17 Jun '13, 1pm

Can Bitcoin make peace with Washington?

Can Bitcoin make peace with Washington?

Comments Tweet More Federal regulators are increasingly paying attention to Bitcoin, the decentralized virtual currency. Last week, two of the most senior figures of the Bitcoin community trekked to Washington to try convince D.C.’s power brokers that they are eager to work with federal officials. But that may prove easier said than done. Will the inherent decentralization of Bitcoin make it hard for proponents of the currency make peace with regulators?(weusecoins.com) In its early years, Bitcoin seemed like an anti-government movement as much as a technology platform. The currency’s decentralized architecture and permanently fixed monetary policy made it attractive to technologists who distrusted the conventional banking system. And federal officials ignored Bitcoin for its first few years, allowing it to operate with minimal regulation. But Bitcoin’s days of flying belo...

Full article: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/1...

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London's Bitcoin pub

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