Comment Re:OMFG (Score 1) 691
"Bitcoin's lack of regulation is not a Bitcoin deficiency, but rather a legal one. Blame government for treating Bitcoin as a commodity instead of as a currency, subject to the same laws as cash. Oh, wait, it basically is subject to the same laws as cash, [...]"
Bitcoin is not legal tender in the USA. This means that no one is obligated to accept it to clear debts. Other commodities, like say gold, or even cheetos, have some inherent value.
"the government can't create more of it out of thin air (which is a good thing, if you want your money to have the same or better purchasing power tomorrow as it did today)." I think this is a fair argument for anyone who has a fair chunk of cash in a savings account. But I don't see anyone having ever made an effort to change this through political means. If you don't like something your government is doing, a patriot would try to change what the governement is doing. If instead you try to undermine the government and the value of our mutual resources, that's not being a patriot - in fact, it's the opposite.