RE: The Crypto Update 12/2/17 - New Fed Legislation - Don't come Forth As a Bitcoin Holder = Hardtime in fed Pen
That's the excuses they use and this is why we have to self-regulate and the exchanges have to do a better job of kicking them out themselves.
If they go to the public, which they're doing as I write this, and say that Bitcoin is being used for money laundering, human trafficking, supporting terrorism, child porn, tax-evasion,ripping off the public, drug sales, gun sales and every other creepy thing..... the public is not going to say, "That's just a handful of idiots." They're going to say, "This is why the value keeps rising and we have to stop it."
Once they have that public support, they will have all the senate and house support because they have nothing to lose and everything to gain by shutting it down. And all of us are going to look like a bunch of criminals.
Agree, cryptocurrency use going to be attacked every way possible. Your doing a great job bringing awareness and people into it. I am one of them. Think that the best defense to slow the attacks is to get more people to invest and use the coins. That would help to fend off banking and governmental attacks maybe some.