Bitcoin 101 – The Nightmare of Bitcoin Regulation – A Laundry List of Scenarios

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If you are a federal regulator right now you are having bitcoin nightmares. Nothing has ever posed so many challenges to federal authority as bitcoin. We look at all the trouble spots and run…

25 COMMENTS

  1. Grow up. What I do with my money is MY BUSINESS! The regulators, and
    central bankers have been abusing people the world-wide with their
    extortionist, usurist policies for too long! The disconnect between
    innovation and resources is narrowing further still, and you nimrods are
    still talking about trying to “regulate” it? What the fuck is wrong with
    your brain? Allowing governments to govern bitcoin is like putting wolves
    in charge of regulating the population of fleas… And to be frank about
    it, they can’t! Today there is Bitcoin and a plethora of other
    cryptocurrencies. If the fed decides to put the hammer down before everyone
    realizes that we don’t have to ask for their permission any more, another
    better less regulatable, less manipulable, more decentralized, faster,
    stronger, cryptocurrency will arise out of the fuzz, and the free market
    will begin to stride toward it’s own liberation once more.

    Take a look around Youtube and check out the number, and variety of Bitcoin
    mining videos. Take a good look at the people making the rigs, the
    diversity of style in mining rigs, the location of the participants, the
    diversity of their backgrounds. They are the people making the Bitcoin.
    After watching even a random pick of 5 of them, if you can come away with
    the impression that any governing body will ever be able to take that away,
    or regulate it like every fiat currency out there, than you weren’t really
    paying attention to what you were seeing, or simply lack the ability to
    fully appreciate the implications of it…

  2. Bitcoin 101 Blackboard – The Nightmare of Bitcoin Regulation – A Laundry
    List of Scenarios
    Published on Nov 13, 2013

    If you are a federal regulator right now you are having bitcoin nightmares.
    Nothing has ever posed so many challenges to federal authority as bitcoin.
    We look at all the trouble spots and run you through a laundry list of
    federal regulation considerations. This is clearly a pressing issue for
    stores and merchants looking to accept bitcoin, but its also a topic on the
    back of everyone’s mind.

    This is WBN’s first episode looking at Bitcoin Regulation and this is the
    8th episode in the blackboard series — a beginner’s course in bitcoin.

  3. You failed to discuss the # 1 issue our sold out “elected” gov’t will be
    concentrating on almost totally. That will be to keep the PTB who own and
    control the Fed’l Res. protected and to remain in control. Rest assured all
    that support legistation to prevent bitcoin or such from being legal will
    receive multimillion or even billion dollar payoffs. Our criminal gov’t
    simply can pass a law making everything but the existing counterfeit dollar
    illegal and pressure any country that threatens creating or using a
    different exchange with military destruction just as they have been doing.
    Research it !!

  4. Now the FED with this new BTC sheer lunacy will have to shift gear and hike
    interest rate on the american dollar to make the people be more interested
    in it and drop the silent fight it’s been sustaining for the demise of the
    euro. 

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