There really isn't a good way to regulate them... that's the point. How would you suggest they regulate them?
Look at the link to the video of the CBS News interview I posted earlier. The main exchange is already regulated and looks like bitcoin developers will cooperate with regulators.The "main exchange" is MtGox. It's located in Japan, not the US, so the US cannot "regulate" it. It is totally meaningless for Japan to "regulate" it as well, since regulation of Bitcoin is technologically impossible. What are they going to do, pass laws against math?
Furthermore, there is nothing that Jeff Garzik needs to do regarding "the government". Writing code is not a crime (yet), nothing he does falls under anything resembling US securities laws.Quote
You knuckleheads just never bothered to listen. Now you get to pay the price for not paying attention.
You are an idiot, and you clearly have no idea what you are talking about whatsoever.It is regulated. Every transaction you make at MtGox into a government currency is being tracked and recorded. Why do you think they have withdraw limits? They are a money changing business. The US government could seize their funds in a heartbeat. What good are your bitcoins if you can't easily trade them for cash.
Go smoke some more weed