Before you do that, I suggest you talk to him on the phone or skype to understand what his "actual" viewpoints are.
OK I'm going to interpret his article and he can tell me where I'm wrong:
" Moreover, many venture capitalists have been waiting for regulatory clarity to fund digital currency start-ups"
Translation: Wall Street wants to set up a series of fees, red tape and delays that can only serve to enrich their interests in order for other people to do business in bitcoin.
Sorry that you haven't noticed but bitcoin ventures are are popping up left and right without anybody's guidance or permission. These are the true "entrepreneurs" who are actually trying to push the scene forward.
" The decision by the New York DFS will likely be mimicked across all 50 states and opens the door for venture capital to fund innovations that will provide long lasting societal benefits"
Translation: The federal and state governments will crush any significance of bitcoin by introducing legislation that reduces its usefulness to that of fiat currency so our trend of increasing wealth disparity in our favor remains uninterrupted.
" With the regulatory picture in focus, the journey into adulthood for digital currencies can begin."
Translation: I don't understand bitcoin.
"The open-source nature of digital currencies provides a built-in self-regulatory mechanism, but that mechanism does not protect against human greed. "
Translation: I really, really don't understand bitcoin.
NOTHING protects against human greed! You want to know why that's obvious? Because greed is at an ALL-TIME HIGH! Regulation sure as shit hasn't protected us from greed. Who do you think you're fooling?
Satoshi Nakamoto's idea was the best thing we have for a decentralized trust agency, its proven to be far superior to the American legislative process.
Not to mention Brian doesn't even bother to give an example of how bitcoin isn't already protected from greed. IT IS! It would take an inordinate amount of bitcoin and wealth to subvert the bitcoin network, and in doing so you would wipe out the value of your entire investment. Not that its ever happened before, or is likely to happen.
"For digital currencies to grow up, they need a set of rules that allows for entrepreneurship while encouraging and protecting new users."
Translation: I want to revert this revolutionary new way of doing things and promotion of equality back to the system quo.
"Regulation done correctly can not only expand the user base, but also implicitly gives digital currencies legitimacy. "
This is entirely his opinion. To me and the thousands of other true proponents of bitcoin, regulation only serves to _delegitimize_ digital currency.
I don't care what kind of money Brian Kelly can bring into the cryptosphere. If its the wrong money, then its the wrong money and I'll take my chances with people who share my vision instead of his.
