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<em>The EU has launched a new attack on Bitcoin, which is the direct result of a European Central Bank report released in 2012. Beneath is an analysis from that date, pointing out the flaws in the report. The EU is not philosophically, intellectually or technically competent to draft Bitcoin regulations, and of course, any such regulation is unethical and illegitimate by default.</em>

The New EU Attack on Bitcoin.

John Matonis has <a href="http://themonetaryfuture.blogspot.com/2011/11/air-guitars-and-bitcoin-regulation.html" title="The Monetary Future: Air Guitars and Bitcoin Regulation" target="_blank">an excellent post</a> on his <em>‘Monetary Future’ </em>blog. In it, he logically goes through some of the issues surrounding Bitcoin. It is well worth reading. One section however, spurred this post. It’s the part about <a href="https://www.google.com/search?ix=aca&amp;q=Vili+Lehdonvirta&amp;um=1&amp;ie=UTF-8&amp;hl=en&amp;tbm=isch&amp;source=og&amp;sa=N&amp;tab=wi&amp;biw=1341&amp;bih=678&amp;sei=4EzRTvPJLseh-Qahmd3bDg" target="_blank">Vili Lehdonvirta’s</a> ideas on ‘virtual goods’:

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