[2015-08-04] Bitcoin’s slow journey to the mainstream takes an important step

[tyz]

The topics of technology and tax go together so regularly these days that it comes as quite a jolt to see politicians advocating for cutting out taxes that are reportedly hampering an increasingly influential segment of the industry.

But that’s exactly what will happen when the Senate Economic References Committee makes public its recommendations from an extended review into the treatment and regulation of Bitcoin and other digital currencies this week.

http://www.altcointoday.com/bitcoins-slow-journey-to-the-mainstream-takes-an-important-step/

[Kakmakr]

The current tax regulations actually put Australia at a disadvantage to the rest of the world. If they change these regulations now, a lot of businesses will return, and it would boost their economy. When anti-money laundering and counter-terrorism financing regulations are applied to Bitcoin exchanges, it would stimulate a growth in that area of the world, like we have never seen before.

Ripple will definitely get a foot hold, when the banks accept it as the default currency and the technology to invest in the future. In it's very nature, it's everything that Bitcoin does not want to be. We need the freedom to have full control and some anonymity. The centralized nature of these regulated exchanges are a mayor risk factor <MtGox> and a source for government monitoring over financial matters of private citizens.

We already had all that with VISA & Mastercard & PayPal and we decided to use Bitcoin, because it offered us a different way to control our own money.  Why go back to the old ways, when we have a brand new technology?   

[TraderTimm]

Ripple is a centralized nightmare, of course the banks would love it. Not to mention the scam-worthy pre-mine. Hell, all they need is a 'crowdsale' and the ripoff cycle is complete. Anyone backing this coin needs their head examined, or perhaps they need to change jobs, since the only thing it can support is the existing corrupt financial system.

[1Referee]

Ripple is a centralized nightmare, of course the banks would love it. Not to mention the scam-worthy pre-mine. Hell, all they need is a 'crowdsale' and the ripoff cycle is complete. Anyone backing this coin needs their head examined, or perhaps they need to change jobs, since the only thing it can support is the existing corrupt financial system.

That's why banks could for some reason incorporate Ripple in their already with iron fist ruled financial system. A good reason for so many financials to not deal with Bitcoin in any way.

I will never ever support anything other than Bitcoin in terms of digital currencies. I am so happy to have Bitcoin to store my funds and send/receive payments. And that without ANY bank  

[LiteCoinGuy]

Ripple Funding: 20 Mio

Bitcoin Funding: 1000 Mio


good luck with the centralized & premined ripple scam.