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Comment Re:Welcome to the stock market (Score 3, Informative) 356

The government did not issue a loan, they bought a large amount of stock.

a) Would they have purchased that stock if it hadn't been a "bailout"?

b) A "loan" would have left them with nothing if the company had tanked. A stock purchase would entitle them to some company assets to sell off, this is what most people call "security".

Comment Re:No Sympathy (Score 1) 413

It's not just a (physical, building) security system, it's ANY system. Why on earth would you choose to base your product (something that presumably companies will use for many, many years) on something that will have no security support in just 4 months?

a) It's not connected to the Internet.
b) There's no idiot users surfing the web with it.

Comment Re:Real enough to tax. (Score 1) 245

Sounds like a currency to me.

It's far too unstable to be a real currency. It's more like, eg. gold - something with limited supply that has a value to other people.

Except that right now it's far too unstable to even be compared to gold. It's more like a stock in a smallish company - the value goes up and down wildly every day.

Comment Re:How is Norway going to know? (Score 1) 245

the NSA doesn't care about tax cheats, they are concerned with terrorism. Since I have zero intention of ever being a terrorist, I'm not really worried about the NSA.


The NSA generates (and stores) data.

The trouble with having mountains of data is that sooner or later a politician will think "I could use that for...XXXX".

Or some police department will request it. Or the IRS.

If you build it, they will come.

Comment Re:How is Norway going to know? (Score 1) 245

Well this applies to anything else.


If I aquire a load of highly prized poppies and don't report my acquisitions, how will they know?

Sooner or later you'll sell them and convert their value to real money.

Poppies are much safer than Bitcoin in this respect. Poppies are physical so can sell them for cash and keep it under the mattress. Bitcoin can only be exchanged for real money electronically, good luck keeping that a secret from the spies.

Comment Re:How is Norway going to know? (Score 1) 245

The IRS doesn't have access to bank accounts or other private financial transactions outside of a detailed audit.

That's what they want you to believe, so you think you're getting away with it.

They prefer *everybody* to be a criminal in one way or another. That way they'll have something on you when they need a 'favor'.

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