Quote from: brandnewx on June 29, 2013, 02:34:21 AM

Quote from: Severian on June 29, 2013, 02:24:36 AM

Quote from: brandnewx on June 29, 2013, 02:16:55 AM

That's just being ignorant. MtGox registered as a MSB with FinCEN. It's all about anti money laundering that the US government wants.

Ignorance is thinking that lining up with what "the US government wants" is good for Bitcoin.

Thus far, it's proven bad for Bitcoin.

It's not about lining up with governments. It's about legal framework of how this world works. Do you seriously think you can just open an online fiat exchange and get away without being regulated? You must be dreaming. If you're going to go mainstream, you're going to be regulated. That's the end of it.

I get what you meant though. You probably hate fiats and your dream is probably about a world where Bitcoin is truly independent from fiats, that you could use it to pay for everything from foods to rent and entertainment. That's a long way from here. As long as you deal with fiats, you have to be regulated under fiats rules.

Warning! Rational thinking is met with severe hatred around these parts. Grin

It sure is fun to watch the zealots squirm though.