Topic: [2014-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire (Read 871 times)
March 20, 2014, 08:44:48 AM
What senator thinks it is not possible to regulate Bitcoin because of its intrinsic properties of anonymity and decentralization?
March 17, 2014, 11:38:27 AM
See this video I made about what's going on in the Bitcoin space:
http://www.youtube.com/watch?v=cRAYT2gaAqw
Libertarians are being ostracised so they can make their moves on this market.
http://www.youtube.com/watch?v=cRAYT2gaAqw
Libertarians are being ostracised so they can make their moves on this market.
March 17, 2014, 03:24:30 AM
Sorry I changed the date.
Here is the original interview: http://siliconvalley.blog.lemonde.fr/2014/03/12/aucun-obstacle-pour-reguler-le-bitcoin/
Here is the original interview: http://siliconvalley.blog.lemonde.fr/2014/03/12/aucun-obstacle-pour-reguler-le-bitcoin/
March 16, 2014, 04:39:08 PM
@bitbitcoins, 1-year old news still actual? 
March 16, 2014, 02:59:51 PM
He simply wants barriers to entry to make competition a sin.
exact! classic valley vc playbook
ah well time will tell how much the technology can be perverted.
March 15, 2014, 08:44:24 PM
"He also answers the reluctant senator who thinks it is not possible to regulate Bitcoin because of its intrinsic properties of anonymity and decentralization. Allaire just thinks that the regulatory mechanisms that apply to all other forms of payment are readily applicable to Bitcoin from the time where we have a real international collaboration. In addition, security and trust is not an obstacle because the Bitcoin protocol naturally allows transparency. Audits can be conducted as is the case for traditional banks. He noted, however, that not all nations have the same willingness to participate in this international effort that shall lead to regulation. Unlike Japan, the United States is very likely to regulate companies operating Bitcoin, probably because they want to be pioneers. The recent hearings led by Ben Lawsky are very encouraging example in this area."
I can only role my eyes at the stupidity on display. Allaire is in authoritarian dream-land, and has next to zero understanding of cryptocurrencies.
March 14, 2014, 12:43:33 PM
"He also answers the reluctant senator who thinks it is not possible to regulate Bitcoin because of its intrinsic properties of anonymity and decentralization. Allaire just thinks that the regulatory mechanisms that apply to all other forms of payment are readily applicable to Bitcoin from the time where we have a real international collaboration. In addition, security and trust is not an obstacle because the Bitcoin protocol naturally allows transparency. Audits can be conducted as is the case for traditional banks. He noted, however, that not all nations have the same willingness to participate in this international effort that shall lead to regulation. Unlike Japan, the United States is very likely to regulate companies operating Bitcoin, probably because they want to be pioneers. The recent hearings led by Ben Lawsky are very encouraging example in this area."
Perhaps something got lost in translation, but "International collaboration" to regulate Bitcoin sounds exactly like what we don't want and should be arguing against.
Perhaps something got lost in translation, but "International collaboration" to regulate Bitcoin sounds exactly like what we don't want and should be arguing against.
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