Wednesday, December 24, 2014

The Dangers of Bit Coin-Copying Bit Coin


There is no law that prohibits people from making their own crypto currency.
If a new crypto currency comes out and becomes more popular than Bit Coin.
Wouldn't Bit Coin lose it value?
The dollar is backed by the government.
The government also makes the laws
If a person decides to print their own dollar bills  
What happens to that person?

That person goes to prison