New York needs to realize that this revolution is going to happen. Eiter with or without them. The more they try to oppress and over-regulate it, the more we'll flee to other parts.
And everybody understands this whole BitLicense has nothing to do with the safety and wellbeing of New Yorkers, and everything with protecting the monopolies of powers that be.
That's true but A regulated market, even over regulated market, will do alot to push forward the bitcoin revolution since almost all businesses and financial investors would choose not to invest in btc using an unregulated entity. A nyc based engaged does alot to improve bitcoin's image which will lead to faster addoption rates. If btc goes mainstream it will change the word for the better but that can't happen without atleast the tacit approval of regulators.
