29 Jan '16, 2pm

VeriCoin@NYC Bitcoin Center – Interview with Doug Pike, Patrick Nosker

VeriCoin@NYC Bitcoin Center – Interview with Doug Pike, Patrick Nosker

I think there are two things to gather from it. First, the fact that regulations were even proposed means that Bitcoin is becoming a real threat to the financial markets. They are also in a way legitimizing this new wave of financial transactions. California had their regulations , which I think were beneficial, but New York having regulations at all is a boon to Cryptocurrencies in general. However, I don’t think they will end up as they are and the Bitcoin community will have a say in cutting them down quite a bit. If they don’t, it’s really going to hurt New York and the growth of Cryptocurrencies in general. Perhaps some will move across the river to New Jersey to work on their companies and there will be a lot less money flowing into New York.

Full article: http://cointelegraph.com/news/vericoinnyc-bitcoin-center-...

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