> Bitcoin-like digital currency system called Liberty Reserve
No, it's really not. That's about analogous to "absinthe-like drink called Coca-Cola."
Can the Bitcoin Foundation sue for defamation?
No, it's really not. That's about analogous to "absinthe-like drink called Coca-Cola."
Can the Bitcoin Foundation sue for defamation?
Oh sure, you can tell me about "mining" and crypto, but that's not relevant right now. What, if anything, actually sets Bitcoin apart from LIberty Reserve?
1. http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-ho... 2. http://mashable.com/2013/04/02/western-union-bitcoin/
To the laymen you referenced: https://bitcoinstore.com
For the laymen : Nobody owns Bitcoin. Liberty Reserve owned Liberty Reserve.
It's as simple as it gets.
(b) Bitcoin has many legitimate and legal uses.
(c) Bitcoin has unique and useful properties that are not possible with a private (LR) or fiat (e.g. USD) currency, such as having a fixed total supply.