Comment Re:Yes, and? (Score 1) 178
I can parse that complaint, and I agree with it. I bought my car for $foo and we worked it out to a monthly payment. I always made that payment via check until I received the title. I'm one of the holdout types who still likes to write checks and put them in an envelope with a stamp, there's some personal empowerment there where I remain the final arbiter over the distribution of my money.
But once a contract was in place, and I was driving the car, I could have shown up with cash, or mailed them such which is an enormous risk. GMAC/Ally would have been obligated to accept that payment. In cash bills. Nothing says that GMAC/Ally is required to accept Bitcoins or Dogecoins or any other made-up "money." But my hundreds, twenties, tens, fives, and even down to $1 bills, my government may do a lot of things wrong but they will guarantee that those pieces of paper will be accepted for any debt.
Is it the government's business what I'm doing with 100 $100 bills? Fuck no. I should make it very clear that I don't approve of reporting requirements. And the idea of civil forfeiture is entirely ridiculous.
I'm not arguing against BTC. I don't own any, don't want any, the whole concept seems messed up. If you have BTC and can cash them out for money, do that! Just don't come around after your BTC "investment" disappears and say you've been screwed.