21 May '13, 8pm

Outstanding piece on BTC regs by @brianmdoherty @reason

Jeff Tucker, the executive editor of Laissez Faire Books and an enthusiastic Bitcoin advocate, wrote yesterday that while he understands why the big players in Bitcoin might think that “every regulation confers a welcome legitimacy on the currency/payment system, and grants it greater chance for market success,” it’s a sad state of affairs that even arising from such a libertarian pedigree that the Bitcoin world has come to see only two choices, “government prohibition or government management,” with laissez-faire not an option. Tucker foresees a sad world ahead for early Bitcoin adopters who loved it because it was a pure market creation. Although the “first round of regulation will continue to target the exchanges, and focus on reporting requirements,” he writes, “Users will be next, with a focus on moving money from here to there. There will be dollar-based triggers on ...

Full article: http://reason.com/archives/2013/05/21/bitcoin-cant-be-sto...

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