2014-03-18 Bloomberg - Is Regulation Key to Bitcoin Marketplace Stability?

[FeedbackLoop]

(Not the treasury guy interview that was live just at the time of this posting.)


http://www.bloomberg.com/video/is-regulation-key-to-bitcoin-marketplace-stability-gOuxU1UXS8eZobN2EZuDWw.html

March 18 (Bloomberg) -- Bloomberg’s Michael McKee reports on the possibility of the United States instituting regulations for Bitcoin and the advantages that could give to the virtual currency on Bloomberg Television’s “In The Loop.”

[runam0k]

Well, we certainly need liquidity and the US is a big market.  A professional service Bitcoin exchange in the US would be great.  Such an exchange would necessarily have to work with banks and regulators - there is no way around that if you want to be able to quickly move large amounts of USD in and out of Bitcoin.

[cryptoanarchist]

Same shit, different day.

Nothing has changed. Bitcoin isn't, can't, and won't be regulated.

[DubFX]

Same shit, different day.

Nothing has changed. Bitcoin isn't, can't, and won't be regulated.

It actually can and maybe will.

[cryptoanarchist]

Same shit, different day.

Nothing has changed. Bitcoin isn't, can't, and won't be regulated.

It actually can and maybe will.

After hearing this for the last three years, and because of the technical impossibilities, I'm inclined to think you're as wrong as everyone else has already been.

If the powers that be could regulate cryptocoins, they would have done so a long time ago. The simple truth hasn't changed - you can't regulate file sharing, which is all a bitcoin transaction really is. Ask the RIAA.

Regulating exchanges just sends people to other exchanges. They tried regulating mtgox - yeah, that mtgox. You newbies don't realize it, but that was the first exchange to start asking for Gov ID. They were the play-by-the-rules exchange, and they ended up being the big thief. Understand that the REGULATORS ARE THE THIEVES!!

[kjlimo]

Same shit, different day.

Nothing has changed. Bitcoin isn't, can't, and won't be regulated.

It actually can and maybe will.

Some people say "it is" because existing regulations may apply already.

That's part of the debate... do we need additional regulations specific for this new technology, or do the old regulations have it covered?

I don't believe regulation is the "key" to marketplace stability... we'll see if that ever happens.

[LiteCoinGuy]

mainstream people begin to see the opportunities - woho 

[jadescorpio]

Who is Michael McKee? Is he famous?

[jolipenria]

Do you really think that mainstream people begin to see the opportunities? I don't