Topic: Is fear of regulation slowing development? (Read 422 times)
I think it might be a contributing factor.
Given the recent news, with things like Bitfloor and the DHS going after Dwolla/Mt. GoX, do you think we are in for a regulatory clamp down?
I have actually just started a bitcoin and alt coin exchange with my team (please check it out www.crypto.st 
) , and i will say that in the beginning the regulatory stuff did seem quite scary, but they aren't impossible, there are already many U.S. based bitcoin businesses following the laws and doing quite well I.E: bitinstant, but the future is still unknown and that definitely affects how we move forward, but we believe there is so much potential in the future of this technology i'd rather move forward now and adjust, then not take a chance.
I think in a few years we will see more regulation for sure, but not without a huge growth in the industry. Regulation will only come if bitcoins do become big and successful!
) , and i will say that in the beginning the regulatory stuff did seem quite scary, but they aren't impossible, there are already many U.S. based bitcoin businesses following the laws and doing quite well I.E: bitinstant, but the future is still unknown and that definitely affects how we move forward, but we believe there is so much potential in the future of this technology i'd rather move forward now and adjust, then not take a chance.I think in a few years we will see more regulation for sure, but not without a huge growth in the industry. Regulation will only come if bitcoins do become big and successful!
How many of you have started a Bitcoin business, or would like to start one? To what extent are regulatory expenses and risk part of your thinking?
What about investments? How has it affected your desire to invest in Bitcoin businesses (eg. SatoshiDice)? Have you found it more difficult to raise money?
What about investments? How has it affected your desire to invest in Bitcoin businesses (eg. SatoshiDice)? Have you found it more difficult to raise money?
Interesting questions, weird nobody replied to this.
I'll consider starting a business once i graduate from college
In my opinion, the BTC currency needs to be stable before starting a business. At the moment it's not being used as a currency but as an investment. I'll never buy something with my BTC untill the equivalent price in USD is stable.
How many of you have started a Bitcoin business, or would like to start one? To what extent are regulatory expenses and risk part of your thinking?
What about investments? How has it affected your desire to invest in Bitcoin businesses (eg. SatoshiDice)? Have you found it more difficult to raise money?
What about investments? How has it affected your desire to invest in Bitcoin businesses (eg. SatoshiDice)? Have you found it more difficult to raise money?
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