Bitcoin Forum

Bitcoin => Press => Topic started by: bitbitcoins on March 14, 2014, 11:20:35 AM



Title: [2014-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: bitbitcoins on March 14, 2014, 11:20:35 AM
http://bitbitcoins.com/no-more-barriers-to-regulate-bitcoin/


Title: Re: [2013-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: davidgdg on March 14, 2014, 05:43:33 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.



Title: Re: [2013-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: cryptoanarchist on March 16, 2014, 01:44:24 AM
"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.


Title: Re: [2013-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: prophetx on March 16, 2014, 07:59:51 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.




Title: Re: [2013-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: giantdragon on March 16, 2014, 09:39:08 PM
@bitbitcoins, 1-year old news still actual? :o


Title: Re: [2014-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: bitbitcoins on March 17, 2014, 08:24:30 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/


Title: Re: [2014-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: genjix on March 17, 2014, 04:38:27 PM
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.


Title: Re: [2014-03-14] No barriers to regulate Bitcoin according to Jeremy Allaire
Post by: btcjedi on March 20, 2014, 01:44:48 PM
What senator thinks it is not possible to regulate Bitcoin because of its intrinsic properties of anonymity and decentralization?