Mining for Bitcoins

A friend of mine alerted me to this interesting article on “Bitcoin,” a “P2P virtual currency” launched in 2009, which appears to be a form of virtual “gold,” intended to be used as digital money.  A quick search showed that opinions on its legitimacy are decidedly mixed:  some people think it’s great & others think it’s a scam.  I’m no economist, but I can’t help wondering why Bitcoins aren’t unregistered securities.  Uh-oh?  Maybe someone will be hearing from the SEC?

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1 Response

  1. PrometheeFeu says:

    Could the programmers really be prosecuted as such though? The software just allows you to potentially generate bitcoins. Wouldn’t just need to be one who has generated (and or traded maybe?) bitcoins in order to be somehow subject to prosecution?