitcoin is accepted in trade by merchants and individuals in many parts of the world. Similar to other currencies, illicit drug and gambling transactions constitute some of its commercial usage. Although the bitcoin is promoted as a digital currency, many commentators have criticized the bitcoin's volatile exchange rate, relatively inflexible supply, and minimal use in trade." from Bitcoin-Wikipedia

The dollar is currency whereas the bitcoin is what people HOPE will someday be a currency. Any sane government will stop before this becomes a real option.
The real problem with bitcoins is simple. The "Flintstones" used rocks as currency in the cartoon and the bitcoin is equal to rocks. Anyone can create limited numbers of a product and attempt to get others to accept it as currency. The problem is, government defines what is currency and not the people.

Think of this in the simplest of terms. Right now I can pick up a pile of rocks and go out and enter any gambling event I want... as long as they are only gambling with rocks and not with real legal tender.

When people start accepting those rocks as legal tender, how does a government control that?  How do they stop the gambling they have outlawed online for example? How do they stop a pervert from using it to as a means of buying child porn that goes undetected because they are not taxed and since they are rocks, can't be taxed, as the government does not accept rocks as legal tender.

See everyone likes to compare bitcoins to gold. The problem is gold is NOT legal tender. You can't go to the store and spend gold like money for a purchase. The reason being is gold cannot be taxed. This is why there are no taxes when transferring gold to dollars. The government recognizes that the gold does have value and thus they EQUATE it to legal tender, meaning you CAN transfer it.

Because bitcoins do not have this separation and are being used as tender... they are much different. They either will eventually  HAVE TO BE regulated by governments or they should be outlawed. This is the only way that I can see bitcoins remaining possible. I do still believe is another very bad idea and am still against one world government and money and believe this is part of the great whore that is coming. I, for one, am keeping a watchful eye.