It has to be the first time I see him sit down, whilst he talked about Bitcoin... My guess is they Super glued his shoes to the floor.
What I did like was the following:
1. He admitted that the bitcoin technology was still in a development phase, and it's not the final product, and might possibly not be for years, because it evolves with change.
2. He highlighted that the security problems are not with the bitcoin protocol, but with the companies interfacing with it. {Exchanges / Wallet providers etc}
3. He was honest with the pro's and the con's of using bitcoin, but he still encouraged the senate to focus on the pro's rather than the few con's.
4. He explained technical concepts in a way, that non-technical people could understand.
5. He gave practical examples to show what "good" regulations will do for Canada and where New York failed.
6. He did not use his ussual "extremist" approach, which in my view, is the only negative side, when you speak to more "moderate" public or the government.
So he was basically spot on, with what his objective was, and it worked.
What I enjoyed the most, was the humble and cool way, the Canadian senate discussed this. Things was said like "Shit Happens" and "I was told by younger people, to keep my old nose out of Bitcoin" and this
shows a government that understand it's role and are humble enough to admit, what they know and where they need help.
In my country, members of parliment drive fancy cars, only speak to the media when it's advantage their career and the normal public is seen as ignorant folk, who has to serve them. This is most certainly a very FRESH change, from what I am used too.
If it was not for the cold weather, I would emigrate to Canada.
