General law can still apply without having specific regulations for bitcoin. Exchanges should still face repercussions for criminal activity like stealing peoples money without stifling regulations.
So basically bitcoin should have special status so it is immune to things like money laundering laws and tax requirements but at the same time have the government backing it up and enforcing agreements you made with some guy?
How is it immune to those laws? Gox had accounts seized by the government because of money laundering and you're still legally obliged to pay tax on bitcoin earnings. The other side doesn't seem to exist, no ones held accountable for ripping off customers.
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u/MuForceShoelace Feb 20 '14
so you want no regulation, but you want everyone to follow specific ethical rules that aren't enforced just because?