Friday Poll: Should Bitcoin be banned? ift.tt/1dIIRz2 (Credit: - TopicsExpress

Friday Poll: Should Bitcoin be banned? ift.tt/1dIIRz2 (Credit: CNET) Its been a strange couple weeks in the realm of Bitcoin, the cryptocurrency that defies government regulation. The first US Bitcoin ATMs went into service, popular exchange Mt. Gox seized up, and Joe Manchin, a Democratic senator representing West Virginia, called for a US ban on Bitcoin. In a letter sent to the Treasury Department and other federal regulators, the senator characterized Bitcoin as highly unstable and disruptive to our economy. He calls for a complete ban in the US. The letter is more about drawing attention to Manchins view of the issue, rather than anything that will result in regulatory action. The recent incident with Mt. Gox has brought up questions about the safety and reliability of Bitcoin, but its far from a knife in the heart of the cryptocurrency. It does have a famously fluctuating value. CNETs Crave writers have lost a little money on Bitcoin recently. I sent $20 into a Bitcoin kiosk, and its now worth just over $16. Craves ... [Read more]

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