05 Jul '13, 3pm

Fighting the good fight with bitcoin

Fighting the good fight with bitcoin

Welcome to the CoinDesk Weekly Review 5th July 2013 — a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host … John Law Send guns and lawyers There are many civil servants in the UK’s Foreign and Commonwealth Office who harbour a secret fondness for gunboat diplomacy. It’s a simple concept: if some overseas power displeases you, command a few well-armed warships to fussily anchor within range of Johnny Foreigner’s HQ, then send in a chap in a funny hat to make your wishes plain. It’s not clear that the hat is important, but you do need lots of guns where the other lot has none. Works a treat. California’s Department of Financial Institutions is another fan. The state financial regulator sent the Bitcoin Foundation a reasonably terrifying legal shot across the bows ...

Full article: http://www.coindesk.com/fighting-the-good-fight-with-bitc...

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