https://youtu.be/4hjLgXA-MZY?t=23mIn this video Peter Thiel is talking about technology and why the Internet has been largely unregulated and he mentions
"My experience at PayPal where we created this new financial service which attracted a great deal of regulatory scrutiny,
it happened so quickly that the regulators were too slow to respond. We went public in February 2002, there were some people in the state of Louisiana who wanted to shut us down because maybe we're doing illegal banking. We called up the bank regulators in Louisiana and said there are 100,000 people with PayPal accounts in the state of Louisiana 3,000 small businesses, does Louisiana really want to get the reputation as a state that's technologically backwards and hostile to progress. And the answer was "No we don't" and so we were able to keep going..."
"
I think there is a velocity of it that is very critical..."
We need more people using Bitcoin regularly so we can stay ahead of the regulatory wave. If New York had 1 million people using bitcoins in their daily lives do you really think they would have any support when it comes to regulating it and possibly disrupting those million people's daily routines? They would be worried about the backlash. But by only disrupting a few people and businesses early on they have all of the advantage to do whatever they want with no major backlash.
Start using
http://www.bitwage.co, get part of your paycheck converted to Bitcoin (even if it's just 5%). Start using it for most of your online purchases. Use it when you order pizza or
takeaway. Use it at
Starbucks. Even if it's just a few bucks a week. Become a Bitcoin user. Not just a hodler.
