Will be even more exciting when Coinbase and Circle abandon New York. Millions of dollars of tax revenue lost, overshadowing any gains from fucking over small Bitcoin businesses with exorbitant fees and fines.
Yea that will deal a devastating blow to NY, since Circle, Coinbase and other Bitcoin businesses account for a huge portion of tax revenue!
No need to underestimate the revenues from emerging ventures. You are insulting Circle and Coinbase, as their reveneus are very small right now. But what will happen, if one of them becomes the next Google or Facebook?
Do you know that Sergey Brin and Larry Page had offered to sell Google to George Bell for just $1,000,000 in 1998? Vinod Khosla adviced Bell against the purchase, and he rejected the offer. Google is worth some $400 billion right now (400,000x returns?).