My response to the idea of taxing it banning #Bitcoin brought about by Coin Telegraph describing the Minneapolis Fed...
What comes to mind is that Fiat currency has been working for such a long time... This illusion makes people think that our dollar is the same dollar it always has been. It's not.
It's always getting devalued because deficit creates fear. Fear needs steering which is literally what the root of the word government means, that is to steer. Or more correct to control the rudder of the boat.
Since religion kept government in check and atheists are in charge of the education system we needed something that encouraged faith by producing tangible results. That's Bitcoin. Bitcoin has removed the faith in secular systems and has returned the faith back to religion oddly enough.
At least in my observation.
Now the atheists want to strengthen their platform by punishing the faithful. This will not work out well for them. It will expose them. If anything it will also force them to denominate value in Bitcoin which will decimate their Fiat.