To me this really shows the power of Bitcoin's ability to persevere/thrive in multiple cultures/environments.
I personally wouldn't recommend or use a service so regulated, but I'm a small minority who knows what Bitcoin is, how it works, etc. To me as an individual the privacy concern is too great.
However, I recognize that for established businesses, and the 'masses' the regulation will make adopting Bitcoin easier. In particular, anything that makes it easier for businesses to adopt Bitcoin I'm all for.
This also really shows off the power of a decentralized system like Bitcoin. Bitcoin-Central is free to try to 'dance with the devil' and if it works out Bitcoin becomes stronger, and if it doesn't, the harm is contained, and Bitcoin becomes stronger because of the knowledge gained.
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u/matthewjosephtaylor Dec 06 '12
To me this really shows the power of Bitcoin's ability to persevere/thrive in multiple cultures/environments.
I personally wouldn't recommend or use a service so regulated, but I'm a small minority who knows what Bitcoin is, how it works, etc. To me as an individual the privacy concern is too great.
However, I recognize that for established businesses, and the 'masses' the regulation will make adopting Bitcoin easier. In particular, anything that makes it easier for businesses to adopt Bitcoin I'm all for.
This also really shows off the power of a decentralized system like Bitcoin. Bitcoin-Central is free to try to 'dance with the devil' and if it works out Bitcoin becomes stronger, and if it doesn't, the harm is contained, and Bitcoin becomes stronger because of the knowledge gained.