Quote from: DeathAndTaxes on July 01, 2013, 11:56:53 PM

Quote from: btceic on July 01, 2013, 11:48:51 PM

Just thought of this...

This will force the regulators hands in making a decision no?

They will have to define it as some kind of asset at the least.

Good bad or otherwise we will know soon what bitcoin is or isn't

Don't expect regulators to work together, make sense, or even talk. It is entirely possible that SEC will define Bitcoin as a tradeable asset, CFTC define it as a "virtual commodity" and FinCEN still call Bitcoin "monetary value" (and thus subject exchangers to MSB/MT regulations). Meanwhile the states offer tortured illogical notices and guidance due to a lack of basic understanding on what Bitcoin is.

Actually I would count on the above happening. Maybe in a decade or so and hundreds of court cases you will see something resembling a logical regulator environment emerge.

Bitcoin promoters are just like the geek version of pennystock cults with all the hype, pumping and lack of integrity!!LOL

>>WTF!!!