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LiteCoinGuy (OP)
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February 13, 2015, 08:36:41 AM
 #1
Former US Treasury Secretary: Bitcoin Needs More Than Math to Succeed

Former US Department of Treasury Secretary and advisor to President Barack Obama Lawrence Summers has argued that, in order for bitcoin succeed, the technology and those who support it will need to embrace regulation.

http://www.coindesk.com/former-us-treasury-secretary-bitcoin-regulation/
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February 13, 2015, 02:06:37 PM
 #2
Summers! Woot! Surely his 15 minutes of fame are over.

His churlishness towards the Winklevii is legendary, as you may already know: http://blogs.wsj.com/digits/2011/07/21/winklevosses-to-summers-you-are-tactfully-challenged/

He wants BTC to fail sooooo badly, I infer.
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February 13, 2015, 02:34:06 PM
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Massive lol. And fiat needs more than regulations, apparently...
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February 13, 2015, 05:00:53 PM
 #4
"embrace regulation"?
Sadly, our Bitcoin Foundation is probably ready to give him a big hug.
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February 13, 2015, 05:27:37 PM
 #5
Larry Summers Likes the Idea of Bitcoin

http://dealbook.nytimes.com/2015/02/12/larry-summers-likes-the-idea-of-bitcoin/?_r=0
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February 13, 2015, 05:32:31 PM
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We have all the regulation we need now. And plenty of math also.
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February 13, 2015, 05:57:49 PM
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Quote from: LiteCoinGuy on February 13, 2015, 05:27:37 PM
Larry Summers Likes the Idea of Bitcoin

http://dealbook.nytimes.com/2015/02/12/larry-summers-likes-the-idea-of-bitcoin/?_r=0

In the article (not the headline) he damns BTC with faint praise and beats the regulation drum loudly:

"But Bitcoin or any other payments technology, Mr. Summers said, will need to shed the “hyperlibertarian aura,” which is hindering widespread acceptance. Regulation, he added, would certainly help."

He has an agenda. Boy, does he have an agenda.      Wink
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February 13, 2015, 06:56:16 PM
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Per Summer's logic math needs to be regulated too, because othewise there will be no mass adoption of it.
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