NY just announced a MANDATORY Bitcoin license - if this concerns you sign this.

[BruceFenton]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

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[bene]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

I thought the whole point was to get Bitcoin finally regulated

[Trance]

Do NOT DIVULGE ANY PERSONAL INFORMATION Before investigating where it will go, of course! #Protip


This is NOT safe!

[Trance]

Show where this "New York announcement" is, instead of posting something that's immediately asking speculators personal information, please.

[BruceFenton]

This is sketchy, asking for all this personal information??

It only asks for your name and city.

It's standard for online petitions.   

We will present the letter with all signatures to Superintendent Lawsky....signatures without a name or city are not influential.

I also personally disclose my own name and info as the op.

[Aswan]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

I thought the whole point was to get Bitcoin finally regulated

There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want.

[stompix]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

I thought the whole point was to get Bitcoin finally regulated

It all comes down to "how" it will be regulated. It might be a good thing or it might be the worst that happened to bitcoin.

[BruceFenton]

Show where this "New York announcement" is, instead of posting something that's immediately asking speculators personal information, please.

It's all over the news, Bloomberg, Reuters etc.

http://www.reuters.com/article/2014/02/11/us-usa-bitcoin-idUSBREA1A20X20140211

Online petitions are extremely common and this hardly asks anything which would be a concern to most....simply name and city.

If it concerns you that's fine -- but you can easily verify who I am as the original author - I don't think there is a security risk by people signing this.

[Lethn]

A mandatory Bitcoin license? Ooooooo scary and just how are they going to enforce this? ^_^

p.s. They can't, everyone in America would just start renting virtual private servers and you'd have companies outside the U.S specifically offering these services in return for Bitcoins and they'd simply move everything overseas

[BruceFenton]

A mandatory Bitcoin license? Ooooooo scary and just how are they going to enforce this? ^_^

p.s. They can't, everyone in America would just start renting virtual private servers and you'd have companies outside the U.S specifically offering these services in return for Bitcoins and they'd simply move everything overseas

Don't underestimate the difficulties which can be caused by men who command over those with badges, guns, cages an army of lawyers and a near unlimited faucet of taxpayer dollars.

Bitcoin regulation can be very very bad ....affecting companies like Bitpay, Coinbase, all new startups, venture capital investment in the space, public perception etc.

If it all goes underground we are looking at a lot less growth in innovation, jobs etc.

[Lethn]

Oh yeah, don't get me wrong, I understand well exactly how much damage it will cause but there's always a part of me that wants them to push these kind of bullshit laws through so people realise just what scumbags these people are.

[franky1]

the NY guys are only PLANNING to licence businesses that convert bitcoins to dollars. the regulation will remain at the FIAT gateways. this is not bitcoin regulation, this is FIAT regulation

[be48d782]

Should vote the governments in NY and California out.

All they do is make more rules and restrict the freedom.

This is only the beginning. These people are just treading the waters. Checking our response and restricting slowly and slowly by desensitizing us.

They probably have a 4 year plan to control and regulate bitcoins.

[Lauda]

the NY guys are only PLANNING to licence businesses that convert bitcoins to dollars. the regulation will remain at the FIAT gateways. this is not bitcoin regulation, this is FIAT regulation

We should be supporting it if this is the case (unless they do something really strange).

[BCB]

Prudent state regulation it the next necessary step in the evolution of decentralized virtual currency.

+1 for a New York BitLicense.

[hilariousandco]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

I thought the whole point was to get Bitcoin finally regulated

There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want.

Regulation in some form will come whether people like it or not. Governments aren't gonna sit back and let people launder it freely. They'll expect their cut somewhere down the line.

[bigb159]

If the regulation of Bitcoin concerns you, please sign this letter to regulator Ben Lawsky


http://bitcoinfinancialassociation.org/regulation/

I thought the whole point was to get Bitcoin finally regulated

There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want.

As someone put well. Gov can control the exits, but what people do inside the cryptocurrency ecosystems will be impossible to regulate.

[justusranvier]

If it all goes underground we are looking at a lot less growth in innovation, jobs etc.

Bitcoin would be stronger for it in the long term.

[vineyard]

NY will try to regulate anything and everything - with a goal in the end of generating revenue for the state in fees and/or taxes. Some other states will follow suit. It will be interesting to see the scope of any regulations they try to apply, and how they intend to enforce them.

[BruceFenton]

Asking for regulators to regulate solely because one fears they will regulate anyway is like asking for a thief to steal your wallet because you fear pickpockets.