Ultraviolet
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May 15, 2013, 06:40:27 PM

Enduring an assault by the Government on Bitcoin is an inevitability. If it passes the test, BTC will become a household name with widespread adoption. If it fails the test, it will be relegated to black market style dealings.

Really, the test has more to do with Bitcoin businesses doing everything on the above board. The Bitcoin protocol is fundamentally solid and good, and this is why BTC has a very large chance to survive.

If Gox lied about being a money transmitter in one account, what about all the others? The problem is non-trivial.