27 Aug '14, 10pm

BitLicense 2014vs IntLicense1994: What if this had passed 20 years ago?- #Bitcoin #bitlicense

BitLicense 2014vs IntLicense1994: What if this had passed 20 years ago?- #Bitcoin #bitlicense

“We have sought to strike an appropriate balance that helps protect consumers and root out illegal activity – without stifling beneficial innovation” We should all be fortunate that the statement above was ‘never’ made by Ron Brown ; the former chairman of the Department of Commerce , which oversees the National Telecommunications and Information Administration. Those were the words of the Benjamin M. Lawsky on July 17, 2014 in a statement introducing the proposed BitLicense regulation. But what if 20 years earlier on July 17, 1994 a document known as the IntLicense was released to the world for a 45 day review period by the public? Would the majority of Americans know how to reply? How different would our world look today? Would we still have companies like Facebook, Twitter, Netflix, Google and countless other forms of technology we now take for granted. 1994 was a very ...

Full article: http://cointelegraph.com/news/112379/bitlicense-2014-vs-i...

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