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October 15, 2015, 12:29:07 PM |
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It isn't too surprising that regulatory pressure is the first roadblock thrown in front of Bitcoin adoption. If the politicians are shrewd, they are using it as a delaying tactic to give their financial industries a chance. If they are stupid, they're just treating Bitcoin like any other financial instrument, because they don't know any better. The best part about this is, it doesn't materially matter what they do, since the low barrier of entry to Bitcoin ensures that whoever wants to run a client - can, and with minimal interference.
Its just like how the RIAA tried to fight music sharing, and they're still losing, even decades later and untold millions poured into fruitless lawsuits.
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