26 Jun '13, 9am

Someday, somebody with a lot of Bitcoins is going to say “no.”

To paraphrase a famous quotation: “Every year, I get mad about the taxes I pay, until I realize that it is the admission ticket to the greatest show on earth: politics.” Wherever you fall on the spectrum of regulation: always good, often good, neutral, often bad, or always bad, if you are interested in Bitcoin, you have a front seat to a really great show: the regulation of virtual currencies. I attended a Miami Bitcoin meet-up last Tuesday, and there was a gentleman, friendly enough, though forceful, who would not let the issue go: “All of you who think that Bitcoin is free of government control are kidding yourselves. You are in for a very rude awakening.” Yes, and…? I thought to myself. For those of you who have been around long enough, you may remember the days when Bitcoiners would say, almost hopefully, that someday, maybe in the distant future – if Bitcoin were to b...

Full article: http://chralash.wordpress.com/2013/06/26/bitcoin-vs-the-r...

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