Quote from: tvbcof on May 02, 2013, 09:46:08 PM

Quote from: 100x on May 01, 2013, 11:27:02 PM

Quote from: retep on May 01, 2013, 11:10:26 PM

We can work with regulators to make sure Bitcoin is acceptable to them. For instance we can ensure that it remains possible to track the flow of money through Bitcoin. We can also ensure that there are options if certain funds need to be frozen and blacklisted, due to fraud, theft, or because they encode illegal data. We can work with them to find ways to apply AML rules to Bitcoin transactions and to the exchanges. There are ways to put taxation into Bitcoin itself, so that taxes are automatically applied when a transaction is made. Maybe even one day we'll be required to prevent dangerous levels of deflation. A lot of these changes are technical, such as improving scalability so transactions can remain on the blockchain, developing P2P blacklist technologies, and preventing deflation.

Sounds freakin' dandy. Count me out if it goes this direction.

The trouble(*) is that at this time, and possibly for some time to come, for every '1' in the real world who is turned off by such things, there will be '10' who will think they sound great(**). Their response will be 'Count me in.'

(*) Of course "One man's trash is another man's treasure." so 'trouble' may not be the right word exactly.

(**) I'm not standing by and exact 1/10 ratio. Just making a point as I see it.

Yeah but the 10 who think it sounds great don't have any money ... and is a large part why they don't.

Bitcoin is getting adopted because capital markets can appreciate what good money looks like ... if bitcoin now turns around and changes itself into bad money capital will move elsewhere.

Govt. money was formerly gold, then paper cash and now traceable digital units ... if govt. money was widely available as untraceable (fungible) gold-backed digital units bitcoin would be worthless.