It's Clear That The Future Of Bitcoin Is Not In The US

[Este Nuno]

I live in California and I can assure you that Bitcoin is already legal here.  There are several Bitcoin businesses, including Coinbase, located in California.  Bitcoins were never made illegal here.

I'm sure there is lots of bitcoin commerce going on in California at the moment, but from reading this thread(https://bitcointalk.org/index.php?topic=464149.msg5129518#msg5129518 it appears that California does actually have a odd technicality law in place that makes bitcoin illegal.

Apparently, the California law states that only "lawful money of the United States" can be used in California.  FinCEN determined last year that using Bitcoin does not violate any laws, which should make it "lawful".

That's an interesting interpretation of the law. The only reason I might doubt that interpretation is the fact that they are attempting to pass the bill outlined in that thread. If your interpretation was correct there would be little reason to pass that specific bill. I'm not a lawyer though so I'm just speculating here.

[bellgarath1]

I see bit coin become more and more widely excepted, as I travel across the US.

I think it will only grow as business needs not include every possible customer.

Jerry

[Catmoonglow]

Every statistic mentioned in this article is questionable. I'm going to shrug and keep using bitcoin in the U.S

[beetcoin]

americans own the most number of bitcoins, and a lot of startups are from the U.S... so i don't get the point of the article.

[Beliathon]

It's clear that the future of Bitcoin is not Mars.

[bryant.coleman]

americans own the most number of bitcoins, and a lot of startups are from the U.S... so i don't get the point of the article.

The point is just that the US is not the most Bitcoin-friendly country right now. The author is just stating that opening a Bitcoin venture somewhere in the Bitcoin-friendly nations (such as Alderney) might be more easier than starting one in the EU or the US.

[Beliathon]

americans own the most number of bitcoins, and a lot of startups are from the U.S... so i don't get the point of the article.

The author is just stating that opening a Bitcoin venture somewhere in the Bitcoin-friendly nations (such as Alderney) (...)

What the flying fuck is an Alderney? Did you just make up a nation?

Kind regards,

An American.

[bitsire]

It's Clear That The Future Of Bitcoin Anything Financial Is Not In The US

[twistyfy]

It's Clear That The Future Of Bitcoin Is Not In The US

Read more: http://www.businessinsider.com/bitcoin-is-going-to-take-off--just-probably-not-thanks-to-anyone-you-know-2014-6#ixzz33wyTFDMK

It could go either way. It's still to early to tell where the real future of Bitcoin is going to be.

[Acidyo]

I wouldn't go as far as to say that it won't be the U.S.

There are many early adopters from the U.S and many use it and know about it there. Same goes for merchants.
The government can say all it wants about btc but they can't stop it, so they may as well join it.

[designfail]

Did mr. Jeff Bezos just pay for the publication and is trying to say that the future is, if course, an Amazon coin?

[jimimcome907620]

It's Clear That The Future Of Bitcoin Is Not In The US

Read more: http://www.businessinsider.com/bitcoin-is-going-to-take-off--just-probably-not-thanks-to-anyone-you-know-2014-6#ixzz33wyTFDMK

nice one. I believe it must have good future.