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1  Bitcoin / Legal / Re: Selling Bitcoin? on: March 07, 2014, 02:32:19 PM
I'd be careful with these analogies.  This is exactly what the anti-gun lobby is trying to perfect - holding gun manufacturers responsible for the illicit use of their products.  The same thing is emerging in the automotive industry.  Being miners, we are the "manufacturers" (or money-launderers to certain authorities) so it's not a very large leap to say that someone might try similar logic to undermine CCs by making miners liable for the illicit use of CCs.  Of course maybe someone will develop "mining liability insurance" then...
2  Bitcoin / Bitcoin Discussion / Re: NY just announced a MANDATORY Bitcoin license - if this concerns you sign this. on: February 12, 2014, 11:24:41 PM
The article I read had a line in it that they were considering regulating miners also, not just exchanges or gateways to FIAT.  Angry

SOME regulation of exchanges might be good and lend legitimacy to the cryptocurrenncies.  Things like deposit insurance or minimum levels of capitalization so runs don't crash the exchange.  That would also take some volatility out of the market and make it more attractive to merchants.  The bad result could be if they try to treat BTCs like FIAT with regulations like 'know your customer' that go against the grain of the peer-to-peer architecture.  THAT could take a serious bite out the attractiveness of BTCs and all cryptocurrencies and will force everyone offshore.  But even then FACTA laws in place today would restrict exchange operators desriing anonymity to third world locales.
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