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Message
re: Winklevoss Twins Plan First Fund For Bitcoins
Posted on 7/2/13 at 5:08 pm to WikiTiger
Posted on 7/2/13 at 5:08 pm to WikiTiger
quote:
Because regulation at exchange points is completely irrelevant in the grand scheme of things.
Maybe in the event that bitcoin is large enough that nobody actually wants to exchange out for currency, but that is nowhere near the case right now and saying its irrelevant in the grand scheme of things could be correct in theory but in application it is absolutely not.
quote:
I welcome the regulation to get people into bitcoin.
Be careful what you wish for. I know your an idealist but the application of what you're welcoming here will not equal the end result you want.
quote:
Once people are in bitcoin, then the regulation is powerless.
This is another example of the divergence between ideology versus application. I know what you're saying by this, but it just won't happen.
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