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Author Topic: Bitcoin at a Crossroads - Tackling the BitLicense by 2bitidiot  (Read 951 times)
cuddaloreappu (OP)
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July 18, 2014, 03:00:06 PM
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"Folks, I’ll be honest.  No other news today really matters.  Today is all about the BitLicense and the necessity of assertive and compelling public comments - coordinated or individual - to the NYSDFS in the coming weeks.  Below is my breakdown and lengthy proposals for attacking the BitLicense’s deficiencies"

http://two-bit-idiot.tumblr.com/post/92143258184/bitcoin-at-a-crossroads-tackling-the-bitlicense
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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July 22, 2014, 03:29:52 PM
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Two-bit,

I'm still relatively new to mining but am equally concerned over the Bitlicense deficiencies. I've already contacted both my CPA and lawyer to discuss how we can approach this.

They both recommended we draft an "amicus curiae" so can address both the concerns and impacts to our industry. I'm also gathering and contacting my local Bitcoin mining group to see if they are willing to work with me on this.

I have been doing more quant analysis on mining strategy and I don't want this to destroy the work I've already done.
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