Ninjastic
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Board Bitcoin Discussion
Re: Do we want to work with money regulators, or keep Bitcoin unregulated?
by
melvster
on 10/05/2013, 13:14:04 UTC
Quote from: Loozik on May 10, 2013, 01:09:03 PM
Quote from: retep on May 01, 2013, 11:10:26 PM
-Jeff Garzik

We can work with regulators to make sure Bitcoin is acceptable to them [...] There are ways to put taxation into Bitcoin itself, so that taxes are automatically applied when a transaction is made.

Quote from: melvster on May 10, 2013, 12:38:07 PM
Obviously work WITH, depending on the geographical region that is interested.

Please tell me you are joking.

Of course not.  Have you ever met a regulator?

Most are good folks just trying to do their job against people that earn 100 or even 1000 times as much as them.

Regulators are employed by us, we can do more working together.  Namely showing the competitive advantages that bitcoin gives that country, and allowing them to have input into good ways to leverage that.