Disclaimer: At this point, I would characterize my knowledge of the applicable regulation as very incomplete. While I am not a lawyer, I work with a lot of lawyers, and my job involves a lot of research and writing memos for companies taking accounting or tax positions.
As you can see from the address in my signature, I've got a decent investment in the network, and I'm very interested in seeing this experiment succeed. I've been trying to figure out what I can contribute to the community. As a very bad amateur programmer, I'm uncomfortable touching anything regarding the technical aspects, as the credibility of NXT could be hurt by amateurs playing with people's money.
I think I know what needs to be looked into for the US, but I would like some pointers for other countries. I have the resources to research things as they apply to the US, and may have access to some good info for other regions as well. The gambling thing in Germany mentioned above by ChuckOne is a good example of what I'm looking for.
I agree with the others who point out that the decentralized nature of NXT has certain benefits with regards to government control. However, governments can do many things to make NXT's life difficult, which could cause the price to plummet. This is a very bad thing when people attempt to use NXT as a store of value. Let's be prepared to address regulatory issues before they arise.
I think the government has been trying to deal with Bitcoin for quite some time. And what have they done? They've cracked down on a few people, but I think they know that there's no way for them to stop it, short of shutting down the internet which would have negative consequences for everyone, including them. Not only that, but I believe Nxt will be even HARDER for the government to come down on because of things like the decentralized exchange and (hopefully) NXTcash, etc. I just really think that if the Government were going to kill cryptos (like Bitcoin) they would have done it by now. Doesn't mean they still aren't trying. But agiain, what can they really do?
Do not think so destructively. Let's consider his work as compromising as a step towards govs without giving up anything. When govs do not feel comfortable with NXT, they will not accept NXT. But when they do, we might even have their support.
So, what's better? No support by govs or support by govs?
I think the govs of a country is a player in the financial system as everybody else and we should address their concerns. What's wrong with that?
