Comment Re:Can we have a week without ... (Score 1) 144
Bitcoin is backed by the stakeholders - those who have invested money into mining and bitcoins. These people are citizens of a variety of countries, many of which offer legal rights for investments. The United States, being the very capitalist nation that it is, has many laws that protect its citizen's property. These citizens will be petitioning the government constantly through every legal avenue possible to insure their bitcoin holdings are not made illegal on a political whim. In Canada for example, the Canada Revenue Agency (Canadian IRS) are going to be passing out rules for reporting the income. It's capital gains once sold on the market, and in Canada that tax rate is quite high, however it is a legal avenue to cash out bitcoins.
There is an emerging marketplace for bitcoins, Baidu probably being the largest name to enter this market at the moment. This list may seem trivial now, but there is enough momentum now that it will likely take off. All it needs is the blessing of a major US political party - and to do that just keep sending them BTC donations. They aren't going to make their own hoard of money illegal.