Bitcoin Forum

http://btc.com/north-carolina-bitcoin-legislation-receives-opposition/

We need your help in North Carolina! If you haven't already, please take a moment to sign the letter at http://BitcoinRegs.org.

How clever are the backstabbing Coinbase people...  >:( ....They see a gap to have market dominance for a few months and now they suddenly support the Bill, because they already adhere to these regulations.

Companies like these kill the whole Bitcoin idea. {Not just by doing this... They were one of the first companies to bend their knee to strict US regulations... a money decision... effectively destroying the little Bitcoin anonymity for millions of USA citizens}

Now they using this, as leverage to push competitors out of the scene. Shame on you .... We expected it from the banking industry, not the people who are supposed to support the Bitcoin community.  >:(

End of course Coinbase supports that shit. ::)

Legislation and regulation is inevitable. This will soon be happening in all 50 states and on the federal level. It's just another step toward becoming mainstream.

What's new? An industry leader colludes with government to legislate increased barriers of entry. And this is all to protect the consumer?

I think one of the more interesting aspects of this is the conflict with existing Federal regulations. It's pretty important whether Bitcoin is "property" or "money" and while the latter may have more favorable implications with regards to tax, it certainly pigeonholes Bitcoin into a specific use... Hm. Thanks for posting, Since I run a crypto business based in NC I will be watching this closely.

Although I do generally oppose regulation in the bitcoin world, it is going to happen eventually, and there is nothing that can be done to stop it. I also think that such regulation will give bitcoin an additional amount of legitimacy and will hopefully cause public adoption to increase in and around NC.

Regarding Coinbase: sure they stand to benefit over the short term because of this proposed law, however they also have a vested interest in the long term success of bitcoin. Plus there are plenty of people both here and on LBC that are willing to trade with people in NC

Exactly! A big company supports regulations that trample the little guy to make themselves richer? No shit? I'm always dumbfounded every time I see people believe Bitcoin businesses will some how act differently than every other business on the planet. Here's some basic instructions to end future disappointment. People are self serving pieces of shit, businesses are run by people, financial businesses are run by money hungry bastards, true hippie eco-libtards that chain themselves to trees are 1 in a million and they work as baristas not in finance. You do the math.

Honestly, I agreed with the statement that Bitcoin is "property" not a "money", because however if you want to buy something with Bitcoin you have to determine the Bitcoin price with USD or your local currency.

i remember there was a thread like this , anyway i signed it, i hope it will go through

cheers