05 Jun '13, 6am

Amazing: reddit post on Bitcoin separating money from State receives 32+ down votes

I'm not pro-regulation of Bitcoin, but then Bitcoin in and of itself cannot be regulated (though if they tried really, really hard, they could block transactions). I wouldn't say I'm pro-government in general either, but there's certainly benefits to having one vs not having one (although individualism has its perks). What's being regulated is the bit where people exchange a currency (say, U.S. Dollars) for Bitcoin, or a Bitcoin to a currency - and even then the issue isn't with that exchange itself, but lack of registering as a currency exchange. If Bitcoin is really to flourish, it will eventually have to become a non-story that you couldn't exchange it for Dollars, Euros, Yen, or Gold nuggets, because you the person having the good or service you desire will accept Bitcoin, and they pay their suppliers in Bitcoin, who pay their staff with Bitcoin who buy Chicken nuggets...

Full article: http://www.reddit.com/r/Bitcoin/comments/1fnoni/dear_pror...

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