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Started By
Message
re: So what happens to Bitcoin now?
Posted on 10/3/13 at 10:13 am to BennyAndTheInkJets
Posted on 10/3/13 at 10:13 am to BennyAndTheInkJets
quote:
How much does it make you smile that this made front page news?
I like it for two reasons:
1) It spreads the word on bitcoin while...
2) also making it "seem" like the underground drug economy is gone.
In other words, with the SR gone, people now won't automatically associate bitcoins with drugs, however, we all know that there will still be online black markets available.
So essentially, this does bitcoin a favor by helping to keep the public perception to one of a more legitimate currency.
1
Posted on 10/3/13 at 10:14 am to WikiTiger
There is a clause in there that should make you worry about any chance of broad based acceptance. The CFTC is debating whether or not to put bitcoin under their supervisory remit, which in essence will place all exchanges under the scrutiny and regulation of the CFTC. Won't affect P to P usage obviously, but it will essentially deflate any chance of this getting wide acceptance in the form that you wish for it. This is what I was referring to when I previously made the point that regulators will not ever let something like this just freely go, and you said "if it happens then frick them for it". Hasn't happened yet but being debated.
This post was edited on 10/3/13 at 10:15 am
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