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Comment Re:Speculation (Score 1) 293

BTC are backed by the very same trust that allows exchange for goods using US Dollars.

Using BTC is indeed a way to extinguish some obligations (if i want to buy a good, the buyer is obligued to give it to you and you are obligated to pay the price) between parties that allows them. Also i fail to see how tax law is related to this, since the whole point of BTC is being unregulated currency so taxes play no role whatsoever on any transaction involving bitcoins.

While I do recognize that the trust behind us dollars is greater than in BTC, the issues they face are common. They are just different in magnitude.

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