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Author Topic: NY Hearings - lets live blog this puppy : - )  (Read 11617 times)
merkin51
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January 28, 2014, 05:36:27 PM
 #21

Fair play to that Wilson guy, he was / is fucking great.
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sgbett
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January 28, 2014, 05:37:40 PM
 #22

strikes me that the typical AML/KYC seems like a reasonable amount of regulation.

I think maybe they are just trying to ensure there isn't a whole bunch of other crap on top of that.

I hope.

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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
sgbett
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January 28, 2014, 05:41:21 PM
 #23

Fair play to that Wilson guy, he was / is fucking great.

is that the wilson guy? the one busting all kinds of nuts about regulation at the moment?

I'd have to a agree!

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
BitcoinAshley
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January 28, 2014, 05:43:05 PM
 #24

Fuck yeah Wilson! Attack mode.  Cool

(He just ranted about the burdensome legacy banking infrastructure, all the forms to fill out, and how it could easily be put into code and automated.)
Rygon
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January 28, 2014, 05:53:03 PM
 #25

Impressed by the Wilklevoss twins.
segeln
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January 28, 2014, 05:54:26 PM
 #26

Impressed by the Wilklevoss twins.
no, it bit boring and  not very inspirational
PhydeauxLeChien
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January 28, 2014, 05:55:18 PM
 #27

Is this being recorded? I'd like to show this to some other people later.

Seconded. I'm at work atm and can't watch, will there be a recording?
merkin51
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January 28, 2014, 05:55:39 PM
 #28

The twins have done fine, not as engaging and confident as Wilson, but they've not done btc any harm here.
sgbett
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January 28, 2014, 06:00:48 PM
 #29

Dr Evil Attack!

 *chuckles*

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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
BitcoinAshley
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January 28, 2014, 06:01:32 PM
 #30

Great, the female regulator just cited Rpietila original research. (Regarding the number of people who own half the bitcoins, which is pure speculation.)

*FACEPALM*

You'd think they'd have at least done a little more research, it is their job after all...
sgbett
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January 28, 2014, 06:03:16 PM
 #31

ROFL Facebook reference from wilson, right in the face of winklevosses!!!

"if you were an early employee of Facebook you'd be loaded right now" priceless.

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
Rygon
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January 28, 2014, 06:04:46 PM
 #32

Why in the world are they asking about price volatility? Are the regulators also speculators?  Wink
threecats
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January 28, 2014, 06:05:38 PM
 #33

Glad we are finally out of the money laundering shit. Now sniffing around US exchange question.
BitcoinAshley
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January 28, 2014, 06:06:36 PM
 #34

Oh great, the asshole regulator on the right just started talking about "spending vs. hoarding." Yet another keynesian fuckwad.

HODL HODL HODL
Dafar
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January 28, 2014, 06:09:41 PM
 #35

Hoarding is not a problem at all, when money appreciates it gives people incentive to spend as well because it feels like free money.




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BitcoinAshley
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January 28, 2014, 06:10:13 PM
 #36

Oh, Winkle doing a good job explaining why HODLING is actually necessary to facilitate transactions... the market cap and liquidity we have now is simply not enough to be able to absorb the transaction volume we'd expect with more and more adoption. 
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January 28, 2014, 06:11:00 PM
 #37

you can tell that each person speaking to the panel is very careful not to speculate on to what the max price they think bitcoin will reach...
threecats
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January 28, 2014, 06:14:25 PM
 #38

Now it's getting really interesting! Visions of how bitcoin will disrupt traditional NY finance
threecats
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January 28, 2014, 06:20:42 PM
 #39

dunno  which winlklevii is which but the one on the left is hitting some home runs.
Rygon
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January 28, 2014, 06:23:21 PM
 #40

I think Fred Wilson is getting a little bit too preachy about how the current system sucks and how banks will fight back.
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