[2014-04-19] Video Yahoo: Regulators don't want to regulate bitcoin, says BitPa

[LiteCoinGuy]

Regulators don't want to regulate bitcoin, says BitPay's Gallippi

http://www.youtube.com/watch?v=joGq11-RjHE


(if someone finds the full video it would be nice )

[smoothie]

lol because they can't. They can only regulate the businesses they (single-points of failure) can impose regulations on.

[shaobao88]

so regulators don't want to regulate bitcoin, because they are fundamentally unable to regulate them. Am I right?

[odolvlobo]

The original video was published March 14, and is here: http://finance.yahoo.com/blogs/daily-ticker/will-regulation-really-protect-bitcoin-users-from-losses-161753454.html

[Lethn]

so regulators don't want to regulate bitcoin, because they are fundamentally unable to regulate them. Am I right?

Yep, that's basically it, like with the constant reports about the Federal Reserve tapering on Quantitative Easing what's really happening is there's nothing they can do and they're trying to maintain their authority with a bluff.

[keithers]

They probably don't want to regulate it because it is too much work and paperwork for their lazy a$$es