In 2009, a mysterious hacker using the pseudonym Satoshi Nakamoto created a peer to peer crypto-currency that promised secured and verified transactions, minimal fees, and most importantly, anonymity for users that chose to implement the digital currency into their everyday lives. Bitcoins (or BTC) can be used online to buy virtually anything, provided that the sellers accepts them as a form of payment. They can be obtained by "mining," which is basically using a computer to solve complex mathematical problems relating to international transfers. The fact that Bitcoins are not backed by a central organization, financial intermediary or national government makes it very appealing for more and more people to use it. Other positives include ease of use, a low inflation risk, no third party seizure, and security. With these points being said, the reputation of this currency is nowadays being closely linked with black markets and illegal trading. In July, Thailand banned the use of the currency altogether, and US government departments are gradually catching up to renewing policies that would make life harder for Bitcoin users. The currency's value is also extremely volatile and unpredictable. No matter what the promised utopian image given to the currency was, nothing can ever escape the voracious appetite of the Internal Revenue Service, and FBI monitoring. The first step of the US government's recognition of Bitcoins came when the less known Financial Crimes Enforcement Network (FinCEN) under the Treasury department issued guidance on the regulations concerning BTC users and trading with a modified Bank Secrecy Act for virtual currencies. These laws are essentially what most users gradually would need to follow. Are these steps really necessary though? Should governments be able to interfere with the operations of the Bitcoin market? After all, the majority of users have nothing to do with the illegal side of things. As governments print more money, currencies lose purchasing power; essentially creating an unseen tax on money stored in places such as banks. When Bitcoins were created, the written algorithm was designed to make it finite. A little under 21 million is able to be mined, and by 2140, "production" will cease entirely. For every year that passes, the amount released is halved. This combats any problems that may be linked with the decision(s) on a country's reserve. Another point that should be taken into consideration would be that in the event a government or organization issuing a currency fails, so does the currency. This is n