Economist Warning, Bitcoin Backlash

Bitcoins, or any currency not issued by a legitimate government, will always draw scrutiny from regulators--after all, we have enough problems with governmental currencies!

Economist Warns a Bitcoin Backlash May Be Coming from Governments and Banks | MIT Technology Review: "Governments and established financial institutions are likely to launch a campaign to quash the decentralized digital currency Bitcoin, according to a leading economist and academic. Simon Johnson, a professor of entrepreneurship at MIT’s Sloan School of Management, expects Bitcoin to face political pressure and aggressive lobbying from big banks because of its disruptive nature. . . ." (read more at link above)

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