Do you see any specific legal hazard for users that I don't?
There have been a few others discussed in this thread and in the other thread on Bitcoin. They include the argument that since individual users are making the currency they are counterfeiting (plausible legal argument), or that each individual is acting as a bank(weak), or that all users of Bitcoin together make up an organization for purposes of RICO (plausible). Since Bitcoin is not as centralized as e-coins it is much more plausible that a government response would go against actual users rather than any central organization. In any event, the primary problem for the SIAI would probably be the public status hit if there do end up being legal issues, not the actual legal complications.
hey include the argument that since individual users are making the currency they are counterfeiting (plausible legal argument), or that each individual is acting as a bank(weak), or that all users of Bitcoin together make up an organization for purposes of RICO (plausible).
Counterfeiting is less plausible than the banking claim, not more.
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