28 Aug '13, 5pm

Bitcoin Foundation sets the record straight at Capitol Hill

Bitcoin Foundation sets the record straight at Capitol Hill

Members of the Bitcoin Foundation educated US policy makers about digital currency in a meeting in Washington DC’s Capitol Hill yesterday. Peter Vessenes, Patrick Murck and Marco Santori represented the Bitcoin Foundation and spent the day talking protocol, block chain and mining with representatives from the offices of several congressmen and senators. Santori, who is chair of the foundation’s Regulatory Affairs Committee, said the attendees raised a number of concerns including privacy and anti-money laundering issues, but most just wanted to know how the protocol works. “The protocol can be used in many ways, so it’s helpful to make that distinction. We gave examples and analogies to explain the fundamentals. We said if bitcoin is like email, a bitcoin service is like Gmail and a bitcoin company is like Google,” Santori explained. There were also people at the meeting w...

Full article: http://www.coindesk.com/bitcoin-foundation-sets-the-recor...

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