Post
Topic
Board Bitcoin Discussion
Re: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace
by
Phenomenon
on 06/06/2011, 19:56:43 UTC
I know it dismays a lot of hardcore crypto-anarchists on this forum, but I am a happy, law abiding, tax paying US citizen Smiley  And I think bitcoin's best path to success will be to work within existing government regulations.

The vast majority of businesses we want accepting bitcoins are law-abiding businesses, as are the vast majority of people in the world.

If you believe that bitcoin is monetary freedom, as I do, then you don't want to self-select yourself away from the law-abiding world.  I want to spread bitcoin to as many people as possible... not "as many crypto-anarchists as possible"  Smiley

Sure, there will be setbacks from entrenched interests, but the best way to fight that is to be positive and help build the bitcoin economy.  Soon, the entrenched interests will be joining our economy.

Perhaps you should consider using USD.  It is an interesting currency which makes it very easy to comply with all US government regulations.  After all bitcoin will most likely be deemed an illegal currency in the coming months and you wouldn't want to be involved in something like that.